Archive · 27 Aug 2026
Kotak811 FD-Backed Credit Card Offers Path To Credit
Some people find it hard to get a credit card because they do not have income or a credit history.
The Kotak811 Dream Different Credit Card offers another option for eligible users.
They first place money in a fixed deposit with the bank.
The deposit acts as security for the card.
The card’s limit can be as high as 90% of the deposit.
The deposit can continue earning interest under its applicable terms.
Users must pay their card bills separately and on time.
Using the card carefully may help them build a credit history.
The Kotak811 Dream Different Credit Card is a secured card backed by a fixed deposit.
Eligible applicants do not need income proof or a prior CIBIL score to apply.
The card’s credit limit can be up to 90% of the linked fixed deposit.
The fixed deposit continues earning interest while serving as collateral for the card.
Timely repayments and responsible spending can help users build their credit history.
- Who
- Eligible customers, including people without regular income or an existing credit history.
- What
- Kotak811 Dream Different Credit Card offers secured credit against a linked fixed deposit.
- When
- The fixed deposit remains linked for the duration of the card; no launch date is specified.
- Where
- Through Kotak811 and its app; no specific location is stated.
- Why
- To give eligible first-time users access to credit and an opportunity to build their credit history.
- Security
- The card is issued against a fixed deposit that serves as collateral.
- Credit limit
- Up to 90% of the linked fixed deposit amount.
- Application requirement
- No income proof or prior CIBIL score is required, according to the article.
- Fixed-deposit interest
- The linked fixed deposit continues to earn interest according to applicable terms.
- Cashback
- 2% cashback on eligible spending, capped at ₹500 per month.
- Payment features
- The RuPay card supports UPI payments through the Kotak811 App and offers eligible UPI cashback.
- Limit increase
- Customers can link multiple fixed deposits to increase their credit limit.