Kotak 811 Dream Different Credit Card

The main advantages and characteristics of this specific credit card are as follows:

1. Lifetime-Free Credit Card

This is a lifetime free card, which means;

• It does not have annual fees.
• It does not have a joining fee.

You can enjoy its benefits for free. 

2. Reward Points

• You will earn two reward points for every Rs. 100 spent online and one reward point for every Rs. 100 spent offline. 
• As a welcome benefit, on the spend of Rs. 5,000 in the first 45 days, you will get 500 bonus points. 

3. Interest-Free Cash Withdrawal

You also get a cash withdrawal limit, which is interest-free for a period of 45 days. 

4. Desirable Credit limit

The credit card comes to you against a fixed deposit, and the credit limit of the card will be 90% of your fixed deposit amount.

5. Surcharge Waiver

There is a 1% and 1.8% surcharge waiver on fuel and train ticket booking through www.irctc.co.in, respectively. Moreover, when your train tickets are booked through the counter, you will get a 2.5% surcharge waiver. 

6. Milestone Program

With the reward points you earn over transactions, you will be eligible for bonus offers listed below on the spends of Rs. 75,000 in any anniversary year:

a) Cashback of Rs. 750

You can claim your cashback within three months after the anniversary year is over, and it will reflect in your next billing cycle.

b) 4 Free PVR Tickets

You can claim a PVR ticket within three months after the anniversary year is over. 

7. Visa payWave

There is a fast and easy way to make payments through the Visa payWave option of the card. You will not have to enter the PIN or hand over the card to the merchant to make payments. You can simply wave the card for transactions up to a limit of Rs. 5000. 

8. Secured Credit Card

This is a secured credit card. Unlike credit cards offered based on income, employment, CIBIL, and more, this card is issued to the customer against the security of a fixed deposit. Therefore, you are pre-approved for the card through an FD with the bank. 

9. Add-On Card

You get add-on cards if applied for. You can set a desired credit limit for these add-on cards and track spending separately. 

10. Safety Feature

The card comes with good security features, listed below:

• The card has an embedded EMV chip for additional levels of security.
• It is further locked with a 6-digit PIN for transactions.

The charges and fees of the credit card are as follows:

The process to apply for the 811 card is simple and easy. To apply, you can follow the steps mentioned below:

Step 1: Visit https://www.kotak.com/en/personal-banking/cards/credit-cards/apply-for-kotak-bank-credit-card.html?pid=811card.

Step 2: Choose your preferred credit card.

Step 3: Enter the required details.

Step 4: Verify your details with the proper documents. 

Step 5: Click on submit.

The bank will get back to you with the progress of your application. 

The eligibility criteria you need to meet to avail of this card are:

The essential documents required to apply for this card are:

KYC - You will only require your KYC documents while applying for this card. Since you will be opting for this credit card against a fixed deposit, you will not require any form of income proof. 

There are several other secured credit cards available against an FD, and you can find them here: