Ikea Card??

DilbertJones

Planning a trip to Ikea on Monday. I notice they charge you a fee of 70p for using a Credit Card. Having to spend over £70 to get back 70p cashback on my Egg Money card.

Is it worth getting the Ikea store card? what benefits are they? would I be able to pay off the Store card using my CC card? Is there anything to watch out for on their store card.

Their website doesn't seem to work at the moment, well the store card part of it anyway.

Dora_the_Explorer_5

Ikea is a trap at the best of times, go in for a 99p cushion and you end up at the till with a £99-full trolley. I can't think of one single benefit for getting any store's card, but a squillion disadvantages - the first one being APR !

MikeLB

The IKEA Card APR is not that bad to be honest, at 12.9% APR, it beats a lot fo credit cards with its interest rate.

I dont know about paying it off with yuor CC but you can certainly balance transfer youe IKEA Balance to your CC, I used to use that trick all the time when IKEA interest rate was a lot higher than it is now.

If you pay it off in full every time, (55 Days Interest Free btw) it would be worth getting. They do tend to send special offers to Home Card Holders, send the new catalogue each year direct to your house, and it does also entitle you to free tea and coffee in the resturant!

Sometimes they do a sign up offer with the IKEA card where you get 10% back in goft vouchers if you use it on the day of application in store.

DilbertJones

Yeah I will certainly be paying it off in full, I am very much against running up huge Credit Card debts have done in the past will never do again (Thanks to this Site)

Free Tea is a good advantage, I just worry about store cards. Or is it simply a Credit card run by Ikea?

MikeLB

Its a Store Card as you cant use it anywhere else. They are also pretty strict with the limits they issue on them from what I can gather. I got a limit of something like £300 when I applied, so in that sense, they were quite cautious, which is probably no bad thing!

I just liked the catalogue being sent to the house, living a coupel of hundred miles away fron the nearest store its very handy.

Rafter

It is not a credit card but a store card run by a company called IKANO services.

Given it's name I think it is probably a division of IKEA itself.

The benefits are ok though and a free coffee seems better than a 70p charge for using a credit card.

Given that the average car costs 35p a mile to run and IKEAs delivery charge is £40+ you have to put the 70p credit card charge in context though.

Personally not sure what it gains them as processing credit cards probably costs them no more than cash handling costs. By law they can't charge a premium for paying by cash rather than debit card though.

Personally I'd rather they offered a 1% discount for using debit card or their store card. Seems better than an artificial premium for credit cards alone.

R.

DilbertJones

so all in all not too bad an idea then? Catalog sent direct to the house (Although that will prob mean further trips as missus robodan sees more things she likes!!!)

Free Tea/Coffee (although not untill i visit next )

Only trouble is going through the application process at the till......nightmare

MikeLB

There is usually a dedicated desk in store to apply at on the top floor, or apply online.