Have low credit score? Kotak Mahindra Bank offers lifetime free Kotak811 super.money credit card at just Rs 5,000 FD investment

Kotak Mahindra Bank, in collaboration with super.money, has launched the Kotak811 3-in-1 account. This account is a combination of a zero-balance savings account, a fixed deposit (FD), and a secured credit card named Kotak811 super.money. This is an FD-backed credit card. It is issued against a fixed deposit, with your credit limit being 90% of your FD value. The credit card can also be issued to a person with a low credit score.

What is Kotak811 super.money credit card?

Kotak811 super.money credit card is issued against a fixed deposit (FD) investment. You can apply for this card online after investing a minimum of Rs 1,000 in an FD. Some of the salient features of the Kotak811 super.money credit card are-

• Credit limit up to 90% of your FD
• Lifetime free card (no annual fee)
• Attractive interest rates on FD
• Cashback benefits on eligible spends
• Life-time free credit card condition

The Kotak 811 super.money credit card is a lifetime free card with no joining or annual/renewal fee. If the customer opts for a physical card they will have to pay a minimal delivery fee of 250 rupees in case their FD is less than Rs5000.

Kotak811 Super Money credit card interest rate charge

Kotak811 Super Money credit card carries an interest rate of 3.50% per month, equivalent to 42% annually. A fee of Rs 100 is charged for every ATM withdrawal and fund transfer.

Kotak Mahindra Bank is also changing its credit card charges from December 5, 2025.

Kotak Mahindra Bank late credit card payment charges

Clarifications in terms of overlimit facility

As per Kotak Mahindra Bank rules, a Kotak811 super.money credit cardholder must not exceed his cash limit under any circumstances. However, the bank at its sole discretion and only upon obtaining the cardholder’s consent, may permit the use of an overlimit facility. This facility is extended purely as a service gesture and with the intent to facilitate spends.

Important FAQs

Can I withdraw my fixed deposit after getting the credit card?

Yes, you can withdraw your FD. However, your credit limit will be reduced proportionately based on the remaining FD amount.

Will my fixed deposit continue earning interest while linked to the credit card?

Absolutely! Your FD continues to earn interest at the prevailing rate even while securing your card.

What happens if I miss my Credit Card payment?

Delayed payments attract interest and late fees

Your credit score may be impacted

Persistent default beyond 60 days can lead to FD liquidation to recover dues

Can I close the credit card anytime?

Yes, you can close your card anytime after clearing all outstanding dues.