IDBI Bank Royale Signature Credit Card: Fees, Charges, Features & Eligibility

We all are on a continuous hunt for a credit card that suits our lifestyle. We always look for the perfect credit card with maximum benefits. If you are someone who loves to shop and who loves to travel then your hunt for a perfect credit card ends here as the IDBI Royale Signature credit card is the perfect match for you!

This credit card goes hand in hand with your lifestyle and choices since you love shopping and traveling. This credit card will be with your on your domestic as well as international journey and will offer you maximum benefits. You do not even have to worry about security as it offers an absolutely secure service as it comes with an EVM chip and a security pin.

Features and Benefits

First things first let us cover the features of the IDBI Royale Signature Credit Card

• Joining Fee: The IDBI Royale Signature Credit Card has no ‘Joining’ as well as ‘Annual’ fee. So you will not spend unnecessary money on the joining and annual fees.
• Welcome offer: The cardholders get a special ‘Welcome offer’ where in you can earn 750 reward points when you use your card within 30 days of your card issuance. 

There is an alternative option to this and that is you can earn 400 reward points when you use your card between a period of 31 to 90 days. But you have to note that this is applicable only when the transactions are Rs. 1500 and above. 

• Airport Lounge Access: You get 1 complimentary lounge access at domestic airports across India under the Visa Domestic Lounge program. (*per calendar quarter)
• Travel Benefits: Domestic airport lounge access under the Visa Domestic Lounge Program. And get personal air accident insurance worth Rs. 25 lakh.

• Fuel Surcharge Waiver: Complete waiver of 2.5% fule surcharge every time you fill fuel using you Credit card across all fuel stations for transactions in the range of Rs. 400 to Rs. 5,000. (*Max Rs. 500 per Month)

• EMV-chip and PIN Protection: The IDBI Royale Signature Credit card comes with tight security as it has an EMV chip and a security pin. This chip protects your card from any kind of fraudulent activities and transactions. 

Also, the security pin makes sure that every single transaction is verified, approved, and authorized by you. 

• Interest-free Period: One of the most beneficial features of the IDBI Royale Signature credit card is that you get 48 interest-free days on your purchases. Also, you get the choice to pay the bills in full or you can even pay the minimum due. 
• Zero Lost Card Liability: The IDBI Royale Signature Credit card has a Zero Lost Card Liability feature through which if you lose your credit card by any chance you can just contact the IDBI bank’s customer service. 

Once you have successfully reported the loss of your credit card then you will not be liable for any fraudulent activities on that particular credit card. So you do not have anything to worry about and this feature gives you peace of mind as well. 

• Family Cards: The IDBI Royale Signature credit card also offers to add-on cards for your family members and your loved ones. But the only eligibility criteria is that they should be above the age of 18. Also, you have to note that the reward points earned on these add-on credit cards will be merged with the primary card. 
• Wider Acceptance: The thing that makes the IDBI Royale Signature Credit card extremely convenient is that it is accepted at more than 9 lakh merchants all across India and around more than 29 million merchant outlets worldwide. 
• Welcome e-Kit: All the users are given a ‘Welcome e-Kit’ on joining. This e-kit contains detailed information regarding Card usage, cardholder agreement, and all the terms and conditions which come in a pdf format. So once you join do not forget to check out all the terms and conditions thoroughly.

Reward Points

1. The reward points are debited as the ‘Delight Points’ for the IDBI Royale Signature Credit Card. 
2. When you get this card, you can get a whopping 750 delight points on the first usage of the card within the first 30 days from the issuance of the credit card. But you have to remember that the transaction amount should be Rs. 1500 and above. 
3. You can earn 400 delight points on the first usage of this credit card within a time period of 31 to 90 days. The transaction value remains the same and that is Rs. 1500 and above. 
4. You will get 3 delight points for every 100 rupees that you spend with the IDBI Royale Signature Credit Card. 

So now that we have covered reward points offered by the IDBI Royale Signature Credit Card let us look into how you can redeem these points and the terms and conditions for it.

Reward Points Redemption

1. The reward points that you earn in the form of delight points are redeemable in the form of cashback, merchandise, flight tickets, mobile recharge hotel reservations, gift cards, movie tickets, and many more. 
2. One of the best things is that you can redeem this cashback in the form of cashback and use it against your outstanding balance. 
3. You will earn 3 reward points on every Rs. 100 that you spend and the value of one reward point is Rs. 0.25. 
4. You have to note that the reward points that you earn will expire after 3 years except for the month of accumulation of the reward points. 
5. The reward points that you earn on the add-on cards will be merged with the main primary card. 

Now that we have seen all the features and reward points and their redemption let us move on to the other most important thing and that is the fees and charges. We will be breaking down all the types of fees and charges that you will have to pay. 

Below mentioned are the various fees, interest rates, and charges that come with the IDBI Royale Signature Credit Card – 

Fees and Charges

Joining Fee	Free
Annual Fee	Free
Add-on Card Fee	Free
Interest on revolving Credit Facility	2.5% per month
Cash Advance Transaction Fee	2.5% of Transaction amount or Rs. 500, (whichever is higher)
Interest on Cash Advance	2.5% per month
Late Payment Fee	Up to Rs. 99 = Nill Rs. 100 to Rs. 500 = Rs. 100 Rs. 501 to Rs. 5000 = Rs. 400 Rs. 5001 to Rs. 20000 = Rs. 500 Above Rs. 20000 = Rs. 750
Foreign Transaction Fee	3% Cross Currency Mark up
Over Limit Fee	2.5% of the over limit amount Min Rs. 500
Rewards Redemption Fee	Nill
Free Credit Period	48 days (depends on your statement date)
Cheque / Auto Debit Return Charges	Rs. 500
Card Replacement Fee	Rs. 200
Balance Transfer Fees	Min Amount: Rs. 3000 1.5% of amount or Rs. 199 (whichever is higher)

EMI Facility

1. The IDBI Royale Signature Credit card offers an EMI facility for purchases of Rs. 3000 and above. 
2. So you do not have to worry about large purchases as you can easily grab the EMI facility and repay the amount in 3, 6, 9, or even 12 months.
3. The interest rate charged will be 13% per annum.
4. The best thing about this EMI facility is that there is no process or foreclosure fee. 

So you can take advantage of this EMI facility without having to worry about paying a huge amount at once. The IDBI Royale has eligibility criteria so not everyone is eligible for this credit card. So let us now see the eligibility criteria for the IDBI Royale Signature Credit card.

Eligibility Criteria

The eligibility criteria for the IDBI Royale Signature Credit Card is as follows –

• Bank Account: You must have a Savings or Current Account in IDBI Bank
• Age: You must be 18 plus. However, sometimes banks have a minimum requirement of 21 years, while you can avail of credit for a maximum age of 70 years.
• Credit Score: To avail of a credit card, you should have a minimum Credit Score of‭ ‬650.‭ If you have a bad score, your application will likely be rejected. Your chances of getting a credit card increase, If you have a good credit score, anywhere from 750 to 900.
• Monthly Income: To avail of a credit card,‭ ‬a steady flow of income is required.‭ ‬Both salaried and self-employed can avail of a card as long as you provide proof of steady income flow.
• Nationality: Only Indians and Non-Resident Indians are eligible

Now that you know the eligibility criteria you fit perfectly in this eligibility criteria then you might definitely be eligible to get the IDBI Royale Signature Credit Card. If you are eligible you will further need a few documents for the verification process. So let us move on and see all the documents that are required.

Documents Required

Here are the documents required to complete the application process for the IDBI Royale Signature Credit Card –

Identity Proof	Aadhaar Card, PAN Card, Voter ID Card, Passport, Driving Licence
Address Proof	Aadhaar Card, Passport, Driving Licence, Utility Bill (Electricity, Gas, Water…) not more than 3 month’s old, Ration Card, Property Registration Document/Rent agreement or any other government approved address proof
Income Proof	Latest 3 months Salary Slip / Latest 3 months Bank Statement / Income Tax Returns (ITR) / Form 16

Just like every coin has two sides even the IDBI Royale Signature credit card has pros and cons. Now that we have looked at the pros of the IDBI Royale Signature Credit card let us now look at the cons as well.

Pros & Cons

1. The IDBI Royale Signature Credit card is the most beneficial for people who travel a lot. There are a lot of rewards when you cover certain miles and this credit card also offers lounge access. So if you are someone who does not travel much, this card might not be the best card for you.
2. Just like traveling this credit card is extremely beneficial for people who shop often but if you are not a person who shops frequently this card might not work for you as you might not receive a lot of reward points.

So these are the pros and cons that you get with the IDBI Royale Signature Credit card. We have now covered everything you needed to know about the IDBI Royale Signature Credit Card in detail. So do not forget to make the most of your IDBI Royale Signature credit card and grab maximum benefits!

Customer Care

IDBI Bank Royale Signature Card Customer Care Number

Suppose you have a credit card-related inquiry, complaint, or issue. In that case, you can directly give a call on the Bank of IDBI Bank Toll Free Customer Care Number: 1800 425 7600 or Non Toll Free Number: 022 4042 6013 (24×7 service) Or, you can send your query via email: [email protected]

FAQ