Kotak Mahindra BankKotak 811 Credit Card
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Kotak Mahindra Bank
Kotak 811 Credit Card
3.9 / 5visa
- Joining fee
- ₹500
- Annual fee
- ₹500
- Base reward
- 0.2%
- Min income
- —
- Forex markup
- 3.5%
- Interest p.a.
- 45%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Online shopping | 0.4% | Uncapped |
Benefits
- ▸Unsecured card, no fixed deposit or collateral required
- ▸3 complimentary PVR tickets milestone benefit
- ▸2 RP/Rs.100 on online spends vs 1 RP/Rs.100 offline
- ▸1% fuel surcharge waiver
- ▸Digital card issuance via Kotak 811
- ▸Note: a separate secured 'Kotak811 #DreamDifferent' card (lifetime-free, against FD) also exists
The good
- + No fixed deposit or collateral required (unsecured)
- + PVR ticket milestone benefit
- + Modest online reward boost (2 RP/Rs.100)
- + Fuel surcharge waiver
The catch
- − Annual fee of Rs.500 (waiver needs Rs.50,000 spend)
- − No lounge access
- − Weak base reward (0.2-0.4%), possibly devalued further in 2025
- − High 45% p.a. interest and 3.5% forex markup