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Ikea Family CITI Credit Card

Product Details
Credit Card Name : 

Ikea Family CITI Credit Card

Bank Name :

CITI Bank

Type :

Rewards Credit Card

Interest Rate : 

Interest Rate: 3.75% per month (i.e., 45.00% annualized)

Eligibility :

Need to be IKEA Family Member (Ikea's loyalty program).

Ikea Family CITI Credit Card
Pros
  • Welcome Benefits: Customers can get cashback of INR 1000 in their card account on spending Rs. 6000 or more within 30 days of card issuance.

  • Reward System: Get 3 reward points per INR 100 spent at Ikea. Value of 1 reward point: INR 0.20.  Ikea cashback rate: 0.6%. Get 2 reward points per INR 100 spent on dining transactions.  Dining cashback rate: 0.4%. Get 1 reward point on all other spends—a general cashback rate of 0.2%.

  • Other Benefits: 20% off at partner restaurants. 

  • Convert your ikea purchases into 48 months EMI @ 13 percent interest. 

Cons
  • No free movie tickets. 

  • No free airport lounge visits. 

Pros & Cons
Welcome Benefits

Customers can get cashback of INR 1000 in their card account on spending Rs. 6000 or more within 30 days of card issuance.

Rewards System

Reward System: Get 3 reward points per INR 100 spent at Ikea. Value of 1 reward point: INR 0.20.  Ikea cashback rate: 0.6%. Get 2 reward points per INR 100 spent on dining transactions.  Dining cashback rate: 0.4%. Get 1 reward point on all other spends. General cashback rate: 0.2%.

International Forex Markup

3.5%

Welcome Benefits and Reward System
Special Features

None.

Eligibility Criteria

Need to be IKEA Family Member (Ikea's loyalty program).

Benefits
  • Cashback.

  • Fuel surcharge waiver.

  • Dining discount. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?

Offline

  • You can sign up in store at one of the IKEA Family digital screens

  • You will receive a digital card on registration so you can start to enjoy the benefits straight away.

  • Your physical card will be sent to you within 4 weeks of registration.

Online


Contact Details

1860 210 2484

Account Opening and Procedure
IKEA Family Credit Card Citibank

The Ikea credit card comes with a low cashback rate, it does not offer any welcome benefit currently. It offers limited value add benefits. Overall the card has limited appeal.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Joining Fees: 0

  • Annual Fees: 0

  • Interest Rate: 3.75% per month (i.e., 45.00% annualized)

  • Cash Advance Charges: 2.5% of the transacted amount or Rs. 500 (whichever is higher). 

  • Late Payment Charges: 0-1300 depending on the amount outstanding. 

  • Foreign Currency Mark-up Fees: 3.5% on all foreign currency spends

Fuel Surcharge

1% fuel surcharge, reversed incase of fuel purchase at Indian Oil petrol pump. 

Billing Cycle

30 Days

Fees & Charges
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