Reported by: banking|Updated: August 1, 2020
Kotak Mahindra Bank launched the 811 #DreamDifferent credit card, specially tailored for Kotak 811 customers based on their banking preferences. The card offers a completely digital experience, right from applying for it till the time the card reaches the customer. Kotak 811 customers can instantly apply for the card on the Kotak mobile banking app. New Kotak customers can also avail this card after opening an 811 savings account. Backed by a fixed deposit for as low as Rs.15,000, this lifetime free credit card is especially for customers who have no credit history, a low credit score or do not have any income documents to share. Ambuj Chandna, President – Consumer Assets at the bank, said the card is a lifetime free card with an up to 48-day interest-free credit period and a compelling rewards proposition on all online spends. He added this card is truly for all 811 customers – from the young student to the homemaker or senior citizen, for whom the common thread is that they are relatively new to credit and are looking for a credit card that will give them financial independence and help them fulfil their dreams and aspirations.