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Kotak 811 Credit Card

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क्रेडिट कार्ड का नाम

Kotak 811 Credit Card

Bank Name :

Kotak Mahindra Bank

प्रकार

Lifestyle Credit Card

ब्याज दर

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

पात्रता

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
पेशेवरों
  • Welcome Benefit: Customers will get 500 reward points on activation and spending INR 5000 in the first 45 days.

  • Reward System: Customers will 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 cashback rate:0.5%, and General cashback rate: 0.25%. 

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

दोष
  • Extremely basic credit card. 

  • Limited value add features. 

  • 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.

पक्ष विपक्ष
Welcome Benefits

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

पुरस्कार प्रणाली
  • Customers will 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 cashback rate:0.5%, and General cashback rate: 0.25%. 

अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
3.50%
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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

फ़ायदे
  • 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. 

विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?

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.

सम्पर्क करने का विवरण

1860 266 2666

खाता खोलने की प्रक्रिया और प्रक्रिया

विशेष विशेषता, पात्रता और लाभ

Pros:-

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Cons:-

  • Welcome Benefit: Customers will get 500 reward points on activation and spending INR 5000 in the first 45 days.

  • Reward System: Customers will 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 cashback rate:0.5%, and General cashback rate: 0.25%. 

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

  • Extremely basic credit card. 

  • Limited value add features. 

  • 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.

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.

Kotak 811 Credit Card

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

उत्पाद समीक्षा
फीस एवं प्रभार
  • 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%.

ईंधन अधिशुक्ल
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

फीस एवं प्रभार
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