Hello friends, welcome to our post today in which we are going to tell you about Kotak Royale Signature Credit Card. Kotak Bank Royal Signature Credit Card is a card that offers rewards and benefits across different categories like dining, travel and shopping. This Kotak Bank credit card comes in 2 types and you can choose one according to your budget.
The interest rate that will be charged to you when applied on the card will be 3.1% per month, in which there is no joining fee and there is an annual fee of Rs 999 which is if your annual expenditure is more than Rs 1 lakh. Is forgiven. How to get this card? We will tell you all this in today’s post as to what charges you will see here. So let us begin.
Highlights of Kotak Royale Signature Credit Card
- When you use this card for the first time you get 2 vouchers through BookMyShow.
- This card is designed to cater to the needs of those who travel frequently and want premium lifestyle privileges on their card.
- This is one of the two types of Royal Signature Credit Cards with no joining fees.
- You earn 4X reward points for every Rs 150 spent on exclusive categories like dining, travel, air tickets and international spends. On all other categories, this card offers 2X the rewards.
- kotak royale signature credit card features
Kotak Royale Signature Credit Card Features and Benefits
- If you have this credit card then you get 2 airport lounge visits per quarter at domestic airports. Also get unlimited paid access for you and your accompanying guests. You can enjoy various benefits provided by the lounge including delicious food, TV, newspapers and magazines, free Wi-Fi and more.
- If the annual expenditure is Rs 1 lakh in a calendar year, the annual fee for both paid and free variants will be waived.
- If you spend Rs 4 lakh in an anniversary year then you get 10,000 bonus reward points. But if you spend Rs. 8 lakh, you will get 30,000 reward points. Bonus reward points are accumulated at the end of the anniversary year.
- With the help of this card, you can avail 1% fuel surcharge waiver on all fuel transactions between Rs 500 and Rs 3,000. The maximum rebate is capped at Rs 3,500 per calendar year.
- You can also enjoy the railway surcharge waiver which is usually charged on railway ticket booking done using credit cards. And the maximum discount you will be allowed is Rs 500 per year.
- You can apply for an add-on card that has the same benefits as the primary card. Additionally, you can set spending limits and track spending on each card separately.
Cover against fraudulent transactions
Cardholders get a cover of Rs 2.5 lakh against fraudulent use of the credit card in case of loss or theft of the card. Fraudulent transactions up to 7 days prior to the card being reported lost will be covered.
Reward point benefits on Kotak Bank Royale Signature Credit Card
- If you use the card for special categories like dining, travel, air tickets and international spends, you get 4X reward points for every Rs 150 billed to you.
- Apart from these, you are offered 2X rewards on all other categories.
- Rewards received can be redeemed for redemption options like air tickets, air miles, cash, trading options, and mobile recharge with auto redemption feature making every purchase more rewarding.
Credit Limit on Kotak Royale Signature Credit Card
The credit limit as well as the credit limit of Kotak Royale Signature Credit Card will be informed to every cardholder at the time of card delivery. The credit limit on the card generally depends on the applicant’s income. Credit Limit is a part of the credit limit reserved for cash withdrawals. If you enable international transactions on your Signature Credit Card, the credit limit for the transaction remains the same as the card’s total limit. The total credit limit available on a credit card varies by credit card and depends on your card usage.
You will find the available credit limit in your monthly credit card statement. You can apply for increasing the credit card limit by contacting the bank directly. However, such requests can be made after using the card for a certain period prescribed by the bank.
How to get Kotak Royale Signature Credit Card?
You can apply for the Royal Signature Credit Card by calling the customer care number of the bank and requesting for an application for this type of credit card. A customer care executive will walk you through the procedure to apply for this credit card.
You can also apply for this credit card offline by visiting the nearest bank branch. Make sure that you carry all relevant documents including the application form. A representative from the bank will assist you with the application process.