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Kotak811 Super Money Credit Card
Travel
Cashback
Shopping
5% cashback on Myntra
Travel
3% savings on Cleartrip
Lifetime Free
Zero joining & annual fee
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About Kotak811 Super Money Credit Card
Kotak811 Super Money Credit Card is a co-branded card offered by Kotak Mahindra Bank and super.money. This secured credit card is issued against a minimum fixed deposit of Rs. 1,000 and comes with a credit limit of up to 90% of the FD amount. Additionally, cardholders can earn 6% interest on their fixed deposit.
With no joining or annual fee, this card is designed for consumers who prefer to spend online. Cardholders can earn 5% cashback on Myntra, 3% on Cleartrip, and 2% on Flipkart, covering major categories like shopping and travel. Moreover, a low forex markup fee of 2%, make this card more convenient for overseas transactions. Apart from partner brands, cardholders can earn 1% cashback on UPI spends across all platforms. However, the accumulated cashback can only be redeemed through the super.money app, which limits the overall value for users who do not prefer spending via super.money.
Overall, for new to credit consumers seeking a lifetime free card with benefits on online and UPI spends, Kotak811 Super Money Credit Card can be a good option to save and build credit simultaneously.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit Kotak Mahindra Bank’s website.
Suggested Read: Best RuPay Credit Cards
Features & Benefits
Cashback Details
- Flat 5% cashback on non-UPI spends on Myntra1
- Flat 3% cashback on non-UPI spends on Cleartrip1
- Flat 2% cashback on non-UPI spends on Flipkart1
- Flat 1% cashback on all UPI spends2,3
Other Benefits
- Low forex markup fee of 2%
- FD starting at a minimum of Rs. 1,000
- 6% interest rate on fixed deposit
- 90% credit limit of FD amount
Kotak811 Super Money Credit Card: Fees & Charges
| Particulars | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Nil | ||||||||||||||||||
| Annual Fee | Nil | ||||||||||||||||||
| Finance Charges | 3.5% per month (42% per annum) | ||||||||||||||||||
| Late Payment Fee |
|
Things to Know Before you apply
Get this card if
You are new to credit and planning to start your credit journey, but are not eligible for unsecured cards
You frequently spend on partner brands like Myntra, Cleartrip, and Flipkart
You are looking for a credit card that offers cashback on UPI spends
You want a lifetime free credit card with no annual or joining fee and basic benefits
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What do we like about this card?
With accelerated cashback on top brands like Myntra, Flipkart, and Cleartrip, this card covers two major spending categories, travel and shopping. While 1% cashback on UPI may seem low, it is still a decent benefit considering that, despite being a co-branded card, it offers 1% cashback on UPI spends made outside the super.money app, allowing cardholders to save on day-to-day spends. This card also comes with a low forex markup fee of 2%, making it a better fit for international spends. However, do note that apart from cashback on partner brands and UPI spends, the card does not offer any additional benefits.
Pros
- Lifetime free card with no joining or annual fee
- Up to 5% cashback on popular partner brands
- 1% cashback on all UPI spends
- Low forex markup fee of 2%
- Available against a minimum FD of Rs. 1,000
- Quick approval with instant virtual card issuance
Cons
- No additional travel or lifestyle benefits such as lounge access
- No benefits on general spends outside partner and UPI categories
Frequently Asked Questions
Everything you need to know about this credit card
You can apply for Kotak811 Super Money Credit Card online through Kotak811 app or the official Kotak Mahindra Bank website. You are required to open a Kotak811 account, create a fixed deposit of at least Rs. 1,000, and apply for the card linked to your FD.
Since this is a secured credit card backed by a fixed deposit, there is no minimum credit score requirement. It’s a great choice for individuals who are new to credit or have a low credit score and wish to build or improve their credit history.
You cannot withdraw or break your fixed deposit as long as the credit card is active, since the FD acts as collateral for your card limit. If you wish to withdraw your FD, you’ll need to close the credit card account first.
You can pay your Kotak811 Super Money Credit Card bill through multiple channels, via Kotak811 app, net banking, autopay setup, UPI, or through third-party platforms like BillDesk and payment wallets.
To increase your credit limit, you can increase the amount of your linked fixed deposit. The card limit is generally up to 90% of your FD value, so a higher FD amount automatically enhances your available credit limit.
Footnotes
- Cashback is offered on a min. transaction of Rs. 100 and is capped at Rs. 500 per month.
- Cashback is offered on a minimum transaction of Rs. 100. Cardholders can earn a maximum cashback of Rs. 500 per month for UPI spends through the super.money app, and Rs. 1,000 per month for UPI spends on other platforms.
- Exclusions from the cashback program: Agriculture, Property management, Utilities, Education, Government, Fuel, Transportation, Insurance, Railway, Transit, Dating and escort services, - Financial Institution, Money transfer, Political donations & Wholesale clubs.
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Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
