Axis Bank
Classic · IKEA Family
IKEA Family Axis Bank Credit Card
Axis Bank
3X rewards at IKEA, 2X on dining, lifetime free
Annual Fee
Free
Joining Fee
Free
Reward Rate
0.4%
Forex Markup
3.5%
Value Analysis
Annual Net Value
₹2,500
Total Annual Benefits
₹2,500
Total Annual Charges
₹0
ROI
0%
Card Analytics
Visual breakdown of value, benefits, and limits
Value Breakdown
Benefits Distribution
Transaction Limits
Card Scorecard
Charges Breakdown
No charges applicable
Benefits & Perks
Shopping Benefits (1)
3 EDGE Points per ₹100 at IKEA
Earn 3 EDGE Reward points per ₹100 at IKEA stores and online
- • Valid at IKEA stores and ikea.com/india
3 EDGE per ₹100
Dining Benefits (1)
2 EDGE Points per ₹100 on Dining
Earn 2 EDGE Reward points per ₹100 on all dining and restaurant spends
- • Valid at restaurants and dining outlets
2 EDGE per ₹100
Fuel Benefits (1)
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between ₹400–₹4,000
- • Valid on transactions ₹400–₹4,000
- • Max ₹250 per statement cycle
1% waiver
₹3,000/yr
Reward Program
Program
Axis EDGE Reward Points
2–3 EDGE per ₹100
Effective cashback: 0.40%
Points expire: 3 years from date of accrual
Redemption Options
- → Products & Gift Vouchers via Edge Rewards portal
- → Statement credit
Bonus Categories
IKEA
1.5x multiplier
3 EDGE per ₹100
Dining
1x multiplier
2 EDGE per ₹100
Fees & Charges
| Charge | Amount |
|---|---|
| Joining Fee | Free Nil |
| Annual Fee | Free Nil (LTF) |
| Add-on Card Fee | Free Free |
Transaction Charges
- Forex Markup
- 3.5%
- Interest Rate (Monthly)
- 3.6%
- Late Payment Fee
- ₹750
- Cash Advance Fee
- 2.5%
ATM Charges
- Own Bank Withdrawal
- ₹250
- Other Bank Withdrawal
- ₹250
- Intl. Withdrawal Fee
- 2.5% + ₹250
Fuel Surcharge Waiver
1% waiver on transactions between ₹400 – ₹4,000. Max waiver: ₹250/cycle.
Eligibility
Requirements
- Min. Monthly Income
- ₹15,000
- Min. Annual Income
- ₹1,80,000
- Min. Credit Score
- 650
- Age Range
- 18 – 65 years
- Employment
- Salaried, Self-Employed
Notes
- • Salaried: Net Monthly Income > ₹15,000
- • Self-Employed: ITR > ₹1.8 Lakh p.a.
- • Age 18–65 years
- • Lifetime free card with no annual fee
- • Ideal for IKEA shoppers
Insurance Coverage
Lost Card Liability
₹1.0 L
Report within 24h
- • Lost card liability: ₹1 Lakh
- • Report loss within 24 hours for coverage
Transaction Limits
ATM Withdrawal / Day
₹40,000
POS & E-Commerce / Day
₹2,00,000
Contactless / Txn
₹5,000
Features
Lifetime free (LTF) Contactless payments EMV chip security Domestic acceptance Add-on cards available EMI conversion facility IKEA co-branded shopping rewards Dining rewards Zero annual fee
EMI Options
Min. Transaction
₹2,500
Interest / Month
1.5%
Tenure Options
3, 6, 9, 12 months
Processing Fee
1%
Ready to Apply?
The IKEA Family Axis Bank Credit Card is a Visa Classic tier lifetime-free co-branded card offering 3 EDGE Reward points per ₹100 at IKEA stores and o...
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