Kotak 811 DreamDifferent Credit Card Review 2020

By | July 20, 2021

Kotak Bank Launches 811 DreamDifferent Credit Card with NO Joining & Annual Fees with High credit limit up to INR 12,00,00/- and back by Backed by a fixed deposit for as low as INR 15,000, this lifetime free credit card is especially for customers who have no credit history or do not have any other income.

Kotak 811 is synonymous with ease, simplicity, and convenience, and we are delighted to offer the same digital-first experience with the 811 DreamDifferent credit card. A lifetime free card with an up to 48-day interest-free credit period and a compelling rewards proposition on all online spending, this card is truly for all 811 customers from the young student to the homemaker or senior citizen. The common thread that binds them is that they are relatively new to credit and are looking for a credit card that will give them financial independence and help them fulfill their dreams and aspirations.

Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank
811 DreamDifferent Credit Card
811 DreamDifferent Credit Card 

Table of Contents

  1. Joining and Annual Fees
  2. Benefits and Features
  3. Who is Eligible
  4. How to apply

811 DreamDifferent Credit Card Joining and Annual Fees

  • Joining Fees: NIL
  • Renewal Fees: NIL
  • Welcome Gift: 500 bonus reward points on – Activation + Rs. 5000/- spends in the first 45 days of card set up

811 DreamDifferent Credit Card Benefits and Features

1. Rewards Points

  • 2 reward points against every Rs. 100/- of online spends
  • 1 reward point against every Rs. 100/- of other spends
  • Cashback of INR 750 as Milestone program
  • One Rewards Point is equal to 0.25ps

Note: Reward points will not be offered on fuel and railway spends as the card also offers surcharge waivers on the same.

Reward points will not be offered on cash withdrawals

2. Interest free cash withdrawal

  • Customers can withdraw cash up to 90% of the total Credit Limit.
  • But there will be charges of INR 300 Per INR 10,000 as processing charges
  • Interest will not be charged up to 48 days on cash advance

3. You can do Balance Transfer on 811 DreamDifferent Credit Card

  • But there is a cost as a processing fee of Rs. 349/- per Rs. 10,000/-
  • Continued interest-free period on fresh retail purchases
  • Easy & Instant – You need to call customer care no to transfer your other credit card balances

4. 811 DreamDifferent Shield- Insurance

  • 811 DreamDifferent Shield comes with Insurance benefits. There is an INR 50,000/- If your card is lost or stolen and any fraudulent activity happens, you need to report within 7 days.
  • If card is lost you need immediately call Customer Contact Centre (1860 266 2666) and get your card deactivated/blocked to prevent misuse and register a claim with the Insurance Company.

5. Fuel & Railway Surcharge waiver

  • 1% across all petrol pumps for transactions between Rs. 500/- and Rs. 3000 limited to 3500 year
  • 1.8%  for transactions on irctc.co.in & 2.5% Indian railway booking counters Limited to Rs. 500 year

6. 811 Dream Different Credit Card -Add-on Card

  • You can order Add on Card free of Cost
  • Add on card have benefits of original card
  • You can Set the limit of each add on card

Who is Eligible for 811 Dream Different Credit Card

  • Card holder should be at least age bracket of 18 years to 75 years. Add-on Card holders should be 18 years and above.
  • Minimum Fixed/Term Deposit Amount should be – INR 15,000/-
  • Only Individual TDs are allowed
  • You should be resident of India

Fees and Charges of 811 DreamDifferent Credit Card

Charges Description811 DreamDifferent Credit Card
Joining FeesNIL
Annual FeesNIL
Addon Card FeesNIL
Interest Charges on outstanding Balances2.99% (Annuanlized 35.88%)
Minimum Amount Due (MAD)MAD can be 5% or 10% of TAD as decided by the Bank
ATM Cash Withdrawal per INR 10,000/-INR 300
Late Payment ChargesINR 100 for statement outstanding less than or equal to INR 500

INR 100 for statement outstanding INR 500 to INR 10,000/-

INR 100 for statement outstanding greater than or equal to INR 500
Over Limit ChargeINR 500
Cheque Bounce ChargesINR 500
Foreign Currency Mark Up3.5%
Railway Booking SurchargeNIL
Fee for Cash payment at BankINR 100
Outstation Cheque Processing FeeNIL
Reissue/ Replacement Card (per issunace)INR 100

How to apply 811 DreamDifferent Credit Card Online

You can apply for an 811 DreamDifferent Credit Card Online without any income documents. You can get a credit limit against the fixed deposit (FD) for as low as Rs.15,000.

  • You can apply online and a card will be delivered within 7-10 days working days
  • No additional documents required
  • You can set credit limit your own choice starting from Rs. 12,000 to 12,00,000/-
  • You can also link existing FD or open new FD online.
  • Check other features of 811 DreamDifferent Credit Card here
Kotak 811 DreamDifferent Credit Card Review 2020
811 DreamDifferent Credit Card

811 DreamDifferent Credit Card is specifically designed for the customer who has no credit history or very poor credit history even a student or housewife can apply for a credit card. This is a secured credit card. A reward rate of 1.75 on annual spending of Rs. 75,000 is pretty decent.

Editor's Rating:

Note that Kotak has rebranded the Kotak Aqua Gold Credit Card to 811 #DreamDifferent Credit Card starting 15 July 2020. You will get all benefits of 811 DreamDifferent Credit Card you holding Kotak Aqua Gold Credit Card.

Final thought: You can apply for an 811 DreamDifferent Credit Card if you have not credit or poor credit history otherwise entry-level credit card like ICICI Amazon credit card has a better option.

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Avatar of Dhiraj Jha
Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

8 thoughts on “Kotak 811 DreamDifferent Credit Card Review 2020


    On which type of spend i will get 500 reward point on first Spend of Rs.-5000.

  2. Avatar of JohnJohn

    Does this card allows converting to EMI..?
    is there any charge for Cash withdrawal or transfer if the amount is below 10000?


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