Kotak Myntra Credit Card

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(4.4/5)

Entry Level Paid Card

Best For: Cashback,Online Shopping Discount Offers

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Myntra Kotak Credit Card is a cobranded cashback credit card by Myntra and Kotak Mahindra Bank. This highly rewarding credit card gives high instant discount on all shopping orders on Myntra and real unlimited cashback on most of the other spend. On top of it, it gives attractive movie tickets benefits. Interestingly, the card is available in both MasterCard and Rupay payment networks. Due to availability of this card on Rupay Network, it can be used for UPI payments also, although UPI payments using this credit cards are not so rewarding. Overall, the instant discount offers and attractive cashback rates makes this card, not only ideal for shopping on Myntra, but also for other routine spend.

Features and Benefits

Features and benefits available in this credit card

Cashback

Reward Points

Airmiles

Airport Lounge

Utility Bills

Insurance

NPS

Education

Government Payment

Fuel

Rent

Giftcards

Jewellery

Wallet Load

Rewards on EMI

Welcome Bonus

Travel

Dining

Shopping

Interest

Welcome Benefit

Rs.500 Myntra Giftcard on Completing 1 transaction worth Rs. 500 or more (Only applicable on paying Joining Fee)

Cashback & Rewards

7.5% Instant Discount upto Rs.750 per transaction on Myntra (No monthly discount limit on Myntra)
5% Cashback upto Rs.1000 per Monthly Statement Cycle on Preferred Partners (ClearTrip, PVR, Swiggy, Swiggy Instamart, Urban Company
1.25% Unlimited Cashback on Other Spend

Lifestyle Benefits

Enjoy 2 complimentary PVR tickets worth Rs.250 each on spending over Rs.50,000/- every calendar quarter
4 Domestic Lounge Access per year (One per Quarter)

Fuel Surcharge Waiver

1% fuel surcharge waiver is applicable on transactions that range between Rs.500 and Rs.3,000
Avail of a maximum fuel surcharge waiver of Rs.3,500 in each anniversary year
Fuel transactions are not eligible to earn any cashback on the card

Forex Mark-up Fee

3.5% plus GST (4.13% including GST)

Reward Redemption

On Myntra, you get instant discount. So, no wait for cashback or reward point redemption
On all other eligible spend category, you get real cashback in credit card statement. No acton required by customer.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Joining fee
(INR including GST)

₹ 590

Renewal fee
(INR including GST)

₹ 590

Annual Spend Target
for Renewal Fee Waiver (INR)

₹ 200000

Pros

Aspects that make this credit card amazing.

It gives instant discount instead of usual cashback which other cards give. So, no need to wait for cashback,
There is no limit on instant discount on monthly basis. You can get Myntra discount unlimited times. There is a limit of Rs.750 but that’s per transaction basis. So, user can simply divide the Myntra orders in multiple transactions and can get full 7.5% instant discount without touching the upper limit on discount.
1.25% Unlimited Cashback on Other Spend which is higher than most other popular cashback credit cards.
Many times, when Kotak Credit Card gives 10% instant discount during Myntra sales, this card offers 12.5% instant discount.
Reasonable fee
Available on Rupay Network, so can be used for UPI payments as well

Cons

Aspects this credit card lacks.

Zero cashback on UPI transactions below Rs.2000
Many of the times during sale on Myntra, other Kotak Credit Cards gives 10% instant discount but this credit card gives just 7.5% discount.
Add-on credit card is not free. There is a charge of Rs.353 per annum including GST. There is hardly any credit card which charges for an Add-on credit card.

Spend Categories with No Cashback / Rewards

Fuel
Rent
Wallet Recharges
UPI transactions (on Rupay variant only) for Rent, Wallet, Fuel, EMI transactions, Education
All UPI transactions below or equal to Rs.2000/- does not earn any cashback

Add-on Cards

Add-on cards available at an extra cost of Rs.354 including GST per annum for close family members

Eligibility Criteria

Primary Credit Card holders should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 21 years and above
Should be a resident of India
Income: Rs.4 Lacs per annum or more

Important Links

N/A

Upcoming Changes

Due to a ban by RBI, Kotak Mahindra Bank is not issuing any new credit card. So, Kotak Myntra Credit Card cannot be applied as of now.

Rating & Reviews

(4.4/5)

This is the truth, the whole truth, and nothing but the truth; brought to you SpendWisely backed by its expertise and expertise in the area of credit cards

Reward Value

(5)

Lifestyle Benefits

(3)

Ease of Reward Redemption

(5)

Value for Money

(5)

Customer Service

(4)

The Myntra Kotak Credit Card is a highly underrated cashback credit card, offering exceptional benefits not only for shopping on Myntra but also for various other purchases. It provides a 7.5% instant discount on every purchase made on Myntra, making it one of the best cards for shopping on the platform. The discount limit of Rs.750 applies per transaction, allowing you to maximize your savings by splitting your shopping into multiple transactions to get the full 7.5% discount on each.

Additionally, the instant discount feature means you don’t have to wait for cashback—your savings are applied immediately. Moreover, the card offers a 1.25% cashback on all other spending, including offline purchases, making it a solid choice for everyday use as well.

Domestic Airport Lounge Access

Not Available

International Airport Lounge Access

Not Available

Airport Spa Access

Not Available

Airport Meet & Greet Service

Not Available

Railway Lounge

Not Available

Movie Tickets

Not Available

Dining Benefit

Not Available

Golf

Not Available