Royale Signature Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Royale Signature Credit Card
Bank Name :
IDBI Bank
Type :
Lifestyle Credit Card
Interest Rate :
2.5% per month i.e. 30.00% p.a.
Eligibility :
Resident of India and should be in the age bracket of 21 years to 60 years (65 years for self-employed).
The add-on card holder should be 18 years and above.
Pros
Enjoy interest free credit of up to 48 days
Fuel surcharge waiver option available.
Provides an air travel accident insurance cover worth Rs. 25 lakhs.
Domestic airport lounge access facility available.
Globally accepted card.
Zero lost card liability.
Customers will be eligible for exclusive offers on airport shopping, hotel, car rentals etc.
Add-on card facility available.
Cons
No international lounge access facility available.
No cashback rewards available.
Pros & Cons
Welcome Benefits
Welcome gift of 750 Delight Points on first usage of the card within 30 days days or 400 Delight Points on usage between 31 to 90 days from the card issuance date. The minimum eligible transaction value for the welcome gift is Rs. 1,500.
Rewards System
1 Reward Point value = 0.25 Paisa.
3 Points for every Rs. 100 Spent.
Effective Cashback Rate: 0.75%
International Forex Markup
IFM- upto 3.5%
Welcome Benefits and Reward System
Special Features
Get rewards on all spends without restrictions.
Eligibility Criteria
Resident of India and should be in the age bracket of 21 years to 60 years (65 years for self-employed).
The add-on card holder should be 18 years and above.
Benefits
Interest-free period of up to 48 days: You can enjoy an interest-free period of up to 48 days on your purchases. This means that you can pay for your purchases later without having to pay any interest.
Welcome bonus of 750 Delight Points: You will get a welcome bonus of 750 Delight Points on the first usage of the card within 30 days. These points can be redeemed for various rewards, such as cashback, merchandise, flight tickets, and more.
Fuel surcharge waiver: You will get a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000. This means that you can save money on your fuel expenses.
Air travel accident insurance cover of Rs. 25 lakh: The card comes with an air travel accident insurance cover of Rs. 25 lakh. This means that your family will be compensated in the event of your death or permanent disability due to an air travel accident.
Complimentary domestic airport lounge access: You will get complimentary access to one domestic airport lounge per quarter. This will allow you to relax and freshen up before your flight. Zero liability protection: In case your card is lost or stolen, you will not be liable for any fraudulent transactions made on the card.
Rewards program: You will earn Delight Points on every purchase you make with your card. These points can be redeemed for various rewards, such as cashback, merchandise, flight tickets, and more.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Gather the required documents.
The required documents are: A recent passport-size photograph Proof of identity (any of the following): Voter ID, passport, driving license, PAN card, Aadhaar card Proof of residence (any of the following): Electricity bill, telephone bill, Aadhaar card, passport Proof of income (any of the following): Latest 3 months' salary slip, latest 3 months bank statement, income tax returns (ITR)/Form 16
You can apply for the card online through the IDBI Bank website. To do this, follow these steps:
Go to the IDBI Bank website and click on the "Credit Cards" tab.
Click on the "Apply for a Credit Card" button.
Select the "Royale Signature Credit Card" from the list of cards.
Enter your personal details and contact information.
Upload the required documents.
Submit your application.
Wait for the approval.
The bank will review your application and let you know the status within a few days.
If your application is approved, you will receive the card within 7-10 working days.
Contact Details
Call on our Phone Banking numbers - Toll Free -
1800 425 7600
Non Toll Free -
022 4042 6013 (24x7 service)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Enjoy interest free credit of up to 48 days
Fuel surcharge waiver option available.
Provides an air travel accident insurance cover worth Rs. 25 lakhs.
Domestic airport lounge access facility available.
Globally accepted card.
Zero lost card liability.
Customers will be eligible for exclusive offers on airport shopping, hotel, car rentals etc.
Add-on card facility available.
No international lounge access facility available.
No cashback rewards available.
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Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee - (Primary / Add-on Card): Nil
Annual Fee – (Primary Card / Add-on Card): Nil
Cash Advance Fee: 2.5% of transaction fee or Rs. 500/-, whichever is higher
Interest on Cash Advance; 2.5% (p.m.)
Late Payment Fess (Per occasion, Based on amount due)< = Rs. 500 – Nil > Rs.500 to <= Rs. 5000 – Rs.400 > Rs.5000 to < = Rs. 10000 - Rs.500 > Rs.10000 to < = Rs. 20000 - Rs.750 > Rs.20000 – Rs.950
Foreign Currency Transactions mark- up 3.5%
Rewards Points Redemption Fee: Nil
Fuel Surcharge
Fuel Transaction Charge : 1% Surcharge on Fuel transaction value or Rs.10, whichever is higher. However, Fuel surcharge waiver of up to Rs.100 per month is available. (The Surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000.)
Billing Cycle
30 Days