Kotak UPI RuPay Credit Card vs Kotak 811 #DreamDifferent Credit Card

• The Kotak UPI RuPay Credit Card is issued entirely in digital form. No physical card is provided
• Card details are automatically registered under the Credit Card section of Kotak Mobile Banking after issuance
• The card can be connected with supported UPI applications and used for eligible merchant payments after setting a UPI PIN
• It is designed primarily for merchant UPI transactions. Credit cards linked to UPI generally cannot be used for person-to-person transfers, cash withdrawals or other transactions restricted under RuPay and NPCI rules
• Cardholders earn 3 Kotak Reward Points for every Rs. 100 spent on eligible transactions
• Reward points can be earned on both qualifying UPI purchases and regular card transactions completed virtually
• Regular virtual-card spending includes eligible online, e-commerce and international transactions
• Under standard non-cash redemption options, every 1,000 reward points are worth Rs. 100. This means one reward point ordinarily provides a value of Rs. 0.10
• A minimum of 1,000 reward points is required for redemption against regular options such as products, vouchers, recharge, movies or travel
• With effect from June 1, 2025, cash redemption provides a lower value of Rs. 0.07 per reward point
• Cash redemption requires at least 2,000 reward points
• Reward points may be redeemed through Kotak Rewards for mobile recharges, products, brand vouchers, movies, travel and other options available in the rewards catalogue
• Utility payments earn points only on spending of up to Rs. 35,000 in a statement cycle. Utility spending above this limit does not earn reward points
• Reward points are not earned on rent, fuel, railway, wallet-loading, EMI, education or balance-transfer transactions
• Insurance, government payments and online skill-based gaming transactions are also excluded from earning reward points
• Spending in excluded categories does not count towards any applicable milestone benefit
• The card has no joining fee and no annual renewal fee, making it lifetime free without any minimum-spending requirement
• Applicants must be at least 18 years old and must already hold an eligible Kotak Bank credit card

• No joining fee and annual fee
• Get 4 reward points against every Rs. 100 of online spends
• Get 1 reward point against every Rs. 100 of other spends
• Interest free cash withdrawal: Withdraw cash up to 90% of the total credit limit
• Balance Transfer: The processing fee of Rs. 349 per Rs. 10,000. Continued interest free period on fresh retail purchases. Simply call the bank to transfer other credit card balances
• Add-on Card: Add-on Cards will have all the benefits that  is available on the main on Card
• Fuel & Railway Surcharge waiver:  Get 1% across all petrol pumps for transactions between Rs. 500 and Rs. 3000, and 1.8%  for transactions on irctc.co.in and 2.5% Indian railway booking counters

The Milestone Reward Program for 811 #DreamDifferent Credit Card Rupay variant- Milestone Offer benefits will be as per below construct:

Spend Rs. 72,000 in a year and get Amazon vouchers up to Rs. 1000

1. Rs. 250 voucher on spend of Rs. 36,000 in anniversary year
2. Rs. 1000 voucher on spend of Rs. 72,000 in anniversary year

Existing customers will also be eligible for bonus offers as mentioned below on achieving the spends criteria of Rs. 75,000 in an anniversary year. Cardholder may select any one of the below options:

Redemption Option 1: Cashback of Rs. 750

• Claim cashback within 3 months after anniversary year gets over
• If claimed, the cashback will reflect in the next billing cycle

Redemption Option 2: 4 free PVR tickets

• Claim PVR tickets within 3 months after the anniversary year gets over
• PVR tickets can be used for any day and any show and are transferrable
• Star Pass Code will be issued which can be redeemed for online PVR Movie Ticket booking at www.pvrcinemas.com

Pros

• Lifetime free with no joining or renewal fee
• Supports merchant UPI payments through compatible UPI apps
• Earns rewards on eligible UPI and regular card transactions
• Instantly accessible as a virtual card through Kotak Mobile Banking
• Reward points can be redeemed for vouchers, shopping, travel, movies and recharges

Cons

• Available only to existing Kotak credit-card holders
• No physical credit card is issued
• Low effective reward rate of approximately 0.30% on regular redemptions
• No rewards on fuel, rent, EMI, education, wallet loading and several other categories
• No complimentary lounge access or fuel-surcharge waiver

Pros

• Get 4 reward points against every Rs. 100 of online spends
• Get 1 reward point against every Rs. 100 of other spends
• Spend Rs. 72,000 in a year and get Amazon vouchers up to Rs. 1000

Cons

• No complimentary golf/coaching sessions
• No Complimentary Airport Lounge Access