IKEA Family Credit Card by Axis Bank

Axis Bank · Closed to new applicants

A free co-brand card for IKEA Family members, now issued only to migrated Citi holders: 3 EDGE Reward points per ₹100 at IKEA, 2 on dining and 1 elsewhere, instant point redemption at IKEA via SMS, a 13% p.a. EMI rate on IKEA purchases and a 1% fuel surcharge waiver up to ₹400. No joining or annual fee.

Annual fee
Lifetime free
Joining fee
None
Base rate
1 EDGE Reward point per ₹100 on all other spends: 1 EDGE Reward points per ₹100 (about 0.2% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 23 Oct 2026

Main earn rates

  • 3 EDGE Reward points per ₹100 at IKEA: 3 EDGE Reward points per ₹100 (about 0.6% at cash value)
  • 2 EDGE Reward points per ₹100 on dining: 2 EDGE Reward points per ₹100 (about 0.4% at cash value)

Earns nothing on

  • No points on transportation (cabs and local transport)
  • No points on tolls, utilities, insurance, education, government, wallet, rent, fuel, gift cards, cash withdrawals or EMI conversions

Terms the calculator does not value

  • IKEA spend sits in no calculator bucket, so the 3-per-₹100 IKEA rate does not show up in a preset profile; the card is valued at 1 point per ₹100 and 2 on dining. A person who shops at IKEA gains ₹0.40 per ₹100 spent there over the base rate.
  • The 13% a year EMI rate on IKEA purchases and the instant SMS redemption at IKEA are not valued by the calculator.
  • The card is closed to new applicants; the calculator values the terms of a card issued today, which Axis does not offer outside the Citi migration.

Sources

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