Get a Credit Card Against FD With Only Rs 5000!
For far too long: most types of credit cards have been available to only employed individuals earning a certain amount of money, with a solid credit profile. This has largely left a major demographic of people with little to no access to credit cards. Students, homemakers, young professionals, retirees, and many others: all fell under this category. Not only are they denied access to credit cards: they also don’t have much scope to build credit scores which will help get better loan offers, rent, etc. Fortunately, the game is changing and products like Kotak 811's DreamDifferent Credit Card are driving this.
Breaking Barriers with Better Banking
DreamDifferent, backed by Kotak 811, is a credit card against a Fixed Deposit (FD). Also called a “secured credit card”, this product lets individuals open an FD with Kotak811, and get a credit card. Even with a minimum deposit of Rs 5000, customers can unlock a world of financial opportunities. 90% of the FD amount becomes the monthly credit limit which can be spent through the card. This also prevents overspending and exceeding financial capabilities. And the best part? If users pay off their monthly bills on time, or even if they don’t spend at all, their FDs continue to earn interest till maturity.
The Benefits of Kotak811’s DreamDifferent Credit Card
- Interest-Free Cash Withdrawals: Enjoy the flexibility of interest-free cash withdrawals up to 90% of your total credit limit.
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Rewards on All Purchases: Earn 2 reward points against every
100/- of online spends and 1 reward point against every 100/- of other* spends. -
500 Bonus Reward Points: Receive 500 bonus reward points on 5000/- spent in the first 45 days.
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Cashback on Annual Spends: Avail 750/- cashback on annual spends of 75,000/-.
- Interest-Free Cash Withdrawal Period: No interest will be charged up to 48 days on cash advances.
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High Credit Limit: Enjoy a high credit limit, up to 16 Lakhs.
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Fuel and Railway Surcharge Waiver: Benefit from a 1% surcharge waiver across all petrol pumps for transactions between 500/- and 3000/- (max. 3500/year), and 1.8% for transactions on irctc.co.in & 2.5% at Indian railway booking counters (max 500/year).
- No Joining and Annual Fees: DreamDifferent comes with no joining or annual fees, making it a cost-effective choice for users.
- Add-on Card Benefits: Your add-on card will mirror all the benefits of your primary card. Set the spend limit on your add-on card as you desire and track spends separately.
Your Path to Better Credit Can Begin with Rs 5000
DreamDifferent is not just a credit card; it's a catalyst for financial transformation. Here's a step-by-step guide on how to embark on your journey to financial freedom:
- Open a Fixed Deposit with Kotak 811: Begin your journey by opening a Fixed Deposit with a minimum amount of Rs 5000 through Kotak 811. The simplicity of the process ensures that anyone aged 18 and above can initiate this step.
- Apply for DreamDifferent Credit Card Against FD: Once your Fixed Deposit is in place, the next step is to apply for the DreamDifferent Credit Card. The secure nature of the card, tied to your FD, removes the hurdles associated with eligibility requirements for conventional credit cards, allowing you to step into the world of credit with confidence.
- Enjoy the Benefits: DreamDifferent isn't just about credit; it's about empowerment. Avail the benefits that come with the card, from special offers to rewards, and watch as your financial possibilities expand.
Why DreamDifferent?
- Inclusive Approach: DreamDifferent breaks the mold set by most types of credit cards by providing credit card access to a diverse range of individuals. Whether you're unemployed, non-salaried, or building credit from scratch, this card is tailored for you.
- Financial Security: With the credit card linked to your Fixed Deposit, you have the assurance of financial security. The minimum FD requirement of Rs 5000 makes it an attainable option for many who may have been excluded from traditional credit card offerings.
- Building a Credit Profile: DreamDifferent isn't just a credit card; it's a tool for shaping your financial future. Use it responsibly, and watch as it becomes a stepping stone towards establishing a robust credit profile.
A Dream for Everyone
In a country where credit access has been a privilege rather than a right, the Kotak811 DreamDifferent flips the script. Your journey towards a credit-enabled future could easily begin with an investment of Rs 5000. Experience financial inclusion at its finest, build your credit profile, and enjoy the perks of being different. Apply today to redefine your credit and finances!
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