Kotak Mahindra Bank
Kotak 811 Credit Card
visabasiccreditshopping
Annual Fee
₹500
Base Reward
0.5% points
Foreign Markup
3.5% of the transaction amount.
4.4/5
Welcome Benefits
500 Bonus Reward Points on expenditure of ₹5,000 within 45 days of card issuance.
Product Highlights
- 500 Bonus Reward Points as a welcome benefit on spending ₹5,000 within 45 days of card issuance.
- 2 Reward Points for every ₹100 spent online and 1 Reward Point for every ₹100 spent offline.
- 4 PVR tickets or cashback of ₹750 on spending a minimum of ₹75,000 in a year.
- 1.8% surcharge waived off on online transactions at IRCTC.
- 2.5% surcharge waived off on rail ticket bookings at counters.
Fee Waiver
Annual fee waived off on spending a minimum of ₹50,000 in the preceding year.
Rewards Details
Earn 2 Reward Points per ₹100 on online spends and 1 Reward Point per ₹100 on offline spends.
Reward Points — Redemption Value
- 1 Reward Point = ₹0.25 against shopping vouchers, e-gift vouchers, movie vouchers, mobile recharges, and many other redemption categories.
Benefits & Features
1% fuel surcharge waived off on transactions between ₹500 and ₹3,000 (max waiver capped at ₹3,500 per annum).
Pros & Cons
Pros
- Low annual fee of ₹500.
- Decent reward rate of 2 Reward Points per ₹100 on online spends.
- Milestone benefits including cashback and movie tickets.
Cons
- Annual fee not waived for lifetime.
- No complimentary lounge access.
Fees & Charges
Annual Fee₹500
Joining Fee₹500 + GST
Fee WaiverAnnual fee waived off on spending a minimum of ₹50,000 in the preceding year.
Foreign Markup3.5% of the transaction amount.
Interest Rate3.75% per month
Cash Advance2.5% of the Cash Withdrawn (Minimum Charge of ₹500)
Eligibility
Min Age
18 yrs
Networks
visa
Fee Waiver
Annual fee waived off on spending a minimum of ₹50,000 in the preceding year.