Our Money Guide

Kotak Mahindra Bank has 3 attractive lifetime free cards for different profiles of customers –

  • Kotak Bank #811 Dream Different Credit Card – Best beginner card for building credit history
  • Kotak Best Price Credit Card – Best business card for Best Price users
  • Kotak Wealth Management Infinite Credit Card – Best for private banking customers of Kotak Mahindra Bank

Annual fee is what you pay to keep the credit card. Lifetime free cards are cards with no annual fee.
Free cards are simple to understand since you do not have to analyse whether the benefits of the card justify the annual fee of the card.

We shall take a deeper look into these 3 credit cards below.

Kotak Bank #811 Dream Different Credit Card

Kotak Bank #811 Dream Different Credit Card

Overview of the Kotak Bank #811 Dream Different Credit Card

Fixed Deposit based Card / Instant Approval CardCredit card issued against your fixed deposit, for customers between 18 years and maximum 75 years of age –

For Non-811 saving account customers: minimum fixed deposit amount is ₹ 10,000
For 811 saving account customers: minimum fixed deposit amount is ₹ 5,555

Income documents not required , credit history not required

Flexible credit limit , upto 80% of Fixed Deposit amount.

You can choose a credit limit of your preference –  upto ₹16,00,000.
Lifetime free credit cardThere are no annual fees on this card.

Welcome offer of 500 bonus reward points worth ₹125 (when you spend a minimum of ₹5,000 , within 45 days of activating your card)
Special Benefit – 0.50% Benefit on Online SpendsYou earn 2 points or ₹0.50 (since 1 point = ₹0.25),  on every ₹100 you spend on online purchases
Basic Benefit – 0.25% Benefit on Other SpendsYou earn 1 points or ₹0.25 (since 1 point = ₹0.25),  on every ₹100 you spend on all other spends

You can redeem points for mobile recharge, shopping, e-vouchers, movies, travel, and more through Kotak Rewards . You can also pay with your reward points using Kotak PayByPoints by converting your reward points into currency at merchant outlets

Reward points are valid for 2  years.
Milestone Benefit : Additional benefit of upto 1% , on achieving yearly card spend target of ₹75,000On achieving yearly card spend target of ₹75,000 , you get either –

– Cashback of  ₹750/- (cashback will reflect in the next billing cycle)

– 4 free PVR tickets (tickets can be used for any day and any show. Star Pass Code will be issued for online redemption at

These offers need to be claimed within 3 months of the card anniversary date. You can always check your anniversary period in the Milestone tab of your Mobile banking or Net banking.
1.8 % – 2.5 % Railway Surcharge WaiverThe card offers a Surcharge Waiver for Railway ticket bookings –

– 1.8% for transactions made on the IRCTC website

– 2.5% for transactions made at Indian railway booking counters,

– Maximum waiver of ₹500 per year.
1% Fuel Surcharge Waiver1% Fuel surcharge waiver at ALL fuel stations –

– On ALL fuel transactions ranging from ₹500 – ₹3,000 AND

– On fuel purchases upto ₹3,50,000 per year, since waiver capped at ₹3,500.

– You need to meet both the above conditions to be eligible for fuel surcharge waivers
Other Important Fees & ChargesLate payment fee : ₹250, for any amount over ₹0

Over limit charges : Zero

Foreign markup fee : 3.50% of transaction amount
Interest-free Cash withdrawalYou can withdraw cash up to 90% of your total credit card limit

No interest charged on cash withdrawals (unlike most other credit cards).

A processing fee of ₹300 is charged per ₹10,000 withdrawn, hence ideally one should withdraw only in case of an emergency
24/7 customer supportPlease click here for all the options to contact the bank for various issues and escalations – https://www.kotak.com/en/customer-service.html
How do I apply ?1. Login to your Kotak Mobile Banking app or website and click on “Credit Card” in the Apply Now section.

2. Check the features of the credit card and select “Continue”.

3. Choose your credit card delivery address.

4. Confirm that you are not a director of any bank.

5. Select your credit limit, which is upto 90% of your fixed deposit amount.

6. Set up fixed deposits – Choose from existing FDs or open a new one and fund it through various options such as debit card/net banking, NEFT/IMPS, etc.

7. Enter the details of the fixed deposit and confirm.

8. Accept the terms and conditions and confirm the FD details.

9. You will receive an application reference number and the credit card will be delivered within 7 working days.

You can visit any of the nearest branches of the bank and talk to an executive regarding the process. To find the branch nearest to you, visit here.

Pros and Cons of Kotak 811 Credit Card

  • The card is lifetime free
  • It is issued against a fixed deposit (secured card) and is ideal for building credit history. Hence it is an ideal card for those with no credit history or those whose credit history is not very good. And is also ideal for those who do not meet the income criteria. Like students, housewives etc.
  • It offers flexible credit limit upto INR 16 lakhs
  • If you meet the milestone benefit, you can get over 1% benefit rate on all spends, which is quite good for an entry level free card
  • In addition to Fuel Surcharge Waiver, cardholders also get Railway Surcharge Waivers ranging between 1.8% (on the IRCTC website) and 2.5% (on Indian railway booking counters) – making it a good domestic travel card.
  • Benefits on secured cards can be lower than other credit cards

Kotak Wealth Management Infinite Credit Card

Kotak Wealth Management Infinite Credit Card

Overview of the Kotak Wealth Management Infinite Credit Card

Invite Only premium card – for Kotak Private Banking clients
Primary cardholder needs to be a Kotak Private Banking client, and a resident of India

Primary Credit Card holders should be between 21 years to 65 years. Add-on Card holder can be 18 years and above

Locations – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune
Attractive Golf Benefits2 complimentary golf rounds per month. 

You can also invite two friends to play a complimentary round, once every quarter.
4 free visits every quarter – to Airport Lounges in IndiaFor list of lounges, please check lounges under Set B here.
Premium level of customer servicesInstant Assistance through premium concierge services

– Arranging reservations for hotel and dining

– Flight ticketing assistance

– Booking tickets for special events and performances

– Spa & Fitness Centre information

Priority Attend

Instant assistance on SMS – Simply text ‘KPRIVY’ to 5676788, and a representative will call you back within 30 minutes with a resolution.
Higher & Flexible Credit LimitYou get a minimum credit limit of ₹10 Lakhs, AND the option for instant credit limit increase to accommodate your big purchases.
Personalised Card DesignThe card is designed for you – it carries a unique handcrafted illustration of the cardholder’s image on the face of the card.
Bonus Reward PointsYou enjoy 800 Reward points worth ₹800 every month
Fuel & Railway Surcharge Waiver1% fuel surcharge waiver –

– 1% fuel surcharge waiver  across all petrol pumps in India, for transactions between ₹400 and ₹4000 AND
– on maximum fuel spends of ₹4.50 lakhs a year (since maximum fuel surcharge waiver is ₹4500 per year)

Additionally, you can get a railway surcharge waiver of 1.8% (on www.irctc.co.in) to 2.5% (Indian Railways booking counter). Capped at maximum ₹500 per month.
Important Fees & ChargesAnnual fee – zero

Over limit charges : Zero

Foreign markup fee : 3.50% of transaction amount

Late payment fee

Overdue amount less than or equal to ₹500 : ₹100

Overdue amount between ₹500.01 and ₹10,000 : ₹500

Overdue amount ₹10,000 or more : ₹700

Pros and Cons of  Kotak Wealth Management Infinite Credit Card

    • Life time free premium card
    • Good card for golfers – 2 free rounds per month, and 1 free round for per quarter for 2 friends
    • Premium level of customer services – dedicated assistance within 30 minutes through a simple SMS service , and also premium concierge services which ensures personalised services and saves precious time
    • 4 complimentary visits every quarter to Dream Folks Lounges located across India.
    • Approx INR 10,000 per year (INR 800 per month) worth of rewards, for simply holding this free lifetime card
    • Fully personalised card – face of the card has a unique handcrafted illustration of yours, making it stand out immediately from most other cards
    • Good card to pair with other premium cards which have more benefits – since it is lifetime free
    • Very limited availability since it is only given to private banking clients of Kotak Bank, that too in select cities across India.

Kotak Best Price Credit Card

Kotak Best Price Credit Card

Overview of the Kotak Best Price Credit Card

Credit Card for small business owners – who buy from Best Price wholesale storesCardholders need to be members of Best Price Flipkart Wholesale, a Wal-Mart venture

Users enjoy discounts & cashbacks at Best Price stores
No Annual FeeThere are no annual fees or joining fees associated with this card.
14-Day Credit CycleThe card offers free 14-day credit for every transaction, allowing users to make purchases and repay the amount within a two-week timeframe

This feature provides flexibility and convenience to the cardholders in managing their expenses and payments.
Add-on Card BenefitsUsers also get 2 add-on credit cards (which they can even give to their employees).

They can set the credit limit on these add-on cards, and also track the spends on these cards.

Pros and Cons of  Kotak Best Price

    • It’s a good business credit card for those small businesses who purchase from Best Price Flipkart Wholesale
    • It is a lifetime free card
    • You can give 2 Add-on cards to your employees for business expenses, set the card limits and track expenses on these cards. This can bring efficiency to your business operations.
    • It gives a free 14 day credit cycle , on each of your transactions
    • It does not have a attractive rewards program
    • The card has limited use since it is restricted to business transactions on Best Price stores.

A Detailed Review of the Kotak Best Price Credit Card

Features & Benefits of the Kotak Best Price Credit Card

14-day Credit Cycle Which Refreshes on Every Transaction.
  • Every transaction made on the credit card refreshes the credit cycle, giving you more time to make the payment.
  • This feature ensures that you have more time to manage your cash flow and pay off your outstanding balance.
  • You can also set up auto-debit instructions to pay the minimum amount due or the full amount due, as per your convenience.
  • However, it is important to note that interest charges will be applicable on any outstanding balance beyond the due date.
2 Free Add-on Credit Cards
  • Customers can avail up to two free add-on credit cards for their family members or business employees to make purchases on their behalf.
    • These add-on cards will have the same features as the primary card and the monthly statement of purchases made will be sent along with the primary credit card statement.
    • Customers can also preset a purchase limit for the add-on cards, up to the credit limit, by contacting the customer service centre.rds.
No Joining or Annual Fee
  • The Kotak Bank Best Price Credit Card does not charge any joining or annual fee, not even for add-on cards. This means that you can add supplementary cards to your account without incurring any extra costs.

Eligibility Criteria

Eligibility CriteriaDetails
AgeNot Specified, but it should be over 18
Occupation Best Price store members (wholesalers, self-employed persons, and other businessmen as per store policy)
IncomeAs per Kotak Best Price Card policy
Credit ScoreGood credit history (generally over 700-750)
Required DocumentsID proof, address proof, income proof, and passport-size photographs, best price membership details

Other Benefits for the Cardholders

In-Store Assistance @ Financial Services HelpdeskWith the Kotak Best Price Credit Card, customers can access in-store assistance from their “Finance Associate” , at the financial services helpdesk located in their nearest Best Price store.

This service ensures that customers can receive timely help whenever they need it.
Phone HelpThis feature allows cardholders to easily reach out to the relevant Kotak customer support , through the contact numbers provided in the “Locate Us” section of the website.
24/7 customer supportPlease click here for all the options to contact Kotak Mahindra bank for various issues and escalations – https://www.kotak.com/en/customer-service.html
Security FeaturesChip and PIN technology – security for offline transactions
– In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data.
– However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security.
– Only you know your PIN, so even if your credit card is lost, it is unlikely to be misused since BOTH the physical card and the PIN is required to spend on the credit card.

Two-factor authentication – security for online transactions
– When making an online transaction, you approve your online transaction by using a One-time Password (OTP) you get on your mobile phone.
– Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone.
– This ensures a safe online purchase experience.

SMS alerts and notifications – for both offline and online transactions
– For your peace of mind, you get free SMS alerts and notifications for all your credit card transactions.-
– Hence you will know about all transactions on your credit card. In the unlikely scenario of misusing your credit card, you would still get these alerts and notifications – which will help you immediately block your credit card.

How do I apply for the credit card ?
– You need to contact Kotak Best Price Financial Advisor at the Credit Solution Helpdesk, at your nearest Best Price store.

Application Process for Kotak Credit Cards

Online Application process1. Visit the Kotak Credit Cards page on the official Kotak Mahindra Bank website

2. Browse through the various credit card options available and choose the Kotak Fortune Gold Credit Card.

3. Click on the “Apply Now” button to proceed with the application process.

4. Fill in the required details in the online application form, including personal and employment details, contact information, and income details.

5. Submit the application form along with the necessary documents such as identity proof, address proof, income proof, and passport-sized photographs.

6. Once your application is received, Kotak Mahindra Bank will review your application and verify the information provided.

7. Upon successful verification, you will receive a confirmation and your Kotak Fortune Gold Credit Card will be dispatched to your registered mailing address.
Offline (face to face) Application processAlternatively, you can also apply for the Kotak Fortune Gold Credit Card by visiting the nearest Kotak Mahindra Bank branch and submitting your application along with the necessary documents.To find the branch nearest to you, visit here.


In conclusion, Kotak Bank offers a variety of lifetime free credit cards to cater to the diverse needs of its customers. Kotak 811 #DreamDifferent Credit Card is designed for the digital age, and is best for building credit history for those who do have a satisfactory credit history or for those who have no credit history. Kotak Wealth Management Infinite Credit Card is a good choice for high-net-worth individuals seeking exclusive privileges like free golf and premium level of customer service. While the Kotak Best Price Credit Card is ideal for small business owners who shop at Best Price stores.

Apply Now

on Kotak Mahindra Bank secure site

Frequently Asked Questions

What are Kotak Mahindra Bank Lifetime Free Credit Cards?

Kotak Bank Lifetime Free Credit Cards are credit cards that do not require the payment of any annual fee, for the entire duration of the card’s validity.

Are there any hidden charges with Kotak Mahindra Bank Lifetime Free Credit Cards?

There are no hidden charges with Kotak Mahindra Bank Lifetime Free Credit Cards. However, it is still recommended to read the cardholders’ agreement thoroughly.

Can anyone apply for a Kotak Mahindra Bank Lifetime Free Credit Card?

The eligibility criteria for a Kotak Bank Lifetime Free Credit Card varies depending on the specific credit card. However, all applicants are evaluated for their creditworthiness per Kotak Bank policy.

What is the credit limit on Kotak Bank Lifetime Free Credit Cards?

The credit limit on a Kotak Bank Lifetime Free Credit Card is determined by the bank’s assessment of the applicant’s creditworthiness.