Myntra Kotak Credit Card
Co-branded
Movies
Cashback
1st Year Fee: ₹500* Plus Applicable Taxes
Shopping
Instant 7.5% discount on all Myntra spends
Cashback
5% cashback on Swiggy, Cleartrip & more
Movies
Free PVR movie tickets every quarter
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About Myntra Kotak Credit Card
Myntra Kotak Credit Card is a co-branded card suitably designed for Myntra loyalists. In addition to providing direct discount on Myntra, the card provides accelerated cashback across other popular brands like Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company.
While several credit cards offer benefits on Myntra, this card has an edge for two key reasons. First, it provides a direct discount at checkout rather than cashback or reward points, keeping the value-back simple for shoppers. Second, the discount rate of 7.5% is notably higher than the typical 5% offered by most cashback or co-branded cards. Although there is a cap of Rs. 750 per transaction, cardholders can maximize value by splitting their purchases across multiple transactions, as there is no limit on how often the discount can be availed.
Co-branded Benefits at Myntra
Welcome Benefit
- Myntra voucher worth Rs. 500 applicable on spending Rs. 500 or more within 30 days of card issuance
Myntra Insider Membership
- Complimentary Myntra Insider membership which entitles users to early access to sales, free shipping on all purchases and exclusive rewards and benefits
Discount on Myntra
- Flat 7.5% discount on all Myntra spends
- Maximum discount of Rs. 750 per transaction
- No minimum transaction amount and no maximum capping on the number of transactions
Other Features & Benefits
- 5% cashback on spends at partner merchants- Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company1
- Unlimited 1.25% cashback on spends at other categories2 including UPI transactions3
- 2 complimentary PVR tickets every quarter4
- 1 complimentary domestic lounge access per quarter
- 1% fuel surcharge waiver on transactions between Rs. 300 and Rs. 3,0005
Also Check: Best Credit Cards In India
Note: UPI linked benefits on the card are available only on the RuPay variant.
Myntra Kotak Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 500 + Taxes | ||||||||||||||||
| Annual/ Renewal Fee | Rs. 500 + Taxes (Waived off on spending Rs. 2 lakh in a year) | ||||||||||||||||
| Finance Charges | 3.7% p.m. | 44.4% p.a. | ||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You frequently shop at Myntra and can make the most of direct discount
You often shop with other partner merchants like Swiggy, PVR, Cleartrip and more
You can easily spend Rs. 50,000 in a quarter to avail free PVR tickets
You wish to get a Rupay credit card in order to earn cashback on UPI transactions
Other Similar Credit Cards:
Cashback SBI Credit Card
HDFC Millennia Credit Card
American Express SmartEarn™ Credit Card
Paisabazaar Review
What do we like about this card?
Despite being a co-branded credit card, Myntra Kotak Card does not limit its benefits solely to Myntra. It extends cashback benefits across other partners like Swiggy, Swiggy Instamart, PVR, Urban Company, and Cleartrip, allowing users to maximize benefits across other categories as well. For example, the 5% cashback on PVR and Cleartrip, when clubbed with free movie tickets each quarter and complimentary lounge access, respectively, can translate to good value for consumers looking for benefits on movies and travel. Additionally, the base cashback rate of 1.25% across all online and offline spends including UPI transactions is a strong offering for consumers looking for consistent value across everyday spending.
Pros
- Direct discount instead of cashback or rewards
- Extended benefits beyond Myntra to other partner brands
- Unlimited base cashback rate
- UPI linked credit card benefits
- Lounge access is not spend-based
Cons
- Other lifestyle benefits are limited
- Capping on discount and cashback earning
- Benefit on PVR movie tickets is spend-based
- Exclusions from cashback program
Conclusion
Myntra Kotak Credit Card is well-suited for frequent Myntra shoppers, given the 7.5% instant discount on Myntra purchases (capped at ₹750 per transaction) with no limit on the number of eligible transactions.. However, those who are not loyal to Myntra or other partner brands and prefer broader cashback across all online spends should consider alternatives like Cashback SBI Card or YES Bank Paisabazaar PaisaSave Credit Card.
Frequently Asked Questions
Everything you need to know about this credit card
Myntra Kotak Credit Card gives you complimentary Myntra Insider membership at the time of joining. Myntra Insider is a loyalty program that is available only to registered users on Myntra. With this membership, you can avail exclusive benefits like free shipping, early access to sales, exclusive offers and much more.
The credit card rewards you with an e-voucher worth Rs. 500 on completing the first transaction worth Rs. 500 or more within 30 days of card issuance. You will receive the e-gift voucher on your registered email id and mobile number within 30 days of the transaction date.
You cannot avail of cashback on rent payments, fuel spends, EMI transactions, post-purchase EMI, wallet-loading transactions and cash advances.
You can avail of the instant discount of 7.5% on your transactions at Myntra. The discount will be automatically applied at the time of checkout. You do not need to apply a coupon to avail the benefits. All you need to do is make the payment through Myntra Kotak Credit Card.
Yes, you can avail of a fuel surcharge waiver of 1% on your transactions between Rs. 300 to Rs. 3,000 across all the petrol pumps. However, you can earn a maximum waiver of Rs. 3,500 in an anniversary year.
Yes, you can use your Kotak Myntra Credit Card for overseas transactions. However, a forex markup fee of 3.5% of the transacted amount will be charged by the bank for overseas transactions. Therefore, it is advisable to opt for a card that comes with a low forex markup fee for foreign currency transactions.
Footnotes
- Cashback on partner brands is capped at Rs. 1,000 per statement cycle.
- Exclusions from cashback program: Rent, wallet and fuel.
- Exclusions for UPI linked benefits: Rent, Wallet, Fuel, EMI transactions, Education, UPI transactions below or equal to Rs. 2000.
- Complimentary movie tickets are part of milestone benefits, subject to spending Rs. 50,000 every quarter.
- Fuel surcharge waiver is capped at Rs. 3,500 in a year.
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Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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