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Kotak 811

Kotak Mahindra Bank · ★★★½ 3.8/5
First Credit Card Budget Cards Online Shopping
Last verified: 2026-03-24

Key Details

FREE
Annual Fee
FREE
Joining Fee
3.5%
Forex Markup
None
Min Income (Annual)

Rewards

1% cashback on online spends, 0.5% on all other spends
Best For
Zero-fee card for beginners

Lounge Access

None
Fuel Surcharge Waiver
1% on ₹500-3000 transactions

Crediya's Verdict

Kotak 811 is the perfect first credit card. Zero fees, instant virtual card, and no income proof needed. The rewards are modest, but that's not the point — this card is for building credit history. Use it for 6-12 months, build a score of 750+, then upgrade to a premium card. Every credit card journey should start here or with OneCard.

Pros

✓ Zero annual fee — lifetime free
✓ No minimum income requirement
✓ 1% on online transactions
✓ Instant virtual card issuance
✓ Good starter card for credit score building

Cons

✗ Low reward rate (0.5-1%)
✗ No lounge access
✗ Low credit limit initially
✗ No premium benefits
✗ Cashback capped at ₹500/month

Hidden Fees & Charges

⚠ Late payment: ₹300-800
⚠ Cash advance: 2.5% (min ₹300)
⚠ Forex markup: 3.5%
⚠ Over-limit fee: 2.5%
⚠ Physical card delivery may take 7-10 days