No joining or annual fee, lifetime free and no income proof required! Kotak Mahindra Bank launches 811 #DreamDifferent Credit Card

Ever heard of a credit card  which comes with no joining fee, no annual charge and doesn't require any income proof or credit score? Yes, you read it right! In a major announcement, Kotak Mahindra Bank (Kotak) has launched 811 #DreamDifferent credit card - especially tailored for Kotak 811 customers based on their banking preferences.

The 811 #DreamDifferent credit card offers a completely digital experience, right from applying for the credit card till the time the card reaches the customer. Kotak 811 customers can instantly apply for the 811 #DreamDifferent credit card on the Kotak mobile banking app. New Kotak customers can also avail this card after opening an 811 savings account.

Backed by a fixed deposit for as low as Rs.15,000, this lifetime free credit card is especially for customers who have no credit history, a low credit score or do not have any income documents to share.

Top features of the 811 #DreamDifferent Credit Card

-Lifetime free credit card – no joining fee or annual fee

-Customers enjoy up to 48 days interest free credit period while they continue to earn interest on their fixed deposit

-Reward Points: Earn 2 Reward points for every Rs. 100 on all online spends. Redeem these reward points against card outstanding or purchases at merchant outlets

-Fuel & Railway surcharge waiver - 1% fuel surcharge waiver (max. waiver of Rs. 3500 p.a.) & complete surcharge waiver for transactions on irctc.co.in & at Indian railway booking counters (max waiver of Rs. 500 p.a.)
 
Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank said, “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 spends, 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 fulfil their dreams and aspirations.”

“The 811 #DreamDifferent credit card gives customers quick and easy access to credit, while they continue to earn interest on their fixed deposit,” added Ambuj.