Where and how to pay your IKEA credit card
You can pay your IKEA credit card bill online through the Synchrony Bank website, by phone, by mail, or in person at an IKEA store. The method you choose depends on how quickly you need the payment to post and whether you want to set up automatic payments.
Most cardholders pay online at synchronybank.com, which is the fastest way to see your payment reflected. You'll need your account number and routing information if you're paying from a bank account, or you can use a debit card. Payments made online typically post within one business day.
If you prefer not to go online, you can call Synchrony's customer service line at the number on the back of your card to make a payment by phone. You can also mail a check to the address listed on your statement, though mail payments take longer to arrive and post.
Key Takeaways
- Pay online at synchronybank.com using your bank account or debit card, and the payment posts within one business day.
- Call the number on the back of your card to pay by phone without creating an online account.
- Set up automatic payments through Synchrony to avoid late fees and ensure your bill is paid on time each month.
- Mail payments take seven to ten business days to arrive, so send them well before your due date if you choose this method.
- Late payments trigger a fee and can raise your interest rate, so prioritize paying by your statement due date.
Setting up automatic payments to avoid late fees
Automatic payments remove the risk of forgetting your due date and triggering a late fee. You can set this up through Synchrony's website by linking your bank account and choosing a payment amount and date each month.
You have three options: pay the full statement balance, pay a fixed amount you choose, or pay the minimum payment. Most people choose to pay the full balance automatically so they don't carry interest charges month to month. You can change or cancel automatic payments anytime through your online account.
If you're concerned about overdrafts, set the automatic payment date a few days after you typically receive income. Synchrony will attempt the payment on the date you choose, and if it fails due to insufficient funds, you'll receive a notice so you can make a manual payment instead.
Understanding your statement and due date
Your IKEA credit card statement closes on a specific date each month, and you have a grace period before the payment is due. The due date is typically 21 to 25 days after the statement closes, and it's printed on your statement and visible in your online account.
If you pay the full statement balance by the due date, you won't be charged interest on purchases. If you carry a balance into the next month, interest accrues daily on the remaining amount at your card's annual percentage rate (APR). The APR for IKEA credit cards varies based on your creditworthiness and current promotional offers.
Your statement shows the opening balance, all purchases and credits, fees, interest charges, and the amount due. Review it for accuracy each month, and report any unauthorized charges to Synchrony within 60 days of the statement date.
What happens if you miss a payment
A payment is considered late if it arrives after your due date. Synchrony charges a late fee (the amount varies but is typically $25 to $40 for the first late payment) and reports the late payment to credit bureaus, which can lower your credit score.
If your payment is 30 days late, Synchrony may increase your APR to a penalty rate, which is higher than your regular rate. This penalty rate applies to your existing balance and any new purchases. If you miss a payment, contact Synchrony as soon as possible — sometimes they will waive a single late fee if you have a good payment history and can pay immediately.
If your account reaches 60 days past due, Synchrony may freeze your account and stop allowing new purchases. At 180 days past due, the account may be closed and sent to collections, which has serious consequences for your credit and may result in legal action to recover the debt.
Payment timing and when money posts to your account
The timing of your payment depends on the method you use and when you submit it. Online payments made before 8 p.m. Eastern Time on a business day typically post the next business day. Payments made on weekends or after 8 p.m. post the following business day.
Phone payments work the same way — call before 8 p.m. Eastern Time on a business day for next-day posting. Mail payments take seven to ten business days from the time Synchrony receives them, so send your check at least two weeks before your due date to be safe.
If you're close to your due date and worried about timing, pay online or by phone rather than by mail. Synchrony's system shows your payment as received on the day it posts, not the day you submitted it, so a payment that posts on the due date is on time.
Using promotional financing offers and how payments work
IKEA frequently offers promotional financing — typically 0% APR for a set period (often 12, 24, or 36 months) on purchases over a certain amount. If you use a promotional offer, you must pay at least the minimum payment each month to keep the 0% rate active.
If you miss a payment during the promotional period, the 0% offer ends immediately and the regular APR applies to your entire balance, including the portion you haven't paid yet. This can result in a large interest charge retroactively, so treat promotional financing as a commitment to on-time payments.
Your statement clearly shows which portion of your balance is under the promotional rate and which is not. If you have multiple promotional periods active (from different purchases), each has its own terms and end date. Pay close attention to when each promotion expires so you can plan to pay off that balance before interest kicks in.
Paying more than the minimum to reduce interest
The minimum payment is the smallest amount you can pay to keep your account in good standing, but it's usually not enough to pay off your balance quickly. If you carry a balance, paying more than the minimum reduces the interest you'll owe and gets you out of debt faster.
For example, a $2,000 balance at 20% APR with only minimum payments could take years to pay off and cost hundreds in interest. Paying an extra $50 or $100 per month dramatically shortens the payoff timeline and reduces total interest. Use the payoff calculator on Synchrony's website to see how different payment amounts affect your timeline.
If you're carrying a balance, prioritize paying down the IKEA card before using the card for new purchases. Once the balance is paid off, use the card strategically — pay the full statement balance each month to avoid interest charges and take advantage of any rewards the card offers.
Frequently Asked Questions
Can I pay my IKEA credit card bill at an IKEA store?
Some IKEA locations accept in-store payments, but this is not available at all stores. Call your local IKEA or check the Synchrony website to confirm whether your store location offers this service. For most people, paying online or by phone is faster and more reliable.
What's the difference between the statement due date and the payment posting date?
The due date is when your payment must arrive to be on time. The posting date is when Synchrony records the payment in your account. A payment that posts on or before the due date is on time, even if you submitted it a few days earlier.
Will paying early hurt my credit score?
No. Paying early or paying more than the minimum has no negative effect on your credit. In fact, paying off your balance faster reduces your credit utilization ratio, which can improve your score over time.
What should I do if my online payment fails?
If a payment fails, Synchrony sends a notice explaining why — usually insufficient funds or an incorrect account number. Log into your account to see the failure reason, correct the issue, and resubmit the payment. If you're close to your due date, call Synchrony to make a phone payment instead.
Can I pay my IKEA credit card with a credit card or gift card?
No. Synchrony does not accept credit card or gift card payments for your bill. You can pay with a bank account, debit card, or check. Paying a credit card bill with another credit card typically incurs a cash advance fee and higher interest rate anyway.