Kotak Royale Signature Credit Card – Benefits, Fees & Eligibility

Kotak Royale Signature Credit Card

Introduction

The Kotak Royale Signature Credit Card is designed to provide cardholders with attractive reward offers and enhanced travel benefits. This card comes with no joining fee and allows users to earn valuable reward points on all their expenditures. Cardholders can receive 2 reward points for every Rs. 150 spent, with an accelerated earning rate of 4 reward points per Rs. 150 on specific categories such as hotels, restaurants, and international transactions. Additionally, it offers the opportunity to earn up to 30,000 bonus reward points annually upon reaching specified spending milestones. To further enrich the travel experience, the card includes complimentary access to domestic airport lounges and offers waivers on fuel and railway surcharges.

Welcome Benefits

• Earn 10,000 Reward Points on achieving a spend of Rs. 4 lakhs in a year.
• Earn 30,000 Reward Points if you spend Rs. 8 lakhs or more in a year.
• These bonus Reward Points are credited at the end of the term.
• Get up to 30,000 bonus reward points on annual spends of ₹8 Lakhs.

Fees

• Joining Fee: Nil
• Renewal Fee: Rs. 999 + GST
• Spend-Based Waiver: The annual fee can be waived if you spend Rs. 1,00,000 or more in the preceding or anniversary year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% on all foreign currency spends.
• Interest Rates: 3.4% per month (equivalent to 37.2% per annum).
• Fuel Surcharge:
  • 1% fuel surcharge is waived at all fuel stations.
  • Applicable on transactions between Rs. 500 and Rs. 3000.
  • Maximum fuel surcharge waiver allowed in an anniversary year is Rs. 3500.
  • W.e.f. 1st June 2025: A 1% fuel surcharge waiver is applicable on transactions ranging between ₹500 and ₹5,000.
• Cash Advance Charges: Rs. 300 per Rs. 10,000 withdrawn.
• Railway Surcharge Waiver:
  • Save railway surcharge for transactions made on www.irctc.co.in and at Indian Railways Booking Counters.
  • Maximum railway surcharge waiver allowed in an anniversary year is Rs. 500.

Rewards

• Earn up to 4 reward points on every Rs. 150 spent.
• Earn 2 Reward Points per Rs. 150 spent on general categories.
• Earn 4 Reward Points per Rs. 150 spent on Special Categories, including Hotels, Restaurants, Travel Agencies & Tour Operators, Package Tour Operators, Airlines and Air Carriers, and International Spends. This is applicable effective 25th Feb 2017 onwards.
• No Reward Points will be earned on fuel/railway transactions.
• There are no specific movie or dining benefits mentioned.
• International Lounge Access: Not applicable (NA).
• Golf Benefits: Not applicable (NA).

Milestone Benefits

• Get 10,000 Reward Points on achieving a spend of Rs. 4 lakhs in a year.
• Get 30,000 Reward Points if you spend Rs. 8 lakhs or more in a year.
• These bonus Reward Points are provided at the end of the term.

Travel Benefits

• Enjoy Airport Lounge Access, Gourmet Meals, comfortable seating, widescreen TVs, newspaper and magazines, and free Wi-Fi.
• Get 2 complimentary visits every quarter to select Domestic Lounges in India by simply swiping your Credit Card.
• For the list of select lounges, a link is provided on the bank's website.
• W.e.f. 1st June 2025: Spend ₹75,000 or more in a calendar quarter to enjoy Airport Lounge access in the next calendar quarter.

Insurance Benefits

• Receive coverage of Rs. 2.5 lakhs against fraudulent transactions on a lost/stolen card.
• Insurance coverage worth up to Rs. 2,50,000 is provided for any unauthorized transactions made on a lost or stolen card.

Important Updates (w.e.f. 01st June 2025) Regarding Reward Points Earnings

• Reward points can only be earned on education and Insurance spends up to ₹70,000 each per statement cycle.
• Reward points can only be earned on utility spends up to ₹50,000 per statement cycle.
• Reward points can only be earned on government spends up to ₹40,000 per statement cycle.
• Reward points earnings against Wallet Load, Fuel, Rent & Online skill-based gaming Spends will be discontinued.
• The aforementioned revisions will be based on the Merchant Category Codes (MCCs).

Rewards Redemption Guide

• Accumulate your reward points and redeem them against a wide array of options.
• Redemption options include air tickets, mobile recharge, 10,000 merchandise, e-vouchers, and much more.
• Points can be redeemed through easyrewardz with easy points or the kotakrewards.com website.
• The value of 1 Reward Point is Rs. 0.1875.

Card Eligibility Criteria

• Age: Between 21 Years and 65 Years.
• Income: Rs. 24 Lakh per annum or above.
• Credit Score: A decent credit score (750 or above) is required.

Card Review

The Kotak Royale Signature Credit Card is an excellent option for individuals seeking an affordable credit card that delivers exclusive benefits and significant savings. Its standout features include generous milestone benefits, comprehensive travel perks such as lounge access, robust card protection, and practical waivers on fuel and railway surcharges. Considering these appealing advantages and opportunities for savings, the Kotak Royale Signature Credit Card is a highly recommended choice. It is best suited for individuals who frequently travel and shop.

Important Product Details

• No joining fee.
• Renewal fee is Rs. 999 + GST, which can be waived on spending Rs. 1,00,000 in the preceding year.
• Earn 2 Reward Points per Rs. 150 on general spends and 4 Reward Points per Rs. 150 on special categories (Hotels, Restaurants, Travel Agencies & Tour Operators, Package Tour Operators, Airlines and Air Carriers, International Spends).
• Earn up to 30,000 bonus reward points on annual spends of ₹8 Lakhs (10,000 RPs for Rs. 4 lakhs spend, 30,000 RPs for Rs. 8 lakhs+ spend).
• Complimentary Airport Lounge Access in India (2 visits per quarter) including gourmet meals, comfortable seating, widescreen TVs, newspapers/magazines, and free Wi-Fi.
• W.e.f. 1st June 2025: Airport Lounge access requires a spend of ₹75,000 or more in the preceding calendar quarter.
• 1% fuel surcharge waiver (for transactions Rs. 500-3000, max Rs. 3500 annually).
• W.e.f. 1st June 2025: Fuel surcharge waiver for transactions between ₹500 and ₹5,000.
• Railway Surcharge Waiver (max Rs. 500 annually) on IRCTC website and booking counters.
• No reward points on fuel or railway transactions.
• Foreign Currency Markup of 3.5% on all international spends.
• Interest Rate of 3.4% per month (37.2% per annum).
• Cash Advance Charges of Rs. 300 per Rs. 10,000 withdrawn.
• Insurance coverage of Rs. 2.5 lakhs against fraudulent transactions on a lost/stolen card.
• W.e.f. 01st June 2025, reward point earning changes:
  • Capped at ₹70,000 per statement cycle for education and insurance spends.
  • Capped at ₹50,000 per statement cycle for utility spends.
  • Capped at ₹40,000 per statement cycle for government spends.
  • Reward points will no longer be earned on Wallet Load, Fuel, Rent, and Online skill-based gaming spends.

Other Details

• Priority Attend:
  • For on-call solutions, SMS "KASSIST" to 5676788, and the bank will call back within two hours.
  • Complimentary cheque pickup facility is available for paying monthly dues.
• Add-on Card:
  • Cardholders can set the spend limit on their Add-on Card as desired.
  • It is possible to track spends separately for each Add-on Card.
• How to Apply for Kotak Royale Signature Card:
  • Offline: Visit the nearest Kotak Mahindra Bank branch.
  • Online: Select the 'Kotak Royale Signature Credit Card', click 'Apply Now', fill in all essential details, and complete the required formalities.
• Lost Card: If your card is lost, it is important to inform the bank as soon as possible by calling 1860 266 2666 to get your card blocked or deactivated to prevent any unauthorized transactions.