Kotak Royale Signature Credit Card: The Complete Guide to Features, Benefits and Application Process

Nowadays, credit cards are not just used for paying bills. They have now becoming holistic financial offerings with benefits including rewards, discounts and lifestyle benefits. Kotak Royale Signature Credit Card If you need everything at the premium this is the card you should be after. Not only does this card help people maximize their spending, the card also pays you for spending with fat rewards, travel perks, and so much more.

In this article, we will do a full-on review of the Kotak Royale Signature Credit Card. Know more about its features, benefits, eligibility, fees, and what makes it a standout amid the competition of various credit cards? Let us discuss now why would you do so and see what makes Kotak Royale Signature Credit Card the best fit for your lifestyle and your spending habits.

Review Summary Kotak Royale Signature Credit Card

Kotak Royale Signature Credit Card is a one of its kind credit card that ticks most of the boxes for any cardholder.

The Kotak Royale Signature Credit Card is a high-end credit card that is offered to meet the lifestyle needs of high spending individuals by Kotak Mahindra Bank. Whether you are a frequent traveler, a foodie or a lover of life’s luxuries, the credit card provides a suite of features and benefits to enjoy.

Kotak Mahindra Bank has ensured that it’s kept this card especially for those who want rewards, discounts and exclusive privileges, especially around travel, dining and entertainment. Kotak Royale Signature Credit Card offers you some of the best in class privileges in travel, shopping, dining, and much more; the features of this card include high reward points, accelerated reward points since the first spend & a host of insurance benefits, making it the most popular premium credit card available in the Indian market.

Key Highlights of the Kotak Royale Signature Credit Card

But before getting into the plethora of benefits this card provides, here’s the features that make the Kotak Royale Signature Credit Card so attractive:

Annual Fee

The joining charge of Kotak Royale Signature Credit Card is ₹2,499 +taxes.
The renewal amount is ₹2,499 plus taxes.
But here’s the thing: Despite the annual fee, there are some benefits of the card — like the fee waiver and the opportunity to earn hundreds of dollars in rewards.

Rewards Points System

For specific categories cardholders earn 6 Reward Points on every ₹150 spent.
Cardholders would get 1 Reward Point for every ₹150 spent on regular expenditures.
Bonus Reward Points are available on special promotions and on some products, and many of the Reward Partners offer qualification for Bonus Reward Points as part of their standard store offers.

Welcome Benefits

Applications also come with exciting welcome offers to new cardholders, either in the form of E-gift vouchers or reward points, as per the ongoing welcome offer when you apply for the card.

Cashback on Select Transactions

The Kotak Royale Signature Credit Card provides cashback on certain categories such as fuel, grocery purchases and online spends, thus appealing to diverse spenders.

EMI Conversion

The cardholders of Kotak Royale Signature are enable to convert their big-ticket purchases to paid in easy EMIs (Equated Monthly Installments) to manage the finances better. This facility is possible on as low as ₹2,500 with flexible tenures of 3-24 months.

Key Features of Kotak Royale Signature Credit Card

Kotak Royale Signature Credit Card comes replete with the finest luxury, lifestyle and dining, and travel advantages D Use it in India and abroad. Here are some of the important perks you’ll get as a cardholder:

Comprehensive Travel Benefits

For travellers, the Kotak Royale Signature Credit Card will be very much rewarding because it comes with a wide range of travel benefits. Here are the most important travel benefits of the card:

Lounge Access

Relax at domestic and international airports. It is one of the coolest benefits for people who travel often. The card comes with free access to lounges at certain international airports.
Also, cardmembers can enjoy premium lounges at leading domestic airports in India.
Being able to access lounges can give cardholders a chance to unwind before a flight, receive free drinks and food, and access premium services like Wi-Fi, nap rooms and more.

Airline Benefits

Get exclusive discounts and offers with our select airline partners with the Kotak Royale Signature Credit Card. It also comes with cashback offers, discount on flight tickets and extra miles on flight booking.
The card also comes with travel insurance, which will cover you while you're traveling outside the US, as well as within.

Dining Offers

Cardmembers get access to exclusive dining deals at participating restaurants and more. Cardmembers can avail discounts and offers at partner restaurants when dining with the Kotak Royale Signature Credit Card.
The card also offers cashback on food delivery apps such as Zomato and Swiggy, making it quite suitable for foodies too.

Reward Points and Redemption

One advantage of the Kotak Royale Signature Credit Card is its rewards program. Here’s what the rewards program looks like:

• Cardholders accrue 6 Reward Points for every ₹150 spent on select categories. This category includes money spent on eating, fuel, travelling and buying food.

• Cardholders get 2 Reward Points on every ₹150 spent on other categories.

Redemption Option

Fuel transactions Reward points can be redeemed against future purchases of fuel card, 10,000 reward points will be equal to Rs. 2,000
While other purchases, 2,500 reward points will be equal to Rs. 2,000
You can also redeem your reward points for gifts, flight miles and cash. Cardholders have a variety of ways to redeem their rewards with the help of the redemption flexibility.

Entertainment and Lifestyle Benefits

Exclusive Events

Cardholders of the Kotak Royale Signature Credit Card are privileged with special access to events such as movie screenings, concerts and gala dinners. Cardmembers are invited to these experiences aimed at experiencing life in a best-in-class manner.

Shopping Discounts

Cardholders get exclusive offers & discounts on online shopping at Amazon, Myntra, and Flipkart; such that you save while you shop for your favorite brands.

Insurance Coverage

For those concerned about safety, the Kotak Royale Signature Credit Card comes with complete insurance protection, such as:

Purchase Protection

In case an item bought with the card is damaged or stolen within a certain period, the cardholder is eligible for purchase protection.

Travel Insurance

Card provides travel insurance – covering lost baggage, medical emergencies, as well as flight cancellations.

Credit Shield Insurance

This insurance is designed to take care of any outstanding balance on the card, in the event of unforeseen circumstances such as hospitalization and death, leaving you unable to pay back the outstanding balance on your card.

Kotak Royale Signature Credit Card: Charges and Fees

You should keep in mind the following fees and charges on the Kotak Royale Signature Credit Card:

• Joining Fee: ₹2,499 (plus GST).

• Renewal Fee ₹2,499 (plus taxes).

• Interest Rate: The interest rate on Outstanding Balance is 3.4% per month, ~40.8% per annum.

• Late Payment Fee – It varies from ₹100 to ₹1,300 depending on the overdue amount.

• Cash Withdrawal Fee: You will be charged 2.5% of the amount (Minimum of ₹300) when you use an ATM to withdraw cash.

Eligibility Criteria

To be eligible for the Kotak Royale Signature Credit Card, you need to fulfil the following eligibility criteria:

• Age Criteria: Candidate should have been at least 21 years and a maximum of 60 years.

• Income: Minimum monthly income should be ₹50,000 (salaried). In the case of self-employed, minimum annual income should be ₹7.5 lakh or more.

• Credit score: You need to have a credit score of 750 (or above) to apply for the Kotak Royale Signature Credit Card.

How to Utilize the Kotak Royale Signature Credit Card Efficiently

To make the most out of your Kotak Royale Signature Credit Card, here are a few suggestions:

• Avoid Late Payments: Always pay your bills on time to avoid late fees and interest payments.

• Monitor Reward Points: Monitor your reward points frequently so that you can redeem them for their maximum value. Remember: definitely make good use of the bonus points during their promotions.

• For Online Shopping: Considering it has accelerated reward points for online transactions, you would want to use it for your online spends, at least for partner websites.

• Take Advantage of Lounge: In case you are a regular traveler, enjoy the free lounge access and use this facility to chill during travel.

Conclusion

The Kotak Royale Signature Credit Card is perfect for those who like living life in the fast lane with luxury and exclusive offers or rewards. It provides a comprehensive list of features including reward points, travel perks and dining discounts, and insurance among others, a complete bundle, if you will, for spending.

Although it comes at an annual fee which is rather on the higher side, the perks do more than compensate for this fee when it comes to frequent travelers, foodie enthusiasts and shopaholics who stand to capitalize on the reward points and exclusive privileges on offer. Whether you want to elevate your travel experience or simply pamper yourself with exclusive privileges, the Kotak Royale Signature Credit Card is perfect for you as it will spoil you with rewards.

If you are a lazy person rich in taste and lifestyle, then the Kotak Royale Signature credit card is the key for your luxurious and comfortable life.