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Kotak Royale Signature Credit Card

★★★☆★(3.5)

If you are someone who loves to lead a luxurious lifestyle and prioritises travel and leisure experiences, the Kotak Royale Signature Credit Card can be an excellent fit for you! It offers various benefits like free lounge access, free pickup and drop facility, a reward rate of 0.6% to 1.5%, and much more. To know if it's the right choice for you, keep reading.

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Kotak Royale Signature Credit CardFromSBI Bank
Powered ByVisa
Features and Benefits

Aspects that make spending using this card lit as the sun!

✘Welcome Bonus
✔Travel
✔Fuel
✔Rewards
✘Shopping
✘Cashback
✘Dining
✘Insurance
✘Interest
Lounge Access
Lounge Access
  • 2 Complimentary visits every quarter to “Dream Folks Lounges” in India.
Milestone Benefit
Milestone Benefit
  • 10,000 Reward points on spend of ₹4 lakh.
  • 30,000 Reward points on spend of ₹8 lakh.
Fuel Surcharge
Fuel Surcharge
  • Fuel Surcharge Waiver on all transactions between ₹500 and ₹3,000.
  • Note: Maximum waiver allowed in an anniversary year is ₹3,500.
Travel Benefit
Travel Benefit
  • Railway Surcharge Waiver on all the transactions done on IRCTC Website.
  • Note: Maximum waiver allowed in an anniversary year is ₹500.
Reward Points
Reward Points
  • 4X reward points for every ₹150 billed to the card for special categories like dining, travel, air tickets, and international spends.
  • On all other categories, 2X rewards are offered.
  • Reward rate: 0.6% to 1.5%
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

Nil

Annual Fee

₹999

Annual Percentage Rate

42%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

₹300

Cash Advance Limit

40%

Card Replacement Fee

₹100

Foreign Transaction Fee

3.50%

Over Limit Penalty

₹500

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.18
Pros

Aspects that make this credit card amazing.

  1. ⮚Waiver of fee on Fuel and Railway transactions.
  2. ⮚On-call 24x7 Priority Assistance for users.
  3. ⮚Attractive reward points on reaching milestones.
  4. ⮚All benefits can be availed on an Add-on card as well.
Cons

Aspects this credit card lacks.

  1. ⮚No welcome benefits are offered upon joining.
  2. ⮚Fuel and Railway transactions are not eligible for reward points.
  3. ⮚A minimum income of ₹24 Lakhs is required to avail this credit card.
  4. ⮚Only people from specific cities can only apply for this card.

Kotak Royale Signature Credit Card Review

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Kotak Royale Signature Credit Card offers a wide range of premium services to its users. One such benefit is exclusive add-on perks on travelling through airlines, such as a Gourmet meal, free wi-fi access, comfortable seating, etc. Moreover, users also earn attractive reward points as a milestone benefit but reward points on travel and other categories cannot be accumulated on transactions done on fuel and railways.

Overview

Best forLifestyle & Travel
Joining FeeNil
Annual Fee₹999
Welcome BenefitsNil
Card NetworkVisa

Kotak Royale Signature Credit Card Maximum Cashback

CategoriesRewards
Special Categories4 points
Other Categories2 points

Who should get an Kotak Royale Signature Credit Card?

As the Kotak Royale Signature Credit Card provides its users with various perks such as Airport lounge access, fee waiver on fuel and railway spending along with priority assistance, this card is appropriate for users who want to take advantage by earning reward points on all the spends across these categories, in exchange of an annual fee of ₹999.

How to Apply for an Kotak Royale Signature Credit Card?

1. Apply for an Kotak Royale Signature Credit Card Online

  • Users can apply for Kotak Royale Signature Credit Card online as well as offline according to their comfort. Those who want to apply offline, can simply visit the nearest branch with all the required documents and fill in the physical application form for a card. However, if someone prefers the online method, they can follow a few simple steps as mentioned below:
  • Visit Kotak Mahindra Bank’s website
  • Under the “Explore Products” tab, go to the “Card” section and click on the credit card.
  • Under the “Lifestyle & Travel” category, the Kotak Royale Signature Credit Card will be listed.
  • Click on “Apply Now” to start the application process.
  • Fill in all the required details and upload all the necessary documents to complete the process.

Kotak Royale Signature Credit Card Eligibility

  • Age: 21 to 65 years
  • Occupation: Salaried or Self Employed
  • Income: Salaried: ₹2,00,000 p.m., Self-Employed: ITR > Rs.24 Lakhs p.a.

Documents Required

  • Proof of identity: 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 or any other government-approved photo ID proof.
  • Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.