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Kotak 811 #DreamDifferent Credit Card

Kotak 811 #DreamDifferent is a lifetime free secured credit card that comes with decent benefits. The Kotak 811 savings account holders having a Fixed Deposit (FD) of minimum Rs 5,555 with the Bank can get the #DreamDifferent credit card instantly and without any documentation by applying online. The new customers need to have an FD of at least Rs 10,000 with the Kotak bank to get this card. No income proof or credit score is required for this credit card.

Since the card is issued against FD, the Kotak Bank offers a credit limit between Rs 5,000 to Rs 16 lakh of up to 90% of the FD principal value. The cardholders also get benefits such as fuel & railway surcharge waiver, 0.25%-0.5% reward rate on spends and many other features that come with FD credit cards. Explore more benefits and rewards with fees and charges in this Kotak 811 #DreamDifferent credit card review.

Kotak 811 Dream Different credit card

Kotak 811 #DreamDifferent Credit Card Overview

Card TypeSecured, LTF
Joining Fee₹0
Annual Fee₹0
Welcome OfferEarn 500 bonus reward points on activation + Rs. 5000 spends in the first 45 days of card set up.
Best Features– 1% fuel surcharge waiver and 1.8%-2.5% for Railway ticket booking transactions
– Earn 2 reward points per Rs 100 spent online and 1 reward points on every Rs 100 spent on other purchases

Details from Kotak Mahindra Bank

  • No joining or annual fees.
  • 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, known upfront at the time of applying for the card.
  • High credit limit, up to Rs 16 lakh.
  • Cash advance fee of Rs 300 per Rs 10,000 or part thereof.
  • Fuel and Railway surcharge waiver.
  • Comes on VISA.
  • Terms and conditions apply.

Fees and Charges

Joining Fee


Annual Fee


Finance Charges

3.50% p.m. (42% p.a.)

Forex Mark-up Fees

3.50% of the transaction value

Cash Withdrawal Charges

2.5% on advance amount or ₹500 whichever is higher per Rs 10,000.

Late Payment Fee

Following late payment fee will apply if your minimum amount due is:

  • Less than Rs. 100 -NIL
  • Between Rs. 101 – Rs. 500 – Rs.100
  • Between Rs. 501 – Rs. 1,000 – Rs.500
  • Between Rs. 1,001 – Rs. 5,000 – Rs.500
  • Between Rs. 5,001 – Rs. 10,000 – Rs.600
  • Between Rs 10,001 – Rs 25,000 – Rs 800
  • Between Rs 25,001 – Rs 50,000 – Rs 1,000
  • Rs. 50,001 and above – Rs.1200

Rewards Redemption Fee


See full rates and charges at Kotak Bank’s website

Pros and Cons

Good credit limit and cash withdrawal limitReward rate is very low at 0.25-0.5%
Fuel & Railway surcharge waiver Charges at cash advance, balance transfer and foreign transactions
Good options for spending reward points

Kotak 811 #DreamDifferent Credit Card Benefits

From rewards on purchases to milestone benefits, the Kotak 811 Dream Different offers something for everyone.

Lifetime Free

The Kotak 811 Dream Different credit card is lifetime free with no joining and annual fee as it’s issued against your FD with the Kotak Bank.

Welcome Bonus

You earn 500 bonus reward points when you activate your credit card and spend Rs 5,000 within the first 45 days. The 500 bonus reward points are worth Rs 125 and can be redeemed for shopping, recharges and much more through Kotak partner sites and stores.

90% Credit Limit

The credit limit offered by the Banks is usually in the 80-90% range. Kotak 822 Dream Different card gives you up to 90% of credit limit against your FD principal value.

Interest free cash withdrawal

The cardholders can withdraw cash up to 90% of their credit limit with no interest charges for 48 days. However, there’s a processing fees of Rs 300 per Rs 10,000 cash withdrawal.

Balance Transfer

The card offers easy and instant balance transfer option which you can avail by calling the Bank. A processing fees of Rs 349 per Rs 10,000 applies on the balance transfer.

Add-on Card

You can get free add-on cards that will carry the same benefits. You can set the separate card limit, and track spends separately too.

Fuel & Railway Surcharge Waiver

Fuel: You get 1% fuel surcharge waiver across all petrol pumps in India. The transactions should be between Rs 500 – Rs 3,000. You can avail a maximum benefit of up to Rs 3,500 in a year on fuel surcharge waiver. GST on fuel surcharge will still be payable.

Railway: You get 1.8% for transactions on irctc.co.in & 2.5% on bookings through Indian railway counters for a maximum benefits of up to Rs. 500 per year.

Kotak 811 #Dream Different Rewards

  • Earn 2 reward points for every Rs 100 spent on online purchases. That comes up to a 0.5% reward rate value.
  • Earn 1 reward point for every Rs 100 spent on other spends, for a 0.25% reward rate value.
  • These reward points will not be offered on fuel and railway transactions, and cash withdrawals.

Reward Points redemption:

The reward points can be redeemed at Kotak Rewards portal. The value of 1 reward point is Rs 0.25 (25 paisa). You can use the reward points at partner stores or websites on travel, shopping, recharges and in many other categories.

Milestone Benefits

In addition to the reward points and surcharge waiver benefits, the cardholders can also enjoy the milestone benefits on a minimum spend of Rs 75,000 in a year.

Option 1: Rs 750 Cashback

You can claim the cashback within 3 months’ after anniversary year is over. The cashback will reflect in your account statement in the next billing cycle.

Option 2: 4 free PVR movie tickets.

You can claim 4 free PVR tickets after meeting the spend criteria within 3 months of the anniversary year. The tickets can be used for any day and any show and are transferrable. You will get a Star Pass code which can be redeemed at PVR website.

Eligibility To Get Kotak 811 #DreamDifferent Card

  • You must be in the age bracket of 18075 years.
  • Minimum Fixed Deposit of Rs 5,555 for existing Kotak 811 savings account holders
  • Minimum FD of Rs 10,000 for new customers

How to Apply Online for Kotak 811 #DreamDifferent Credit Card?

You can apply online for this card through the Kotak Bank’s website. To get the Kotak 811 credit card against FD, you will first have to open an FD account with the Bank and then request the card with lien of the same if you are a new customer. If you already have an FD with the Kotak811 Bank, you can simply apply online for the card and request linking the FD. You can even open a new FD account or new 811 savings account online only, without having to visit any branch.

You can visit Kotak Bank website to apply online.

Apart from the FD and account opening documents, the Bank does not require any income proof documents to issue this card.

Final Thoughts

Kotak 811 Dream Different is a basic secured credit card against FD suitable only for those who want to build/improve credit or get a credit card just to keep one for occasional use.

Sure, the fuel & surcharge waiver are a decent benefit plus the reward points can be redeemed for various purposes, but the limitations and spend requirement is too high for to spend without any additional benefit that come with other cards.

If you are looking for more flexible use and additional benefits, check out IDFC First WOW credit card that offers 100% credit limit, 100% cash withdrawals, 7.5% interest on FD and privileges such as lounge access.

Check other Secured (FD-backed) credit cards:

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