Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Kotak 811 #DreamDifferent Credit Card

    Kotak Mahindra Bank brings you 811#DreamDifferent Credit Card which does not require you to pay any joining and annual fee. You can also enjoy various benefits such as a credit limit of up to 80% of your term deposit amount, cash withdrawals without interest, etc.

    Features of Kotak 811#DreamDifferent Credit Card

    Some of the features of 811#DreamDifferent Credit Card are:

    • You are not required to pay any joining or annual fees.
    • You will be eligible to earn 500 bonus reward points once your card gets activated and if you spend Rs.5,000 within 45 days of its issuance.
    • You can earn reward points on daily spends. For example, you will earn 2 reward points for every Rs.100 spent by you online, and 1 reward point for every Rs.100 spent for other transactions.
    • You can get a cashback of Rs.750, or earn 4 PVR tickets for free if you spend Rs.75,000 in one year using your card.
    • You will also get fuel and surcharge waiver.

    Benefits of using 811#DreamDifferent Credit Card

    Some of the benefits of using 811#DreamDifferent Credit Card are given below:

    • Interest free cash withdrawal
      • You can withdraw up to 90% of your total credit limit without having to pay any charges whatsoever.
      • You will have to pay a processing fee of Rs.300 for a withdrawal of every Rs.10,000.
      • The first 48 days on cash advance will be interest free.
    • Balance Transfer
      • A processing fee of Rs.349 is chargeable for every Rs.10,000 transferred.
      • There will be no interest charged if you use your card for making fresh retail purchases.
      • You can call the bank or Kotak Mahindra Bank Credit Card Customer Care to transfer your other credit card balances instantly.
    • 811 #DreamDifferent Shield
      • You will get a cover of up to Rs.50,000 in the event of loss of your card and provided you inform the bank within 7 days from the date on which it got misplaced or stolen.
      • In order to register a claim with the insurance company, you will have to inform the bank immediately by calling the Customer Contact Centre -1860 266 2666 and get your card blocked or deactivated.
    • Add-On Cards
      • Your Add-on credit cards will have the same benefits as on your 811#DreamDifferent Credit Card.
      • You can track the spend made through each of your Add-On Cards separately.
      • You can set the credit limit for your Add-On card as per your requirements.
    • Fuel and Railway Surcharge Waiver
      • For every transaction across all petrol pumps in India ranging between Rs.500 and Rs.3,000 you will get a waiver of 1%, subject to a maximum of Rs.3,500 yearly.
      • You will get a waiver of 1.8% for transactions made on the IRCTC website and 2.5% for booking tickets on the railway counters. Subject to a maximum waiver of Rs.500 yearly.

    Note: This new reward structure has been in effect from 15th June 2020 and will be applicable only on the 811#DreamDifferent Credit Cards issued on or after 15 June 2020.

    Note: Aqua Gold Credit Card has been rebranded to 811 #DreamDifferent Credit Card by the bank in effect from 15th July 2020.

    Milestone Program

    Apart from the rewards you will earn on making transactions using your811#DreamDifferent Credit Card, you will also be eligible for bonus offers if you spend Rs.75,000 using your card in an anniversary year. There are two options under this program under which you will have to select only one. The milestone program options are as follows:

    • Redemption Option – Get a cashback of Rs.750
      • You have the option of claiming your cashback of Rs.750 once the anniversary year is over.
      • If you claim the cashback, it will reflect in your next billing cycle.
    • Redemption Option – Get 4 PVR tickets for free
      • You can claim your 4 PVR tickets for free within the 3 months of the end of your anniversary year.
      • Your free PVR tickets can be used for any show on any day and are transferable.
      • You will be issued a Star Pass Code which can be redeemed if you are booking movie tickets online through the PVR Cinema website.

    Note: This offer is in effect from 15th June 2020.

    Kotak 811#DreamDifferent Credit Card Eligibility Criteria

    Given below is the eligibility criteria you will have to fulfil in order to apply for this credit card:

    • The minimum and maximum age of eligibility is 18 years and 75 years respectively. Add-on card holders should be 18 years old and above.
    • The cardholder should be a resident of India.
    • Minimum TD amount of Rs.15,000.
    • Only individual TDs are allowed in order to apply for the card.

    Fees and Charges

    Type of Charge Amount
    Joining Fees N/A
    Annual Fees NIL
    Condition for waiver of annual fees for the first year N/A
    Condition for waiver of annual fees for the second year N/A
    Add-on card fees NIL
    Rate of interest charged on outstanding balances 2.99% of the total balance due (Annual interest – 35.88%)
    Minimum Amount Due (MAD) Ranging between 5% to 10% of the total amount due as per the decision taken by the bank
    ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof Rs.300
    Late Payment Charges
    • Rs.100 for statement less than or equal to Rs.500
    • Rs.500 for statement ranging between Rs.500.01 and Rs.10,000
    • Rs.700 for statement above Rs.10,000
    Over Limit charge Rs.500
    Charges for cheque bounce Rs.500
    Foreign Currency Mark Up 3.5%
    Railway Booking Surcharge (1.8%/2.5% on transaction amount)* Waived off
    Fuel Surcharge (1% on transaction)** Waived off
    Cash payment fee at bank Rs.100
    Processing fee for outstation cheque Waived off
    Reissue/ Replacement Card charges (for every issuance) Rs.100
    Request for charge slip Waived off
    Machine Surcharge at ATMs Waived off
    Balance Enquiry Charges at non-parent bank ATM Waived off
    Request for duplicate statement Waived off
    Web Pay service fee Waived off in effect from 10the January 2014
    Furnishing a copy of Credit Information Report (CIBIL) Rs.50

    Kotak 811#DreamDifferent Credit Card Value Chart

    Given below is the total money you must save if you use the card and avail the benefits offered:

    Your total spends Annual spends Total benefits Your total savings
    Reward points on total monthly transaction of Rs.50,000 Rs.6 lakh 7,500 reward points gained Rs.1,875
    Reward points on spending Rs.5,000 within the first 45 days of the issuance of the card 500 reward points gained Rs.125
    Milestone offer on an annual spend of Rs.75,000 Rs.75,000 Rs.750 cashback Rs.750
    Withdrawing cash at an interest rate of 2.99% for up to 48 days (3.3% for other cards) Rs.1.2 lakh (Rs.10,000 per month) Interest free withdrawal of cash for an average period of 30 days Rs.3,720
    Fuel Surcharge Waiver Maximum waiver of Rs.3,500 allowed Rs.3,500
    Railway Surcharge Waiver Maximum waiver of Rs.500 allowed Rs.500
    Your Total Savings Rs.10,470

    How to apply for Kotak 811#DreamDifferent Credit Card

    Given below are the steps you will have to follow to apply for 811#DreamDifferent Credit Card:

    • Visit the official website of Kotak Mahindra Bank.
    • On the main page, under ‘Explore Products’, go to ‘Cards’ under which you will have to click on ‘Credit Cards’.
    • You will be then shown a list of credit cards offered by the bank, under which you will have to click on 811#DreamDifferent Credit Card if you want to know about the benefits offered by clicking on ‘Know More’.
    • If you want to apply for the card, click on the ‘Apply Now’ button.
    • Enter the details and click on ‘Apply Now’.
    • You will have to submit the necessary documents after which the bank will verify them along with your application form. If they are in order, the bank will approve your application for the credit card and dispatch the card to your communication address.

    811#DreamDifferent Credit Card FAQs

    1. I reported the loss of my Kotak 811#DreamDifferent Credit Card to the bank but I found it. Can I use the card?

      No, do not use the card. Destroy the card by cutting it including the magnetic strips and inform the bank about the same.

    2. I cancelled my railway tickets. Will I still get the surcharge waiver?

      No, you will not get the waiver. It will be automatically reversed on the cancellation of the tickets.

    3. What type of card is 811#DreamDifferent Credit Card?

      811#DreamDifferent is a Visa Gold Card.

    4. Can I use the card abroad?

      Yes, you can use the card abroad.

    5. What are the ID proofs I will have to submit while applying for this card?

      The proof of ID that you can submit to apply for this credit card are Passport, PAN Card, driving license, Voter ID card, etc.

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