The Kotak Royale Signature Credit Card, offered by Kotak Mahindra Bank, is designed to provide cardholders with exciting reward offers and travel benefits. This card comes with no joining fee and allows you to earn Reward Points on all your spending. You can earn 2 Reward Points for every Rs. 150 spent, and 4 Reward Points per Rs. 150 spent on select categories such as hotels, restaurants, and international purchases. Additionally, you can earn up to 30,000 bonus Reward Points annually by reaching specific spending milestones.
To enhance your travel experience, the card offers complimentary access to domestic lounges and participating lounges across India every quarter. It also helps you save on fuel and railway transactions through a surcharge waiver.
To discover all the benefits of the Kotak Royale Signature Credit Card, continue reading the details below.
- Overview
- Fees and Charges
- Benefits of Kotak Royale Signature Credit Card
- Rewards from Kotak Royale Signature Credit Card
- Milestone Benefits
- Redemption of Reward Points
- Airport Lounge Access with Kotak Royale Signature Credit Card
- Airport Transfers with Kotak Royale Signature Credit Card
- Forex Markup Fee for Kotak Royale Signature Credit Card
- Kotak Royale Signature Credit Card Review
- Cards Similar to Kotak Royale Signature
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Rewards Credit Card |
| Reward Rate | Up to 4 Reward Points per ₹150 spent |
| Reward Value | 1 Reward Point = ₹0.25 (when redeemed) |
| Annual Fee | ₹1,499 + GST (waived on spending ₹1 lakh annually) |
| Unique Selling Points | High reward rate on select categories, milestone benefits |
| Rating | ★★★★☆ (4.0/5) |
Fees and Charges
| Fee Type | Charges |
|---|---|
| Joining Fee | Nil |
| Annual Fee | ₹1,499 + GST (waived on spending ₹1 lakh annually) |
| Finance Charges | 3.4% per month (40.8% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,200 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹500 and ₹3,000 |
Benefits of Kotak Royale Signature Credit Card
This card doesn’t offer any welcome benefits but it is good for those who spend frequently on travel and dining:
The Kotak Royale Signature Credit Card is designed for individuals who prioritize luxury and enjoy rewards on travel, dining, and other lifestyle spends. This card provides a blend of reward points, milestone benefits, and complimentary airport lounge access, making it an attractive option for frequent travelers and high spenders.
- Reward Points: Earn 4 Reward Points per ₹150 spent on categories like hotels, restaurants, travel agencies, airlines, and international spends. Earn 2 Reward Points per ₹150 on all other spends.
- Milestone Rewards: Earn 10,000 reward points on spending ₹4 lakh in an anniversary year and 30,000 reward points on spending ₹8 lakh.
- Lounge Access: Enjoy 2 complimentary visits per quarter to domestic airport lounges through DreamFolks.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹500 and ₹3,000, capped at ₹3,500 annually.
Rewards from Kotak Royale Signature Credit Card
| Spend Category | Reward Rate |
|---|---|
| Hotels, Restaurants, Travel | 4 Reward Points per ₹150 spent |
| All Other Spends | 2 Reward Points per ₹150 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| ₹4 lakh annual spend | 10,000 Reward Points |
| ₹8 lakh annual spend | 30,000 Reward Points |
Redemption of Reward Points
Accumulated Reward Points on the Kotak Royale Signature Credit Card can be redeemed through the Kotak Rewards portal. Each Reward Point holds a value of 25 paise, and you can choose from a variety of redemption options, including:
- Travel Bookings: Domestic flights and hotels.
- Shopping: Product catalog on the Kotak rewards portal.
- Gift Vouchers: Options include Amazon, Flipkart, and more.
Additional Benefits
- Insurance Coverage: Complimentary insurance cover against card loss or fraud, up to ₹2.5 lakh.
- Add-on Cards: Up to 4 add-on cards with customizable spending limits.
Airport Lounge Access with Kotak Royale Signature Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | 2 complimentary visits per quarter |
| International Lounges | Not available |
Airport Transfers with Kotak Royale Signature Credit Card
This card does not offer specific airport transfer benefits.
Forex Markup Fee for Kotak Royale Signature Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Kotak Royale Signature Credit Card Review
Editor’s Rating
Summary
The Kotak Royale Signature Credit Card is an excellent option for those seeking an affordable credit card with exclusive benefits and significant savings opportunities. This card enables you to accumulate Reward Points that can be redeemed across various categories, offering great value for your spending. One of its standout features is the generous milestone benefits that allow you to earn even more rewards as you spend.
In addition to rewards, the card offers valuable travel benefits, card protection cover, and waivers on fuel and railway surcharges, making it a well-rounded choice. Considering all these advantages and savings opportunities, the Kotak Royale Signature Credit Card is a smart choice for anyone looking to maximize their credit card benefits.
Pros and Cons of Kotak Royale Signature Credit Card
| Pros | Cons |
|---|---|
| High reward rate on travel and dining spends | High spending thresholds for milestone benefits |
| Complimentary domestic lounge access | No international lounge access |
| Annual fee waiver on spending ₹1 lakh | Limited benefits outside travel and dining |
Cards Similar to Kotak Royale Signature
| Feature | Kotak Royale Signature Credit Card | HDFC Regalia Credit Card | Axis Bank Vistara Signature Card |
|---|---|---|---|
| Annual Fee | ₹1,499 + GST | ₹2,500 + GST | ₹3,000 + GST |
| Reward Rate | Up to 4 RP per ₹150 spent | Up to 4 RP per ₹150 spent | Up to 4 CV Points per ₹200 spent |
| Special Benefits | High rewards on travel and dining | Comprehensive travel benefits | Free Club Vistara membership |
FAQ
What is the annual fee for the Kotak Royale Signature Credit Card?
The annual fee is ₹1,499 + GST, which is waived if you spend ₹1 lakh or more in the previous year.
How are reward points earned with this card?
You earn 4 Reward Points per ₹150 spent on select categories like hotels, restaurants, travel agencies, airlines, and international spends. All other spends earn 2 Reward Points per ₹150.
Does the card offer airport lounge access?
Yes, the card provides 2 complimentary visits per quarter to domestic airport lounges through DreamFolks.
What is the foreign transaction fee on this card?
The forex markup fee is 3.5% + GST on all international transactions.
Are there any milestone benefits?
Yes, you can earn 10,000 Reward Points on spending ₹4 lakh in an anniversary year and 30,000 Reward Points on spending ₹8 lakh
