Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Kotak Bank Royale Signature Credit Card

    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.

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    Key Highlights of Kotak Bank Royale Signature Credit Card

    • The first swipe of the card gives you 2 BookMyShow vouchers.
    • The card has been designed to meet the needs of those who travel frequently and seek premium lifestyle privileges on their card.
    • One of the two variants of the Royale Signature Credit Card has no joining fee.
    • You earn 4X reward points for every Rs.150 spent on special categories like dining, travel, air tickets, and international spends. On all other categories, 2X rewards are offered.

    Features and Benefits of Kotak Royale Signature Credit Card

    Travel benefits:

    • You get 2 complimentary airport lounge visits per quarter to domestic airports. Also get unlimited paid access for yourself and accompanying guests. You can enjoy various benefits offered by the lounges including a gourmet meal, TVs, newspapers and magazines, free Wi-Fi and others.

    Annual fee waiver:

    • If the annual retail spends in a calendar year is Rs.1 lakh, the annual fee will be waived off for both paid and free variants.

    Milestone reward points:

    • Spend Rs.4 lakh in an anniversary year and earn 10,000 bonus reward points. For spending Rs.8 lakh, you will earn 30,000 reward points. The bonus reward points will be credited at the end of the anniversary year.

    Contactless payment:

    • With Visa payWave technology you can simply tap the card at the card reader to process the transaction. Transactions below Rs.2,000 can be processed without entering the PIN through the payWave card.

    Fuel & railway surcharge waiver

    • You can avail 1% fuel surcharge waiver on all the fuel transactions valued between Rs.500 and Rs.3,000. The maximum waiver is capped at Rs.3,500 per calendar year.
    • You can also enjoy railway surcharge waiver which is typically charged on railway ticket bookings made using credit cards. The maximum waiver amount is capped at Rs.500 per year.

    Add-on cards:

    • You can apply for add-on cards that will have the same benefits as the primary card. Also, you can set the spending limit and track spends on each card separately.

    Priority services on SMS:

    • The priority attend service enables you to get a call back from the bank by sending an SMS. Just SMS 'KASSIST' to 5676788 and receive a call back within 2 hours.
    • The service can be availed to pay monthly dues, to request a cheque pick-up and others.

    Cover against fraudulent transactions:

    • Cardholders get Rs.2.5 lakh cover against fraudulent use of the credit card in case of loss or theft of the card. Fraudulent transactions of up to 7 days before reporting the loss of card will be covered.

    Reward Point Benefits on Kotak Bank Royale Signature Credit Card

    • 4X reward points for every Rs.150 billed to the card for special categories like dining, travel, air tickets, and international spends.
    • On all other categories, 2X rewards are offered.

    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.

    How to Redeem Reward Points on Kotak Royale Signature Credit Card?

    The Royale Signature Credit Card provides 2 different options to redeem your reward points.

    Pay with reward points:

    • You can convert the reward points accrued on the Signature Card into currency at merchant outlets through Kotak PayByPoints option.
    • Once you're done with your shopping at a merchant store, at the time of billing ask the cashier to redeem reward points on your Kotak credit card. If there is any balance amount, you can pay it through cash or card.

    Redeem rewards through net banking:

    • You can redeem the reward points for cash, flight tickets, movie bookings, mobile recharge and other products through your Kotak Mahindra net banking account.
    • Simply login to your Kotak Mahindra net banking account, choose 'Credit Cards > Rewards Redemption' and choose your option.
    • Every 2 reward points accrued on the card can be redeemed for 1 Easy Point.

    Credit Limit on Kotak Royale Signature Credit Card

    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.

    Fees and Charges of Kotak Royale Signature Credit Card

    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

    Eligibility to Apply for Kotak Bank Royale Signature Credit Card

    You can apply for the Kotak Bank Royale Signature Credit Card if you meet the following conditions:

    • You are aged between 21 to 65 years and the supplementary cardholder is at least 18 years of age.
    • You are a resident of India and reside at any of the following locations including Bangalore, Ahmedabad, Chennai, Chandigarh, Delhi NCR, Hyderabad, Kolkata, Pune and Mumbai.
    • Your annual income is at least Rs.24 lakh.

    Documents Required to Apply for Kotak Royale Signature Credit Card

    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.

    FAQs on Kotak Royale Signature Credit Card

    1. Am I offered an interest-free period on cash withdrawal with my Kotak Royale Signature Credit Card?

      No, the interest-free period is applicable only for card-based transactions and not for cash withdrawals.

    2. What is the maximum surcharge waiver that I can get with the Kotak Royale Signature Credit Card?

      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.

    3. When would the bonus reward points get credited to my Kotak Royale Signature Credit Card account?

      The bonus reward points would be credited to your account at the end of the anniversary period.

    4. Can I use the contactless payment facility of the Royale Signature Credit Card at all merchant locations?

      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.

    5. Which customer care number to contact for any issue related to my Royale Signature Credit Card?

      Contact Kotak Mahindra credit card customer care by dialling 1860-266-2666.

    6. Can NRIs apply for this credit card?

      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.

    7. How to apply for Royale Signature Credit 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.

    8. I lost my credit card. What should I do?

      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.

    9. I found my lost credit card. Can I use it?

      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.

    10. What is the mode of payment of my credit card bill?

      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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