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Kotak Royale Signature Credit Card

Annual fee₹999Waived on ₹1.0L spend

RewardsEarn 2 reward points on every ₹150 spent across other eligible base categories

Forex markup3.5%

No longer offered

Kotak Mahindra Bank is no longer accepting applications for this card. Existing cardholders continue to be served, so the fees and features below are kept here for reference. There is no application or eligibility check to offer.

Not open to new applicants · kept here for reference

Independent comparison platform. Not affiliated with Kotak Mahindra Bank. Full disclaimer

Welcome benefits

Get up to 30,000 bonus reward points on annual spends of ₹8 Lakhs

Rewards

Base earn rate

Earn 2 reward points on every ₹150 spent across other eligible base categories

Excludes: Wallet Load, Fuel, Rent, Online Skill Based Gaming

• Minimum redemption: 2000 points

Milestone benefits

Earn 10,000 Reward points on annual spends of ₹4,00,000 OR 30,000 Reward points on annual spends of ₹8,00,000. In addition to the reward points which you will earn on every transaction, you will also be eligible for bonus reward points on achieving the below spends criteria, in an anniversary year. Bonus reward points will be credited to your card account at the end of an anniversary period* as per the eligibility. Customer will be eligible for Bonus Reward Points basis only one of the Milestones at the end of the term. If someone has achieved spends of Rs. 8 Lakhs, he will be entitled to only 30,000 reward points. * In case, your card is issued prior to 25th Feb'17, your milestone program will run from 1st Feb to 31st Jan every year. In case, your card is issued post 25th Feb'17, your milestone program will run from the date of issuance to the next anniversary date. For milestone benefits, all transactions settled during milestone period will be considered. Example- Milestone period is 1st Jan 2021 to 31st Dec 2021, then the transactions settled till 31st Dec 2021 will be considered for milestone benefits. Any transaction settled post 31st Dec 2021 will be considered in next milestone period. Effective 1st June 2025, Spends on Utility, Wallet Load, Fuel, Online skill-based gaming, Insurance, Government, Rent, and Education will not be considered when calculating milestone benefits. The aforementioned revisions will be based on the Merchant Category Codes (MCCs), which are 4-digit numbers assigned to merchants or businesses by card networks such as VISA, MasterCard, and RuPay.

Lounge access

Domestic

8visits / year

Max 2 per quarter
Requires ₹75,000 prior spend

Dream Folks

DreamFolks lounge programme →

International

Not included

Fees & charges

Joining fee: ₹ 1499
Annual / renewal fee: ₹ 999
Annual fee waiver: Annual retail spends of ₹100,000
Add-on card fee: ₹299
Interest rate: 3.75% per month (45% p.a.)
Interest-free period: 48 days
Cash advance fee: 2.5%, min ₹500
Overlimit fee: 0%, min ₹500
Payment dishonour: ₹500
Forex markup: 3.50%
DCC markup: 3.50%
Fuel surcharge: 1% waiver, on ₹500–₹5000 txns, max ₹400/cycle

Late payment

Outstanding amount	Late fee
₹0 – ₹100	₹0
₹101 – ₹500	₹100
₹501 – ₹1,000	₹500
₹1,001 – ₹5,000	₹600
₹5,001 – ₹10,000	₹750
₹10,001 – ₹25,000	₹900
₹25,001 – ₹50,000	₹1,100
Above ₹50,001	₹1,300

View official MITC →

Eligibility

Salaried: minimum ₹25,000/month income. Self-employed: ₹6,00,000/year ITR. Age 21–65. CIBIL 700+.

Features

Additional features

Earn 4 reward points for every ₹150 spent on accelerated categories and 2 reward points on base categories. Enjoy complimentary domestic airport lounge access. Get 10,000 bonus reward points on crossing 4 lakhs spends OR 30,000 points on crossing 8 lakhs spends every anniversary year. Enjoy Annual Fee waiver on annual retail spends of ₹1,00,000.

No rewards on

Wallet Load · Fuel · Rent · Online Skill Based Gaming