The recently introduced Kotak 811 Credit Card by Kotak Mahindra Bank serves as an introductory-level card. It closely resembles the Kotak 811 #DreamDifferent Credit Card, a secured card linked to a Fixed Deposit, in terms of the rewards and perks it provides. The Kotak 811 Credit Card carries a yearly membership fee of Rs. 500, which is exempted upon reaching a minimum annual expenditure of Rs. 50,000. This card presents a 0.5% reward rate for online transactions and a 0.25% reward rate for offline purchases made with the card.
In addition to the reward rates, cardholders can enjoy a milestone benefit of 750 Bonus Reward Points by spending at least Rs. 75,000 in the preceding membership year. Beyond this, the card encompasses various advantages such as insurance benefits, fuel surcharge waivers, and more.
Table of Contents
Benefits and Features of Kotak 811 Credit card
| Benefits and Features | Kotak 811 Credit card |
|---|---|
| Welcome Benefits | As a welcome perk, you’ll receive 500 Bonus Reward Points when you spend Rs. 5,000 within the initial 45 days of card issuance. |
| Cashback/Rewards Points | Accumulate 1 Reward Point for every Rs. 100 spent offline and 2 Reward Points for each Rs. 100 spent online. |
| Travel Benefits | N/A |
| Dining Benefits | N/A |
| Domestic Lounge Access | N/A |
| International Lounge Access | N/A |
| Movie Benefits | Achieve 4 PVR tickets by reaching a spending threshold of Rs. 75,000 within a year. |
| Insurance Benefits | Benefit from Lost Card Cover up to Rs. 50,000 if reported within 7 days of card loss. |
Railway Surcharge Waiver
The IRCTC website/app grants a waiver of 1.8% surcharge on rail ticket bookings, while railway counter bookings enjoy a 2.5% surcharge exemption. The maximum waiver amount is limited to Rs. 500 within a calendar year.
Welcome Benefit
Receive 500 Bonus Reward Points upon making a minimum expenditure of Rs. 5,000 within the initial 45 days of receiving your card.
Milestone Benefit
Should you reach a minimum expenditure of Rs. 75,000 with the card during a specific membership year, you have the option to select one of the following two milestone benefits:
- Enjoy 4 complimentary PVR tickets.
- Receive a cashback of Rs. 750.
Eligibility & Document for Kotak 811 Credit card
Read the article on CardsPreview.com for Kotak 811 card Eligibility and document here.
Fees & Charges
| Fees & Charges | Kotak 811 Credit card |
|---|---|
| Joining fee | Rs. 500 |
| Annual fee | Rs. 500 |
| Fee waiver | The annual fee is waived if you spend a minimum of Rs. 50,000 in the preceding year. |
| Fuel surcharge | Enjoy a 1% waiver on fuel surcharge for transactions ranging from Rs. 500 to Rs. 3,000. |
How to Apply for Kotak 811 Credit Card
You can apply online or offline for this Kotak 811 card.
Online – Visit Kotak Bank’s official website and apply for this credit card.
Offline – You can visit the nearest Kotak Bank branch with all the necessary documents for the Kotak 811 Credit card.
Conclusion
The Kotak 811 Credit Card emerges as an attractive option for young professionals and millennials who are new to credit, offering an entry-level solution with relatively lenient eligibility criteria.
While comparable to its secured counterpart, the 811 #DreamDifferent Credit Card, in terms of rewards and benefits, the unsecured variant imposes a nominal annual fee of Rs. 500, unlike the secured version with no annual fee.
Beyond a respectable reward rate, the card extends various privileges, including milestone benefits like complimentary movie tickets.
With its modest annual fee and fundamental features, this card proves to be an excellent choice for those venturing into the realm of credit cards and seeking a straightforward starting point.
If you have any queries or uncertainties about this card and its features, feel free to ask in the comments section below!
