Ikea Home card

As per the previous review, I've had an Ikea store card for about 3 years and they've more than doubled the interest rate - they have also developed a nasty habit of changing the payment date by 3-4 days on occasion with the result that it's easy to miss a payment and incur charges... in any other business this would be called "sharp practice". No wonder Mr Kamprad is the world's richest man.

Tgis company have just announced a hiking up of rates to 27.5%. When asked why they said it was to reflect current market conditions. This is at a time when most folk are worse off and normal credit card rates are around 15%. This is an example of a store card operatoir taking advabntage at a reallt bad time for people. Another case of rip off Britain. These store cards should be outlawed. Sahme on you IKANO and Ikea.

I have had an Ikea card for about 8 years now. They seem to operate the exact opposite to every other store card provider and bank out there. Firstly, I got into financial difficulty after a divorce a few years back and they froze my interest payments for 6 months and reduced my limit to zero until I got back into the black. I had no extra charges because I kept them informed-they really listened! As long as I kept to my payments, I had no trouble at all. The only time I was ever charged was for 12.00 for a DD that didn't go through (my fault). My Bank charged me £30.00 for the same transaction! I think Ikea Card charges are much fairer than other lenders. Once my finances improved, I cut up my other credit card and didn't apply for credit with anyone else because I could see the difference in the service I received when I really needed help the most.

Since then, my card has been re-instated with a good credit limit-no problems, this is never increased without my knowledge, I have to apply for any increase -for example, if I wanted to make a big purchase, like a Kitchen (which I never have), they seem to be really sensible lenders. I noticed that the APR was around 12% (recently gone up to around 16% re the current climate). Some store cards charge around 30% APR. The call centre is uk based, with no crazy press this and that options and they do not try to sell you things you dont want. I wish the service I got instore was as good as the store card-other than that it is excellent. If this is the only credit card you choose, then you cant go far wrong- and no! I don't work for Ikea!