Kotak Mahindra Royale Signature Credit Card Review

Kotak Mahindra Royale Signature Credit Card is one of the premium credit cards offered by Kotak Mahindra Bank, this card comes with. This card comes in two variants, one is with a joining fee and one is without joining, although there is not much difference between the two variants. This card offers big reward benefits, lounge access, hotel booking, fuel surcharge waiver, lost card liability coverage, milestone benefit, annual fee waiver, railway surcharge waiver, and lots more. 

Kotak Mahindra Royale Signature Credit Card Review
 

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 65 yrs. 
    • Income: ₹24 lakh annually. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: ₹24 lakh annually. 
  • Good CIBIL Score (750 or more).
  • Good relation with the bank.
  • This card is available in Bangalore, Delhi, Chennai, Chandigarh, Kolkata, Mumbai, Hyderabad, Ahmedabad, and Pune.  

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recent audited financial report. 

Fee:

  • Joining Fee: None / ₹1499 + GST
  • Annual Fee: ₹999 + GST

Benefits:

  • Reward benefit:

For every ₹150 transactions made on a package tour, airline, hotels, restaurants, and international spends you will get 4X reward points. 

  • Lounge access:

This card offers 2 free accesses to the partner’s Visa Lounges. You will get a maximum of 2 visits per quarter. 

  • Hotel booking:

You will get 4X reward points for every ₹150 transactions made on hotel bookings.

  • Fuel surcharge waiver:

This card offers up to ₹3,500 annual savings on fuel surcharge, applicable transaction amount is ₹500 to ₹3,500. 

  • Lost card liability coverage:

This card comes with ₹2.5 lakh coverage against lost or stolen cards. 

  • Milestone benefit:

If you can spend ₹4 lakh within a year, you will get 10,000 reward points also if you can spend ₹8 lakh in a year then you will get 30,000 reward points. 

You can redeem those reward points very easily against flight tickets, hotel booking, movie tickets, mobile recharge, etc.

  • Railway surcharge waiver:

You can have a ₹500 waiver in a year on railway surcharge, the tickets should be booked through www.irctc.com 

  • Annual fee waiver:

If you can spend ₹1 lakh or more in a year then the annual fee of the next year will be waived off.

  • Add-on feature:

You can add your loved ones with your card as an add-on member, and they can also enjoy the benefits of having a credit card. The add-on member should be at least 18 years old. 

  • Worldwide acceptance:

This card is globally accepted, you can use this card at any outlet or e-commerce site where the Visa cards are accepted. 

  • Spend tracker for add on card:

This feature allows you to track the spends of your add on members, it gives you more control over your account.  

  • Customizable spend limit:

With this feature, you can easily set a limit for each of your add-on members. This feature is very helpful in setting up a monthly budget. 

  • Worldwide acceptance:

This card is globally accepted, you can use this card at any outlet or e-commerce site where the Visa Cards are accepted.  

  •  Contactless facility:

This card comes with a contactless payment facility, not only it is convenient to make payments, but also it has reduced the risk of skimming. 

Charges:

  • Cash Withdrawal Charge: ₹300
  • Finance Charge: 3.4% monthly. 
  • Foreign currency transaction: 3.5% against the amount. 

Contact Details:

Call: 1800 266 2666

Mail: [email protected]

100xGain Ratings: 7/10

Final Opinion:

If you want a premium travel card at a low cost, then this card is perfect for you, you will get 10X reward points on travel-related spends, 2 free lunge accesses per quarter, benefit on hotel booking, fuel surcharge waiver, lost card liability coverage, annual fee waiver, milestone benefit and lots more. 

But if you want to spend more to have some extra benefits then you can go for Standard Chartered Emirates World Credit Card, and if you want benefits like golf access or dining benefits, then you can go for Indusind Bank Platinum Credit Card. 

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