Kotak Mahindra Bank

Kotak811 Dream Different Credit Card

2% cashback on most spends, including UPI payments made in the Kotak811 app, but only in billing cycles where you spend ₹15,000 or more. Cashback is capped at ₹500 a cycle (of which at most ₹200 from UPI) and ₹100 a transaction, and you claim it in the 811 app into your Kotak savings account. Fuel, rent, wallet loads, insurance, gold, gaming and EMI spends earn nothing.

₹424 joining, no annual fee
Works on UPI (RuPay)
RuPay

View on Kotak Mahindra Bank siteIssuer's site. We don't earn from this card.

Good

2% on UPI: 2nd of 30 UPI and RuPay cards we compare
Works on UPI and earns 2% there
Low forex markup (2%)
No income proof needed: issued against a fixed deposit

Watch out for

Tight cap: rewards on UPI stop after about ₹10,000 of spend a month
Earns nothing on fuel, insurance, wallet loads and rent

Who it's for: People whose spending matches its best category: UPI.

Worked out from the bank's published terms with the same rules for every card, never from what we earn. How we judge cards.

Rewards (value back as % of spend)

Everyday spends: 2% (base rate)
Online shopping: 2%
Fuel: 0%
Groceries: 2%
UPI: 2%
Travel: 2%
Bills and utilities: 2%
Dining and food delivery: 2%

Fees and charges

Joining fee: ₹424
Annual fee: Free
Fee waiver: No annual fee. Since 1 September 2026 a ₹424 joining fee (about ₹500 with GST) is charged when you activate the card, with no waiver. The product page still advertises no joining fee as a limited-period offer, so check the fee shown when you apply. The metal version costs ₹3,500 to join.
Forex markup: 2%
Fuel surcharge waiver: 1% waiver on fuel transactions of ₹500 to ₹4,000, up to ₹3,500 per card anniversary year. A 1% fee applies once fuel spend passes ₹25,000 in a statement cycle.

Benefits and eligibility

Airport lounge: None
Card network: RuPay
UPI payments: Yes, as a RuPay credit card
Minimum income (salaried): Not published by the bank
Eligibility: Issued against a Kotak Mahindra Bank fixed deposit of ₹10,000 or more (up to ₹20 lakh) with a term of at least 181 days; the limit is up to 90% of the FD, and you can link more FDs to raise it. Age 18 to 75, Indian resident with an active PAN (NRIs can apply only offline). No income proof or credit score is needed. Tax-saver, NRI, sweep-in, non-withdrawable and minors' FDs can't be used, nor FDs at other banks, and the FD can't be broken while the card is open. Kotak's general card terms give a lower limit (80% of the FD) and a longer minimum FD term (one year and a day) than the product page, so the limit you get may differ. Cashback needs a Kotak savings account. Issuance at Kotak's discretion.

Fees exclude GST. Reward rates are the value back you get at the bank's published redemption value; where a bank doesn't publish what a point is worth, we leave the rate blank rather than guess. See how we compare cards.

Compare it with other cards

Ready to apply for the Kotak811 Dream Different Credit Card?

View on Kotak Mahindra Bank siteIssuer's site. We don't earn from this card.

CreditParakh is not a bank or lender. Approval, limits and final terms are decided by Kotak Mahindra Bank.

What changed recently

1 Sept 2026FeesWorse for you
Joining fee rose from ₹250 (waived if the credit limit was ₹18,000 or more) to ₹424, with no waiver.
Before: ₹250, waived with a credit limit of ₹18,000 or more · After: ₹424, no waiver
₹424 plus GST is about ₹500. The product page still shows 'no joining fee' as a limited-period offer.
Bank's notice or terms
1 Sept 2026RewardsNeutral
A cashback programme started: 2% on eligible spends, including UPI in the Kotak811 app, in billing cycles with ₹15,000 or more of spend, up to ₹500 a cycle.
After: 2% cashback, ₹15,000 minimum spend per cycle, ₹500 cap per cycle (₹200 from UPI)
Applies from billing cycles starting in September 2026. The earlier reward structure isn't on a current official page, so we can't say whether this is better or worse.
Bank's notice or terms
1 Sept 2026FeesBetter for you
Markup on rupee-billed payments at foreign merchants (dynamic currency conversion) fell from 3.5% to 2%.
Before: 3.5% · After: 2%
Bank's notice or terms
1 Sept 2026FeesWorse for you
New ₹170 fee if you cancel the card within 90 days of issue.
Before: No fee · After: ₹170 if cancelled within 90 days
Bank's notice or terms

All card changes, month by month

Questions people ask

Is the Kotak811 Dream Different Credit Card worth it in 2026?

Only if most of your spending is on UPI. The catch: tight cap: rewards on UPI stop after about ₹10,000 of spend a month.

Is the Kotak811 Dream Different Credit Card lifetime free?

No. It costs ₹424 to join and ₹0 a year, plus GST. No annual fee. Since 1 September 2026 a ₹424 joining fee (about ₹500 with GST) is charged when you activate the card, with no waiver. The product page still advertises no joining fee as a limited-period offer, so check the fee shown when you apply. The metal version costs ₹3,500 to join.

Does the Kotak811 Dream Different Credit Card work on UPI?

Yes, it's a RuPay card, so you can link it to UPI apps for merchant payments; it earns 2% on UPI spends.

Does the Kotak811 Dream Different Credit Card give airport lounge access?

No complimentary airport lounge access.

What earns no rewards on the Kotak811 Dream Different Credit Card?

No cashback on fuel, rent, wallet loads, insurance, gold purchases, gaming apps, betting and lottery, money transfers, wholesale clubs, business-to-business merchants, EMI transactions, ATM withdrawals, or refunded and reversed transactions; these also don't count towards the ₹15,000 minimum. UPI payments through other apps don't earn. Cashback is lost if the previous statement's minimum due wasn't paid through Kotak's app or net banking, if any dues are overdue, or if you don't claim it within 30 days.

Is there a limit on rewards with the Kotak811 Dream Different Credit Card?

2% cashback is capped at ₹500 a billing cycle across all spends, reached at ₹25,000. It is paid only in cycles with at least ₹15,000 of eligible spend, and each transaction earns at most ₹100. UPI cashback counts only for payments made in the Kotak811 app and is capped at ₹200 a cycle (reached at ₹10,000), within the ₹500 total.

Who can get the Kotak811 Dream Different Credit Card?

Issued against a Kotak Mahindra Bank fixed deposit of ₹10,000 or more (up to ₹20 lakh) with a term of at least 181 days; the limit is up to 90% of the FD, and you can link more FDs to raise it. Age 18 to 75, Indian resident with an active PAN (NRIs can apply only offline). No income proof or credit score is needed. Tax-saver, NRI, sweep-in, non-withdrawable and minors' FDs can't be used, nor FDs at other banks, and the FD can't be broken while the card is open. Kotak's general card terms give a lower limit (80% of the FD) and a longer minimum FD term (one year and a day) than the product page, so the limit you get may differ. Cashback needs a Kotak savings account. Issuance at Kotak's discretion. Approval is at the bank's discretion.

How we checked this card: the CreditParakh team read Kotak Mahindra Bank's own terms and product page on 20 Oct 2026. Every fee, rate and rule above comes from those pages; where they disagree, we say so. We re-check every card monthly and log changes on card changes. See our editorial standards.

Last verified 20 Oct 2026 on Kotak Mahindra Bank's official page. Fees and rewards change; check the issuer's terms before you apply.

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