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The IKEA Family Credit Card by Axis Bank is a unique and budget-friendly credit card designed especially for IKEA shoppers in India. This lifetime free card offers excellent rewards on IKEA purchases, making it a perfect fit for those who love to shop for home furnishings and décor. Cardholders can enjoy the benefits without worrying about annual costs with no joining or renewal fees. The card also provides a decent rewards structure with 3 EDGE Reward Points for every ₹100 spent at IKEA and additional rewards on dining, making it versatile for occasional diners.

Despite the primary area being IKEA purchases, the card also includes a dining discount program, offering up to 15% off on dining through EazyDiner. However, it is essential to note that the card does not cater to travel, lounge access, or other luxury perks, which makes it less suitable for those seeking comprehensive benefits. Overall, the IKEA Family Credit Card is an excellent choice for budget-conscious shoppers who frequently visit IKEA and enjoy occasional dining out.

(4.5/5)

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping |

Reward Type

Reward Points |

Welcome Benefits

None

Movie & Dining

15% Discount on Dining

Rewards Rate

3 EDGE Reward Points/₹100 for Spends With IKEA. 2 EDGE Reward Points/₹100 Spent on Dining.

Reward Redemption

Exclusive SMS-Based Redemption on IKEA Purchases

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

Spend-Based Waiver

N/A

Rewards Redemption Fee

N/A

Rewards Redemption Fee

N/A

Foreign Currency Markup

3.5%

Interest Rates

3.6% Monthly (52.86% Annually)

Fuel Surcharge

1% Fuel Surcharge Waiver on Transactions Between ₹400 to ₹5,000

Cash Advance Charges

2.5% (Minimum ₹500)

  • This is a lifetime free credit card most suited for those who like to shop at IKEA India.
  • 3 EDGE Reward Points/₹100 spent on IKEA purchases.

Pros

As a lifetime free card, this option is perfect for those who don’t frequently visit IKEA but do go occasionally.

Cons

This card primarily benefits IKEA purchases, but it does not offer other perks, such as dining or movies.

EDGE Reward Points

  • Earn 3 EDGE Reward Points/₹100 on spends made with IKEA India.
  • Earn 2 EDGE Reward Points/₹100 spent on dining.
  • 1 EDGE Reward Point/₹100 on all other eligible spends.
  • 1 EDGE Reward Point = ₹0.20

The following categories are not eligible for EDGE Reward Point earning with the IKEA Family credit card: transportation and tolls, Utilities, Insurance, Educational Institutions, Government Institutions, Wallet, Rent, and Fuel.

Dining Discounts With EazyDiner

IKEA Family Credit Card by Axis Bank cardholders can receive up to 15% off up to ₹500 through the Dining Delights program. The Minimum Order Value is ₹2500. This offer is valid once per card per month.

Preferential Rate for EMI Conversions on IKEA Purchases

Spends made at IKEA stores using the IKEA Family Credit Card by Axis Bank are eligible for EMI conversion at a preferential interest rate of 13% p.a. within 60 days of the original transaction. The minimum transaction amount is ₹2,500.

Tenure Rate of EMI Conversions (Per Annum)
3 13%
6 13%
9 13%
12 13%
18 13%
24 13%

IKEA Family Credit Card Review

The IKEA Family Credit Card is a great option for IKEA shoppers. It has no annual fees, making it a budget-friendly choice. When you make purchases at IKEA, you earn points that can lead to discounted future shopping. Additionally, the card offers a nice discount at select restaurants for those who enjoy dining out.

However, it’s primarily beneficial for buying furniture and home items at IKEA. If you’re seeking a card with travel perks or benefits for a wide range of purchases, this may not be the most suitable choice. Nevertheless, for IKEA enthusiasts, it’s an excellent option!

FAQs:

Yes, the IKEA Family Credit Card is a lifetime free offering by Axis Bank. This means you won't have to pay annual fees or charges.
Earn 3 EDGE Reward Points per ₹100 spent at IKEA India. Also, earn 2 EDGE Reward Points per ₹100 spent on dining.

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