IKEA Family Credit Card

Hi Everyone,

I am not sure how recent this news is, but I just saw that IKEA has a credit card. They offer 1% “cashback” that is earned everywhere, but can only be spent in IKEA. Since the other cashback card is an American Express, it might make sense to use the IKEA card whenever Amex is not accepted? They also offer a free additional card, which is great for couples.


Looks like a nice deal. The operator is Cembra, which is the same as the Cumulus card. Only there you get 1 “point” for every 3 CHF spent outside of Migros. Here you get 1 point for every 1 CHF spent outside of IKEA. And if these points are valid at least a year from the date of issue, then it should not be a problem to find something valuable in IKEA at least once a year.

What about the “free additional card”? The card is anyway free, so what’s the advantage here? That you can collect points from both cards in a single account?

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Yes, it would be good to know how long the points are valid. We have two cashback cards, pay all expenses and then check the bill for joint expenses and split accordingly. The main advantage is to have one bill at the end of the month. Having an additional bill (because of IKEA) would complicate the setup a bit.

I don’t see the advantage of a single bill. Cembra is anyway not in e-Bill. It would be good to have a credit card that you can automatically pay off with e-Bill.

Well without an additional card at cashback-cards and with a different mastercard there would be 4 bills, right now we have 1. I guess it doesn’t make a huge difference, but I’m not sure if I would like to complicate my setup with an additional ikea credit card.

I don’t think it makes sense, waste of time. I thought you would only use this card. After all, cashback is just a psychological trick, a marketing gimmick, to keep you in their loop. But for someone who was looking for their first card, this looks like a good option.

I would avoid cashback creditcards. It will make you spend more money on things. Things that you don’t really need that bad.

I guess you have to choose between:

  • amex that is not accepted everywhere
  • only being able to spend cashback at ikea

For me cashback is nice to have, but not worth extra effort. As far as I understood some people on this forum have an amex cashback card + cumulus card, because of 0.2% vs 0.33%.

Do you use cash? For me it doesn’t really matter if I use a normal creditcard or a cashback credit card. I don’t spend more.


These kind of micro-optimizations are misguided, IMO. 1% cashback is better than 0%, but 0.33 vs 0.20, forget about it. You should not have to think twice how you spend your money and time to manage it should also be minimal. Migros sends me these Rabatt coupons, I throw it right into the trash, I’ll buy the stuff when I need it, not when there’s a 5% reduction in price.


I spent maybe 5k in the last 10 years at IKEA. That would be a 50 CHF giftcard. Don’t know if it’s worth the hassle.

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I think you misinterpret how it works. If you spend, say, 5’000 CHF per month outside of IKEA, you will spend 60’000 per year, or 600’000 in 10 years. For that you will get 1% cashback, that is 6’000 CHF to spend in IKEA. So even with such high spending, there would for sure be enough furniture that you could buy over 10 years.


I think what makes this card stand out aren’t the rewards, but the complimentary travel insurance and purchase protection perks. It’s rare to find those kinds of benefits on a no-annual-fee credit card.

I would agree with Cortana that the psychology behind reward credit cards is to incentivize you to spend more. It takes a very disciplined person to not get caught in that trap. I pretty much only use credit cards for travel bookings, so complimentary insurance saves me more money than rewards.

For anyone interested, here’s a review of the Ikea Family credit card:


Those are the same you have with the Cumulus CC, right?

I think this card is not worth the hassle. I don’t buy that much stuff at Ikea, especially because some of the small stuff you can buy there is crap. Ikea is all about making cheap products, sometimes too cheap (pans, batteries on top of my mind).

No. The Cumulus card only comes with complimentary emergency medical evacuation/repatriation insurance. With the Ikea card you get compensation for extra costs resulting from trip interruptions/cancellations, which is the one travel insurance coverage I have ever actually used (and more than once). Also, you get purchase protection. So the Ikea card is really the first Swiss no-annual-fee credit card I’ve seen with really useful insurance benefits. But with regards to the rewards, I agree that cash back is much more useful. I pretty much only buy household and furniture items second-hand, so I very rarely spend at Ikea.

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I can’t find any info on their website though. I just found the text "Attractive supplementary insurance (find out more at ikea.ch/creditcard) " with an useless link.

If it’s true, I’ll probably cancel my cumulus card and use this only for flights. I don’t buy much at Ikea though.

Gotta compare the Ts&Cs. It’s important to note that the Ikea credit card does not have trip cancellation/interruption insurance. If you miss a trip (and the airline is not at fault), you won’t get your bookings reimbursed. Interestingly though, I’ve never been in that situation - it was always the airline at fault so I could never claim on the trip cancellation insurance. But the coverage for unexpected costs (which you get with the Ikea card) always came in handy in those situations for the expenses that weren’t covered by the airlines.

I can relate to the Ikea points being kind of useless, even at 1% of spending. The Cumulus points are much more useful (I use them to pay for municipal garbage bags). My ideal would be the Amex Cashback credit card with these insurances.

One card which I can highly recommend if you do a lot of traveling is the Libertycard Plus. I go it with a special promtion so paid half price permanently. It has pretty solid travel insurance perks (including trip interruption/cancellation), bicycle insurance and a car rental collision damage waiver, and the insurance applies even if you don’t use the card to pay for bookings. Just those benefits saved me a couple hundred francs per year. Plus around 1.6% rewards for public transportation, gas, and travel bookings redeemable for gas stations, SBB and SWISS vouchers, among others. But there is the annual fee.

After some struggle I’ve found something:


This doesn’t really help on my previous issue with a flight.

Also I’m not 100% sure what the card is covering since 100% of the flights originating or arriving in EU/Switzerland are equally covered by the airline insurance. Not sure for flights with middle stop (arab airlines)

Can you give us some real-world examples of what they paid, as you seem to have claimed a few times? I’ve always looked at these free insurances included with a (free) credit card as “we’ll reimburse you something if there is a volcano, hurricane & terrorist attack all at the same time, but only by hitherto unknown terrorist organisations & volcanoes, else all claims are void.”

That would be due to a medical emergency or funeral of close relative for example. That is covered by various 'Annulationsversicherungen" costing Fr 100-200 p.a.
No “free credit card” would offer that, surely?

further, the event that led to the cancellation must have been within the power of the airline to avoid.

Not really sure why an airline would cancel the flight if they could avoid it. Maybe if there weren’t enough bookings?

Also what does the with >4 hours warning mean? Does that only apply to cancellation? I would guess a delayed and then cancelled flight would be way more annoying/costly, than if it were known before going to the airport.

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