CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
Kotak Mahindra Bank

Kotak 811 Credit Card

24
Ranked #137 of 170 in credit
creditVisaPlatinum

Kotak's FD-secured entry-level credit card, widely used as a first credit card or credit-building tool due to minimal eligibility requirements, with modest rewards and no travel perks.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value8/100 · weight 71%
≈ 0.38% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +10.0% score bonus — earns broadly without narrow category restrictions.
No rewards on: rent, fuel, insurance. Reward score is scaled by ×(1 − 3.6%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency100/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks1/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
—
Annual fee
Lifetime free
Waiver: Lifetime free as long as linked FD remains active (secured card against FD); annual fee waiver on retail spends of Rs 50,000 in preceding year (for unsecured variant per some sources)
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
all_spendspoints0.38%(1.52 pts @ ₹0.25)—Base earn rate
online_shoppingpoints0.20%(1 pts @ ₹0.20)—4 RP per Rs 100 online (~0.8-1%); 1 RP=Re 0.20
offline_spendspoints0.04%(0.2 pts @ ₹0.20)—1 RP per Rs 100 offline

Welcome offer

500 bonus reward points (~Rs 125) on spending Rs 3,000-5,000 within first 30-45 days (varies by promotion period)

Milestone benefits

Pros

  • True lifetime free (secured version)
  • no CIBIL/income proof required, ideal for building credit history/first-time users
  • card limit up to 90% of FD value
  • FD continues earning interest while used as collateral
  • interest-free cash withdrawal up to 48 days

Cons

  • Low effective reward rate (~0.5-1% depending on variant)
  • no lounge access
  • reward exclusions since June 2025 on education, wallet loading, fuel, rent, government, insurance, online skill-gaming
  • utility spend rewards capped at Rs 35,000/statement cycle

What's inside

More benefits

  • Milestone cashback/PVR tickets

    ₹750

    Rs 750 cashback or 3-4 PVR movie tickets

    Cap ₹750 / yearly. On Rs 75,000 annual spend

Insurance cover

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₹NaN

Eligibility

text
Secured against fixed deposit, min FD Rs 5,000-15,000 (sources vary); no CIBIL check required, no income proof needed for FD-backed applicants; Indian resident

Small print

Redemption fee
₹0 / redemption
Fuel surcharge:1% fuel surcharge waiver on Rs 500-Rs 3,000 transactions, capped at Rs 3,500/year