Kotak 811 Credit Card – Apply, Eligibility

Kotak Bank 811 Credit Card Review – Another one of the popular Entry-level credit cards for individuals. it is Kotak Rewards-based credit card for self-employed and salaried applicants. it is available for 18 years or Above Age Applicants. it allows getting reward points on everyday online and offline shopping.

it supports all additional Benefits such as Welcome Offers, Annual Fee Waivers, Milestone Spends Benefits, Fuel Surcharge Waiver, Railway Surcharge Waiver, Add-on Card, And Card Insurance coverage.

As A Welcome Gift, it offers 500 bonus reward points on spending up to ₹5000 within the first 45 days. moreover, it allows getting 4 free PVR tickets OR cashback of ₹750 as a Milestone program feature benefit for the cardholder.

it is a popular card by Kotak bank for earning reward points. it mainly focuses on offering a reasonable rate of reward points for online purchasing. it allows you to convert your big purchases into affordable monthly EMIs.

it is quite suitable for new individuals who want to maintain their credit score and want to earn reward points on all types of shopping.

Benefits

Kotak 811 Credit Card is a Low-end Kotak reward Points based card for daily shopping. it allows you to get cashback as reward points on offline and online purchases. it allows getting 2 reward points on all online category shopping. it comes with an extra layer of security such as 6-digit PIN authentication on the card and an Embedded EMV Chip for higher level safety while the credit card holder do Visa payWave payments.
it could beneficial card for you to earn reward points on each and every shopping in India.

it allows getting the benefit of a 1% fuel surcharge waiver on ₹500 and ₹3,000 transcations across fuel stations in India. Furthermore, the credit card holder is also eligible to get Railway Surcharge Waiver. in brief, you can get a 1.8% Railway Surcharge Waiver for transactions using the online IRCTC Website or App. 2.5% Waiver for train tickets from the ticket counter.

It supports all additional Kotak features such as –

  1. Card Insurance cover
  2. Add-on Card
  3. Reward Points on all Offline/Online Spends
  4. Smart EMI
  5. Welcome Offer

It has an annual membership charge is 500. which comes with the benefit of an Annual Fee Waiver. To be eligible, you will have to spend 50 thousand in the previous year by using the card.

Reward Points

Reward Points & Cashback On CardExplanation
Online Transcations2 Reward Points on Each ₹100 or Above Spends on all category
Offline Transcations1 Reward Point on Each ₹100 or Above Spends all offline category
Stolen Card Insurance coverUpto ₹50,000 Stolen Card Insurance cover against fraudulent usage up to 7 days pre-reporting, you can call the immediate Customer helpline
Railway Surcharge Waiver– 1.8% for transactions on online ticket booking
– 2.5% for transactions on offline Train Ticket Counter
(Max ₹500 Railway Surcharge Waiver Per Year)
Fuel Surcharge Waiver– 1% fuel surcharge waiver on refueling in transactions between ₹500 to ₹3000. you will get ₹3,500 in each calendar year Fuel Surcharge Waiver benefit.
Domestic Airport Lounge Access LimitNo Any
International Lounge Access LimitNo Any

Additional Features

Additional FeaturesDescription (Details)
Add-on CardAdd-on Card will have all the same Kotak 811 Card benefits
EMI FacilityYes all transactions can convert to Monthly EMIs
Contactless PaymentVisa payWave For all Contactless Payment upto 5000 Without Entering PIN as per RBI Rule

Set Card Control
Use Kotak Bank App to manage and control the limit of your all Kotak Credit cards including 811 Cards
Foreign Currency Mark up3.5%

Reward Points Redemption

  1. Kotak bank offers Kotak Rewards Program to redeem your all earned reward points into various categories such as –
  • Mobile Recharge
  • Online Shopping across 10,000 products
  • E-Gift Vouchers (Popular Brands Vouchers)
  • Movie Tickets Such as BookMyShow tickets
  • Travel and other.

2. Pay with Reward Points on a few popular brands such as PUMA, Clarks, NatureBaskets, Globus, and O2 SPA.

You can choose any one of these options to convert your earned Kotak Reward Points.

Card Charges

List Overview
Annual Fees on The Card– ₹500 Per Year
First Year Fee– ₹500 Per Year
– Annual Charges Waiver Benefit on spending up to ₹ 50000 on its anniversary Year
Joining Charges– ₹500 Per Year
Finance Fees (Interest Rate) – 3.5% Per Month
– 42% Per Year
Late Payment Fee₹100 To ₹700 Overdue Penalty As per the Remaining Overdue Amount
Cash withdrawal fee₹300
Foreign Currency Mark Up3.5% of the total Transaction amount
Add-on cards₹200
Replacement Card₹100

Eligibility Criteria

There are few locations where the 811 Credit card is available to apply such as

  1. Ahmedabad
  2. Bangalore
  3. Chandigarh
  4. Chennai
  5. Delhi (including Gurgaon and Noida),
  6. Hyderabad,
  7. Kolkata,
  8. Mumbai
  9. Pune
CriteriaOverview
Only ForSalaried, And Self-Employed
Your Age Must Be 18 years to 65 years
Add-On Card18 years and above
Minimum Salary Requirement25,000 per month

Kotak Bank will ask you few documents to complete Video KYC OR In-Person KYC. below we mentioned a few document details you must carry whenever you apply for the card. Most required documents such as PAN, Aadhar Card, And Income Proof Such as ITR, Salary Slip, and Other Credit Card Statement.

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