Enjoy the benefits of interest free cash withdrawals,rewards on all purchases, a credit limit up to 90% of your term deposit amount and a free Credit Card for life – all with the Kotak 811 #DreamDifferent Credit Card
No Joining and Annual Fees
811 #DreamDifferent Shield
500 bonus reward points on Rs. 5000/- spends in the first 45 days
Rs. 750/- cashback on annual spends of Rs. 75,000/-
Interest free cash withdrawal up to 48 days
Credit limit up to 90% of the fixed deposit amount
Credit limit known upfront at the time of applying for the credit card
High credit limit, up to Rs. 16 Lakhs
Cash advance fee of Rs. 300/- per Rs. 10,000/- or part thereof
Fuel and Railway surcharge waiver
* The new reward structure is applicable effective 15th June 2020 onwards
#The activation offer is applicable for all cards which are issued on and after 15th June 2020.
A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit. It is issued by banks and financial institutions to bring convenience of payment. Credit cards act as a micro loan tool where the individual makes purchases under the condition of paying off the same within a specific time period. There are no interest payouts if the due amount is paid within a specific time (interest-free period). A custom borrowing limit is pre-set by the issuer and this determines the maximum amount of credit a user can spend from a credit card. Credit card brings users the opportunity to save big through discounts and deals, making it a popular choice.
Don’t be put off by the term ‘credit’. If used wisely, credit cards are a convenient tool to manage your short-term financing needs. A credit card is a financial tool that lets you borrow a certain sum of money and repay it back later in instalments. An interest is charged only if the credit amount is not repaid within the grace period which usually ranges between 20 to 60 days. Whether you want to make online payments or swipe the card at a restaurant, everything is possible with a credit card. Besides allowing you to borrow funds conveniently, credit cards also offer a host of benefits such as reward points, cashbacks, frequent flyer miles, credit score etc. A credit card is certainly a must-have item in your wallet.
At Kotak Mahindra Bank, we understand the diversity of our customer’s needs. Hence Kotak Bank offers a wide range of credit cards based on your buying preferences. We have categorized our credit card rewards centred on your preferences such as entertainment, shopping, dining, travel and lounge access. Depending on your purchase inclinations, you are free to choose a credit card that earns you extra points on the things that matter the most to you. So go ahead, explore and compare our wide assortment of credit cards in order to find the perfect match. Once you find the right credit card, you will be able to earn as you spend!
The eligibility criteria for a kotak credit card will vary for every applicant. However, there are some criteria that remain uniform and these include: