Kotak Myntra Credit Card – a co-branded offering under the partnership of Kotak Mahindra Bank and Myntra – is being discontinued, effective 10 July 2025. With 7.5% cashback on Myntra, this card offered one of the highest value-back among all leading co-branded credit cards, along with accelerated cashback on other popular brands. While the bank is offering Kotak League Platinum or Kotak Zen Signature as replacement, neither of these two cards offer any substantial savings on Myntra.
As a result of this discontinuation, Kotak Myntra Credit Card users would need to search for other credit card options to continue saving on their Myntra spends. In order to help users find alternatives, we have compiled the list of credit cards that offer significant savings on Myntra.
Best Credit Cards for Savings on Myntra
Given below are the credit cards which offer the highest accelerated value-back on Myntra spends:
HDFC Regalia Gold Credit Card Joining fee: ₹2500 Annual/Renewal Fee: ₹2500 5X reward points on Nykaa, Myntra, Marks & Spencer and Reliance Digital 4 reward points per Rs. 150 across all retail spends Product Details Flipkart Axis Bank Credit Card Joining fee: ₹0 Annual/Renewal Fee: ₹500 7.5% cashback on Myntra 5% cashback on transactions at Flipkart and Cleartrip Product Details HDFC Millennia Credit Card Joining fee: ₹1000 Annual/Renewal Fee: ₹1000 5% cashback on Amazon, BookMyShow, Flipkart, Myntra, Zomato & more 1% cashback on spends at other categories Product Details HDFC Bank Pixel Play Credit Card Joining fee: ₹500 Annual/Renewal Fee: ₹500 5% cashback on Smartbuy and on top lifestyle categories of choice 3% cashback on any 1: Amazon, Flipkart or Payzapp Product Details SBI SimplyCLICK Credit Card Joining fee: ₹499 Annual/Renewal Fee: ₹499 10X reward points on top online brands - BookMyShow, Swiggy, Myntra, etc. 5X reward points on other online spends Product Details
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Here is how each of the above-mentioned credit cards can be beneficial for your savings on Myntra spends and can be a replacement of Myntra Kotak Credit Card. But the card users must keep in mind the overall features and benefits offered by each card, before calculating their savings potential and deciding whether the card would be the right fit.
HDFC Regalia Gold Credit Card
Annual Fee: Rs. 2,500 + taxes (waived on Rs. 4 lakh annual spends)
Myntra Savings: Up to 8.66%
How Can You Save on Your Myntra Spends?
This HDFC Credit Card offers 20 reward points per Rs. 150 spent on Myntra, Nykaa, Marks & Spencer, and Reliance Digital. The earned reward points can be redeemed against multiple options, including airmiles, travel bookings, other products, statement credit and the exclusive “Gold Catalogue” of select premium brands. Among these options, the Gold Catalogue offers the highest value of 1 Reward Point = Rs. 0.65, thus making the value-back on Myntra worth up to 8.66%. So, you can get this card for Myntra spends if you can maximise your savings by opting for the highest valued redemption option.
Flipkart Axis Bank Credit Card
Annual Fee: Rs, 500 + taxes (waived on Rs. 3.5 lakh annual spends)
Myntra Savings: 7.5%
How Can You Save on Your Myntra Spends?
This Axis Bank Credit Card has recently updated its cashback program wherein the cardholders can now earn 7.5% cashback on Myntra, up to Rs. 4,000 per quarter. This revision has made this card a great choice for Myntra loyalists who are looking for a low annual fee card. This card also offers direct cashback and eliminates the hassle of rewards redemption.
Also Read: Flipkart Axis vs. Kotak Myntra Credit Card Comparison
HDFC Bank Millennia Credit Card
Annual Fee: Rs. 1,000 + taxes (waived on Rs. 1 lakh annual spends)
Myntra Savings: Up to 5%
How Can You Save on Your Myntra Spends?
This HDFC Bank Credit Card provides 5% cash points on Myntra, Amazon, Swiggy, Flipkart, Sony LIV, Tata CLiQ, Uber, Zomato, BookMyShow and cult.fit. These 5% cash points are however capped at 1,000 points per month. The earned cash points can be credited as cashback in 1:1 ratio while their value against other redemption options like SmartBuy travel bookings, catalogue and airmiles is much lower at 1 point = Rs. 0.30. So, this card is suitable for you if you are looking for a good cashback rate on Myntra and do not mind the capping limitation.
HDFC Bank Pixel Play Credit Card
Annual Fee: Rs. 500 + taxes (waived on Rs. 1 lakh annual spends)
Myntra Savings: 5%
How Can You Save on Your Myntra Spends?
HDFC Pixel Play comes with the option to choose any two accelerated cashback packs among which the Fashion pack consists of Myntra and Nykaa platforms with 5% cashback as CashPoints on their spends. Other packs include categories like Travel, Dining & Entertainment, Grocery and Electronics. This 5% cashback on the selected packs has a combined capping of 500 points per month which is a bit low. So, if you would opt for the Fashion pack from the available options for 5% cashback and do not mind the low capping, then this card can be a suitable option to save on Myntra spends.
SBI SimplyCLICK Credit Card
Annual Fee: Rs. 499 + taxes (waived on Rs. 1 lakh annual spends)
Myntra Savings: 2.5%
How Can You Save on Your Myntra Spends?
This SBI credit card offers accelerated reward rate of 10 reward points per Rs. 100 spent on Myntra, BookMyShow, Yatra, Apollo24X7, Dominos, IGP, Netmeds and Cleartrip. These rewards are capped at 10,000 reward points per month which is quite high and may not hinder the rewards earning capacity. However, despite offering 10% rewards, the final value-back rate on these spends is just 2.5% when the redemption ratio of 4:1 is considered. So, this card may not offer high returns on Myntra when compared to the above discussed alternatives, but is still a decent option, especially for those who are low spenders or are looking for a low annual fee card.
