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Kotak 811 Credit Card

Product Details
Credit Card Name : 

Kotak 811 Credit Card

Bank Name :

Kotak Mahindra Bank

Type :

Lifestyle Credit Card

Interest Rate : 

Interest Rate: 3.5% per month, 42% per year

Eligibility :

Primary Credit Card holders should be in the age bracket of 18 years to 65 years. Add-on Card holder should be 18 years and above
Location - Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune
Should be a resident of India

Kotak 811 Credit Card
Pros
  • Welcome Benefit: Customers get 500 Reward points on activation and spending INR 5000 in the first 45 days.

  • Reward System: Customers get 2 Reward Points per Rs. 100 on online spending and 1 Reward Point per Rs. 100 on offline spending. 1 RP = 0.25 Paisa. Online CB Rate:0.5%, and General CB Rate: 0.25%. 

  • Other Benefits: Lost card cover worth Rs. 50,000 applicable 7 days prior to reporting the loss of card.

Cons
  • Extremely basic credit card. 

  • Limited value add featues. 

  • Low cashback rate. 

  • The maximum railway surcharge waiver that is allowed in a calendar year is Rs.500/- 

  • Fuel transactions are not eligible to earn any Reward points

Pros & Cons
Welcome Benefits

500 Reward points on activation and spending INR 5000 in the first 45 days.

Rewards System
  • Customers get 2 Reward Points per Rs. 100 on online spending and 1 Reward Point per Rs. 100 on offline spending. 

  • 1 RP = 0.25 Paisa. 

  • Online CB Rate:0.5%, and General CB Rate: 0.25%. 

International Forex Markup
3.50%
Welcome Benefits and Reward System
Special Features
None
Eligibility Criteria

Primary Credit Card holders should be in the age bracket of 18 years to 65 years. Add-on Card holder should be 18 years and above
Location - Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune
Should be a resident of India

Benefits
  • Lifetime free: There is no annual fee or joining fee for the 811 Credit Card. 

  • Accelerated reward points earning: Cardholders earn 2 reward points for every INR 100 spent online. 

  • High credit limit: Cardholders can avail a credit limit of up to 90% of their fixed deposit amount.

  • Global acceptance: The 811 Credit Card is accepted at over 2 million merchants worldwide. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?

To apply for the Kotak Mahindra Bank's 811 Credit Card, you can follow these steps: 

  • Login to your Kotak 811 account. 

  • Click on the "Apply Now" button for the 811 Credit Card. 

  • Enter your personal and financial information, including your income and employment status. 

  • Select your credit limit. 

  • Submit your application. 

  • You will receive a decision on your application within a few days. 

  • If your application is approved, you will receive your credit card within 7-10 working days.

Contact Details

1860 266 2666

Account Opening and Procedure
Kotak 811 Credit Card

This card is a good option if you're a beginner with limited credit history and want a no-frills, lifetime-free card with basic benefits. However, the card provides a very low reward rate and charges high processing fees. Also, being an entry-level card it provides very limited features and offers.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Joining Fees: Rs. 500 

  • Annual Fees: Rs. 500 Condition for waiver of Joining Fees NA Condition for waiver of Annual Fees Rs. 50,000. 

  • Interest Charges on outstanding Balances 3.5% (Annualized 42%) .

  • Cash Advance Charges: Rs. 300 per Rs. 10,000 withdrawn. 

  • Late Payment Charges ("LPC") Rs. 100 for statement o/s less than or equal to Rs. 500. Rs. 500 for statement o/s between Rs. 500.01 to Rs. 10,000 Rs. 700 for statement o/s greater than Rs. 10,000. 

  • Foreign Currency Mark Up 3.5%.

Fuel Surcharge
The 1% fuel surcharge waiver is applicable on transactions that range between Rs.500 and Rs.3,000. Avail of a maximum fuel surcharge waiver of Rs.3,500 in each calendar year.
Billing Cycle

30 Days

Fees & Charges
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