Kotak Bank Royale Signature Credit Card

What is more cumbersome than having to carry your cash while travelling? Experience seamless purchase experience in India and overseas with Kotak’s Royale Signature Card. Feel royally pampered with stellar features like fuel surcharge waiver, access to premium airport lounges, customizable reward options and priority assistance. With two Royale Signature card variants, free and paid, customers can choose their credit card option according to their budget.

Features of Kotak Royale Signature Card:

The following benefits offered by Kotak Royale Signature Card set it a league apart from other rewards credit cards in the market.

• Unmatched rewards: Customers are offered 4X reward points for every Rs.150 billed to their card at special categories like dining, travel, air tickets, and international spends. On all other categories, 2X rewards are offered.
• Bonus reward points: Spend Rs.4 lakh in an anniversary year and earn 10,000 reward points. For spending Rs.8 lakh, you will earn 30,000 reward points. 

• A wide array of redemption options: The accrued reward options can be redeemed for a host of redemption options like air tickets, merchandise options and mobile recharge with auto redemption facility that makes every purchase more rewarding.
• Airport lounge access: With the Kotak Royale Signature Card, customers will get 2 complimentary access per quarter to airport lounges within India. They are also entitled to unlimited paid access to all the participating lounges. They can enjoy various benefits offered by the lounges including a gourmet meal, TVs, newspaper and magazines, free Wi-Fi and others.
• Contactless payment: With Visa payWave technology, the Signature Card offers fast and secure ways to make payments at the point of sale terminals. Cardholders can simply tap the card at the card reader to process the transaction. Transactions below Rs.2,000 can be processed without a PIN through the payWave card. 

• Fuel & railway surcharge waiver

Cardholders can avail 1% fuel surcharge waiver on all the fuel transactions worth Rs.500 and Rs.3,000. The maximum waiver is capped at Rs.3,500 per the calendar year. Customers can also enjoy railway surcharge waiver which is typically charged on railway tickets booking made using credit cards. The maximum waiver amount is capped at Rs.500 per year.

Benefits of Kotak Royale Signature Card

Live life king size with these benefits that accompany the Royale Signature card. 

• Joining gift: For paid joining fee credit card variant, an air ticket voucher worth Rs.2000 will be sent to the registered e-mail ID upon paying the joining fee. 

• 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. 

• Cover against fraudulent transactions: Cardholders get Rs.2.5 lakh cover against fraudulent use of the credit card in case of lost or stolen credit cards. Up to 7 days before reporting the loss of card will be covered.
• Priority services on SMS: The priority Attend service enables the customer to get a call back from the bank by sending a simple an SMS. SMS <KASSIS> to 5676788 to receive a call back within 2 hours. The service can be used to pay monthly dues, to request a cheque pick-up and others. 

• Add-on cards: Customers 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 the spends separately for each card.

Fees and Charges associated with Royale Signature Credit Card

Eligibility to apply for Kotak Bank Royale Signature Credit Card:

Kotak Royale Signature Credit Card is an invitation-only card and the customer must satisfy the following criteria in order to be eligible for the card:

• The primary cardholder must be aged between 21 to 65 years and the supplementary cardholder should be aged at least 18 years.
• The applicant should be a resident of India and must be residing at any of the following locations including Bangalore, Ahmedabad, Chennai, Chandigarh, Delhi NCR, Hyderabad, Kolkata, Pune and Mumbai.
• The applicant's annual income must be at least Rs.24 lakh and above.

Documentation required to apply for Royale Signature Credit Card

The applicant will have to submit an identity proof and a 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. Kindly contact Kotak Mahindra for more information regarding the documents required.

How to Apply through BankBazaar?

On BankBazaar’s homepage, select the credit cards option to choose the card as per bank or as per your usage. BankBazaar’s simple questionnaire will shortlist credit cards for you based on your usage and eligibility. You can choose Kotak Royale Signature card under Kotak Mahindra Bank. You can check your eligibility and also view other information about the card.

To apply, you can select Apply Now and fill in the necessary details. You will receive an instant e-approval and you will also be able to track the application status of your card.

FAQs Kotak Royale Signature Credit Card:

1. Am I offered an interest-free period on cash?

Yes. The interest-free period is for retail transactions only and does not include cash transactions.

2. What is the maximum surcharge waiver that I can get?

For fuel purchases, the maximum fuel surcharge waiver allowed in a year is Rs.3500. For railway transactions, it is limited to Rs.500 per year.

3. Tell me more about the insurance coverage that is offered for lost or stolen card.

The insurance cover is provided by HDFC ERGO for lost/stolen cards. The insurance company will reimburse unauthorized charges incurred on your lost/stolen card up to 7 days before reporting the event. This is provided for both the primary and supplementary cards.

4. What is the limit of the transaction amount for a single swipe of the card?

The minimum amount is Rs.500 and the maximum is Rs.3000 for a single swipe.

5. What do I do in case my card is accidentally lost or stolen?

You have to contact the customer centre immediately to block or deactivate your card. Also, you should register a claim with HDFC ERGO and send a copy of customer dispute form to Kotak Mahindra Bank.

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