Kotak Royale Signature Credit Card
Travel
Rewards
1st Year Fee: ₹1,499* Plus Applicable Taxes
Travel
2X reward points on select travel spends
Dining
2X reward points on dining at restaurants
Lounge Access
8 domestic lounge visits every year
Find Best Credit Card Offers
It hardly takes 2 minutes
+91
0 /10 Digits
Don't worry, this will not affect your credit score
The entered number doesn't seem to be correct
About Kotak Royale Signature Credit Card
Kotak Royale Signature Credit Card is a rewards card primarily designed to offer benefits on travel-related spends. The card offers 2X rewards (4 points per Rs. 150 spent) on hotels, airlines & air carriers, restaurants, travel agencies, tour operators (including package tour operators), and international spends. Besides this, it offers a base reward rate of 2 points per Rs. 150 spent on other categories.
While this card offers accelerated rewards on the travel category, the overall reward rate is relatively low at 0.66% on select categories and 0.33% on other spends, primarily due to its low reward redemption value of 1 Reward Point = Up to Rs. 0.25.
Besides rewards, the card offers complimentary domestic lounge visits and other basic benefits such as railway and fuel surcharge waivers. Cardholders can also earn up to 30,000 reward points as milestone benefits on spending Rs. 8 Lakh in a year. With a moderate annual fee and an easily achievable annual fee waiver condition, this card is a suitable option for consumers looking to save on their travel spends.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit Kotak Mahindra Bank’s website.
Rewards Program
Reward Earning
- 4 reward points per Rs. 150 spent on hotels, airlines and air carriers, restaurants, travel agencies, tour operators, including package tour operators, and international spends
- 2 reward points per Rs. 150 spent on other categories1
Reward Redemption
- Redeem rewards against cash at a value of 1 Reward Point = Rs. 0.20
- Redeem accumulated reward points at a value of 1 Reward Point = Rs. 0.25 using the Pay with Reward Points option at the POS or against the Kotak rewards catalogue for products and vouchers
Other Features & Benefits
Lounge Access
- Up to 8 complimentary visits every year to select Dream Folks Lounges in India on spending Rs. 75,000 in the previous quarter
Milestone Benefits
- 10,000 bonus reward points on annual spends of Rs. 4 Lakh2
- 30,000 bonus reward points on annual spends of Rs. 8 Lakh2
Annual Fee Waiver
- Annual fee waiver on spending Rs. 1 Lakh in a year
Kotak Royale Signature Credit Card: Fees & 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 |
|
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 are looking for a credit card primarily for earning and redeeming reward points
You frequently travel and looking for a card with accelerated rewards on select travel spends
Eligibility Criteria
Min. Age: 21 years
Max. Age: 60 years
Annual Income: Rs. 24 Lakh
Paisabazaar Review
What do we like about this card?
With 2X rewards on hotels, airlines and air carriers, restaurants, travel agencies, tour operators and international spends, this card is a suitable option for frequent travellers. Besides, complimentary lounge access and railway surcharge waiver further add value for those who travel often. However, despite offering accelerated rewards on travel-related spends, the card offers a value-back of only up to 0.66%, which is quite low due to its low reward redemption value of up to Rs. 0.25 per point. Overall, this card is suitable for consumers who frequently travel and are looking to save on travel spends without being tied to a specific brand.
Pros
- 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
- Easily achievable spending milestone for annual fee waiver
Cons
- Low base reward rate of 0.33%
- No international lounge access
- Accelerated reward rate is limited to select spends
- Low reward redemption value of up to Rs. 0.25 per point
Frequently Asked Questions
Everything you need to know about this credit card
You can apply for this credit card online through the official website of the bank. You are required to submit a duly filled application form along with relevant documents. Besides this, you can also apply offline by submitting the application form in person at the nearest branch.
Yes, this credit card offers up to 8 complimentary domestic lounge visits per year, capped at 2 visits per quarter. However, you can avail these benefits only after spending Rs. 75,000 in the previous quarter.
Yes, you can redeem accumulated reward points against cash at a value of 1 Reward Point = Rs. 0.20. Besides this, you can also redeem the accumulated reward points either using the Pay with Reward Points option at the POS or redeem them against the Kotak Rewards Catalogue for products and services like shopping, mobile recharge, brand e-vouchers, movies, travel, and more.
Kotak Royale Signature Credit Card charges a forex markup fee of 3.5%. Therefore, it is not a suitable option for international spends. If you want to save on your international transactions, you should opt for a card with a low or zero forex markup fee.
No, the credit card does not offer reward points on select categories, including wallet load, fuel, rent, and online skill-based gaming spends.
Footnotes
- No reward points will be offered on Wallet Load, Fuel, Rent & Online skill-based gaming spends.
- Cardholders will only be eligible for any one of the above-mentioned milestone benefits, depending on their total annual spends.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
