Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
You can get the 811 #DreamDifferent Credit Card from Kotak Mahindra Bank without paying any joining or yearly fees. You can also take advantage of a credit limit of up to 80% of your term deposit amount, as well as interest-free cash withdrawals.
Some of the features of 811 #DreamDifferent Credit Card are:
Some of the benefits of using 811 #DreamDifferent Credit Card are given below:
Apart from the rewards you will earn on making transactions using your 811 #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:
Given below is the eligibility criteria you will have to fulfil in order to apply for this credit card:
| 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 | 3.50% of the total balance due (Annual interest – 42%) |
| Minimum Amount Due (MAD) | 10% |
| ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof | Rs.300 |
| Late Payment Charges |
|
| 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 |
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.3,600 |
| 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.10,350 | ||
Given below are the steps you will have to follow to apply for 811 #DreamDifferent Credit Card:
No, do not use the card. Destroy the card by cutting it including the magnetic strips and inform the bank about the same.
No, you will not get the waiver. It will be automatically reversed on the cancellation of the tickets.
811 #DreamDifferent is a Visa Gold Card.
Yes, you can use the card abroad.
The proof of ID that you can submit to apply for this credit card are Passport, PAN Card, driving licence, Voter ID card, etc.
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