Kotak 811 Credit Card: Lifetime Free with Amazing Rewards for 2025

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Card Fees

Life Time Free

Joining Fees

Life Time Free

Annual Fees

3.5%

Foreign Transaction Fee

42.00%

APR

₹0

Over-limit Fee

Eligibility Criteria

18-75

Minimum & Maximum Age Criteria

10,000

Minimum monthly income

749

Minimum Credit Score

Category

, ,

Minimum Credit Score Required

749

Annual Charges

Life Time Free

Features

  • Lifetime Free – No Annual Fee
  • Earn Rewards on All Spends
  • Fuel Surcharge Waiver

Welcome Offer

  • Flat ₹500 Cashback on Activation
  • Bonus Points on First Spend
  • Exclusive App-Only Deals

The Kotak Mahindra 811 #DreamDifferent Credit Card is a secured, lifetime-free credit card designed for individuals seeking to build or improve their credit history. Backed by a fixed deposit, it offers a range of benefits, including rewards on purchases, interest-free cash withdrawals, and surcharge waivers.

Written By:

Hasnain Memon

Last Updated:

April 24, 2025

Key Features

  • Lifetime-Free Card: No joining or annual fees, making it a cost-effective choice.
  • Reward Points: Earn 4 reward points for every ₹100 spent online, enhancing your savings on digital transactions.
  • Interest-Free Cash Withdrawals: Withdraw cash without interest charges, providing financial flexibility when needed.
  • Credit Limit: Avail a credit limit of up to 90% of your fixed deposit amount, offering substantial purchasing power.
  • Fuel and Railway Surcharge Waiver: Enjoy waivers on fuel and railway surcharges, reducing travel expenses.

Fees And Charges

Fee/Charge Amount
Joining Fee Nil
Annual Fee Nil
Interest-Free Cash Withdrawal Available
Credit Limit Up to 90% of the fixed deposit amount
Reward Points 4 points per ₹100 spent online
Fuel Surcharge Waiver Applicable
Railway Surcharge Waiver Applicable

Pro and Cons:

Reviews:

The Kotak Mahindra 811 #DreamDifferent Credit Card is widely appreciated by users for its simplicity and benefits for first-time credit card holders. Its secured nature makes it accessible to those without a credit history, and its lifetime-free feature is particularly appealing. Users find the reward points on online spends and surcharge waivers valuable, but some note that the card lacks premium perks like travel benefits.

Pros:

  • Lifetime-Free Card: No joining or annual fees, making it budget-friendly.
  • Accessible to New Users: Secured by a fixed deposit, suitable for those with no prior credit history.
  • Reward Points: Earn 4 reward points for every ₹100 spent online.
  • Interest-Free Cash Withdrawals: Helps in emergencies without incurring immediate charges.
  • Surcharge Waivers: Savings on fuel and railway transactions.
  • Flexible Credit Limit: Offers up to 90% of the fixed deposit value as the credit limit.
  • Easy Application: Simple process via the Kotak Mobile Banking App.

Cons:

  • Limited Benefits: Does not include premium perks like lounge access, travel benefits, or insurance coverage.
  • Fixed Deposit Requirement: Requires a minimum fixed deposit of ₹10,000, which may not suit everyone.
  • Lower Reward Rate: Reward rate is more appealing for online spends but limited for other categories.
  • No International Usage Benefits: Lack of travel-related rewards or benefits for frequent flyers.
  • Eligibility Restriction: Only available to customers with a Kotak 811 account and completed KYC.

How To Apply

For Existing Kotak 811 Customers:

  1. Complete your Full KYC (FKYC) after opening the 811 account.
  2. Wait for 48 hours post-FKYC completion.
  3. Open a fixed deposit with a minimum amount of ₹10,000.
  4. Log in to the Kotak Mobile Banking App, navigate to the ‘Apply Now’ tab, and select ‘Credit Card’ to proceed with the application.

For Non-811 Customers:

  1. Log in to the Kotak Mobile Banking App.
  2. Go to the ‘Apply Now’ tab and click on ‘Credit Card’ to initiate the application process.

Additional Information

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  1.  What is the Kotak Mahindra 811 #DreamDifferent Credit Card?
    • It is a secured, lifetime-free credit card backed by a fixed deposit, designed to help users build or improve their credit score.
  2.  Is this card free of cost?
    • Yes, it has no joining or annual fees.
  3.  What is the eligibility criteria for this card?
    • Age: 18 to 75 years.
    • A minimum fixed deposit of ₹10,000 with Kotak Mahindra Bank is required.
    • Completion of full KYC for Kotak 811 account holders.
  4.  How can I apply for this credit card?
    • Open a Kotak 811 account and complete your full KYC.
    • Create a fixed deposit of ₹10,000 or more.
    • Apply via the Kotak Mobile Banking App under the ‘Apply Now’ section.
  5.  What rewards can I earn with this card?
    • You earn 4 reward points for every ₹100 spent online.
  6.  Can I withdraw cash using this card?
    • Yes, you can withdraw cash interest-free for a limited period.
  7. What is the credit limit for this card?
    • The credit limit is up to 90% of the fixed deposit amount.
  8. Are there any fuel surcharge waivers?
    • Yes, you get a 1% fuel surcharge waiver on eligible transactions.
  9. Can I use this card for international transactions?
    • Yes, this card can be used for international transactions but does not offer specific benefits for foreign usage.
  10. Is this card suitable for people with no credit history?
    • Yes, it is designed for individuals with no prior credit history, making it a great option for building a credit score.

About

At FinWitty, we dive deep into the features, benefits, and rewards of various credit cards to bring you honest reviews, comparisons, and recommendations. Whether you’re looking for the best cashback card, travel perks, or fuel savings, we ensure you have all the insights needed to pick the perfect card for your needs.

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