Kotak Bank Royale Signature Credit Card Review

Kotak Bank Royale Signature Credit Card Review


Joining Fee: Zero
Annual Fee: Rs 1499+GST / LTF




0.5% to 1.9%






Milestone Rewards, Domestic Airport Lounge Access, Fuel Surcharge Waiver

Kotak Bank and ICICI Bank are two banks that do not have credit cards that can match up to what others offer. Kotak has 20+ credit cards but most of them are not worth applying for because of low rewards and benefits. In this post, we review the Kotak Bank Royale Signature credit card and its rewards & benefits. The Royale is a Visa Signature card and is above the League Platinum in Kotak’s credit card offerings.

Fees and Charges

Joining FeeNIL
Annual FeeRs 1499+GST

LTF for Kotak Privy League Optima and Insignia Customers
Annual Fee WaiverRs 1 Lakh spend in an anniversary year
Kotak Bank Royale Signature Credit Card Review – Fees and Charges

Optima and Insignia are Kotak Bank’s premium banking programs under Privy League. The AMB required for these is upwards of Rs 10 Lakhs.

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The League Platinum card earns up to 4 reward points per Rs 150. There are two earn rates on the card depending on the total spent in a year and the purchase category.

Purchase CategoryEarn RateReturn
Hotels and Restaurants, Travel Agencies & Tour Operators, Airlines and Air Carriers, and International Spends4 RP/Rs 1501%
All other spends2 RP/Rs 1500.5%
Kotak Bank Royale Signature Credit Card Review – Rewards Table

This earn rate is less than we have on the lower variant League Platinum credit card. That’s because we have a ‘better’ milestone benefit on this one.

We get 30000 reward points on annual spending of Rs 8 Lakhs. This is worth Rs 7500 and an extra return of 0.94%. The spending required to get this milestone benefit is set too high. With the low rewards, there is no incentive to spend Rs 8 Lakhs just for the milestone benefit.

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Rewards Redemption

Accumulated reward points can be redeemed on the Kotak Rewards portal. The value for each reward point is 25 paise for all the options. Redemption options include:

Airtel Axis Bank Credit Card
  • Domestic Flights and Hotels
  • Product Catalog
  • Mobile Recharge
  • Gift Vouchers including Amazon and Flipkart

Complimentary Airport Lounge Access

  • 2 complimentary visits to Dream Folks lounges in India
  • The list of eligible lounges is available here.

Key Benefits

  • Fuel Surcharge Waiver: 1% for transactions between Rs 500 and Rs 3000. The maximum waiver is capped at Rs 3500 per calendar year.
  • Railway Surcharge Waiver: Applicable for IRCTC bookings. The maximum waiver is Rs 500 per calendar year.

Final Thoughts

Kotak Royale Signature is actually a quite good name but the rewards are average. Nowadays, the expectation is to get at least a 1% reward on credit card spending. The Kotak Royale Signature fails to meet this least need.

We have many cards that offer a better reward rate with a statement credit option. A few are the Amazon Pay ICICI, Flipkart Axis, SC Smart, and Axis Ace cards.

AU Bank Xcite Ace

Kotak Bank Royale Signature Credit Card


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