Kotak 811 Credit Card

The Kotak 811 Credit Card is a new addition from Kotak Mahindra Bank, resembling the Kotak 811 #DreamDifferent Credit Card in rewards. With a Rs. 500 annual fee, it’s waived on spending Rs. 50,000. You’ll earn 0.5% on online and 0.25% on offline transactions. Spend Rs. 75,000 yearly for 750 Bonus Reward Points. Plus, enjoy insurance perks and fuel surcharge waivers.

Key Highlights of Kotak Mahindra Bank 811 Credit Card

The key highlights of the Kotak Mahindra Bank 811 Credit Card are:

  1. Card Type: It’s a lifetime free secured credit card backed by a Fixed Deposit.
  2. Credit Limit: You can get up to 90% of your Fixed Deposit amount, ranging from Rs. 9,000 to Rs. 16 lakh when applying online.
  3. Minimum FD amount: Rs. 5,555 for 811 saving account customers and Rs. 10,000 for Non-811 saving account customers.
  4. Benefits: Enjoy fuel and railway surcharge waivers, interest-free withdrawals, and balance transfer options.
  5. Rewards: Earn 2 reward points for every Rs. 100 spent online and 1 point for other purchases.
  6. Activation Offer: Receive 500 bonus reward points by spending Rs. 5,000 within 45 days of card activation.
  7. Milestone Program: Earn a Rs. 750 cashback or get 4 PVR tickets as you reach specific spending milestones.

Features and Benefits of Kotak Mahindra 811 Credit Card

Features of Kotak Mahindra 811 Credit Card:

  • No joining or annual fees.
  • Earn 500 bonus reward points upon activation and Rs.5,000 spend in 45 days.
  • Earn reward points on daily spending.
  • Spend Rs.75,000 in a year for Rs.750 cashback or 4 free PVR tickets.
  • Fuel and surcharge waiver.

Benefits of Kotak Mahindra 811 Credit Card:

  • Interest-free cash withdrawal (up to 90% of credit limit).
  • Rs.300 processing fee for every Rs.10,000 cash withdrawal.
  • First 48 days on cash advance are interest-free.
  • Balance transfer at Rs.349 processing fee.
  • No interest on fresh retail purchases after transfer.
  • 811 #DreamDifferent Shield: Card loss coverage up to Rs.50,000.
  • Add-On Cards with the same benefits.
  • Customizable credit limit for Add-On cards.
  • Fuel and railway surcharge waivers for specified transactions.

Kotak 811 Credit Card Fees and Charges

Key features of the recently launched Kotak 811 Credit Card:

  1. Annual Fee Waiver: Spend a minimum of Rs. 50,000 in the preceding year to have your annual fee waived off.
  2. Rewards Redemption Fee: No charges for redeeming rewards.
  3. Foreign Currency Markup: 3.5% of the transaction amount for foreign currency transactions.
  4. Interest Rates: 3.5% per month or 42% annually on outstanding balances.
  5. Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, with a maximum waiver of Rs. 3,500 per annum.
  6. Cash Advance Charges: Rs. 300 for every Rs. 10,000 withdrawn.
  7. Add-on Card Fee: Rs. 200, plus applicable taxes, for an add-on card.

Kotak Mahindra 811 Credit Card Eligibility

To submit an application for Kotak Mahindra 811 Credit Card, you need to meet the fundamental eligibility requirements specified by the bank:

  1. Primary Credit Card holder’s age range: 18 to 65 years.
  2. Add-on Card holder’s minimum age: 18 years.
  3. Available in select cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, and Pune.
  4. Applicants must be Indian residents.

Documents Required for Kotak 811 Credit Card

To apply for a Kotak 811 Credit Card, you will typically need the following documents:

1. Identity Proof:

  • Aadhaar card
  • Passport
  • Voter ID card
  • Driver’s license
  • PAN card

2. Address Proof:

  • Aadhaar card
  • Utility bills (electricity, water, gas, etc.)
  • Rental agreement
  • Passport
  • Voter ID card

3. Income Proof (varies based on the specific credit card and your income source):

  • Salary slips
  • Income tax returns
  • Bank statements
  • Form 16

4. Passport-sized photographs.

How to apply for Kotak 811 Credit Card

Applying for a Kotak 811 Credit Card is a breeze with these simple steps:

  1. Visit the bank’s official website and navigate to ‘explore products’ in the menu.
  2. Select ‘cards,’ followed by ‘credit cards.’
  3. Click on ‘apply new,’ fill in the necessary details.
  4. Submit the required documents, and once verified, your credit card will be delivered to you by mail.

Frequently Asked Questions (FAQs)

1. What is Kotak 811 Credit Card?

The Kotak 811 Credit Card is a credit card offered by Kotak Mahindra Bank. It is designed for customers who have a Kotak 811 savings account.

2. Who is eligible for a Kotak 811 Credit Card?

To be eligible for a Kotak 811 Credit Card, you need to have a Kotak 811 savings account. The eligibility criteria may vary, and it’s recommended to check with the bank for specific requirements.

3. How can I apply for a Kotak 811 Credit Card?

You can apply for a Kotak 811 Credit Card through the Kotak Mahindra Bank website or mobile app. The application process typically involves filling out an online form and submitting the necessary documents.

4. What are the key features of the Kotak 811 Credit Card?

The features of the Kotak 811 Credit Card may include rewards programs, cashback offers, fuel surcharge waivers, and other benefits. Check the specific card details for the complete list of features.

5. What is the credit limit on Kotak 811 Credit Card?

The credit limit on your Kotak 811 Credit Card is determined by the bank based on various factors, including your credit score, income, and other financial considerations.

6. How can I check my Kotak 811 Credit Card balance?

You can check your Kotak 811 Credit Card balance through the Kotak Mahindra Bank website, mobile app, or by contacting the customer service helpline.

7. What is the annual fee for Kotak 811 Credit Card?

The annual fee for the Kotak 811 Credit Card may vary depending on the specific card variant. Some cards may have no annual fees, while others may have a nominal fee.

8. How can I pay my Kotak 811 Credit Card bill?

You can pay your Kotak 811 Credit Card bill through various channels, including online banking, mobile banking, cheque payments, and automatic debit instructions. Check with the bank for the available payment options.

9. Is there a rewards program for Kotak 811 Credit Card?

Yes, Kotak 811 Credit Cards often come with a rewards program where you can earn points for your transactions. These points can be redeemed for various rewards, such as merchandise, vouchers, or discounts.

10. What should I do if my Kotak 811 Credit Card is lost or stolen?

In case your Kotak 811 Credit Card is lost or stolen, immediately contact the Kotak Mahindra Bank customer service helpline to report the loss. The bank will guide you through the process of blocking the card and issuing a replacement.