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Kotak Mahindra Bank Royale Signature Credit Card is a premium card that enhances an individual’s lifestyle and offers special dining, hotel and shopping privileges. You can exchange your accumulated reward points for a range of gifts such as air tickets, cash, air miles, branded merchandise and movie tickets. Let us find out more about this credit card and how you can get this card.
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Given below are the key features of this credit card-
Priority Pass Program: Complimentary membership to the Priority Pass program makes your journey more exciting. You get the opportunity to access business lounges at more than 300 airports worldwide for a nominal fee.
Airport Lounge Access: You also get complimentary access to Airport Lounges within India from Visa. Under this program, you can avail a range of benefits including gourmet meals, free Wi-Fi and much more.
Reward Points: Earn 2 reward points for every Rs.100 spent across all categories and Redeem the accumulated reward points for a wide range of gift vouchers and merchandise through Kotak Mahindra Bank’s Easy Rewardz. You can also earn 10,000 bonus reward points on spending Rs.4 Lakh in a year and 30,000 points on reaching annual spends of Rs.8 Lakh.
Fuel Surcharge Waiver: Enjoy fuel surcharge waiver on fuel transactions worth Rs.500-3,000. Maximum surcharge waiver in a year is capped at Rs.3,500.
Lost Card Liability: Get lost card liability cover of up to Rs.2,50,000 against fraudulent usage up to 7 days before reporting the loss of the card.
KASSIST Service: Enjoy priority attend through KASSIST and automate services like cheque drop, monthly due payment, etc.
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The table given below shows all the fees and charges related to this credit card. Kotak Mahindra Bank offers two variants on the card- one with a joining fee of Rs.1,499 and one without the fee. Except joining fee, all other charges remain the same.
| Fee/Charge | Amount |
| Annual Fee | Rs.999 |
| Add-on Card Fee | Nil |
| Finance Charges (Interest Rate) | 3.4% (APR 37.2%) |
| ATM Cash Withdrawal Charges | Rs.300 per Rs.10,000 withdrawn |
| Late Payment Fee | For outstanding balance less than Rs.500- Rs.100 For outstanding balance between Rs.500 and Rs.10,000- Rs.500 For outstanding balance greater than Rs.10,000- Rs.700 |
| Overlimit Fee | Rs.500 |
| Cheque Bounce Charges | Rs.500 |
| Foreign Currency Markup | 3.5% |
| Cash Payment Charges | Rs.100 |
| Card Reissue/Replacement Charges | Rs.100 |
The applicant should meet certain criteria to be eligible for this credit card. Given below are the requirements-
Below are some Documents that are required in order to apply for this credit card:
| Proof of Identity | PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement |
| Proof of Income | Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement |
Interest and eligible candidates can get this credit card by visiting the nearest branch of Kotak Mahindra Bank. However, online application is an easier and quicker way. Here’s how you can apply online-
An executive of the bank will give you a call about document collection. Once you submit the documents, the bank will check the documents and validate the information provided by you. If everything goes right, you will get the card within 7-10 business days.
What does Kotak Mahindra Insurance Cover include?
The cover includes unauthorised charges on the card if it is lost or stolen on reporting within 7 days. The charges will be ereimbursed by New India Assurance Company Ltd.
What is the process to be followed in case my credit card is stolen or lost?
In such a case, you must contcat the customer care of Kotak Mahindra Bank at the earliest at at 1860 266 2666 and get your card deactivated/blocked. The bank executives will further guide you with the process of claiming your Insurance.
What is the cash limit on this credit card?
Kotak Mahindra Bank credit cards come with highher credit limit of 90% as compared to other bank’s credit cards