Kotak 811 Dream Different Credit Card
Rewards & Benefits
Welcome Benefits
500 Reward points on activation and spending INR 5000 in the first 45 days.
Milestone Benefits
Milestone Benefits: On spending Rs 75,000 or more in an anniversary year using Kotak Dream Different Credit Card, customers get a cashback of Rs 750, and 4 complimentary PVR movie tickets.
Cashback Rate
Customers will get 2 reward points for every Rs. 100 spent on online transactions, and 1 reward point for every Rs. 100 spent on all other transactions.
1 RP = 0.25 Paisa. The online cashback rate: 0.5%, and the General cashback rate is 0.25%.
Movie Benefits
Dining Benefits
Other Benefits
Lifetime free credit card. Comprehensive insurance coverage. 24/7 concierge services.
Lounge Access
Fees & Charges
Joining Fee
s: NIL.
Annual Fee
NIL
Cash Advance Fee
Interest rate
3.50% (Annualized 42%)
Late Payment Fee
Late Payment Charges ("LPC") Rs. 250.
Foreign Currency Transactions Fee
Foreign Currency Mark Up 3.5% .
Other Fees
Interest Charges on outstanding Balances: 3.50% (Annualized 42%). | ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof Rs. 300. | Fee for Cash payment at Bank Rs. 100.
दोष
Processing fees on balance transfer.
Reward points will not be offered on fuel and railway spending as the card also offers surcharge waivers on the same.
Reward points will not be offered on cash withdrawals.
No lounge facilities are available.
Welcome Benefit: Users will get 500 reward points on activation and spending INR 5000 in the first 45 days.
Reward System: Customers will get 2 reward points for every Rs. 100 spent on online transactions, and 1 reward point for every Rs. 100 spent on all other transactions. 1 RP = 0.25 Paisa. Online cashback rate: 0.5%, and General cashback rate: 0.25%.
Milestone Benefits: On spending Rs. 75,000 or more in an anniversary year using Kotak Dream Different Credit Card, customers get a cashback of Rs. 750, and 4 complimentary PVR movie tickets.
पक्ष विपक्ष
Welcome Benefits
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पुरस्कार प्रणाली
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अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
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स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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Eligibility Criteria
Primary Card holder should be in the age bracket of 18 years to 75 years.
Minimum credit limit amount (for Non-811 savings account customers) – Rs. 9,000
Minimum credit limit amount (for 811 savings account customers) – Rs. 5,000
Only Individual TDs are allowed
Should be a resident of India
NRI customer can only apply via offline process
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
Online Visit the Kotak Mahindra Bank website and click on the "Credit Cards" tab.
Select the "811 Dream Different Credit Card" and click on the "Apply Now" button.
Fill in the application form with your personal and financial details.
Upload the required documents, such as your PAN card, Aadhar card, and income proof. Review and submit your application.
Required documents: PAN card Aadhar card Income proof (salary slip, salary certificate, Form 16 for salaried individuals; PAN card, IT return, Form 60/61 for self-employed individuals)
सम्पर्क करने का विवरण
1860 266 2666
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
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Cons:-
Welcome Benefit: Users will get 500 reward points on activation and spending INR 5000 in the first 45 days.
Reward System: Customers will get 2 reward points for every Rs. 100 spent on online transactions, and 1 reward point for every Rs. 100 spent on all other transactions. 1 RP = 0.25 Paisa. Online cashback rate: 0.5%, and General cashback rate: 0.25%.
Milestone Benefits: On spending Rs. 75,000 or more in an anniversary year using Kotak Dream Different Credit Card, customers get a cashback of Rs. 750, and 4 complimentary PVR movie tickets.
Processing fees on balance transfer.
Reward points will not be offered on fuel and railway spending as the card also offers surcharge waivers on the same.
Reward points will not be offered on cash withdrawals.
No lounge facilities are available.
The Kotak 811 Dream Different Credit Card offers a unique proposition for individuals seeking a credit card without a strong credit history or income proof. The FD requirement might deter some, but the lifetime free annual fee, high credit limit, and additional benefits like reward points and cashback make it an attractive option for specific users. However, it's crucial to consider the high interest rate and ensure responsible credit card usage to avoid hefty charges.
The Kotak 811 Dream Different Credit Card offers a unique proposition for individuals seeking a credit card without a strong credit history or income proof. The FD requirement might deter some, but the lifetime free annual fee, high credit limit, and additional benefits like reward points and cashback make it an attractive option for specific users. However, it's crucial to consider the high interest rate and ensure responsible credit card usage to avoid hefty charges.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
उत्पाद समीक्षा
फीस एवं प्रभार
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ईंधन अधिशुक्ल
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Billing Cycle
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