Kotak Royale Signature Credit Card vs HDFC Bank Regalia Credit Card

The Kotak Royale Signature Credit Card is an entry-level credit card that provides cardholders with reward points on the basis of the amount that they spend using the credit card. While the cardholders may get general reward points while they spend through the credit card, they will get accelerated reward points while spending on some specific categories. The cardholders will also get complimentary access to domestic airport lounges, fuel, and railway surcharge waivers, bonus reward points in the form of milestone benefits, etc. Though this credit card does not charge any joining fee from its customers, it does charge a renewal fee of Rs. 999 which can be waived off on the basis of the amount that you spend using your credit card.

On the other hand, the HDFC Bank Regalia Credit Card is a premium credit card providing some top-class services to card members. This card provides various rewards and deals on travel and lifestyle spending. You can earn reward points with this credit card on the basis of the amount you spend using this card. Along with complimentary Priority Pass Membership, the cardholders will also get complimentary access to the domestic and international airport lounges. You can bonus reward points if you are able to achieve a specific spending amount using your credit card. This card comes with a joining and renewal fee of Rs. 2,500. Spend-based waiver of the renewal fee is also available.
Both credit cards provide some great benefits to the customers in terms of travel and lifestyle but at some point are quite different from each other. Lets us discuss in detail the features and benefits provided by these credit cards to have a better understanding of both credit cards.

Kotak Royale Signature Credit Card

Kotak Mahindra Bank launched the Kotak Royale Signature Credit Card which is a basic credit card but provides a few great benefits and rewards to its customers. It not only provides reward points for your regular spends but provides higher reward points while you spend on some specified categories. Additionally, cardholders can earn bonus reward points on achieving annual spends. The cardholders will get complimentary access to the lounges at the domestic airport and will get surcharge waivers on fuel and railway transactions. The renewal fee of this credit card is Rs. 999 which can be waived off on the basis of the amount that you spend using your credit card. Following are the detailed benefits of this credit card-

• The cardholders will get 2 Reward Points for every Rs. 150 spent on all transactions made using this credit card. (except fuel and railway transactions)
• Accelerated 2x Reward Points for every Rs. 150 spent while spending on some specific categories that include hotels, restaurants, Airlines, Tour operators, Travel agencies, package tour operators, and international spends.
• With the Visa Lounge Program, the cardholders will get 2 complimentary domestic airport lounge access every year.
• A fuel surcharge waiver of 1% on transactions between Rs. 500 and Rs. 3,000 at all fuel stations in India. The waiver amount is capped at a maximum of Rs. 3,500 in a year.
• In addition to the fuel surcharge waiver, the cardholders will also get a railway surcharge waiver for the transactions made on the IRCTC Website or Indian Railway Booking Counters. The maximum waiver under this category is capped at a maximum of Rs. 500 in a year.
• You can get 10,000 bonus Reward Points as a milestone benefit only if you are able to achieve spends of Rs. 4 Lakhs using your credit card in an anniversary year.
• Additional 30,000 bonus Reward Points if the cardholder is able to spend an amount of Rs. 8 Lakhs or more using his credit card in an anniversary year.
• This card does not charge any joining fee but charges a renewal fee of Rs. 999 which can be waived off on spending Rs. 1 Lakh or more in an anniversary year.
• You can redeem the Reward Points earned with the Kotak Royale Signature Credit Card against various products and vouchers available at the Kotak Mahindra Bank website.
• For the purpose of redemption, 1 RP = Rs. 0.1875

HDFC Bank Regalia Credit Card

One of the premium credit cards by HDFC Bank, HDFC Bank Regalia Credit Card has been designed for that class of society who would like to enjoy a luxurious experience while traveling and spending. This credit card provides reward points across all spends made using this credit card. Since it is a premium credit card, the cardholders can enjoy various value-added benefits such as complimentary domestic and international lounge access, complimentary Dine-Out passport membership, insurance benefits, etc. This credit card comes with a joining and renewal fee of Rs. 2,500 which can be waived off on the basis of the amount that you spend using your credit card. Following are the detailed features and benefits that come along with the HDFC Bank Regalia Credit Card –

• The cardholders will get additional 2,500 bonus reward points once the card applicant has successfully paid the joining fee on the credit card.
• With the HDFC Bank Regalia Credit Card, the cardholders will get 4 Reward Points for every Rs. 150 spent on all transactions done using this credit card. These transactions will not include spends made on fuel, EasyEMI, and Wallet Transactions.
• The reward points earned on insurance transcations are capped at 2,000 points in a day.
• You get 12 complimentary access to domestic lounges in a year, limited to 3 per quarter.
• The cardholders will get 6 complimentary international lounge visits in a year with complimentary Priority Pass membership.
• You get a complimentary Dineout Passport Membership which offers the cardholders an assured flat 25% discount while dining at 2000+ premium restaurants, 1+1 on buffet at 200+ restaurants, an additional 5% off, and Zero convenience fee.
• With complimentary Dineout Passport Membership, the cardholders will also get early access to events and festivals such as Gourmetlicious.
• The cardholders will get a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000 at all fuel stations in India. The amount of fuel surcharge is capped at Rs. 500 per statement cycle.
• As a milestone benefit, you are rewarded with 10,000 Reward Points if you are able to achieve spends of Rs. 5 Lakhs or more in an anniversary year.
• You will be given additional 5,000 Reward Points on crossing spends of Rs. 8 Lakhs in an anniversary year.
• This card offers a low foreign currency markup fee of 2% which can help you in saving a lot on your international transactions.
• The renewal fee of HDFC Bank Regalia Credit Card can be waived off if you spend Rs. 3 Lakh or more using your credit card in an anniversary year.
• The Reward Points earned can be redeemed on the Smartbuy portal where 1 RP = Rs. 0.5 for redemption against flight and hotel bookings, 1RP = Rs. 0.35 for redemption against products and vouchers, 1 RP = Rs. 0.20 for cashback and 1 RP = 0.5 Air Mile for redemption against Air Miles.

Quick Comparison

Now that we have discussed the features of both the cards individually, let us now have a quick comparison between The Kotak Royale Signature Credit Card and The HDFC Bank Regalia Credit Card-

Basis	Kotak Royale Signature Credit Card	HDFC Bank Regalia Credit Card
Reward Rate	2 RP for every Rs. 150 spent. 4 RP for every Rs. 150 spent on selected categories.	4 RP for every Rs. 150 spent on all transactions except fuel, EasyEMI and wallet transactions
Reward Redemption	Can be redeemed against products and vouchers available at the Kotak Rewards Website. 1 RP = Rs. 0.1875	Can be redeemed on the Smartbuy portal 1 RP = Rs. 0.5 for redemption against flight and hotel bookings 1RP = Rs. 0.35 for redemption against products and vouchers 1 RP = Rs. 0.20 for cashback 1 RP = 0.5 Air Mile for redemption against Air Miles.
Fuel Surcharge Waiver	1% on transactions between Rs. 500 and Rs. 3,000	1% waiver on transactions between Rs. 400 to Rs. 5,000
Railway Surcharge Waiver	Yes, you get a railway surcharge while booking on the IRCTC website or at the Railway booking counters	NA
Welcome Benefits	NA	2,500 Reward Points on successful payment of joining fees
Dining Benefits	NA	Dine-out Passport Membership 5% additional discount with 0 convenience fee on 200+ partnered restaurants
Milestone Benefit	10,000 Reward Points on achieving spends of Rs. 4 Lakhs in a year. 30,000 Reward Points on achieving spends of Rs. 8 Lakhs or more in a year.	10,000 RP on achieving spends of Rs. 5 Lakhs in an anniversary year Additional 5,000 RP on achieving spends of Rs. 8 Lakhs in an anniversary year
Domestic Lounge Access	2 complimentary domestic lounge access in a year	12 complimentary visits in a year, limited to 3 per quarter
International Lounge Access	NA	6 complimentary visits in a year
Joining Fee	NIL	Rs. 2,500 + Taxes
Renewal Fees	Rs. 999 + Taxes (Can be waived off on spending Rs. 1 Lakh or more in the previous year)	Rs.2,500 + Taxes (Can be waived off on spending Rs. 3 Lakhs or more in the previous year)
Eligibility	The applicant should be a resident of India. Issued to both salaried and self-employed individuals between the age of 21 years to 65 years. The applicant should have an annual income of Rs. 24 Lakhs or more.	Issued to salaried individuals between the age of 21 years and 60 years and having a minimum income of Rs. 100,000 or more per month Issued to self-employed individuals between the age of 21 years and 65 years and having a minimum income of Rs. 12 Lakhs per annum as per ITR

Bottom Line

The Kotak Royale Signature Credit Card is a great credit card that provides exciting benefits to cardholders while they continue to spend using their credit card. The milestone benefits that you get with this credit card are a great attraction for the customers. With this credit card, the cardholders will also get a railway and fuel surcharge waiver, complimentary access to the domestic airport lounges, and many other benefits. On the other hand, the HDFC Bank Regalia Credit Card is a premium credit card providing amazing rewards and benefits to credit cardholders.

Not only reward points, but this card also provides various other benefits such as additional reward points, complimentary access to domestic and international airport lounges, amazing dining benefits, etc. The cardholders also get milestone benefits with this credit card. Both the credit cards provide some unmatched benefits to cardholders but the customers will have to decide on the basis of their own needs and demands that which card they would like to opt for.

For any more queries related to these cards, please feel free to ask us in the comment section below!