The Kotak Bank Royale Signature credit card is a card which offers rewards and benefits across various categories such as dining, travel, and shopping. This Kotak Bank Credit Card comes in 2 types and you can choose one according to your budget. The interest rate which is applied on the card is 3.1% per month along with no joining fee and an annual fee of Rs.999 which is waived off if your annual spends are more than Rs.1 lakh. For the Royale credit card variant including a joining fee, Rs.1,499 must be paid while applying for the card.
Annual fee waiver:
Milestone reward points:
Fuel & railway surcharge waiver
Priority services on SMS:
Cover against fraudulent transactions:
Other Kotak Bank Credit Cards
The accrued reward options can be redeemed for redemption options like air tickets, air miles, cash, merchandise options, and mobile recharge with auto redemption facility that makes every purchase more rewarding.
The Royale Signature Credit Card provides 2 different options to redeem your reward points.
Pay with reward points:
Redeem rewards through net banking:
The credit limit of Kotak Royale Signature Credit card along with the cash limit will be communicated to each cardholder at the time of card delivery. The credit limit on the card typically depends on the income of the applicant. Cash limit is a portion of the credit limit reserved for cash withdrawals. If you enable international transactions on your Signature credit card, the credit limit of the transactions remains the same as the total limit on the card. The available credit limit on the credit card is different from the total credit card and it varies as per your card usage. You will find the available credit limit in your monthly credit card statement.
You can apply for credit card limit enhancement by contacting the bank directly. However, such requests can be made after using the card for a certain period as stipulated by the bank.
|Type of fee or charge||Amount (Rs.)|
|Joining fee (paid variant)||Rs.1,499|
|Joining fee (free variant)||NIL|
|Annual fee (paid variant)||Rs.999|
|Annual fee (free variant)||Rs.999|
|Interest Charges||3.40% per month or 37.2% per annum|
|ATM cash withdrawal fee, call-a-draft fee, and find transfer fee||Rs.300|
|Add-on card fee||NIL|
|Card replacement charges||Rs.100|
|Foreign currency mark-up||3.50%|
|Late payment charges||
For statement amount less than Rs.500 - Rs.100
For Rs.500.01 to Rs.10,000 - Rs.500
Above Rs.10,000 - Rs.700
|Over limit charges||Rs.500|
|Cheque return charges||Rs.500|
|Credit card bill payment at bank branches||Rs.100|
|Reissue or replacement of the card||Rs.100|
|To get a copy of Credit Information Report (CIBIL)||Rs.50|
You can apply for the Kotak Bank Royale Signature Credit Card if you meet the following conditions:
You will have to submit an identity proof and proof of income. Documents like PAN card, salary slip, Income Tax returns statement, Voter ID, Aadhar, etc. will be asked for during the application process. Kotak Mahindra Bank would inform you if it needs some additional documents.
No, the interest-free period is applicable only for card-based transactions and not for cash withdrawals.
For fuel purchases, the maximum fuel surcharge waiver allowed in a year is Rs.3,500. For railway transactions, it is limited to Rs.500 per year.
The bonus reward points would be credited to your account at the end of the anniversary period.
You can use the contactless payment facility only at merchant locations that accept Visa PayWave transactions. Just check for the Visa PayWave mark and contactless logo at the point of sale to know about the acceptability of contactless payment at the merchant locations.
Contact Kotak Mahindra credit card customer care by dialling 1860-266-2666.
No, Non-Resident Indians (NRIs) cannot apply for this credit card. It is mandatory for the applicant to be the resident of India to be eligible to apply for this card.
You can apply for Royale Signature Credit Card by calling the bank’s customer care number and requesting for application for this type of credit card. A customer care executive will take you through the process of applying for this credit card.
You can also apply for this credit card offline by visiting the nearest branch of the bank. Make sure you carry all the relevant documents including the application form. A representative from the bank will help you with the application process.
In case you lose your credit card, inform the bank immediately and get it blocked. You may also have to file an FIR and submit a copy of it to the bank so that the bank can issue you a duplicate card. You can get your card blocked by either calling the customer care number of the bank or through the net banking portal.
In case you found your card after getting it blocked, do not use it. Instead, destroy the card by cutting it across the magnetic strip.
You can pay your credit card bill through debit card, UPI, or net banking. You can also set a standing instruction where the said amount will be debited from your account on the due date. If you want to pay offline, you can do so via cheque, demand draft, or simply by cash.
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