An Ipswich man who allegedly stole a bank card at knife-point and assaulted two people after it later declined will now face court on Christmas Day.

It will be alleged the 35-year-old threatened another man on Clifton Street, Booval, with a cut-throat razor around 8.20am, demanding his wallet before emptying the contents on the ground and taking off with an eftpos card.

The man allegedly stole an eftpos card at knife-point before assaulting two people while trying to flee with another knife he later tried to purchase with it. Credit:Queensland Police Service

About 10 minutes later the Booval resident allegedly entered a store on South Station Road and attempted to buy a survival knife but the stolen eftpos card was declined.

Police alleged he then tried to leave without paying but a male employee and a customer stopped him.