Experience seamless purchase in India and overseas with the Kotak Royale Signature Card. Feel royally pampered with features like access to premium airport lounges, customizable reward options and priority assistance. The card is available in 2 variants and you can choose one of the two according to your budget.Key Highlights of Kotak Bank 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
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:
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.
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.
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.
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.
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.
Travel offer - Get 8% discount up to Rs.1,200 on domestic flight bookings and 7% off up to Rs.10,000 on international flight bookings made on Yatra mobile app. Use promo code 'YTVISA19' to avail the offer before it expires on 30 September 2019.
Shopping offer - Use promo code 'KOTPLE010' and get 20% discount on your first order on the Purplle mobile app. Maximum discount is capped at Rs.100 per user and the offer is valid till 30 April 2019.
Dining offer - Book a prepaid deal on Easy Diner and get Rs.299 discount on a minimum booking of Rs.400 and above. Use coupon code 'EDKM' to avail the benefit before 31 May 2019.
Entertainment offer - Avail 25% discount, up to Rs.150, for movie ticket bookings on BookMyShow between 5:00 p.m. - 11:00 p.m. everyday. Hurry up, offer valid till 30 April 2019.
Electronics offer - Get 5% cashback on purchases made at Reliance Digital every Monday. Maximum discount is capped at Rs.1,000 per transaction. Offer valid on transactions worth Rs.10,000 conducted before 28 April 2019.
|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.
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