.png)
Welcome Benefits: Customers can get cashback of Rs 1000 in their card account on spending Rs 6000 or more within 30 days of card issuance.
.png)
.png)
.png)
.png)
.png)
.png)
Ikea Family Citi Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Customers can get cashback of Rs 1000 in their card account on spending Rs 6000 or more within 30 days of card issuance.
Milestone Benefits
None.
Cashback Rate
Users will get 3 reward points per INR 100 spent at Ikea.
Value of 1 reward point: INR 0.20. Ikea cashback rate: 0.6%.
Users will get 2 reward points per INR 100 spent on dining transactions. Dining cashback rate: 0.4%.
Users will get 1 reward point on all other spends. General cashback rate: 0.2%.
20% off at partner restaurants.
Movie Benefits
None.
Dining Benefits
Reward System: Users can get 3 reward points per Rs 100 spent at Ikea. Value of 1 reward point: Rs 0.20. Ikea cashback rate: 0.6%. 2 reward points per Rs 100 spent on dining transactions. Dining cashback rate: 0.4%. Users can get 1 reward point on all other spends—a general cashback rate of 0.2%.
Other Benefits
Users can convert their Ikea purchases into 48 months EMI @ 13% interest.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Customers can get cashback of Rs 1000 in their card account on spending Rs 6000 or more within 30 days of card issuance.
Milestone Benefits
None.
Cashback Rate
Users will get 3 reward points per INR 100 spent at Ikea.
Value of 1 reward point: INR 0.20. Ikea cashback rate: 0.6%.
Users will get 2 reward points per INR 100 spent on dining transactions. Dining cashback rate: 0.4%.
Users will get 1 reward point on all other spends. General cashback rate: 0.2%.
20% off at partner restaurants.
Movie Benefits
None.
Dining Benefits
Reward System: Users can get 3 reward points per Rs 100 spent at Ikea. Value of 1 reward point: Rs 0.20. Ikea cashback rate: 0.6%. 2 reward points per Rs 100 spent on dining transactions. Dining cashback rate: 0.4%. Users can get 1 reward point on all other spends—a general cashback rate of 0.2%.
Other Benefits
Users can convert their Ikea purchases into 48 months EMI @ 13% interest.
Lounge Access
None.
Fees & Charges
Joining Fee
0
Annual Fee
0
Cash Advance Fee
2.5% of the transacted amount or Rs. 500 (whichever is higher).�
Interest rate
Interest Rate: 3.75% per month (i.e., 45.00% annualized)
Late Payment Fee
Late Payment Charges: 0-1300 depending on the amount outstanding.
Foreign Currency Transactions Fee
Foreign Currency Mark-up Fees: 3.5% on all foreign currency spends
Other Fees
Cash Advance Charges: 2.5% of the transacted amount or Rs. 500 (whichever is higher).
Fees & Charges
Joining Fee
0
Annual Fee
0
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 3.75% per month (i.e., 45.00% annualized)
Late Payment Fee
Late Payment Charges: 0-1300 depending on the amount outstanding.
Foreign Currency Transactions Fee
Foreign Currency Mark-up Fees: 3.5% on all foreign currency spends
Other Fees
Cash Advance Charges: 2.5% of the transacted amount or Rs. 500 (whichever is higher).
Special Features
None.
Eligibility Criteria
Need to be IKEA Family Member (Ikea's loyalty program).
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
Online: You can apply for the card directly on the Citibank India website https://www.online.citibank.co.in/credit-card/rewards/citi-shoppers-stop-first-citizen-credit-card.
Contact Details
1860 210 2484
Account Opening and Procedure
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.
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
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai