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NRI Royale Signature Credit Card

by Kshitiz V Sharma on

The Bottom Line

NRI Royale Signature Credit Card
High Fee, Low Rewards

Only for NRIs. 2 reward points / ₹200 on foreign spends and 1 points on all domestic spends.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield -1.2%^ -0.3%^ 0.1% 0.4% 0.5%
Est. Monthly Reward (₹) (65) (35) 20 190 470
All-India Rewards Rank* 241 265 288 300 273
Within Bank Rank* 11 14 13 12 11
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The NRI Royale Signature Credit Card gives 1% effective reward on all foreign spending and 0.50% on all domestic spending.

We estimate this card has a net reward yield of 0.4-0.5% on spending above ₹50,000 in a month.

The 811 #DreamDifferent Credit Card is the best entry level credit card from Kotak Mahindra Bank, with a net rewards yield of 0.4 – 1.0%.

If you are spending between ₹10,000 – 20,000 a month on your card, consider the Kotak Indigo Ka-ching 6E Rewards Credit Card with a net rewards yield of 0.7 – 1.1%

The Kotak IndiGo Ka-ching 6E Rewards XL Credit Card is the best choice for Kotak Mahindra Bank customers who charge ₹20,000+ a month on their card. You can earn a net rewards yield of up to 2.3% with this card.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card NRI Royale Signature Credit Card
Card Type Reward
Reward Features 2 Reward Points / ₹200 on Foreign spends

1 Reward points / ₹200 on everything else

Milestone Rewards Nil
Other Rewards 2 Complimentary Domestic Airport Lounge Visits / Qtr
Rewards Redemption Fee ₹99
Reward Caps Unlimited
Preferred Redemption Method Redeem on kotakrewards.com @₹1 / reward point

Fees & Charges

Card NRI Royale Signature Credit Card
Joining Fee Nil
Annual Fee ₹1,000 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
N/A
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee ₹599
Interest Rate 37.20% p.a.
Foreign Currency Markup 3.50%
Cash Advance Charge ₹300 on every withdrawal of ₹10,000
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