IKEA Family Credit Card by Citi
KeepLifetime free, and the only Citi card whose fee Axis will say out loud: zero.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Citibank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
2 notes on the card itself: how it is issued · why it ranks #806
Why #806 A lifetime-free furniture co-brand, and the only card in the Citi family whose fee Axis will actually state out loud. Carried as part of the closed Citi set; the flat-pack is the whole proposition and always was.
The take
The odd one out in every direction. It is the newest card in the Citi family, the only one that costs nothing, the only one whose fee Axis states as an amount rather than as a promise that it has not changed, and the only one aimed at a shop that sells bookshelves. Its ending is the family's: Citi sold its Indian consumer business to Axis Bank, every card relationship completed migration on 15 July 2024, and since that day the Citi-branded plastic has run the IKEA Family Credit Card by Axis Bank's terms — Axis's own words are that you "start enjoying the benefits of your new IKEA Family Credit Card by Axis Bank immediately on your existing Citi-branded Credit Card". The handover was gentle: points converted one-for-one into EDGE REWARDS, balances held on migration day never expire, and the fee stayed at nothing. There is a genuine oddity worth knowing if you are comparing this page against the successor's. The successor's page on this board carries no rate at all, because Axis has never published a rewards table for it — the card appears in Axis's Schedule of Charges three times and all three are charges. This page's source document, by contrast, spells the accrual out. Same card, two Axis documents, one of which pretends the other does not exist. Neither page will print a rate the issuer has not put beside the right card name, which is why both are carried and neither is valued.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Citibank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Lifetime free, stated as an amount rather than implied — Axis's own migration page says you 'continue to enjoy zero annual fees'
- Balances converted one-for-one into EDGE REWARDS and everything held on migration day never expires
- A 13% a year interest rate on EMI conversions for purchases made at IKEA stores, against the unsecured card norm of roughly 42%
Watch out
- WITHDRAWN — Citi India's consumer book was sold to Axis Bank and every card relationship completed migration on 15 July 2024
- Nothing here is valued, because what this plastic earns is the successor card's rewards in its currency — that card is on this board too
- No lounge access, no transfer partner and no forex concession: this is a furniture co-brand and never pretended otherwise
- The redemption is at IKEA stores by SMS, so the points are effectively a store credit rather than a bank currency
- Points earned after migration expire three years out, and sooner if you go 365 days with no transaction, no redemption and no EDGE REWARDS login
What these points actually fly
Citibank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
You cannot. Citi stopped issuing Indian consumer cards on the sale of the business to Axis Bank, and migration of every card relationship completed on 15 July 2024. The card Axis offers former holders is the IKEA Family Credit Card by Axis Bank, which is on this board — carried and not valued, because Axis publishes no rewards table for it under that name.
Citibank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
7 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 15 Apr 2021Citi announces exit from Indian consumer bankingCiti credit cards, retail and wealth in India → Consumer business up for sale (later to Axis)
Citi called time on its Indian consumer arm — including its cult PremierMiles and Rewards cards — citing a lack of scale. The portfolio would eventually pass to Axis, ending one of India's most-loved rewards ecosystems.
- 12 Oct 2019Citi India guts reward earning on utilities, insurance, and tax
- 1 Dec 2017Citi PremierMiles' 10X 'Extra' partner program dies for good
- 1 Apr 2016Citi Prestige strips Etihad Guest Gold and partner perks
- 1 Feb 2015Citi PremierMiles doubles the cost of transferring to airline partners
- 16 Jul 2012Citibank kills Jet Airways co-brand, pivots to PremierMiles
- 16 Jul 2012Citibank Retires 13-Year Jet Airways Co-Brand, Launches PremierMiles
Every Citibank change we've dated → 7 events since 2012, 4 of them nerfs — worst year 2019.
Verified against Citibank's own documents on
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 3 of them, each with the day we read it
- official Axis Bank's live migration page for this card — "You will continue to enjoy zero annual fees", plus the accrual table and the 13% IKEA EMI rate
- official Citi–Axis migration FAQ (June 2024) — "IKEA Family Credit Card by Citi | IKEA Family Credit Card by Axis Bank | 1 Reward Point = 1 EDGE REWARD Point"
- official "Forward Together", Axis Bank's Citi-transition site — the transfer of Citi's Indian consumer business "is now complete"