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Yes. Ikea Visa Credit Card rewards expire after 36 months after the date that they are posted to your account. Moreover, you can't redeem earned rewards at any amount. The minimum redemption rate is $15. After you earn $15 in rewards, you will get $15 Reward Certificate that can only be used at Ikea. Your Reward Certificate can also expire in only 45 days after it was issued. If you do not want your rewards to expire and need more redemption freedom, consider applying to the general rewards credit card.