The Kotak 811 DreamDifferent Credit Card is a secured credit card designed to offer impressive rewards to its users. This card comes with no joining or renewal fees, making it a cost-effective option. As a welcome benefit, you can earn bonus reward points. For every Rs. 100 spent, you earn 1 Reward Point, and for online transactions, the card offers 2x Reward Points. These points can be easily redeemed on the bank’s website, and the card also offers additional rewards through a milestone program.
If you spend Rs. 75,000 or more in a year, you’ll receive a cashback of Rs. 750 and 4 complimentary PVR movie tickets. Additional perks include a fuel surcharge waiver and a railway surcharge waiver, making this card a practical choice for many.
To explore more about the benefits of the Kotak 811 Dream Different Credit Card, continue reading the detailed information below.
Overview
| Feature | Details |
|---|---|
| Card Type | Lifestyle Credit Card |
| Reward Rate | Up to 2 Reward Points per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
| Annual Fee | None |
| Unique Selling Points | Comprehensive rewards program, lifestyle and travel benefits |
| Rating (out of 5) | 4.2 |
Table of Contents
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Reward Points | 500 Reward Points on first transaction |
| Additional Benefits | ₹500 worth of vouchers from popular brands on spending ₹5,000 within the first 45 days |
Charges for Card
| Fee Type | Charges |
|---|---|
| Joining Fee | None |
| Renewal Fee | None |
| Finance Charges | 3.5% per month (42% per annum) |
| Late Payment Fee | ₹100 to ₹700 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Kotak 811 DreamDifferent Credit Card Benefits
Travel Benefits: Access to over 500 airport lounges worldwide with complimentary Priority Pass membership (usage fees apply).
Dining Offers: Up to 10% discount at partner restaurants through the Kotak Dining Privileges program.
Fuel Surcharge Waiver: Waiver of 2.5% fuel surcharge on transactions between ₹400 and ₹4,000 at all petrol pumps in India.
Movie Ticket Discounts: Get 10% off on movie tickets booked via BookMyShow (up to ₹150 per transaction, twice a month).
Insurance and Protection: Complimentary air accident insurance of ₹50 lakh, purchase protection, extended warranty, and fraud liability coverage.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Online Spends | 2 Reward Points per ₹100 spent |
| Dining and Hotels | 2 Reward Points per ₹100 spent |
| All Other Spends | 1 Reward Point per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
| Rewards Expire in | 2 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹50,000 | 1,000 Reward Points |
| Annual Spend of ₹1 Lakh | 2,000 Reward Points |
Redemption
Reward Points can be redeemed for:
- Shopping Vouchers: Use points to get vouchers for leading brands.
- Travel Bookings: Redeem points for flight and hotel bookings.
- Gift Vouchers: Available for various brands and services.
- Statement Credit: Convert points to credit on your statement.
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Complimentary access via Visa Lounge Access program (usage fees may apply) |
Forex Markup Fee
| Fee Type | Charges |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Who Should Get the Card
The Kotak 811 DreamDifferent Credit Card is perfect for individuals who want a versatile credit card with comprehensive rewards and benefits. With no annual fee and a host of lifestyle and travel perks, this card is designed to provide value for your everyday spends. Whether you are a frequent traveler, a dining enthusiast, or someone who enjoys shopping, this card has something for you. Unlock your financial potential with the Kotak 811 DreamDifferent Credit Card.
Eligibility for Kotak 811 DreamDifferent Credit Card
To apply for the Kotak 811 DreamDifferent Credit Card, applicants must meet the following criteria:
- Age: 21 to 65 years
- Income: Minimum ₹3 lakh per annum for salaried and self-employed individuals
- Documents Required: Aadhar Card, PAN Card, proof of income (latest salary slips, bank statements, or ITR), and residence proof.
Card Review
The Kotak 811 Dream Different Credit Card stands out as an excellent option for individuals who may not have a stable monthly or annual income, as it is issued against a fixed deposit (FD) of Rs. 10,000, with no additional income proof required. The card is also highly affordable, with no joining fee, making it accessible to a wide range of people. Despite its easy accessibility, the card offers an array of exciting benefits, including rewarding offers, welcome bonuses, milestone rewards, and waivers on fuel and railway surcharges.
For those seeking a secured credit card with no annual fees and attractive perks, the Kotak 811 Dream Different Credit Card is a strong contender. Additionally, another lifetime free cards worth considering.
This concludes our review of the Kotak 811 Dream Different Credit Card. We’d love to hear your thoughts in the comments below!
Pros and Cons
| Pros | Cons |
|---|---|
| No annual fee | High foreign transaction fee |
| Comprehensive rewards program | Limited airport lounge access |
| Travel and dining benefits | Usage fees apply for Priority Pass membership |
Similar Cards to Kotak 811 DreamDifferent
| Feature | Kotak 811 DreamDifferent Credit Card | HDFC Millennia Credit Card | ICICI Bank Coral Credit Card | SBI SimplyCLICK Credit Card |
|---|---|---|---|---|
| Annual Fee | None | ₹1,000 + GST | ₹500 + GST | ₹499 + GST |
| Lounge Access | Visa Lounge Access program | Priority Pass membership | 1 complimentary domestic lounge visit per quarter | None |
| Reward Rate | Up to 2 points per ₹100 spent | 5 points per ₹100 spent | 2 points per ₹100 spent | 10 points per ₹100 spent online |
| Reward Value | 1 point = ₹0.25 | 1 point = ₹0.25 | 1 point = ₹0.25 | 1 point = ₹0.25 |
| Special Benefits | Lifestyle and travel benefits | Shopping benefits from partner websites | Dining discounts, fuel surcharge waiver | Online shopping benefits |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about Kotak credit cards and other financial products, you can visit the official Kotak website.
FAQ
Q: What is the annual fee for the Kotak 811 DreamDifferent Credit Card?
A: There is no annual fee for the Kotak 811 DreamDifferent Credit Card.
Q: How can I earn reward points with the Kotak 811 DreamDifferent Credit Card?
A: You can earn up to 2 Reward Points per ₹100 spent on various categories such as online spends, dining, and hotels.
Q: How can I redeem the reward points earned with the Kotak 811 DreamDifferent Credit Card?
A: Reward Points can be redeemed for shopping vouchers, travel bookings, gift vouchers, and statement credit through the Kotak rewards portal.
Q: Does the Kotak 811 DreamDifferent Credit Card offer any special benefits for dining?
A: Yes, the card provides up to 10% discount at partner restaurants through the Kotak Dining Privileges program.
Q: What milestone benefits are available with the Kotak 811 DreamDifferent Credit Card?
A: You can earn 1,000 Reward Points upon spending ₹50,000 annually and another 2,000 Reward Points upon spending ₹1 Lakh annually.
Q: Is the Kotak 811 DreamDifferent Credit Card worth it for lifestyle benefits?
A: Absolutely. With no annual fee and a comprehensive rewards program, this card offers great value for those seeking lifestyle and travel benefits.
