IKEA Family Axis Bank Credit Card
IKEA Family Axis Bank Credit Card was a lifetime-free co-brand for regular IKEA shoppers, though it's important to know upfront that Axis has since withdrawn it — the product page redirects to the generic Axis credit-card hub, it's absent from both the current card lineup and the site's sitemap, and there's no way to apply for a new one anymore. For existing holders, the card pays 3 Axis EDGE Reward Points per ₹100 spent at IKEA, 2 points per ₹100 on dining, and a flat 1 point per ₹100 everywhere else. Since each EDGE point is worth roughly ₹0.20, even the accelerated IKEA rate only works out to about 0.6% in real value — the card's actual appeal was always that it cost nothing to hold, not that it earned particularly well. On top of the points, cardholders get IKEA Family membership perks and access to low-cost EMI on IKEA purchases of ₹2,500 or more, plus a 1% fuel surcharge waiver. Rent, fuel, utilities, insurance and wallet loads are excluded from earning, and there's no airport lounge access on this card at all.
Key features
The essentials, for anyone who already holds this card.
0.6% on IKEA purchases
3 EDGE Reward Points per ₹100 spent at IKEA
0.4% on Dining
2 EDGE Reward Points per ₹100 on dining
Lifetime Free
No annual fee ever — zero recurring cost to hold, though new applications are no longer accepted.
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 0.6% | — |
| Dining | reward points | 0.4% | — |
| Other | reward points | 0.2% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
Should you get it?
Best for: existing cardholders who shop regularly at IKEA, and anyone already using the low-cost EMI option on IKEA furniture purchases.
An entry-tier card, well suited to first-time and lower-spend users — though it's no longer available to new applicants.
Value is strongest for shoppers who route spend through IKEA specifically.
✓ Pros
- Lifetime free — no joining or annual fee
- 3 EDGE points per ₹100 at IKEA, 2 per ₹100 on dining
- IKEA Family membership perks plus low-cost EMI on IKEA purchases of ₹2,500 and above
- 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000
✕ Cons
- Withdrawn by Axis — the product page is gone and there's no way to apply for a new one
- EDGE points are worth only about ₹0.20 each, so even the IKEA rate is a modest ~0.6% in value
- Spending outside IKEA earns just a token 1 point per ₹100
- No airport lounge access
Eligibility & documents
Age
21–60 years
Employment
type: Salaried · Self-employed
Minimum income ₹15,000/month
Documents required
- PAN card
- Aadhaar or other valid address proof
- Bank statements for the last 3 months
- Income proof — salary slips for salaried applicants, ITR for self-employed
- Recent passport-size photograph
How to redeem rewards
Ways to turn points into value.
🎁 Axis EDGE Rewards catalogue — vouchers, merchandise and statement credit, at roughly ₹0.20 per point
🎁 IKEA purchases through the EDGE Rewards catalogue, at variable redemption value
What your Axis EDGE Reward Points are worth
Realistic per-point value across redemption routes. EDGE Rewards cashback (standard EDGE Reward Points): ₹0.20/pt EDGE Rewards vouchers (gift-voucher catalogue): ₹0.20/pt Travel EDGE portal (flights & hotels): ₹0.20/pt The catch: this card has been withdrawn from Axis's lineup — its product page is gone, and outside the IKEA-specific rate, the earn structure was never particularly strong to begin with.
The bottom line
This card made sense precisely because it cost nothing — a modest 3 points per ₹100 at IKEA (roughly 0.6% in EDGE value), combined with IKEA Family EMI and membership perks, was pure upside for a regular IKEA shopper with no fee to justify. It was never meant to be a strong earner: EDGE points are worth only ₹0.20 each, the off-IKEA rate is a token 1 point per ₹100, and there's no lounge access. That said, since Axis has withdrawn the card entirely, this is now purely a reference guide for people who already hold it.
Frequently asked questions
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