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Federal BankThe Royale Signature credit card by IDBI bank is an entry-level shopping credit card. You don’t have to pay any annual membership fee for this card. Although it is a very basic card, you do get a few travel benefits like complimentary domestic lounge access and a personal air accident cover worth Rs. 25 lakh. Read on to learn more about this entry-level offering by the IDBI bank.
IDBI Bank Royale Signature Credit Card
Fees
Joining Fee
Renewal Fee
Best Suited For
Shopping |
Reward Type
Reward Points
Welcome Benefits
Movie & Dining
N/A
Rewards Rate
3 Delight Points per Rs. 100 spent using the card
Reward Redemption
Delight Points redeemable on the IDBI Delights portal for cashback, merchandise, flight tickets, mobile recharges, hotel reservations, gift cards, movie tickets, etc.
Travel
Delight Points redeemable for flight tickets on the IDBI Delights portal, complimentary domestic airport lounge access, air accident insurance cover worth Rs. 25 lakh.
Golf
N/A
Domestic Lounge Access
1 Complimentary domestic airport lounge access every quarter under the Visa domestic lounge program.
International Lounge Access
N/A
Insurance Benefits
Personal air accident cover worth Rs. 25 lakh
Zero Liability Protection
Cardholder not liable for any fraudulent transaction post reporting the loss of card to the bank
Spend Based Waiver
N/A
Rewards Redemption Fee
Rs. 99 + GST
Rewards Redemption Fee
Rs. 99 + GST
Foreign Currency Markup
3.5% of the transaction amount
Interest Rates
2.5% per month
Fuel Surcharge
1% fuel surcharge waived off at all fuel stations across India for transactions between Rs. 500 and Rs. 4,000 (max waiver capped at Rs. 500)
Cash Advance Charges
2.5% of the transaction amount, subject to a minimum charge of Rs. 500.
Add-on Card Fee
Nil
- Reward Points are credited as Delight Points to your credit card account.
- 750 Delight Points on first usage of the card (min transaction of Rs. 1,500) within 30 days or 400 Delight Points on first usage of the card between 31 and 90 days.
- 3 Delight Points for every Rs. 100 spent using the card.
- 1% fuel surcharge waiver at all filling stations across India for transactions between Rs. 400 and Rs. 5,000 (max waiver capped at Rs. 500 per month).
- Personal air travel insurance cover worth Rs. 25 lakh.
- Complimentary domestic airport lounge access under the Visa domestic lounge program (max 1 lounge visit per quarter).
- Cardmember not liable for any fraudulent transaction post reporting the loss of card to the bank.
- Up to two add-on credit cards for the cardholder’s family members. Delight Points and credit limit are shared amongst the primary and all add-on cardmembers.
- Exclusive Visa offers on hotel reservations, car rentals, and airport shopping.
IDBI Bank Royale Signature Credit Card Welcome Benefits:
You get 750 Delight Points on the minimum expenditure of Rs. 1,500 in the first 30 days of card set up or 400 Delight Points on minimum spends of Rs. 1,500 between 31 and 90 days of card set up.
Rewards:
You earn 3 Delight Points for every Rs. 100 spent using the card.
Reward Redemption:
- The Delight Points earned can be redeemed on the IDBI Delights portal for hotel reservations, air ticket bookings, bus tickets, movie tickets, merchandise, gift cards, mobile recharges on the IDBI Delights portal.
- You can also redeem the Delight Points for cashback against the card’s outstanding balance.
- The monetary value of 1 Delight Point is Rs. 0.25.
- IDBI Delight Points are valid for a period of 3 years except for the month of accrual of the points.
Travel Benefits:
- Domestic airport lounge access under the Visa Domestic Lounge Program.
- Personal air accident insurance worth Rs. 25 lakh.
Airport Lounge Access:
You get 1 complimentary lounge access at domestic airports across India under the Visa Domestic Lounge program.
Insurance Benefits:
The card gives you a complimentary air accident cover worth Rs. 25 lakh.
Add-on Credit Cards:
You can get up to 2 add-on credit cards for your family members (spouse and children above the age of 18) at no extra cost.
Zero Liability Protection:
The cardmember is not liable for any unauthorized transaction made using the card post reporting the loss of card to the bank.
Eligibility Criteria for IDBI Bank Royale Signature Credit Card:
- The age of the primary cardmember must be between 21 years and 60 years (for salaried applicants) or 65 years (for the self-employed applicants).
- Add-on cardholder(s) must be above the age of 18 years.
- Primary and add-on cardholder(s) must be resident(s) of India.
How to apply:
You can apply for the IDBI bank credit cards through the bank’s official website. You’ll need to submit a few documents for your application to be processed. Once your application is approved, the card will be mailed to you at your address.
Customer Care:
For any assistance regarding your IDBI credit card or to get it blocked, you may dial 1800 425 7600, 022 4042 6013, 1800 22 6999, or 022 67719100 from your registered mobile number.
Conclusion:
Considering that it is an entry-level offering by the bank, we can say that IDBI Royale Signature credit card offers you a decent reward rate (3 Delight Points per Rs. 100). You also get a couple of travel benefits like complimentary domestic lounge visits and a personal air accident cover worth Rs. 25 lakh. It can be a good pick for someone who’s just started their credit journey. You can also think of it as an alternative to the secure credit builder credit cards for young professions. What do you think of this entry-level card by IDBI bank? Do let us know in the comments. And if you’re an existing card user, don’t forget to share your experience.
