About Kotak Royale Signature Credit Card
Kotak Royale Signature Credit Card is a rewards card focused on travel-related benefits. Cardholders earn 2X rewards (4 points per Rs. 150 spent) on hotels, airlines & air carriers, restaurants, travel agencies, tour operators (including package tours), and international spends. Other categories earn 2 points per Rs. 150 spent.
The card’s overall reward rate is modest—around 0.66% on travel spends and 0.33% on other spends—because 1 Reward Point can be redeemed for up to Rs. 0.25.
Apart from rewards, the card provides 8 complimentary domestic lounge visits per year, railway and fuel surcharge waivers, and milestone rewards of up to 30,000 points on spending Rs. 8 Lakh annually. With a moderate annual fee and an achievable fee waiver, this card is ideal for users looking to save on travel expenses while earning rewards.
Kotak Royale Signature Credit Card Rewards Program
Reward Earning:
- 4 reward points per Rs. 150 spent on hotels, airlines & air carriers, restaurants, travel agencies, tour operators (including package tours), and international spends
- 2 reward points per Rs. 150 spent on all other categories
Reward Redemption:
- Redeem points for cash at 1 Reward Point = Rs. 0.20
- Redeem points at 1 Reward Point = Rs. 0.25 via Pay with Reward Points at POS or through the Kotak Rewards catalogue for products and vouchers
Other Features and Benefits
Milestone Benefits
- Earn 10,000 bonus reward points on annual spends of Rs. 4 Lakh
- Earn 30,000 bonus reward points on annual spends of Rs. 8 Lakh
Lounge Access
- Up to 8 complimentary visits per year to select DreamFolks lounges in India on spending Rs. 75,000 in the previous quarter
Annual Fee Waiver
- Annual fee waived on spending Rs. 1 Lakh in a year
Fuel Surcharge Waiver
- 1% fuel surcharge waiver up to Rs. 3,500 per year on fuel spends between Rs. 500 and Rs. 3,000
Railway Surcharge Waiver
- Railway surcharge waiver up to Rs. 500 per year on transactions made via IRCTC website or counters
Fees and Charges
| Fee Type | Amount |
|---|
| Joining Fee | Rs. 1,499 + Applicable Taxes |
| Annual/ Renewal Fee | Rs. 999 + Applicable Taxes |
| Finance Charges | 3.75% p.m. | 45% p.a. |
| Late Payment Charges | | For Statement Balance: | Amount | | Up to Rs. 100 | Nil | | Between Rs. 100.01 to Rs. 500 | Rs. 100 | | Between Rs. 500.01 to Rs. 5,000 | Rs. 500 | | Between Rs. 5,000.01 to Rs. Rs. 10,000 | Rs. 600 | | Between Rs. 10,000.01 to Rs. 25,000 | Rs. 800 | | Between Rs. 25,000.01 to Rs. 50,000 | Rs. 1,000 | | Above Rs. 50,000 | Rs. 1,200 |
|
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Document Required For Kotak Royale Signature Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
Kotak Royale Signature Credit Card Highlights
What do we like about this card?
- 2X Rewards: Earn 4 points per Rs. 150 on travel, dining, and shopping spends
- Milestone Benefits: Up to 30,000 bonus reward points on annual spends of Rs. 4 Lakh & 8 Lakh
- Lounge Access: Up to 8 complimentary domestic lounge visits per year
- Annual Fee Waiver: Waive annual fee on spending Rs. 1 Lakh in a year
- Surcharge Waivers: 1% fuel surcharge (up to Rs. 3,500/year) and railway surcharge waiver (up to Rs. 500/year)
Things to Know Before you apply
Get this card if:
- You spend frequently on dining and shopping
- You can spend Rs. 8 Lakh in a year to maximize milestone benefits
- You want a credit card mainly for earning and redeeming reward points
- You travel often and want accelerated rewards on select travel spends
Pros
- Easily achievable spending milestone for annual fee waiver
- 2X rewards on travel, dining, and shopping
- Up to 30,000 reward points as milestone benefits
- Up to 8 complimentary domestic lounge visits every year
Cons
- Accelerated reward rate limited to select spends
- Low base reward rate of 0.33%
- Low reward redemption value of up to Rs. 0.25 per point
- No international lounge access
Kotak Mahindra Bank Credit Card Contact Details
- Contact Address: Kotak Mahindra Bank Ltd. 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051, India
Helpline: 1860 266 2666 (available from all major cities in India)
Simply SMS: Send KCC last 4 digits of your credit card to 5676788 to get card-related info.
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Frequently Asked Questions
Yes, you get up to 8 complimentary domestic lounge visits per year (2 per quarter). These are available after spending Rs. 75,000 in the previous quarter.
Yes, you can redeem reward points against cash at a rate of 1 Reward Point = Rs. 0.20. You can also use the “Pay with Reward Points” option at POS or redeem via the Kotak Rewards Catalogue for products, mobile recharge, e-vouchers, movies, travel, and more.
The card charges a 3.5% forex markup fee, so it is not ideal for international spending. Consider a card with lower or zero forex charges for overseas transactions.
No, reward points are not earned on fuel, wallet load, rent, and online skill-based gaming spends.
Yes, you can earn up to 30,000 bonus reward points on annual spends of Rs. 8 Lakh.
Yes, you can waive the annual fee by spending Rs. 1 Lakh in a year.
