Kotak Mahindra Bank • Lifetime free secured starter card for building credit
This card is aimed at users with no income proof or thin credit history because it is issued against a fixed deposit. It keeps the annual fee at zero and gives basic points on online and other spends. It should be judged as a credit building tool, not as a premium rewards card.
Annual fee ₹0; total with 18% GST is ₹0. Joining fee terms vary by official page and channel, including a ₹250 reference on the card listing and no joining fee in the FAQ, so the issued variant should be confirmed in the application. Other charges as per the issuer's MITC.
Kotak official material describes it as a lifetime free card and the current card listing shows annual fees of ₹0.
The official FAQ states 2 reward points on every ₹100 of online spends and 1 reward point on every ₹100 of other spends, with fuel and railway transactions excluded.