Kotak 811 #DreamDifferent Credit Card

Introducing the Kotak 811 #DreamDifferent Credit Card, a secure offering from Kotak Mahindra Bank designed to provide card members with fantastic rewards. This credit card stands out by waiving both joining and renewal fees, offering the added advantage of earning bonus reward points through welcome benefits. For every Rs. 100 spent, cardholders earn 1 Reward Point, with the perk of 2x Reward Points for all online transactions. Conveniently redeem your accumulated Reward Points through the bank’s website. Additionally, the card presents opportunities to earn enticing rewards and benefits through its milestone program.

Key Highlights of Kotak 811 #DreamDifferent Credit Card

1. Card Type: Lifetime Free Secured Credit Card (Backed by FD)
2. Credit Limit: 90% of FD (Rs 9,000 to Rs 16 lakh – applicable for online applications)
3. Minimum FD Amount:

  • Rs 5,555 for 811 saving account customers
  • Rs 10,000 for Non-811 saving account customers

4. Benefits:

  • Fuel and Railway surcharge waiver
  • Interest-free withdrawals
  • Balance transfer facility

5. Rewards:

  • Earn 2 reward points for every Rs. 100 spent on online transactions
  • Earn 1 reward point for every Rs. 100 spent on other* transactions

6. Activation Offer:

  • Earn 500 bonus reward points upon activating the credit card
  • Spend Rs. 5,000 through the card within 45 days of activation to qualify

7. Milestone Program: Earn Cashback of Rs. 750 or receive 4 PVR Tickets as part of the milestone program

Features and Benefits of Kotak 811 #DreamDifferent Credit Card

The Kotak 811 #DreamDifferent Credit Card offers several features and benefits:

1. No Fees: No joining or annual fees are required.

2. Bonus Reward Points:

  • Earn 500 bonus reward points upon card activation.
  • Spend Rs.5,000 within 45 days to qualify for the bonus.

3. Daily Spending Rewards:

  • Earn 2 reward points for every Rs.100 spent online.
  • Earn 1 reward point for every Rs.100 spent on other transactions.

4. Cashback and PVR Tickets:

  • Cashback of Rs.750 or 4 free PVR tickets for spending Rs.75,000 in a year.

5. Fuel and Surcharge Waiver:

  • Enjoy fuel and surcharge waiver benefits.

6. Interest-Free Cash Withdrawal:

  • Withdraw up to 90% of the credit limit with no charges.
  • Rs.300 processing fee for every Rs.10,000 withdrawal.

7. Interest-Free Cash Advance: First 48 days on cash advance are interest-free.

8. Balance Transfer:

  • Rs.349 processing fee for every Rs.10,000 transferred.
  • No interest on fresh retail purchases using the card.
  • Instant balance transfer through Customer Care.

9. 811 #DreamDifferent Shield:

  • Card loss cover up to Rs.50,000 if reported within 7 days.
  • Call Customer Contact Centre to block or deactivate the card.

10. Add-On Cards:

  • Add-on cards enjoy the same benefits.
  • Track spending separately and set custom credit limits.

11. Fuel and Railway Surcharge Waiver:

  • 1% waiver on petrol transactions (Rs.500 – Rs.3,000), max Rs.3,500 yearly.
  • 1.8% waiver on IRCTC website transactions, 2.5% for railway counter bookings, max Rs.500 yearly.

Kotak 811 #DreamDifferent Credit Card Fees and Charges

Explore the fee structure for the Kotak 811 #DreamDifferent Credit Card and discover the financial advantages that come with it.

  1. Membership Fees: No joining fees.
  2. Annual Fees: Nil annual fees.
  3. First-Year Fee Waiver: No conditions for waiving annual fees in the first year.
  4. Second-Year Fee Waiver: No conditions for waiving annual fees in the second year.
  5. Add-on Card Fees: No charges for add-on cards.
  6. Interest Rate on Outstanding Balances: 3.50% of the total balance due annually (Equivalent to 42% annual interest).
  7. Minimum Amount Due (MAD): MAD is set at 10%.
  8. Transaction Charges: For ATM Cash Withdrawal, Call a Draft, Fund Transfer, or Cash Advance per Rs. 10,000 or part thereof, a fee of Rs. 300 applies.
  9. Late Payment Charges:
  • Rs. 100 for statements less than or equal to Rs. 500.
  • Rs. 500 for statements ranging between Rs. 500.01 and Rs. 10,000.
  • Rs. 700 for statements above Rs. 10,000.

Eligibility Criteria for Kotak 811 #DreamDifferent Credit Card

Here are essential criteria for applying for an Kotak 811 #DreamDifferent Credit Card:

  1. Age Requirement: Both primary and add-on credit card applicants must be at least 18 years old.
  2. Residency Criterion: The applicant should be a resident of India.
  3. Minimum Fixed Deposit (FD): A minimum Fixed Deposit (FD) amount of Rs. 10,000 is mandatory for eligibility.

Documents Required for Kotak 811 #DreamDifferent Credit Card

To apply for the Kotak 811 #DreamDifferent Credit Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Aadhar Card
  • PAN Card
  • Voter’s ID
  • Passport
  • Driving License

2. Address Proof:

  • Latest month’s utility bills
  • Aadhar Card
  • Rent agreement
  • Any other government-approved address proof

How To Apply for Kotak 811 #DreamDifferent Credit Card?

Follow these steps to apply for the Kotak 811 #DreamDifferent Credit Card:

  1. Go to Kotak Bank Official Website.
  2. Navigate to the Explore Products section and select Cards.
  3. Opt for the ‘Kotak 811 #DreamDifferent Credit Card’ within the credit cards category.
  4. Click on the ‘Apply Now’ button.
  5. Complete the application by submitting all required details and documents.

Frequently Asked Questions (FAQs) –

1. What is the Kotak 811 #DreamDifferent Credit Card?

The Kotak 811 #DreamDifferent Credit Card is a specific credit card offered by Kotak Mahindra Bank, designed to provide unique benefits and features.

2. How can I apply for the Kotak 811 #DreamDifferent Card?

To apply for the card, visit www.kotak.com, click on ‘Explore Products,’ choose the ‘Cards’ option, select the ‘Kotak 811 #DreamDifferent Card,’ and click on ‘Apply Now.’ Follow the instructions to provide necessary details and documents.

3. What are the key features of the Kotak 811 #DreamDifferent Credit Card?

The card comes with distinctive features, such as rewards, cashback, and exclusive benefits tailored for individuals looking for a unique credit card experience. Specific details can be found on the official Kotak Mahindra Bank website.

4. What documents are required for applying for the Kotak 811 #DreamDifferent Credit Card?

Necessary documents typically include proof of identity, address, income, and other details as specified by Kotak Mahindra Bank. Ensure you have these documents ready for a smooth application process.

5. How long does it take to get approval for the Kotak 811 #DreamDifferent Credit Card?

The approval time can vary. Once you’ve submitted the application with all required details and documents, the bank will review your application, and you will be notified of the decision accordingly.

6. What is the credit limit on the Kotak 811 #DreamDifferent Credit Card?

The credit limit is determined by Kotak Mahindra Bank based on various factors, including your credit history, income, and other financial considerations.

7. Are there any annual fees associated with the Kotak 811 #DreamDifferent Credit Card?

Details about annual fees, if any, can be found in the terms and conditions provided by Kotak Mahindra Bank. Check the official website or contact the bank directly for specific information.

8. Can I track my Kotak 811 #DreamDifferent Credit Card application status?

Yes, you can usually track the status of your application online through the bank’s official website or by contacting the customer support helpline.

9. What rewards and benefits come with the Kotak 811 #DreamDifferent Credit Card?

The card may offer a range of rewards, cashback, and exclusive benefits. Refer to the card’s terms and conditions or contact Kotak Mahindra Bank for specific details on the rewards program.

10. How can I contact customer support for queries related to the Kotak 811 #DreamDifferent Credit Card?

You can reach Kotak credit card customer care support through the contact details provided on their official website, including phone numbers and email addresses.