NRI Royale Signature Credit Card

The Bottom Line

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
Income Criteria	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