I’ve been considering getting the Kotak Royale Signature Credit Card, is the reward system worth it?
Honestly, the rewards are underwhelming. The card offers 2 reward points per ₹150 spent, which translates to a 0.3% reward rate. Even with milestone benefits, the overall returns don’t match up to other cards I’ve used. For instance, upon spending ₹4 lakh annually, you receive an additional 10,000 reward points, totaling approximately ₹3,750 in benefits. This seems inadequate compared to other card like the HDFC Infinia Credit Card offers a higher reward rate and a more extensive array of redemption options, making it more appealing for maximizing benefits. Similarly, the American Express Membership Rewards Credit Card provides a robust rewards ecosystem, with opportunities to earn substantial points and favorable redemption rates. These alternatives present more compelling rewards and benefits, making them worthy considerations for those seeking better value from their credit card spending.