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Kotak Royale Signature Credit Card is a premium credit card by Kotak Mahindra Bank. It helps your make the most of your travel and shopping expenses by rewarding you for the same. The accumulated reward points can later be redeemed against air tickets, mobile recharge, merchandise and more. Here is all you need to know about Kotak Royale Signature Credit Card.
Key Highlights of Kotak Royale Signature Credit Card |
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Given below are the key features of Kotak Royale Signature Credit Card:
Rewards- On Kotak Royale Signature Credit Card, you will earn reward points in the following way:
Suggested Read: Best Rewards Credit Cards in India for 2020
Lounge Access- With this credit card, you will get 2 complimentary visits per quarter to partner lounges under the Visa Lounge Access Program. You are also entitled to paid access to the above lounges.
Milestone Benefit- The more you spend on your Kotak Royale Signature Credit Card, the more benefits you can avail.
Fuel Surcharge Waiver– Enjoy fuel surcharge waiver on fuel transactions between Rs. 500 and Rs 3,000. Maximum surcharge waiver in a year is capped at Rs. 3,500.
Lost Card Liability Cover- Get lost card liability cover of up to Rs. 2.5 Lakh 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.
The table given below shows Kotak Royale Signature Credit Card fees and charges in detail:
| 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| ATM Cash Withdrawal Charges | Rs. 300 per Rs. 10,000 withdrawn |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 |
To be eligible for Kotak Royale Signature Credit Card, you must meet the following basic requirements:
| Minimum Age | 21 Years |
| Maximum Age | 65 Years |
| Location | Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Gurgaon, Noida, Hyderabad, Kolkata, Mumbai and Pune |
| Minimum Income | Rs. 24 Lakh per annum |
Please note that even if you meet the above requirements, the bank will further evaluate your application on the basis of your credit profile, past payment patterns, number of debts, etc. The final decision lies solely with Kotak Mahindra Bank.
You will also be required to submit certain documents along with your application.
| 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.
If you are still not sure whether Kotak Royale Signature Credit Card is the right choice for you, here are a few credit cards to compare it with.
| Credit Card | Annual Fee | Comparative Feature* |
| HDFC Regalia First Credit Card | Rs. 1,000 | 4 Reward Points per Rs. 150 spent; Priority Pass Membership |
| SBI Card PRIME | Rs. 2,999 | 10 Reward Points per Rs. 100 spent on Dining, Groceries, Departmental stores and Movies |
| Citi Rewards Credit Card | Rs. 1,000 | 10X Reward Points on Apparel and Departmental Store Spends |
| Standard Chartererd Platinum Rewards Credit Card | Rs. 750 | 5X Reward Points on Dining and Fuel Spends |
| HDFC Diners Club Rewardz Credit Card | Rs 1,000 | 3 Reward Points per Rs. 100 on International Spends |
*Terms and Conditions Apply
What is Lost Card Liability Cover on Kotak Royale Signature Credit Card?
The cover includes unauthorised charges on the card if it is lost or stolen on reporting within 7 days. This is a type of insurance cover on your card and is sourced through New India Assurance Company Ltd.
What should I do if my Kotak Credit Card is stolen or lost?
In such a case, you must contact the customer care of Kotak Mahindra Bank at the earliest at 1860 266 2666 and get your card deactivated/blocked. The bank executives will further guide you with the process of claiming your Insurance.
Can I use my Kotak Royale Signature Credit Card internationally?
Yes. Kotak Royale Signature Credit Card is a globally accepted card.
What all services can I avail at a VISA Airport Lounge free of additional cost?
Complimentary services such as gourmet meal, widescreen TVs, comfortable seating, access to newspaper and magazines and free Wi-Fi can be availed under your complimentary lounge access.
Is there an annual fee waiver offer on this card?
No. Kotak Royale Signature Credit Card does not come with annual fee waiver feature.
