Kotak 811 Credit Card
DowngradeA quarter of a percent, three movie tickets, and a fee that mostly waives.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Read the ₹0.4L figure carefully: ₹1,200 of its ₹2,400 gross is a voucher or a hotel night, not points — worth that only if you would have bought it anyway.
Welcome: 500 bonus Reward Points on spending ₹3,000 within 30 days of card set-up
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Breaks even only by erasing its fee at ₹5,000 a month
At ₹5,000 a month — ₹60,000 a year — on the everyday mix this card returns ₹200 gross (earn ₹200) against a fee of ₹0 — the ₹500 is waived, the spend having cleared ₹50,000 a year = ₹200 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
2 notes on the card itself: how it is issued · the network variants
Kotak's 811 point is worth 25 paise on the rewards catalogue and ten paise as statement credit, with a 2,000-point minimum on the cash door — the bank halved that cash rate from 25 paise on 1 June 2025 while leaving the catalogue alone. Every rate on this card is priced at the catalogue figure, so take the cash and you are earning a tenth of a percent.
The take
The 811 card is Kotak's digital-first entry product and it earns like one: 2 Reward Points per ₹100 online, 1 per ₹100 offline, which is half a percent and a quarter of a percent at the 25-paise catalogue rate. The ₹500 fee waives on ₹50,000 of retail spend in the previous anniversary year, a bar most holders clear, so treat the card as free and judge the rewards. Two things bite. On 1 June 2025 Kotak cut education, wallet loading, fuel, rent, government, insurance and online skill-based gaming out of earning entirely, capped utility earn at the first ₹35,000 a statement cycle, and — separately — halved the cash redemption rate from 25 paise to ten with a 2,000-point floor. Those same excluded categories also stopped counting toward the milestone, which matters because the milestone is the best thing here: ₹75,000 in an anniversary year buys three PVR tickets worth ₹1,200, more than double what the base rate pays on that spend. Hit the milestone, waive the fee, and redeem on the catalogue rather than for cash. Do anything else and this is a card that pays you a rupee for every four hundred.
Your renewal — keep, downgrade or cancel
This card reaches break-even by ERASING its fee, not by out-earning it: the waiver is the decision.
Keep, downgrade or cancel
₹500/yr at stake · 5 spend bands
The charge ₹500/yr
The waiver ₹50,000 of spend in the year before renewal — about ₹4,167 a month — and the renewal fee is not charged.
Break-even ₹5,000 a month — ₹60,000 a year — is where this card's value crosses its fee, and it gets there by erasing the fee at the waiver rather than out-earning it.
At your spend
₹2,000 a year, net of the fee, at ₹3,00,000 of annual spend — this clears the waiver, so no fee is charged
₹2,700 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹4,200 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹10,200 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹16,200 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Kotak Mahindra Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 8 Sep 2026 Flying Blue splits award tickets into Light / Standard / Flex — a 25% rise for the same product a program these points reach
- 1 Jun 2025 Kotak's June-2025 fee wave washes over the premium deck issuer-wide
- 12 Feb 2025 RBI lifts Kotak's ten-month card-issuance ban issuer-wide
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- 3 complimentary PVR tickets worth ₹1,200 on ₹75,000 of anniversary-year spend
- ₹500 annual fee waived on ₹50,000 of retail spend in the previous anniversary year
- 2 Reward Points per ₹100 online — 0.5% at the catalogue rate
- 500 bonus points for spending ₹3,000 in the first 30 days
- 1% fuel surcharge waived between ₹500 and ₹4,000 a transaction, up to ₹3,500 a calendar year
Watch out
- Statement credit pays ten paise a point since 1-Jun-2025, down from 25, with a 2,000-point minimum
- Education, wallet loading, fuel, rent, government, insurance and online skill-based gaming earn nothing
- Utility spend earns only on the first ₹35,000 a statement cycle
- Those same excluded categories do not count toward the ₹75,000 milestone either
- No lounge access of any kind
- Kotak publishes no Key Fact Statement for this card — the fees here come from the bank's schedule of charges, not a per-card KFS
What these points actually fly
No live transfer route takes Kotak Reward Points into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Does your spend count toward the fee waiver?
not published — and we say which
₹50,000 a year is the bar that waives the ₹500 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. Kotak Mahindra Bank states what the Kotak 811 Credit Card earns, but has not published which spend categories count toward the fee waiver and the milestones — the ₹50,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
Kotak Mahindra Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 30 Sept 2026Dream Different's unredeemed reward points expire after 30 September 2026Reward points accrued on the Dream Different Credit Card up to 31 March 2026 sitting in the account with no stated expiry date → A hard forfeiture date — "After 30th September, 2026, any unredeemed Reward Points will automatically expire"
The second half of the note that closed the programme is the part holders can still act on. Kotak's cardholder agreement gives every Dream Different point accrued up to 31 March 2026 a six-month redemption window that shuts on 30 September 2026, after which unredeemed points are forfeited outright. At the agreement's own conversion rate of 25 paise per point, a year of the card's headline 4-points-per-₹100 online earn on ₹1 lakh of online spend is roughly 4,000 points, about ₹1,000 — small money, but money that becomes zero on 1 October. Points redeem against the Kotak catalogue (flights, hotels, vouchers, merchandise) or as a statement credit through the rewards portal or the contact centre, each with its own minimum, so a last-week redemption risks missing the date on processing alone.
- 8 Sept 2026Flying Blue splits award tickets into Light / Standard / Flex — a 25% rise for the same product
- 1 Sept 2026Kotak's Dream Different joining fee goes ₹250 → ₹424 and the waiver disappears
- 1 Sept 2026Kotak halves dynamic currency conversion on Dream Different, 3.5% to 2%
- 1 Apr 2026Kotak discontinues the reward points programme on Dream Different
- 1 Jun 2025Kotak guts Privy League Signature and pulls it from sale
- 1 Jun 2025Kotak's June-2025 fee wave washes over the premium deck
- 12 Feb 2025RBI lifts Kotak's ten-month card-issuance ban
Every Kotak Mahindra Bank change we've dated → 8 events since 2022, 5 of them nerfs — worst year 2026.
Verified against Kotak Mahindra Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 2 of them, each with the day we read it
- official Product page — 2 Reward Points per ₹100 online and 1 per ₹100 offline, 500 bonus points on ₹3,000 in 30 days, 3 PVR tickets at ₹75,000, and the 1-Jun-2025 exclusion revision
- official Retail Credit Card Agreement & Schedule of charges (31-Jul-2026) — Kotak 811 at ₹500 joining and ₹500 annual, waived at ₹50,000 of retail spend; points convert at 25 paise