IKEA® Projekt credit card Current Credit Card Agreements

On the record for IKEA® Projekt credit card Current Credit Card Agreements: a 21.99% purchase APR and no annual fee, filed by Comenity Capital Bank. The purchase rate sits at roughly the 49th percentile of the 4,587 agreements indexed here.

The disclosed terms

This page covers the agreement Comenity Capital Bank filed for IKEA® Projekt credit card Current Credit Card Agreements. The filing runs 12 pages.

Terms captured from the document include a purchase rate, an annual fee line and a late payment maximum. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

Where the purchase APR sits

At 21.99%, the purchase APR falls at roughly the 49th percentile of the 2,280 filings indexed here, which is unremarkable against the rest of the set.

What the rate means in dollars

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $246 in interest.

That is almost exactly what a median-priced filing in this index would charge on the same balance, since the corpus median sits at 21.99%.

Per statement cycle that is on the order of $18.23 on $1,000, which is the number that actually shows up on a bill.

Small balances do not get a proportionally small bill — the agreement imposes a $3 minimum interest charge in any month where interest applies.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Where the fees are

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

The downside terms

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

The no-interest path

Where interest applies at all, the filing bills at least $3. On a tiny balance that floor can dwarf the rate itself.

The issuer's other agreements

There are 100 filings from Comenity Capital Bank in this index. Across that lineup purchase rates span 14.74% to 35.99%; this filing's 21.99% sits above 3 of the comparable ones.

On fees, 34 of the 89 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What the filing does not tell you

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and a grace period. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

This summary stands or falls on the linked PDF — 12 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 21.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.