Kotak Royale Signature Credit Card
Joining Fee: No Joining Fee
Renewal Fee: ₹999 + GST
Reward Type: Reward Points
Rewards Program
Earn 2 Reward Points for every Rs. 150 spent on general transactions.
Earn 4 Reward Points per Rs. 150 spent on select categories, including restaurants, hotels, international spends, airlines, and travel-related services such as tour operators.
No Reward Points are earned on fuel and railway transactions.
Milestone Benefits
10,000 Reward Points for annual spends of Rs. 4 Lakhs.
30,000 Reward Points for annual spends of Rs. 8 Lakhs or more.
These bonus Reward Points are awarded at the end of the membership year.
Reward Redemption
Reward Points can be redeemed on the kotakrewards.com platform for various categories such as shopping, travel, movies, mobile recharges, and e-vouchers.
Travel Benefits
Domestic Lounge Access: Enjoy 2 complimentary domestic lounge access per quarter through the Visa Lounge Access Program.
International Lounge Access: Not available with this card.
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 across all fuel stations in India.
Maximum waiver capped at Rs. 3,500 per year.
Railway Surcharge Waiver
Railway surcharge waived for transactions on irctc.co.in or railway booking counters.
The waiver is capped at Rs. 500 annually.
Insurance Benefits
Lost Card Protection: Insurance coverage of up to Rs. 2.5 Lakhs against fraudulent transactions made on a lost or stolen card, applicable from 7 days prior to reporting the loss.
Annual Fee Waiver
Spend Rs. 1 Lakh or more in a year to get the renewal fee waived for the following year.
Summary
The Kotak Royale Signature Credit Card offers a rewarding experience with 2 Reward Points per Rs. 150 spent on general transactions and 4 Reward Points per Rs. 150 on categories like restaurants, hotels, international spends, and travel services. Cardholders can earn milestone benefits of 10,000 Reward Points for spending Rs. 4 Lakhs annually and 30,000 Reward Points for spending Rs. 8 Lakhs or more. Reward Points can be redeemed on kotakrewards.com for shopping, travel, and e-vouchers.The card also offers 2 complimentary domestic lounge visits per quarter and a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000. Additional perks include a railway surcharge waiver and lost card protection up to Rs. 2.5 Lakhs. Cardholders can also waive the annual renewal fee by spending Rs. 1 Lakh annually. This card is ideal for those seeking affordable rewards, milestone benefits, and travel perks.