Royale Signature Credit Card by Kotak Mahindra Bank

The Bottom Line

Royale Signature Credit Card

High Fee, Low Rewards

4 Reward Points / ₹150 spent on travel & international spends and 2 points on everything else.

Monthly Spend	₹5K	₹10K	₹20K	₹50K	₹100K
Net Reward Yield	-1.1%^	0.7%	0.7%	1.1%	0.9%
Est. Monthly Reward (₹)	(55)	65	130	540	875
All-India Rewards Rank*	228	98	148	119	155
Within Bank Rank*	10	6	9	4	6
* 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 Royale Signature Credit Card gives 1.33% effective rewards on travel & International spends and 0.67% on all other spending.

Including the value of milestone rewards, we estimate this card has a net reward yield of 0.7 – 1.1% on spending above ₹10,000 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	Royale Signature Credit Card
Card Type	Reward
Reward Features	4 Reward Points / ₹150 spent on: – Hotels – Restaurants – International Spends – Airlines and Air Carriers – Travel Agencies and Tour Operators – Package Tour Operators 2 Reward points / ₹150 spent on everything else
Milestone Rewards	– 10,000 reward points on annual spends of ₹4 Lacs – 30,000 reward points on annual spends of ₹8 Lacs
Other Rewards	2 Complementary Domestic Airport Lounge visit / Qtr.
Rewards Redemption Fee	Nil
Reward Caps	Unlimited
Preferred Redemption Method	Redeem on kotakrewards.com @₹0.25 / reward point

Fees & Charges

Card		Royale Signature Credit Card
Joining Fee		Nil
Annual Fee		₹999 + Taxes
Min. Annual Credit Card Spend for Fee Waiver		₹1 Lac
Income Criteria	Salaried	₹24 Lacs
Income Criteria	Self-employed	N/A
Supplementary Card Fee		Free
Interest Rate		42.00%
Foreign Currency Markup		3.50%
Cash Advance Charge		₹300 on every withdrawal of ₹10,000