All cards / Kotak Mahindra Bank
Kotak 811 #DreamDifferent Credit Card
A secured card issued against a Kotak Fixed Deposit with no annual fee, ideal for first-time credit builders or those without income proof. It offers capped 2% cashback and fuel/railway surcharge waivers but no travel perks.
Annual fee
₹0
Joining fee
₹500
Reward type
cashback
Base reward rate
2%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 650+ whose spend is concentrated in online shopping. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 2% base rate
Benefits by category
- ⛽ Fuel
1% fuel surcharge waiver on transactions ₹500–₹3,000, capped at ₹3,500/year; railway booking surcharge also waived, capped ₹500/year
Eligibility
- Minimum credit score: 650
- Employment: salaried, self-employed
- Age: 18–75
Fees & charges
- Interest rate: 45% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions ₹500–₹3,000, capped at ₹3,500/year; railway surcharge waived, capped ₹500/year
Benefits
- Credit limit set upfront at up to 90% of the linked Fixed Deposit amount — no separate income proof needed
- 1% fuel surcharge waiver on transactions ₹500–₹3,000, capped at ₹3,500/year; railway booking surcharge also waived, capped ₹500/year
- Interest-free period on cash withdrawals of up to 48 days against the FD-backed limit
Pros
- + No annual fee
- + No income proof or credit history needed, only an FD (limit up to 90% of FD, FD from Rs10,000)
- + 2% cashback on spends (Rs15,000+ spend per cycle, max Rs500/cycle)
- + Fuel and railway surcharge waivers
Cons
- − Requires locking funds in a Fixed Deposit to get the card
- − Joining fee Rs500 incl. GST w.e.f. 1 Sep 2026 (page also shows a limited-period no-joining-fee banner)
- − Cashback capped at Rs500 per cycle and needs Rs15,000 cycle spend; no lounge or travel benefits