Kotak Bank Royale Signature Credit Card
Kotak Royale Signature Credit Card is a premium credit card offering from Kotak Mahindra Bank, tailored to meet the sophisticated financial needs and lifestyle preferences of discerning customers. Designed to provide a blend of exclusive benefits, rewards, and privileges, this card is a testament to luxury, convenience, and personalized service.Apply Credit Card
The Kotak Bank Royale Signature Credit Card is a special card that brings a world of rewards and benefits to its users. Designed to enhance the experience of shopping and traveling, this credit card offers enticing perks across various categories such as dining, travel, and shopping. With two different types available, you can choose the one that fits your budget perfectly. This card lets you earn valuable reward points on all your purchases, which can later be redeemed for things like air tickets, merchandise, and even mobile recharge. Whether you’re a frequent traveler or a savvy shopper, the Kotak Royale Signature Credit Card is designed to provide a rewarding experience, all while catering to your unique preferences and needs.
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Key Highlights of Kotak Royale Signature Credit Card
- You can avail a Kotak Mahindra Bank Royale Signature Credit Card variant that comes with zero joining fee.
- Kotak Royale Signature Credit Card annual fee is completely waived off on minimum annual retail spends of Rs. 1 Lakh.
- This card provides complimentary airport lounge access.
- Earn reward points on every spend of Rs. 150 and opt for instant Kotak Royale Signature Credit Card reward points value redemption.
- Credit card insurance up to Rs. 2,50,000 against loss and theft.
- Annual fuel surcharge waiver up to Rs. 3,500 available.
- Annual railway surcharge waiver up to Rs. 500 available.
- You can check Kotak Royale Signature Credit Card reviews available online to know how beneficial this card is.
Features and Benefits of Kotak Bank Royale Signature Credit Card
Travel Benefits:
Get 2 free visits every 3 months to Dream Folks Lounges in India.
Enjoy features like delicious food, comfy seats, big TVs, newspapers, magazines, and Wi-Fi.
Earn Reward Points:
Get up to 4 points for every Rs. 150 spent using your Kotak Royale Signature Credit Card.
4 points for special categories (Hotels, Restaurants, Travel Agencies, Airlines, etc.).
2 points for other categories.
Points can be used for air tickets, mobile recharge, merchandise, and more through easyrewardz.
Choose Your Rewards:
Save up points for various options like airfare, mobile recharge, and merchandise.
Redeem through easyrewardz or other attractive choices.
Fuel Surcharge Waiver:
Valid on transactions of Rs. 500 to Rs. 3000.
Maximum waiver in a year is Rs. 3500.
No reward points on fuel transactions.
Railway Surcharge Waiver:
No surcharge on transactions at www.irctc.co.in and Indian Railways Booking Counters.
Maximum waiver per year is Rs. 500.
No reward points on railway surcharge waiver.
Add-on Card:
Enjoy all benefits of your main card.
Set spending limits for each Add-on Card.
Keep track of spending on individual Add-on Cards.
Kotak Royale Signature Credit Card Fees and Charges
Royale (No Joining Fee): No fee to join this variant.
Royale (With Joining Fee): Joining fee of Rs. 1499.
Annual Fees:
Royale (No Joining Fee): Rs. 999 per year.
Royale (With Joining Fee): Rs. 999 per year.
Waiver Conditions for Annual Fees:
For the first and second year, you need to spend Rs. 1 lakh annually on retail purchases to avoid paying the annual fee for both Royale variants.
Additional Card Fee:
No fee for getting an additional card.
Interest Charges on Outstanding Balances:
The interest rate is 3.5% per month (42% annually) on the remaining balance.
Minimum Amount Due (MAD):
MAD can be 5% or 10% of the Total Amount Due (TAD) as decided by the bank.
ATM Cash Withdrawal and Other Transactions:
Rs. 300 fee for every Rs. 10,000 or part thereof for ATM cash withdrawal, call a draft, fund transfer, or cash advance.
Late Payment Charges (LPC):
Rs. 100 LPC for outstanding statement balances up to Rs. 500.
Rs. 500 LPC for outstanding balances between Rs. 500.01 and Rs. 10,000.
Rs. 700 LPC for outstanding balances greater than Rs. 10,000.
Over Limit Charge:
Rs. 500 charge if you exceed your credit limit.
Cheque Bounce Charges:
Rs. 500 charge for a bounced cheque.
Foreign Currency Mark Up:
A charge of 0.035 (3.5%) on transactions in foreign currency.
Kotak Bank’s Other Cards
Kotak League Platinum Credit Card
Kotak Urbane Gold Credit Card
Myntra Kotak Credit Card
Kotak Royale Signature Credit Card Eligibility
- Primary Card Holder’s Age: You need to be between 21 and 65 years old to be the main card holder.
- Add-On Card Holder’s Age: If you want to add someone else to your card, they need to be 18 years or older.
- Location: You can apply for this card if you live in certain cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, or Pune.
- Income: Your yearly income should be Rs. 24 Lakhs or more.
- Residency: You must be a resident of India to apply for this card.
Documents Required for Kotak Mahindra Royale Signature Credit Card
- Proof of income, like salary slips, Income Tax return statement, and more.
- Identity proof, like PAN card, Voter ID, or Aadhar Card.
How to apply for Kotak Royale Signature Credit Card?
You have two options: you can apply either offline by visiting a branch or online through the Kotak Bank website. Here’s how to do it:
Option 1: Apply Offline
- Find a Kotak Mahindra Bank branch nearest to you.
- Visit the branch in person.
- Speak to a bank representative and express your interest in applying for the Kotak Mahindra Royale Signature Credit Card.
- They will provide you with the necessary application form and guide you through the process.
- Fill out the form with all the required details.
- Submit the completed form along with any necessary documents.
Option 2: Apply Online
- Open a web browser and go to the official Kotak Mahindra Bank website (kotak.com).
- Look for the section called ‘Explore Products’ and click on it.
- Choose ‘Credit Cards’ from the options that appear.
- Find and select the ‘Kotak Royale Signature Credit Card’ and click ‘Apply Now.’
- You will be directed to an online application form.
- Fill in the required personal, financial, and contact information as requested.
- Double-check your details to make sure they are accurate.
- Submit the application form.
Once you’ve completed either the offline or online application process, the bank will review your application. If you meet the eligibility criteria and provide the necessary documents, the bank will process your application. If approved, you’ll receive further communication about the next steps, and your new Kotak Bank Royale Signature Credit Card will be sent to you.
Frequently Asked Questions (FAQs) -
The Kotak Bank Royale Signature Credit Card comes with a range of features, including high credit limits, exclusive lifestyle privileges, reward points on transactions, and complimentary access to airport lounges. It is designed to offer a premium banking experience.
You can apply for the Kotak Bank Royale Signature Credit Card online through the official Kotak Mahindra Bank website. Alternatively, you may visit the nearest Kotak Mahindra Bank branch to fill out the application form and submit the necessary documents.
The eligibility criteria may vary, but generally, applicants should meet certain income requirements and have a good credit score. Specific details can be obtained from the official Kotak Mahindra Bank website or by contacting their customer service.
The annual fee and other charges associated with the card may change from time to time. It’s advisable to check the latest fee structure on the official website or contact the customer service for the most up-to-date information.
Yes, the card offers a rewards program where you can earn points on your transactions. These points can be redeemed for various benefits, including merchandise, gift vouchers, and more. Details about the rewards program can be found in the card’s terms and conditions.
The Royale Signature Credit Card provides complimentary access to airport lounges, which can enhance your travel experience. Additionally, it may offer other lifestyle benefits such as discounts on dining, entertainment, and shopping. Check the card’s features and terms for specific details.
You can access your credit card statement online through the Kotak Mahindra Bank net banking portal or mobile app. Statements are usually generated monthly, and you will receive notifications for the same.
In case of a lost or stolen card, immediately contact Kotak Mahindra Bank’s customer service helpline to report the incident. The bank will guide you through the process of blocking the card and issuing a replacement.
Is there a grace period for the payment of outstanding balances on the Royale Signature Credit Card?
The billing cycle and grace period for payment may vary. It’s essential to review the terms and conditions of the card to understand the billing cycle and the grace period allowed for making payments without incurring additional charges.
Yes, the card may offer the option to convert specific transactions into easy monthly installments (EMIs). Check with the bank for details on eligibility, interest rates, and other terms associated with this feature.