What is a credit card balance transfer?

Question

Accepted Answer

Credit card balance transfer is the process of transferring owed balance from one credit card account to another. Upon carrying out this process, the debt is owed to the new card issuer as opposed to the original card issuer.

Fees & other Parameters	Kotak Royale Signature Credit Card
Joining Fees	1499.0
Annual Fees	999.0
Condition for waiver of Annual Fees - First Year	Annual Retail Spends of ₹1Lac
Condition for waiver of Annual Fees - Second Year	Annual Retail Spends of ₹1Lac
Addon card Fees	Nil
Interest Charges on outstanding Balances	W.e.f. 1st June 2025, 3.75% (Annualized 45%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)	W.e.f. 1st June 2025, MAD is calculated as 1% of all purchase transactions & cash advances & 100% of EMI, Finance Charges, Fees/Charges & Tax as applicable, subject to a minimum of ₹100 else up to the TAD amount whichever is lower.
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof	2.5% of Advance Amount, subject to minimum of ₹500
Late Payment Charges ("LPC")	Due as per last statement	LPC Charges
	<₹100	0.0
	₹100 - ₹500	100.0
	>₹500 - ₹5,000	500.0
	>₹5,000 - ₹10,000	600.0
	>₹10,000 - ₹25,000	800.0
	>₹25,000 - ₹50,000	1000.0
	>₹50,000	1200.0
Over Limit Charges	500.0
Cheque Bounce Charges	2% of Bounce Amount, subject to minimum of ₹500
Standing Instruction Failure / Auto-debit return fee	2% of Bounce Amount, subject to minimum of ₹450 W.e.f. 1st June 2025, Maximum fee of ₹5,000
Foreign Currency Mark Up	3.5%
Railway Booking Surcharge (1.8%/2.5% on transaction amount)*	Waived
Fuel Surcharge (1% on transaction)**	Waived
Fee for Cash payment at Bank	100.0
Outstation Cheque Processing Fee	Waived
Reissue/ Replacement Card (per issuance)	100.0
Charge Slip Request	Waived
Machine Surcharge at ATMs	Waived
Balance Enquiry Charges at Non Parent Bank ATM	Waived
Duplicate Statement Request	Waived
Web Pay Service Fee	Waived
W.e.f. 1st June 2025, following charges will be applicable
Wallet Load and Online skill-based gaming platform	1% transaction fee on total spends exceeding ₹10,000 per statement cycle
Fuel	1% transaction fee on total spends exceeding ₹35,000 per statement cycle
Utility	1% transaction fee on total spends exceeding ₹50,000 per statement cycle
Education	1% transaction fee on total made via third-party apps (For example: PhonePe, Cred, Mobikwik, etc) Transactions made directly through educational institution websites or their card-swipe machines will not incur this fee

Royale Signature Credit Card

Fees & Charges

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Frequently Asked Questions

What is a credit card balance transfer?

Royale Signature Credit Card

Fees & Charges

Compare this product with other Kotak Credit Cards

Frequently Asked Questions

What is a credit card balance transfer?

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