Kotak Mahindra Bank

Myntra Kotak Credit Card

Co-branded

Movies

Cashback

3.5/5.0

Paisabazaar Review

1^st Year Fee: ₹500* Plus Applicable Taxes

Shopping

Instant 7.5% discount at every Myntra spend

Cashback

Up to 5% cashback on all transactions

Movies

Free PVR movie tickets every quarter

Updated on January 27, 2025 4:05 pm

Author: Megha Khanna

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About The Card Benefits on Myntra Other Features & Benefits Fees & Charges Things to Know Card Review FAQs

About Myntra Kotak Credit Card

As the name suggests, Myntra Kotak Credit Card is a co-branded credit card suitably designed for frequent shoppers who are Myntra loyalists. However, in addition to spends at Myntra, the card also offers accelerated cashback benefits at other partner brands like Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company with a host of other benefits including complimentary lounge access, free PVR tickets, complimentary Myntra Insider membership, Myntra vouchers and much more. That way, the card clearly justifies the annual fee of Rs. 500.

Though many other credit cards offer benefits on Myntra, this card has an edge due to two factors-

Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit Kotak Mahindra Bank’s website. Details mentioned in the video have been sourced from the issuer’s website as of May 2024. For updated information, refer to this page.

Co-branded Benefits at Myntra

Myntra voucher worth Rs. 500 on card activation¹
Instant discount of 7.5% on each transaction at Myntra
Maximum discount of Rs. 750 per transaction
No minimum transaction amount required
Complimentary Myntra Insider membership with the following benefits:
- You will be on-boarded as Myntra Insider Select members on the issuance of card
- You will be on-boarded with the Myntra Insider Program within 7 days of issuance of the card
- You need to spend a minimum of Rs. 7,000 and place 5 orders each year on Myntra, to maintain Insider membership

Other Features & Benefits

5% cashback on spends at partner merchants- Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company²
Unlimited 1.25% cashback on spends at other categories including UPI transactions^3,4
2 complimentary PVR tickets every quarter⁵
1 complimentary domestic lounge access per quarter
1% fuel surcharge waiver on transactions between Rs. 300 and Rs. 3,000⁶

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

Annual/ Renewal Fee

Rs. 500 (Waived off on spending Rs. 2 lakh in a year)

Finance Charges

3.7% p.m. | 44.4% p.a.

Late Payment Charges

For Statement Balance:
Up to Rs. 100	Nil
Between Rs. 100.01 to Rs. 500	Rs. 100
Between Rs. 500.01 to Rs. 5,000	Rs. 500
Between Rs. 5,000.01 to Rs. Rs. 10,000	Rs. 600
Between Rs. 10,000.01 to Rs. 25,000	Rs. 800
Between Rs. 25,000.01 to Rs. 50,000	Rs. 1,000
Above Rs. 50,000	Rs. 1,200

Things to Know Before you apply

Get this card if:

You frequently shop online through Myntra

You are a frequent user of Swiggy and Swiggy Instamart

You are more inclined towards direct discount instead of rewards

You don’t want to pay a high annual fee

You can easily spend Rs. 50,000 in a quarter to avail of free PVR tickets

Other Similar Credit Cards:

Cashback SBI Credit Card

HDFC Millennia Credit Card

American Express SmartEarn™ Credit Card

Paisabazaar Review

Overall Rating

3.5_/5

Movies3.0_/5

Cashback3.5_/5

Co-branded Benefits3.5_/5

What do we like about this card?

Beyond its co-branded arrangement with Myntra, the card offers extended benefits to other popular everyday lifestyle brands like Swiggy, Swiggy Instamart, PVR, Urban Company, and Cleartrip. The accelerated 5% benefits on PVR and Cleartrip, when clubbed with free movie tickets each quarter and complimentary lounge access, respectively, are good add-ons for users seeking extended benefits on movies and travel. Additionally, the base cashback rate on the card is better than most cards in the cashback category.

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

Frequently Asked Questions

Everything you need to know about this credit card

What is Myntra Insider Program?

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.

How will I receive the Myntra e-gift voucher via my Myntra Kotak Credit Card?

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.

Can I avail of cashback on all transactions through my Myntra Kotak Credit Card?

You cannot avail of cashback on rent payments, fuel spends, EMI transactions, post-purchase EMI, wallet-loading transactions and cash advances.

How will I avail of the instant discount on my transactions via Myntra Kotak Credit Card?

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.

Does Myntra Kotak Credit Card offer a fuel surcharge waiver?

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.

Can I use my Myntra Kotak Credit Card for overseas transactions?

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.

Need More Help?

Footnotes

Voucher is subject to completing the first transaction worth Rs. 500 or more within 30 days of card issuance.
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.

Click here to know More Terms and Conditions

Megha Khanna

Content Writer

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.