- Features And Benefits Of IDBI Bank Royale Signature Credit Card
- EMI Facility
- Fees And Charges Of IDBI Bank Royale Signature Credit Card
- Who Should Get IDBI Bank Royale Signature Credit Card?
- Eligibility Criteria For IDBI Bank Royale Signature Credit Card
- Documents Required For IDBI Bank Royale Signature Credit Card
- How To Apply For IDBI Bank Royale Signature Credit Card?
- Pros And Cons Of IDBI Bank Royale Signature Credit Card
- Similar Credit Cards
- Customer Care
The IDBI Bank Royale Signature Credit Card offers unmatched benefits that are perfect for your lifestyle in India and abroad. This credit card is for you if you’re looking for the greatest services available in every area of your life.
An entry-level shopping credit card is the Royale Signature credit card from IDBI bank. The annual membership cost for this card is waived. Despite being a pretty basic card, it does come with a few travel perks including free domestic lounge access and a Rs. 25k personal air accident insurance policy. Continue reading to find out more about the IDBI bank’s entry-level service.
Features And Benefits Of IDBI Bank Royale Signature Credit Card
The characteristics and advantages of owning an IDBI Royale Signature Credit Card are as follows:
Welcome E-Kit
- Upon joining, every user receives a “Welcome e-Kit.” This e-kit includes comprehensive information in pdf format about Card usage, the Cardholder Agreement, and all terms and conditions. Therefore, once you sign up, be sure to carefully review all the terms and conditions.
Welcome Offer
- When you use your card within 30 days after receiving it, you can earn 750 reward points.
- Alternatively, you can accrue 400 points by using your card within the first 31 to 90 days.
- A minimum of Rs. 1500 should be spent on each transaction.
Earn While You Spend
- You can get 3 reward points for every Rs. 100 spend. So go ahead and use your IDBI Royale Signature Credit Card to enjoy dining out, travelling, and viewing films.
Airport Lounge Access
- You are being given a unique offer from VISA. You can enter a few airport lounges when travelling on any airline or in any class. Enjoy the opulence as you unwind, freshen yourself, and utilize the lounges’ various amenities.
VISA Offers
- You have access to special discounts provided by VISA if you have a VISA signature card. Airport shopping, car rentals, lodging, and travel concierge services are all included in the packages.
Fuel Surcharge Waiver
- Every time you use your IDBI Royale Signature Credit Card, you can earn a 1% waiver on the fuel surcharge. Any transaction between Rs. 400 and Rs. 5,000 is eligible for the waiver at any fuel station. The highest monthly waiver allowed is Rs. 500.
Travel Accident Insurance
- A free insurance policy worth Rs. 25 lakhs is included with your Royale Signature Credit Card against incidents involving air travel.
Global Acceptance
- More than 9 lakh retailers in India and more than 29 million merchant outlets worldwide accept the IDBI credit card.
EVM- Chip And Pin Enabled
- You have the highest level of security on your credit card. Your card will be protected from duplicate purchases and fraudulent transactions thanks to the microchip set within. By using your PIN (Personal Identification Number), you may make sure that you approve and double-check each transaction you carry out.
Interest- Free Period
- Get purchases with no interest for up to 48 days. You have the option of paying your invoices in full, the minimum amount required, or a higher amount depending on your convenience.
Zero Lost Card Liability
- Contact the IDBI Bank credit card customer service team and report the loss of your card using their customer service hotline. You won’t be held responsible for any fraudulent card purchases after you’ve reported the loss of the card.
Add-On Cards
- Share the happiness and the advantages with your family! Get add-on cards for family members who are older than 18. These cards’ reward points will be combined with the principal card’s reward points.
Reward Points
- For the IDBI Royale Signature Credit Card, the reward points are deducted as ‘Delight Points’.
- When you obtain this card, you can earn an incredible 750 joy points when you use it for the first time during the first 30 days of its issuance. However, you must keep in mind that transactions must be for at least Rs. 1500.
- On your first purchase with this credit card within 31 to 90 days, you can get 400 joy points. The transaction value, which is Rs. 1500 or more, remains the same.
- For every 100 rupees you spend using your IDBI Royale Signature Credit Card, you will receive 3 joy points.
Reward Points Redemption
- You can exchange the reward points you earn in the form of joy points for cashback, goods, airline tickets, cellphone recharges, hotel reservations, gift cards, cinema tickets, and many other things.
- The ability to redeem this cashback in the form of cashback and apply it to your unpaid amount is one of the nicest features.
- For every Rs. 100 you spend, you will get 3 reward points, each of which is worth 0.25 Rs.
- You should be aware that the reward points you receive, with the exception of the month in which they were accumulated, expire after three years.
- Your reward points from the additional cards will be combined with your primary card’s reward points.
EMI Facility
- For purchases of Rs. 3000 and more, the IDBI Royale Signature Credit Card provides an EMI option.
- Therefore, you do not need to worry about making huge purchases because you can easily take advantage of the EMI feature and pay the money back in 3, 6, or even 12 months.
- The annual interest charge will be 13%.
- The fact that there are no procedure or foreclosure fees with this EMI option is its biggest feature.
Fees And Charges Of IDBI Bank Royale Signature Credit Card
| Type of Fees / Charges | Amount / % |
|---|---|
| Joining Fee – (Primary / Add-on Card) | Nil |
| Annual Fee – (Primary Card / Add-on Card) | Nil |
| Renewal Fee – (Primary / Add-on Card) | Nil |
| Interest on Revolving Credit Facility | 2.5% (p.m.) |
| Cash Advance Fee | the greater of 2.5% of the transaction fee or Rs. 500 |
| 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 |
| Over Limit Charges | 2.5% of any amount beyond the limit, subject to a minimum of Rs. 500 |
| Cheque /Auto Debit Return Charges | Rs. 500 |
| Cash Processing Charges | Rs. 200 |
| Duplicate Physical Statement Request | 100 rupees (older than three months) |
| Card Replacement Fee | Rs. 200 |
| Foreign Currency Transactions | 3.5% in cross-currency fees charged by banks |
| Rewards Points Redemption Fee | Nil |
| EMI Charges | Minimum Amount: 3000 rupees Rate of Interest: 13% annually Fees for processing and foreclosure: 0% EMI Options for Tenure: 3, 6, 9, or 12 months |
| Balance transfer Charges | Minimum Amount: 3000 rupees Processing Fee: 1.5% of the BT amount or Rs. 199—whichever is greater—and regular EMI interest rates will be used. |
| Card Account Closure Charge | Nil |
Who Should Get IDBI Bank Royale Signature Credit Card?
For you, the IDBI Royale Signature Credit Card is ideal if:
- With this credit card, you want to make large purchases in order to maximize your reward points.
- You frequently travel and would want to have access to airport lounges.
- You desire to reduce the gasoline surcharge.
Eligibility Criteria For IDBI Bank Royale Signature Credit Card
The following qualifications apply to the IDBI Royale Signature Credit Card:
You must have a current or savings account with IDBI Bank.
Age: At least 18 is required. Although you can obtain credit until the age of 70, banks occasionally have a minimum age requirement of 21 years.
Credit Score: A minimum credit score of 650 is required to apply for a credit card. Your application will probably be turned down if you received a low score. If your credit score is between 750 and 900, you have a better chance of being approved for a credit card.
Monthly Income: A reliable source of income is necessary to apply for a credit card. Both paid and self-employed individuals are eligible for a card as long as they can show evidence of a consistent revenue stream.
Nationality: Indians and Non-Resident Indians are the only qualifying nationalities.
Documents Required For IDBI Bank Royale Signature Credit Card
The following paperwork is needed to submit an application for an IDBI Royale Signature Credit Card:
| Identity Proof | Aadhaar, PAN, voter ID, passport, and driver’s license |
| Address Proof | Aadhaar cards, passports, licenses, utility bills (electricity, gas, water, etc.) that are no older than three months, ration cards, property registration documents, rental agreements, or any other form of address verification that has been accepted by the government |
| Income Proof | Income Tax Returns (ITR)/Form 16/Latest 3 Months Salary Slip/Latest 3 Months Bank Statement |
How To Apply For IDBI Bank Royale Signature Credit Card?
Through the bank’s official website, you can apply for IDBI bank credit cards. A few documents must be submitted in order for your application to be processed. The card will be mailed to you at your address after your application is accepted.
Pros And Cons Of IDBI Bank Royale Signature Credit Card
- For those who travel frequently, the IDBI Royale Signature Credit card is the most advantageous. When you reach a specific number of miles, you can earn a lot of rewards, and this credit card also grants you access to lounges. Therefore, if you don’t travel much, this card might not be the ideal choice for you.
- Similar to travelling, this credit card is quite helpful for people who shop regularly. If you don’t shop frequently, however, this card might not be right for you because you might not get as many reward points.
Similar Credit Cards
| Credit Card | Annual Fee | Reward Points | Net Savings |
| SBI Card Prime | Rs.2,999 | By using standing orders, earn 20 reward points for every Rs 100 spent on utility bill payments. | Rs. 10,337* Rs.16,661** |
| CitiBank PremierMiles | Rs.3000 | Spend Rs. 1000 and receive 10,000 Air Miles within 60 days of issue. | Rs.11,616* Rs.21,732** |
| Standard Chartered Emirates World Credit Card | Rs.3,000 | Earn 4 Skyward miles for every Rs. 150 spent on domestic purchases, and 6 Skyward miles for purchases made abroad. | Rs.8,796* Rs.10,404** |
| American Express Platinum Travel | Rs.5000 | Earn 5000 milestone bonus membership reward points as a welcome gift. | Rs.8,520* Rs.34,640** |
| ICICI Bank Manchester United Signature Credit Card | Rs.2,499 | For every Rs. 100 spent on retail purchases, earn 5 PAYBACK points. | Rs.8,397* Rs.15,621** |
Customer Care
Customer Service Number for IDBI Bank Royale Signature Cards
Let’s say you have a question, a grievance, or a problem with a credit card. You can call the Bank of IDBI Bank’s Toll Free Customer Care Number at 1800 425 7600 or Non-Toll Free at 022 4042 6013 (24/7) in that situation. Alternatively, you can email your question to idbicards@idbi.co.in.
Conclusion
We can remark that the IDBI Royale Signature credit card offers you a respectable reward rate (3 Delight Points per Rs. 100) given that it is the bank’s entry-level product. Additionally, you receive a few travel perks including free domestic lounge access and a Rs. 25k personal air accident insurance policy. It might be a wise choice for someone who has just begun building credit. It can also be viewed as a substitute for young professionals’ secure credit builder credit cards.
FAQs
How do I apply for an add on card?
Visit your nearest IDBI bank branch and submit the add on card application along with required documents. You can avail of these cards for your immediate family members above the age of 18 years. The add on cardholder needs to have a PAN card and provide ID and residential proof, along with a recent passport size photo.
How may add on cards can I avail of?
With the IDBI Royale Signature Credit Card, you can get 2 add on cards.
Can I enhance the limit on my credit card?
You can request from credit limit enhancement by sending a written letter along with the latest income proof. You can avail of this option only after you have completed 6 months of being an IDBI Royale Signature Credit card holder. Your request will be approved or declined at the bank’s discretion.
What can I redeem my reward points for?
You can convert your reward points into cash back. Every reward point will fetch you 25 paisa. The cash back can be adjusted against your outstanding credit card balance, or it will be credited to your credit card. You need at least 1000 points to redeem them.
How much GST will be applicable on my IDBI Royale Signature Credit Card?
GST will be levied at the rate of 18 per cent on fees and interest rates applicable to your card.
Can IDBI Bank Chip cards be used as a normal Swipe card?
How do I pay my IDBI Bank Credit Card Bill?
You can pay your credit card bill offline or online. The offline methods of paying credit card bills include paying a cheque, over-the-counter, using an ATM, or contacting customer support service. Whereas on the other hand, you can pay the credit card bill online by using a mobile wallet, NEFT, IMPS, internet banking, mobile wallet, auto debit facility, or BillDesk.
How do I apply for an IDBI Royale Signature Credit card?
To apply for the IDBI Royale Signature Credit Card you will have to go to the official website of IDBI bank. You can also call on the IDBI bank’s official number or visit the bank in person. You will need to submit a few documents as well. Once you have successfully completed the application process you will receive the credit card via mail to your registered address.
Who can apply for an IDBI Royale Signature Credit Card?
All Indian nationals falling between the age group of 21-60 years (65 years for self-employed) can apply for this credit card. However, depending upon the applicant’s income and other criteria, the approval of an IDBI Royale Signature Credit Card will be based upon the bank’s discretion.
What are EMV Chip Cards?
IDBI Royale Signature credit card is an EMV Chip-enabled card. The chip makes your transactions more secure and saves you from counterfeiting.
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