Kotak Bank Royale Signature Credit Card

Reward Point Benefits on Kotak Bank Royale Signature Credit Card

The Kotak Bank Royale Signature Credit Card provides a robust reward system that not only rewards everyday spending but also offers significant bonuses for reaching spending milestones, enhancing the overall value of the card. Cardholders can also pay with their reward points, eliminating the need for cash or cards, making transactions seamless and convenient.

Kotak Rewards: Kotak Rewards is your new point redemption currency, designed to simplify how you manage your rewards points. You can redeem your accumulated points across a variety of categories, including:

1. Mobile Recharge
2. Shopping: Access to over 10,000 products
3. E-vouchers: Redeemable at various brands
4. Movies: BookMyShow vouchers
5. Travel and many more options

Milestone Program: In addition to the points earned on regular transactions, cardholders can benefit from the Milestone Program, which provides bonus reward points upon achieving specific spending criteria within an anniversary year:

Bonus points are credited to your card account at the end of the anniversary period, and eligibility is based on achieving one of the milestones. For instance, if you spend Rs.8 Lakhs, you will earn 30,000 points.

Note: For cards issued before 25th February 2017: The milestone program runs from 1st February to 31st January each year. For cards issued after 25th February 2017: The program runs from the date of issuance until the next anniversary date.

How to Redeem Reward Points on Kotak Royale Signature Credit Card?

How to redeem Kotak Rewards

Before making a purchase, check your rewards points balance on the Kotak Rewards website or app. You can redeem your Kotak Rewards by following the instructions given below:

1. Step 1: Visit kotakrewards.com.
2. Step 2: Log in to your account using your Kotak credit card credentials.
3. Step 3: Browse through various categories available for redemption, such as shopping, travel, and more.
4. Step 4: Redeem points at partner stores and websites that accept Kotak Rewards.
5. Step 5: If you don’t have enough points for your desired redemption, pay the remaining amount using your Kotak Credit or Debit Card. This allows you to complete your transaction without missing out on the products or services you want.

How to Pay with Reward Points

This seamless payment process enhances your shopping experience, allowing you to utilise both your reward points and your card for any outstanding amounts. Follow the steps below:

1. Step 1: Select your favourite items at any participating merchant. This can be done either online or in-store, depending on where you choose to redeem your points.
2. Step 2: Once you are ready to check out, inform the cashier that you would like to redeem your reward points. This process usually involves scanning your Kotak card or entering your details at the merchant terminal.
3. Step 3: After redeeming your points, if there is a remaining balance, you can easily pay the rest with cash or your Kotak Credit or Debit Card. This seamless payment process enhances your shopping experience, allowing you to utilise both your reward points and your card for any outstanding amounts.

Credit Limit on Kotak Royale Signature Credit Card

The credit limit of Kotak Royale Signature Credit card along with the cash limit will be communicated to each cardholder at the time of card delivery. The credit limit on the card typically depends on the income of the applicant. Cash limit is a portion of the credit limit reserved for cash withdrawals. If you enable international transactions on your Signature credit card, the credit limit of the transactions remains the same as the total limit on the card. The available credit limit on the credit card is different from the total credit card and it varies as per your card usage. You will find the available credit limit in your monthly credit card statement.

You can apply for credit card limit enhancement by contacting the bank directly. However, such requests can be made after using the card for a certain period as stipulated by the bank.

Fees and Charges of Kotak Royale Signature Credit Card

Eligibility to Apply for Kotak Bank Royale Signature Credit Card

You can apply for the Kotak Bank Royale Signature Credit Card if you meet the following conditions:

1. You are aged between 21 to 65 years and the supplementary cardholder is at least 18 years of age.
2. You are a resident of India and reside at any of the following locations including Bangalore, Ahmedabad, Chennai, Chandigarh, Delhi NCR, Hyderabad, Kolkata, Pune and Mumbai.
3. Your annual income is at least Rs.24 lakh.

Documents Required to Apply for Kotak Royale Signature Credit Card

You will have to submit an identity proof and proof of income. Documents like PAN card, salary slip, Income Tax returns statement, Voter ID, Aadhar, etc. will be asked for during the application process. Kotak Mahindra Bank would inform you if it needs some additional documents.

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