The IKEA Store Card minimum payment is $29 ($35 if you were charged a late fee) or the past due amount plus 3.5% of plan balance at the end of billing period rounded up to nearest $1 (minimum $5).
Balance below $29: If your statement balance is less than $29 ($35 if you were charged a late fee during the prior six billing periods), the IKEA Store Card minimum payment will be equal to the balance.
Balance over $29: If your balance is more than $29 (or $35 if you were charged a late fee during the prior six billing periods), the minimum payment is the past due amount plus 3.5% of plan balance rounded up to nearest $1 (minimum $5).
Your minimum payment may be different if you choose one of the IKEA Store Card’s financing plans. In any case, you can find how much exactly your minimum payment is on your monthly statement.
Lastly, keep in mind that, if you recently missed a payment, the issuer may add a late fee (up to $40) to your minimum payment.
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