Kotak 811 #DreamDifferent Credit Card
Apply for the best credit card of Kotak Mahindra Bank
Welcome Benefits
- NA
Kotak 811 #DreamDifferent Credit Card: Fees & Charges
| Type of fee or charge | Amount (Rs.) |
|---|---|
| Joining Fee: | ₹ Lifetime Free |
| Annual/Renewal Fee: | ₹ Lifetime Free |
| Finance Charges: | 3.5% per month (42.0% annually) |
| Spend Based Waiver: | Lifetime Free |
| Over Limit Penalty: | overlimit charges is NIL |
| Rent Payment charges | 1% Processing fee transaction amount |
| Forex Charges: | 3.49% of the transaction value |
| Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
| Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
Eligibility criteria
Age: Applicants should be at least 18 years old.
Income: Applicants should have a stable source of income, either salaried or self-employed
Fixed Deposit Requirement: A minimum fixed deposit of ₹5,000 is required. Only individual term deposits are accepted
Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof
Document Requirements
1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof
Other Information
Frequently Asked Questions
What is the annual fee of Kotak 811 #DreamDifferent Credit Card?
The Kotak 811 #DreamDifferent Credit Card offers lifetime-free annual fees. The joining fee is also free for life!
What is the interest rate on the Kotak 811 #DreamDifferent Credit Card?
The Kotak 811 #DreamDifferent Credit Card has an interest rate of 3.5% per month (42.0% annually)
Are there foreign transaction fees on the Kotak 811 #DreamDifferent Credit Card?
Yes, The Kotak 811 #DreamDifferent Credit Card charges a 3.5% fee for all transactions in foreign currency .
What is the credit limit of Kotak 811 #DreamDifferent Credit Card?
The credit limit for the Kotak 811 #DreamDifferent Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Kotak Mahindra Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Kotak Mahindra Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.
Card other Details
Kotak 811 #DreamDifferent Credit Card Credit Limit: Up to ₹10 Lakh