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IKEA Family Credit Card by Axis Bank
A niche, lifetime-free co-brand that only really pays off for regular IKEA shoppers — 6% back on IKEA purchases (paid in full, not EMI) is strong, but the card is otherwise a plain 1% general-spend card with no lounge access. It's a sensible pickup specifically for someone furnishing a home over time at IKEA, where the 6% reward rate and preferential 13% p.a. EMI option (used separately, not together) meaningfully undercut the cost of a large furniture purchase, but it adds little value as a general wallet card once outside IKEA and the monthly dining offer.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Movie & dining: Up to 15% off (capped at ₹500) via Dining Delights on a minimum order of ₹2,500, once a month
- Rewards rate: 1% base rate
Benefits by category
- 🍽️ Dining & food delivery
Up to 15% off, capped at ₹500, via Dining Delights on a minimum order of ₹2,500, usable once a month at partner restaurants
- ⛽ Fuel
1% fuel surcharge waiver on fuel transactions between ₹400–₹5,000, capped at ₹400 back a month
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: salaried, self-employed
- Age: 18–70
Fees & charges
- Rewards redemption fee: ₹99 redemption processing fee applies on EDGE Reward point redemptions
- Foreign currency markup: 3.5%
- Fuel surcharge waiver: 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹5,000, capped at ₹400/month
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- 1% fuel surcharge waiver on fuel transactions between ₹400–₹5,000, capped at ₹400 back a month
- Preferential 13% p.a. EMI conversion on IKEA purchases of ₹2,500 or more, available if converted within 60 days of the transaction — a lower rate than the typical 15-18% p.a. charged on standard EMI conversions
- 3 EDGE REWARD Points per ₹100 spent at IKEA India (6% effective rate) when paid in full rather than converted to EMI, since EMI conversions forfeit reward earning
- Up to 15% off, capped at ₹500, via Dining Delights on a minimum order of ₹2,500, usable once a month at partner restaurants
Pros
- + Strong 6% reward rate specifically on IKEA India purchases
- + Lifetime free with no joining or annual fee
- + Preferential EMI rate for larger IKEA purchases
- + Monthly Dining Delights discount adds incremental value beyond the IKEA-specific perks
Cons
- − EMI conversions don't earn reward points, undercutting the EMI benefit's own card
- − No lounge access or travel benefits
- − Value is narrow outside IKEA and the monthly dining offer
- − Flat 1% base rate on general spend trails most other lifetime-free Axis cards