Kotak NRI Royale Signature Credit Card 2022 Review

The Kotak NRI Royale Signature Credit Card is perfect for NRIs! It comes with a host of features, including tailored benefits just for NRIs. Let’s take a closer look at some of

the benefits and limitations of this card.

One of the best things about the Kotak NRI Royale Signature Credit Card is that it offers great value against deposits. So, if you have some money saved up in a Kotak bank account, you can use that money to get a great credit card! Additionally, the card offers many other benefits, such as Railway Surcharge Waiver and NRI Royale Shield( Insurance). You can also enjoy access to airport lounges with this card.

However, there are some limitations to this card. For example, there is a high annual fee of Rs 1,000 for this card. Additionally, the overall rewards rate is not that great.

Let’s look at all the benefits of this card in detail to make an informed decision about this credit card.


What’s Ahead

  1. Annual and Joining Fees
  2. Other Charges
  3. Benefits and Features
  4. Airport Lounge Access
  5. Final Thought
Kotak NRI Royale Signature Credit Card
Kotak NRI Royale Signature Credit Card

Annual and Joining Fees

  • Joining Fee: Nil
  • Annual Fee: Rs. 1,000 + GST (No Annual Fees waiver in any condition).
  • Addon Card Fees: Rs. 599 per Add card

The joining fee is Nil. However, there is an annual fee of Rs. 1,000 for this card which you need to pay. Additionally, each additional card costs Rs. 599 per year. The Annual fees can not be waived under any condition, the first disadvantage of this credit card. Almost all premium credit cards waive the annual fees in some conditions. However, Kotak NRI Royale does not.

Other Charges

Details Charges
Joining Fees NIL
Annual Fees Rs. 1000
Addon card Fees Rs. 599 per Add on card
Interest Charges on outstanding Balances 3.10% (Annualized 37.2%)
MAD Balance MAD can be 5% or 10% of TAD as decided by the Bank
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof Rs. 300
Over Limit Charge Rs. 500
Foreign Currency Mark Up 3.5%

Now let’s see the Benefits of the Kotak NRI Royale Signature Credit Card.

Read More: Detailed Review about Kotak White Credit Card

Benefits and Features

  • Earn 2X rewards on spending outside India; i.e., earn 2 rewards points for every Rs. 200/- spent
  • Earn 1 reward point for every Rs. 200/- spent within India

If you spend money outside of India, you will earn 2 rewards points. So if you spend Rs 200, you will get 2 rewards points. You can use these reward points to get cashback in the statement.

If you spend money in India, it will also be worth 1 reward point.

Note: 1 Kotal Reward Point = Rs.1, so-net rewards are 2% on International spending and 1% on Domestic spending in any category.

Airport Lounge Access

Airport lounge access is favorite due to Covid-19’s international & domestic airport lounge access. Here are Lounge access benefits you will get:

  • Complimentary access to Airport Lounges in India
  • Maximum 2 free accesses for Kotak Signature cardholders (per quarter)
  • Lounges are not available at all airports.
  • Check Airport list where Lounges is Available
  • Valid up to 31st Match 2022.

Kotak NRI Royale Signature Credit Cardholders can enjoy complimentary access to Airport Lounges in India. This lets you relax in a comfortable setting, with access to gourmet meals, TVs, newspapers, magazines, and free Wi-Fi. In addition, cardholders have unrestricted access for themselves and their accompanying guests.

Pro Tip: Please verify that access to Lounges is permitted or denied from the Kotak VISA website since it changes regularly.

Other Benefits and Features

Freedom to Purchase and Pay in INR

  • Save the mark-up fee charged on your credit card issued outside of India or the hassles of currency exchange while visiting India.
  • Pay Indian Rupees for your purchases, travel, and food to save money.

Fuel Surcharge Waiver

  • You can save fuel surcharge if your transactions are between Rs. 500 and Rs. 3000.
  • The maximum fuel surcharge waiver allowed in a calendar year is Rs. 3500.

Railway Surcharge Waiver

Kotak NRI Royale Signature Credit Cardholders can enjoy a railway surcharge waiver when making transactions on www.irctc.co.in or at Indian Railways booking counters. The maximum waiver you can get in a calendar year is Rs. 500/-, so make the most of your benefits!

NRI Royale Shield

  • If your Credit Card is stolen, you are covered for up to 7 days before reporting it.
  • You’ll need to call the Customer Contact Centre immediately and get your card deactivated/blocked to prevent misuse. Be sure to register a claim with the Insurance Company if needed.

Gift an Add-on Card

  • Gift an add-on card to your spouse, parents, or children (above 18 years) and extend the benefits of the NRI Royale Card to your loved ones
  • The add-on card would be issued irrespective of location or citizenship status.
  • One-time fee of Rs. 599/- per add-on card is applicable

Rewards Redemption

Pay with Reward Points:

  • Pay without cash. Pay without card
  • Now with your Kotak credit card, reward points are converted into currency at merchant outlets when you shop with your Kotak Credit Card.

This is one of the best options to redeem your rewards as you don’t have to pay cash; the cashback shall be Credited in a credit card statement.

Redemption options:

Here are the steps to redeem your rewards,

  • The reward can be redeemed on Movie Tickets, Mobile Recharge, Branded Merchandise.
  • Visit www.kotak.com
  • Click on Net Banking
  • Log in using your CRN, Password & One Time Password.
  • Choose Credit Cards
  • Select the Reward Redemption option of your choice.
  • Please note: For redemption against Airline tickets / Merchandise / Mobile recharge, Reward points must be converted to Easy Points. 1 Reward Point = 2 Easy points.

Final Thought

Kotak NRI Royale Signature Credit Card 2022 Review

Conclusion paragraph: Kotak’s credit card does not give many rewards but in case of Kotak NRI Royale Signature Credit Card, it is different. It gives good rewards 2 % on International Spends and 1% on all domestic spends; however, if we compare to the return for domestic spending then this isn't so great. If you already have a Kotak account or are planning to apply one soon, be sure to take advantage of the offer before time runs out!

Editor's Rating:
3.7

Do you have Kotak NRI Royale Signature Credit Card, or planning to apply one? Share your take on comment below.

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