New Kotak811 super.money Credit Card Launched

After the Axis SuperMoney RuPay Credit Card and Utkarsh Small Finance superCard Credit Card, Flipkart-backed super.money has launched another co-branded card, this time in partnership with Kotak811.

This latest FD-backed credit card is designed specifically for individuals with zero credit history. With no joining or annual charges, a low minimum fixed deposit requirement, and a reasonable interest rate, the card aims to encourage those who are looking to start building or improve their credit score.

The Kotak 811 super.money Credit Card is lifetime free only for those customers who make a Fixed Deposit of ₹5,000 or more. If the Fixed Deposit is less than ₹5,000 and you choose a physical card, a joining fee of ₹249 (excluding taxes) will apply.

What to Expect from the Latest super.money Co-Branded Offering?

The Kotak811 super.money Credit Card, although officially launched, is not yet available for immediate issuance. However, those interested can join the waitlist. The card is expected to offer benefits similar to the previous co-branded super.money credit card offerings.

• Flat 5% cashback on Myntra
• Flat 3% cashback on Cleartrip
• Flat 2% cashback on Flipkart
• Flat 1% cashback on all UPI spends

Bottom Line

Just like the other super.money co-branded cards, this card also doesn’t offer any particularly exciting rewards. So far, only the Axis Bank SuperMoney co-branded card stands out, as it provides a notably high return rate on UPI spends. Despite the new Kotak811 super.money Credit Card being promoted as a high rewards product, in reality, it does not offer anything exceptional.

This is a simple secured credit card that can be availed against a minimum fixed deposit of ₹1,000. However, it’s important to note that the required FD amount may be higher if you want a physical card.

This card is ideally suited for individuals who are getting their first credit card or looking to start building their credit score. For users who already have existing credit cards, there are no unique benefits here that would make it a compelling addition.

That said, it’s still good to see super.money expanding its digital footprint in India, offering cashback on UPI, and now having three credit cards in its lineup.