IKEA credit card fees

GettingItRight

My Partner in Portugal has decided to open an IKEA credit card. I advised her against it, but she is convinced she will get 0% APR. I see on the UK website they advertise the 0% as the "typical" rate of interest. I am trying to find out more about the card itself, because she wants to buy a sofa-bed and pay for it on her IKEA account card. The item will cost in the region of just over £300. I have offered her £200 now, so she only has to find the remaining £100 or so difference. Otherwise I can give her the remaining amount in April. She seems resolute on using this card, but although she studies economics, I don't think she has fully digested the terms and conditions of the contract she has likely signed. The problem also if that I think she will spread the payments over the 12 months which will probably incur a horrible amount of interest.

Does anyone know of any fees or charges that the IKEA credit card can incur?

If you can share then I would greatly appreciate the help, as I am trying to get as much information on the card as possible.

Thanks!

Consumerist

As far as I can tell, the terms & conditions for the Ikea card are only available in store so you could have some trouble finding out what their charges are unless someone on the forum has one and can tell you.

Sorry I can't be of more help.
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GettingItRight

Thanks, this is how I imagined it would probably be. I noticed yesterday that the website does not supply the terms and conditions for the UK IKEA credit card.

YorkshireBoy

GettingItRight wrote: »

My Partner in Portugal has decided to open an IKEA credit card.

The problem also if that I think she will spread the payments over the 12 months which will probably incur a horrible amount of interest.

The details can be found on the Portuguese Ikea website.

Using www.freetranslation.com it appears the length of interest free period depends on the value of the purchase. Her £300 sofa (approx £350) looks like it will qualify for only 6 months 0%.

The APR appears to be 28.1%

GettingItRight

Hi,

Thanks for the link, your time was much appreciated.

I have looked at the page and I think you might be right about the 0%. I'm still hoping she will take the £200, then if needed I can help clear the remaining balance in April.