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Kotak 811 Credit Card
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Kotak 811 Credit Card

Kotak Mahindra Bank

shopping

Annual Fee

₹500

Joining Fee

₹500 + GST

Base Reward

0.5% points

Foreign Markup

3.5% of the transaction amount.

Fee Waiver

Annual fee waived off on spending a minimum of ₹50,000 in the preceding year.

Interest Rate

3.75% per month

Welcome Benefits

500 Bonus Reward Points on expenditure of ₹5,000 within 45 days of card issuance.

Product Highlights

  • 500 Bonus Reward Points as a welcome benefit on spending ₹5,000 within 45 days of card issuance.
  • 2 Reward Points for every ₹100 spent online and 1 Reward Point for every ₹100 spent offline.
  • 4 PVR tickets or cashback of ₹750 on spending a minimum of ₹75,000 in a year.
  • 1.8% surcharge waived off on online transactions at IRCTC.
  • 2.5% surcharge waived off on rail ticket bookings at counters.

Rewards

Earn 2 Reward Points per ₹100 on online spends and 1 Reward Point per ₹100 on offline spends.

Redemption

1 Reward Point = ₹0.25 against shopping vouchers, e-gift vouchers, movie vouchers, mobile recharges, and many other redemption categories.

Benefits & Features

1% fuel surcharge waived off on transactions between ₹500 and ₹3,000 (max waiver capped at ₹3,500 per annum).

Fees & Charges

Annual Fee₹500
Joining Fee₹500 + GST
Fee WaiverAnnual fee waived off on spending a minimum of ₹50,000 in the preceding year.
Foreign Markup3.5% of the transaction amount.
Interest Rate3.75% per month
Cash Advance2.5% of the Cash Withdrawn (Minimum Charge of ₹500)

Eligibility

Min Age

18 years

Max Age

65 years

Available Networks

visa

Pros & Cons

Pros

  • Low annual fee of ₹500.
  • Decent reward rate of 2 Reward Points per ₹100 on online spends.
  • Milestone benefits including cashback and movie tickets.

Cons

  • Annual fee not waived for lifetime.
  • No complimentary lounge access.