IDBI Bank Royale Signature Credit Card – Benefits, Fees & Eligibility

Introduction

The IDBI Bank Royale Signature Credit Card is an entry-level offering from IDBI Bank, designed for individuals seeking premium services and unparalleled privileges both in India and abroad. Positioned as a "One Stop Card" for various luxuries, it stands out with no joining, annual, or renewal fees. Key differentiating benefits include an air travel accident insurance cover of Rs. 25 lakhs, complimentary domestic airport lounge access, and an attractive loyalty program that rewards users with Delight Points on their spends.

Welcome Benefits

• Earn 750 Delight Points on the first usage of the card within 30 days of issuance, provided the minimum transaction value is Rs. 1,500.
• Alternatively, earn 400 Delight Points on the first usage of the card between 31 to 90 days from the card issuance date, with a minimum transaction value of Rs. 1,500.

Fees

• Joining Fee (Primary / Add-on Card): Nil
• Annual Fee (Primary Card / Add-on Card): Nil
• Renewal Fee (Primary / Add-on Card): Nil
• Interest on Revolving Credit Facility: 2.5% per month
• Cash Advance Fee: 2.5% of the transaction fee or Rs. 500/-, whichever is higher
• Interest on Cash Advance: 2.5% per month
• Late Payment Fees (Per occasion, based on amount due):
  • <= Rs. 500: Nil

  • Rs. 500 to <= Rs. 5,000: Rs. 400

  • Rs. 5,000 to <= Rs. 10,000: Rs. 500

  • Rs. 10,000 to <= Rs. 20,000: Rs. 750

  • Rs. 20,000: Rs. 950

• Over Limit Charges: 2.5% of the over limit amount, subject to a minimum of Rs. 500
• Cheque / Auto Debit Return Charges: Rs. 500
• Cash Processing Charges: Rs. 200
• Duplicate Physical Statement Request: Rs. 100 (for statements more than 3 months old)
• Card Replacement Fee: Rs. 200
• Foreign Currency Transactions Markup: 3.5%
• Rewards Points Redemption Fee: Rs. 99 + GST
• EMI Charges:
  • Minimum Amount: Rs. 3,000/-
  • Interest Rate: 13% per Annum
  • Processing and Foreclosure Fees: Nil
  • EMI Tenure Options: 3, 6, 9 or 12 months
• Balance Transfer Charges:
  • Minimum Amount: Rs. 3,000/-
  • Processing Fee: 1.5% of BT amount or Rs. 199/-, whichever is higher. Normal interest rate for EMI will apply.
• Card Account Closure Charge: Nil
• Fuel Surcharge Waiver: 1% fuel surcharge waiver for transactions between Rs. 400 to Rs. 5,000 across all fuel stations, with a maximum waiver of up to Rs. 500 per month.
• All charges mentioned are exclusive of applicable GST.

Rewards

• Reward Rate: Earn 3 Delight Points for every Rs. 100 spent using the IDBI Bank Royale Signature Credit Card on eligible transactions.
• Movies & Dining: Earn 3 Delight Points per Rs. 100 spent.
• Travel:
  • Delight Points are redeemable for flight tickets on the IDBI Delights portal.
  • Complimentary domestic airport lounge access.
  • Personal air accident insurance cover worth Rs. 25 lakhs.
• Domestic Lounge: Enjoy 1 complimentary lounge visit per calendar quarter at participating Airport Lounges in India under the Visa domestic lounge program.
• Insurance:
  • Air travel accident insurance cover worth Rs. 25 lakhs.
  • Zero Lost Card Liability: In case of card loss, report immediately to customer care. Any fraudulent transaction after reporting will be covered by the Bank.
• Lifestyle:
  • Exclusive offers provided by VISA for Signature cardholders on airport shopping, hotel bookings, car rentals, etc.
  • Access to travel concierge services provided by VISA for travel-related services.
• Add-on Cards:
  • Apply for up to 2 add-on Royale Signature Credit Cards for family members (above 18 years of age) at no extra cost.
  • Delight Points earned on add-on cards are clubbed with the primary card and can be redeemed as per higher eligibility.
• Wider Acceptance: Use the card at over 9 lakh merchants in India and over 29 million merchants abroad.

Rewards Redemption Guide

• Delight Points earned can be redeemed on the IDBI Delights portal.
• Redemption options include cashback against the card’s outstanding balance, merchandise, flight tickets, mobile recharges, hotel reservations, gift cards, movie tickets, and bus tickets.
• The monetary value of 1 Delight Point is Rs. 0.25.
• IDBI Delight Points are valid for a period of 3 years, excluding the month of accrual of the points.
• A Rewards Points Redemption Fee of Rs. 99 + GST applies.

Card Eligibility Criteria

• Primary Card Holder Age: Must be between 21 years and 60 years (for salaried applicants) or 65 years (for self-employed applicants).
• Add-on Card Holder Age: Must be 18 years and above.
• Residency: Must be a resident of India.
• The Bank reserves the right to approve or decline applications for Credit Card.

Documents Required

• ID Proof: Voter ID/ Passport/ Driving License/ PAN card/ Aadhaar Card.
• Residence Proof: Electricity/ Telephone Bill/ Election Card/ Passport/ Aadhaar Card.
• Income Proof: Latest 3 months’ Salary Slip/ Latest 3 months Bank Statement/ Income Tax Returns (ITR)/Form 16.
• Other: Recent Photograph.
• The list of documents is indicative and may vary on a case-to-case basis.

Card Review

The IDBI Bank Royale Signature Credit Card is an entry-level offering that provides a decent reward rate of 3 Delight Points per Rs. 100 spent, coupled with the significant advantage of no joining, annual, or renewal fees. It includes valuable travel benefits such as complimentary domestic airport lounge access (1 per quarter) and a personal air accident cover of Rs. 25 lakhs, making it suitable for occasional travelers. The card also offers zero liability protection against fraudulent transactions post-reporting. While it is a basic card and lacks international lounge access, it serves as a good pick for individuals starting their credit journey or as an alternative to secure credit builder cards for young professionals, offering a solid foundation of benefits without recurring costs.

Important Product Details

• No joining, annual, or renewal fees for primary and add-on cards.
• Earn 3 Delight Points for every Rs. 100 spent on most transactions.
• Welcome benefits include up to 750 Delight Points on initial spends.
• Enjoy 1% fuel surcharge waiver (max Rs. 500 per month) on transactions between Rs. 400 and Rs. 5,000.
• Receive a personal air travel accident insurance cover worth Rs. 25 lakhs.
• Benefit from 1 complimentary domestic airport lounge access per calendar quarter.
• Zero liability protection ensures you are not liable for fraudulent transactions after reporting card loss.
• Provision for up to 2 add-on credit cards for family members (above 18 years).
• Access exclusive Visa offers on hotels, car rentals, and airport shopping, along with travel concierge services.
• Enjoy interest-free credit for up to 48 days on purchases.

Other Details

• How to Apply:
  • Get In Touch: Call Phone Banking numbers (Toll Free: 1800-209-4324, Non Toll Free: 022-67719100) for 24x7 service.
  • Visit Our Branch: Visit the nearest IDBI Bank branch.
  • Receive a Call Back: Request a representative to contact you.
• Customer Care: For assistance or to block your card, contact 1800-209-4324 (Toll Free), 022-67719100 (Non-toll free), 1800 425 7600, 022 4042 6013, or 1800 22 6999.
• Credit Card Welcome e-Kit: A digitised e-Kit is provided, containing detailed information on Card Usage, Cardholders Agreement, and Most Important Terms & Conditions (MITC) in downloadable PDF format, supporting the Go Green initiative.
• Interest-Free Credit: Enjoy interest-free credit of up to 48 days on purchases.
• Terms and Conditions: Delight points are accrued only on transactions not exempted from accrual. Airport lounge access and VISA offers are subject to change as per VISA’s discretion without prior notice. Refer to the Most Important Terms & Conditions (MITC) for more details on various aspects of the card.