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Kotak 811 Credit Card Rewards

• The card earns you 1 Reward Point per Rs. 100 spent offline.
• You earn 2x Reward Points (i.e. 2 Reward Points per Rs. 100) on online spends.

Reward Redemption

The Reward Points earned on the Kotak 811 Credit Card are redeemable for shopping vouchers, e-gift vouchers, movie vouchers, mobile recharges, and many other redemption categories. 1 Reward Point = Rs. 0.25.

Kotak 811 Credit Card Features and Benefits

The Kotak 811 Credit Card is one of the basic credit cards offered by Kotak Bank. It comes with an affordable annual fee and is a great choice for individuals who just want a credit card with a decent reward rate to save more on their spends. Following are the detailed features and benefits of this card:

Welcome Benefit

You get 500 Bonus Reward Points on spending a minimum of Rs. 5,000 within the first 45 days of card issuance.

Milestone Benefit

If you spend a minimum of Rs. 75,000 with the card in a given membership year, you can choose from any of the following two milestone benefits-

• 4 complimentary PVR tickets.
• A cashback of Rs. 750.

Railway Surcharge Waiver

• 1.8% surcharge is waived on rail ticket bookings via the IRCTC website/app.
• A 2.5% surcharge is waived on rail ticket bookings through railway counters.
• The maximum waiver amount is capped at Rs. 500 in a calendar year.

Fuel Surcharge Waiver

• A 1% fuel surcharge will be waived at all filling stations across India for transactions between Rs. 500 and Rs. 3,000.
• A max capping of Rs. 3,500 per year is applicable on the fuel surcharge waiver.

Insurance Benefit

Kotak 811 Credit Cardholders get complimentary insurance coverage worth Rs. 50,000 against the loss of their card. The cover is applicable from 7 days prior to the date of reporting the loss of the card to the bank.

Eligibility Criteria for Kotak 811 Credit Card

To be eligible for Kotak 811 Credit Card, an applicant must satisfy the following eligibility criteria-

• the primary cardholder must be in the age bracket of 18 years and 65 years, and the add-on cardholder must be above 18 years of age.
• the primary and add-on cardholder(s) must be resident(s) of India.

Conclusion

Kotak 811 Credit Card can be the card of choice for new-to-credit young professionals and millennials as it is an entry-level offering by the bank and does not have very strict eligibility criteria. The card is comparable to its secured variant- the 811 #DreamDifferent Credit Card in terms of the rewards and benefits offered. However, the secured variant comes with a zero annual fee; whereas this unsecured card charges an annual fee of Rs. 500. Along with offering a decent reward rate, the card provides its customers with a lot of other privileges, including complimentary movie tickets as a milestone benefit and many more. With a nominal annual fee and basic features & benefits, this card is an excellent choice for individuals who are new to the world of credit cards and want to start their journey with a basic one. If you have any further doubts regarding this card or its features, please ask us in the comments.