Kotak 811 Credit Card
Joining Fee: ₹500 + GST
Renewal Fee: ₹500 + GST
Reward Type: Reward Points
Welcome Benefits
500 bonus reward points upon spending Rs. 5,000 within the first 45 days of card issuance. This incentive encourages new cardholders to start utilizing the card for maximum rewards early on.
Rewards Program
Online spends earn 2 reward points per Rs. 100 spent, offering a higher reward rate for online shopping and digital transactions.
Offline spends earn 1 reward point per Rs. 100 spent, providing consistent rewards for everyday purchases.
Reward Redemption
1 reward point is valued at Rs. 0.25.
Redeem reward points for shopping vouchers, e-gift cards, movie vouchers, mobile recharges, and travel vouchers on the Kotak Rewards portal, providing flexibility in how you use your rewards.
Milestone Benefits
On spending Rs. 75,000 or more in a membership year, you can choose between two milestone benefits:
- 4 complimentary PVR tickets, ideal for movie enthusiasts.
- Cashback of Rs. 750, offering a direct saving on your card expenses.
Railway Surcharge Waiver
1.8% surcharge waiver on rail ticket bookings made via the IRCTC website or app.
2.5% surcharge waiver on rail bookings made at railway counters.
Maximum surcharge waiver capped at Rs. 500 per calendar year.
Fuel Surcharge Waiver
1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000 at fuel stations across India.
Maximum waiver capped at Rs. 3,500 per year, making it beneficial for frequent drivers.
Insurance Benefits
Complimentary lost card cover worth Rs. 50,000, protecting cardholders from fraudulent transactions up to 7 days before the card is reported lost or stolen.
Summary
The Kotak 811 Credit Card is an ideal entry-level card for young professionals and individuals new to credit, offering great value with its low annual fee of Rs. 500, which is waived on spends of Rs. 50,000 per year. New cardholders receive 500 bonus reward points upon spending Rs. 5,000 within 45 days. The rewards program offers 2 reward points per Rs. 100 on online spends and 1 reward point per Rs. 100 on offline purchases, with redemption options including shopping vouchers, e-gift cards, and more. Milestone benefits include 4 complimentary PVR tickets or Rs. 750 cashback on spends of Rs. 75,000 annually. Additionally, the card provides a 1.8% railway surcharge waiver for IRCTC bookings, a 1% fuel surcharge waiver, and lost card insurance up to Rs. 50,000. With its balanced rewards and protection features, the Kotak 811 Credit Card is a solid choice for those starting their credit journey.