By Bharti Bisht
Updated On September 10, 2021

The Kotak Royale Signature Credit Card is a basic card issued by the Kotak Mahindra Bank in order to provide its customers with exciting Reward offers and travel benefits. The card comes with a zero joining fee and gives you opportunities to earn Reward Points on all your spends. With this card, you get 2 Reward Points on every spend of Rs. 150, and 4 Reward Points on every spend of Rs. 150 on selected categories, such as hotels, restaurants, and international spends. On achieving the milestone spends, you can earn up to 30,000 bonus Reward Points every year.

In order to make its customers’ travel experiences even better, this card provides complimentary domestic lounge access every quarter to several participating lounges in India. Moreover, you can save a lot on fuel & railway transactions with this card as it comes with a fuel and railway surcharge waiver. There are a number of more benefits of the Kotak Royale Signature Credit Card. To know all of them, keep reading the following details:

Best Suited For

Travel | Shopping |

Joining Fee

Nil

Reward Type

Reward Points |

Product Details

  • No joining fee.
  • Get 2 Reward Points per Rs. 150 you spend with your Kotak Royale Signature Credit Card.
  • Get 4 Reward Points per Rs. 150 spent on restaurants, hotels, airlines, travel agencies, international spends, etc.
  • Get complimentary airport lounge access.
  • A 1% fuel surcharge waiver.
  • Railway surcharge waiver.
  • Spend-based renewal fee waiver.
  • Earn up to 30,000 bonus reward points every year based on your spends.

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

2 Reward Points on every Rs. 150 spent. 4 Reward Points on every Rs. 150 spent on special categories, such as restaurants, hotels, international spends, Airlines, etc.

Reward Redemption

The Reward points you earn can be redeemed https://kotakrewards.com/ against various categories at a rate of 1 Reward Point = 18.75 paise.

Travel

You get complimentary airport lounge access every year.

Golf

NA

Domestic Lounge Access

2 complimentary domestic lounge access every quarter

International Lounge Access

NA

Insurance Benefits

Coverage of Rs. 2.5 lakhs against fraudulent transactions on a lost/stolen card.

Zero Liability Protection

You will not be liable for any unauthorized transactions made on your card post reporting the loss to the bank.

Fees & Charges

Joining Fee

Nil

Renewal Fee

Rs. 999

Spend based Waiver

The renewal fee is waived on spending Rs. 1,00,000 or more in the previous year.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% on all foreign currency spends

Interest Rates

3.4% per month

Fuel Surcharge

1% fuel surcharge is waived at all fuel stations.

Cash Advance Charge

Rs. 300 per Rs. 10,000 withdrawn

Add-on Card Fee

Nil

Kotak Royale Signature Credit Card Rewards:

  • You get 2 Reward Points on every Rs. 150 you spend.
  • You get 4 Reward Points on every Rs. 150 you spend on selected categories that include hotels, restaurants, Airlines, Tour operators & travel agencies, package tour operators, and international spends.
  • You will not earn any Reward Points on fuel/railway transactions.

Rewards Redemption

  • The Reward Points you earn can be redeemed through the Kotak Rewards website against various categories, including shopping, travel, movies, mobile recharge, e-vouchers, etc.
  • 1 Reward Point = Rs. 0.1875.

Milestone Benefits

  • You get 10,000 Reward Points on achieving a spend of Rs. 4 lakhs in a year.
  • You get 30,000 Reward Points if you spend Rs. 8 lakhs or more in a year.
  • You get these bonus Reward Points at the end of the term.

Travel Benefits

You get 2 complimentary domestic airport lounge lounge access every year through the Visa Lounge Access Program.

Insurance Benefits

You get an insurance cover worth up to Rs. 2,50,000 for any unauthorized transactions made on a lost/stolen card.

Other Benefits

  • You get a railway surcharge waiver for transactions made on irctc.co.in or at the Indian Railway Booking counters. The maximum railway surcharge waiver is capped at Rs. 500 per year.
  • To pay your due bills, you don’t need to try reaching the bank again & again. You just need to send SMS “KASSIST” to 5676788 and they will call you back within 2 hours.

Joining and Renewal Fee Waiver

The renewal fee is waived off if you spend Rs. 1 lakh or more in a year.

Fuel Surcharge Waiver

  • You get a 1% fuel surcharge waiver at all fuel stations for all transactions between Rs. 500 & Rs. 3,000.
  • The maximum benefit through fuel surcharge waiver is capped at Rs. 3,500 per year.

Eligibility Criteria

  • The primary cardholder’s age should lie between 21 years and 65 years.
  • The applicant should be a resident of India.
  • The net annual income of the applicant should be Rs. 24 lakhs per annum or more.

How To Apply?

  • Visit the Kotak Mahindra Bank’s branch nearest to you and apply offline for the Kotak Royale signature Credit Card.
  • You can also apply online as follows:
  1. Visit kotak.com.
  2. Select the option ‘Explore Products.’
  3. Choose the ‘Credit Cards’ option under the section Cards.
  4. Select the ‘Kotak Royale Signature Credit Card,’ and click on ‘Apply Now.’
  5. Fill in all the necessary details and complete all the required formalities.

Conclusion

The Kotak Royale Signature Credit Card would be a great choice for you if you are looking for an affordable credit card with exclusive benefits and great saving opportunities. This card allows you to save in the form or Reward Points that can be redeemed later against a variety of categories. The milestone benefits provided by this card are among its most significant features.

Moreover, the travel benefits, card protection cover, fuel & railway surcharge waiver provided by the card make it even a better decision to have it. Keeping all these exciting advantages and saving opportunities in mind, you can undoubtedly go for the Kotak Royale Signature Credit Card.

FAQs:

Yes, you can get the renewal fee waived off for your Kotak Royale Signature Credit Card by spending Rs 1 lakh or more in an anniversary year.

The annual interest rate on the Kotak Royale Signature Credit Card is 37.2% per annum (3.4% per month).

If you have lost your card, inform the bank as soon as possible by calling at 1860 266 2666 to get your card blocked or deactivated before any loss.

On spending a total of Rs. 8 lakhs or more in a year, you get a total of 30,000 bonus Reward Points.

To be eligible for the Kotak Royale Signature Credit Card, your net annual income should be Rs. 24 lakhs or more.

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