Kotak 811 #DreamDifferent Credit Card
Joining Fee: No Joining Fee
Renewal Fee: No Annual Fee
Reward Type: Reward Points
Welcome Benefits
Receive 500 Bonus Reward Points when you spend Rs. 5,000 or more within the first 45 days of card issuance.
Rewards Program
Online Spends: Earn 2 Reward Points for every Rs. 100 spent on online transactions.
Other Spends: Earn 1 Reward Point per Rs. 100 spent on all other transactions.
Exclusions: No Reward Points for fuel, railway transactions, and cash withdrawals.
Milestone Benefits
Spend Rs. 75,000 in a year and enjoy:
Rs. 750 cashback.
4 complimentary PVR movie tickets.
Reward Redemption
Redeem points via Kotak Net Banking for cashback, movie tickets, AirMiles, and more.
Redemption Rate: 1 Reward Point = Rs. 0.25.
Fuel Surcharge Waiver
Get a 1% waiver on fuel transactions between Rs. 500 and Rs. 3,000, with a maximum benefit of Rs. 3,500 per year.
Railway Surcharge Waiver
1.8% waiver for bookings made via IRCTC and a 2.5% waiver for bookings at railway counters, capped at Rs. 500 per year.
Eligibility Criteria
Must be an Indian resident, aged 18 or above.
A Fixed Deposit (FD) of Rs. 10,000 is required for card issuance.
Summary
The Kotak 811 #DreamDifferent Credit Card offers 500 bonus Reward Points when you spend Rs. 5,000 within the first 45 days. Cardholders earn 2 Reward Points per Rs. 100 on online transactions and 1 Reward Point per Rs. 100 on all other transactions, with no points on fuel, railway bookings, or cash withdrawals. Spend Rs. 75,000 in a year to enjoy Rs. 750 cashback or 4 complimentary PVR movie tickets as milestone benefits. Reward Points can be redeemed for cashback, movie tickets, or AirMiles through Kotak Net Banking, at a rate of 1 Reward Point = Rs. 0.25. The card also provides a 1% fuel surcharge waiver and a railway surcharge waiver of up to Rs. 500 per year. With no joining or renewal fees and a requirement of a Rs. 10,000 Fixed Deposit for issuance, this secured card is a great option for individuals with no stable income, offering a balance of rewards and basic benefits.