The Myntra Kotak Credit Card is designed for fashion lovers and frequent online shoppers. It offers a 7.5% instant discount on Myntra, 5% cashback on top brands like Swiggy, PVR, and Cleartrip, and 1.25% cashback on other spending. Cardholders also get a ₹500 Myntra voucher as a welcome gift, free Myntra Insider membership, and quarterly PVR movie tickets. The card comes with an annual fee of ₹500, which can be waived off on spending ₹2 lakh annually. Additional perks include airport lounge access and a 1% fuel surcharge waiver. If you shop frequently on Myntra or partner brands, this card helps you save more with every purchase.
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Myntra Kotak Credit Card Benefits & Features
The Myntra Kotak Credit Card is a co-partnered offering from Kotak Mahindra Bank and Myntra, known for fashion enthusiasts and frequent shoppers on the Myntra platform. This card provides a wide range of benefits, including instant discounts and cashback on partner brands, and additional perks that enhance the overall shopping experience.
- Instant Discount on Myntra: Card Usersreceives7.5% instant cashback or discount on all purchase which done theough myntra app or website. maximum cashback is capped to 750 per transaction.
- Cashback on Preferred Partners: Get 5% cashback on transactions with selective partners(Swiggy, Swiggy Instamart, PVR, Cleartrip, and Urban Company). The cashback is limited to ₹1,000 per statement cycle.
- Unlimited Cashback on Other Spends: Enjoy 1.25% cashback on all other online and offline transactions, except some categories.
- Welcome Benefits: After completing a transaction of 500 or more within first 30 days of card issuance, receive a Myntra voucher worth ₹500.
- Complimentary Myntra Insider Membership: Gain free access to the Myntra Insider loyalty program, which offers exclusive deals, early access to sales, and other member-only benefits.
- Quarterly Milestone Rewards: Achieve quarterly spending milestones to earn complimentary PVR movie tickets.
- Airport Lounge Access: Benefit from complimentary domestic airport lounge visits, enhancing your travel experience.
Fees and Charges
- Annual Fee: The card charges an annual fee of ₹500. However, this fee is waived if the annual spending exceeds ₹2 lakh.
- Interest Rate: The card carries an interest rate of 44.4% per year on revolving credit.
Kotak Credit Card Offers
| Merchant | Offer Details | Max Discount (₹) | Validity |
|---|---|---|---|
| Hostinger | 7% off on web hosting services | – | 31st Mar 2025 |
| Ixigo | 15% instant discount on flights and hotels | Varies | 31st Mar 2025 |
| Nasher Miles | Flat 15% off on orders above ₹1,999 | – | 31st Mar 2025 |
| Cleartrip | Up to 15% instant discount on flights, hotels, and buses | Varies | 28th Feb 2025 |
| Myntra Luxe | 10% instant discount on a minimum transaction of ₹5,000 | 1,500 | 31st Jan 2025 |
| Eureka Forbes | 10% instant discount on EMI transactions | 1,000 | 31st Jan 2025 |
| V-Guard | 10% off on EMI transactions | 2,000 | 31st Jan 2025 |
| Yatra | 10% off on EMI transactions | 5,000 | 31st Jan 2025 |
| EaseMyTrip | 15% cashback on EMI transactions | 5,000 | 31st Jan 2025 |
| OLA Electric | 5% instant discount on transactions | 5,000 | 31st Jan 2025 |
| Bluestar | 5% cashback on EMI transactions | 2,000 | 31st Jan 2025 |
Myntra Kotak Credit Card Annual Savings
For users spending ₹3,75,000 annually, the total estimated benefits amount to ₹25,150. The key savings come from:
| Benefit | Annual Spends (₹) | Value (Annual) (₹) |
|---|---|---|
| 7.5% Instant Discount on Myntra (₹750 cap per transaction) | 48,000 | 3,600 |
| 5% Cashback on Preferred Partners (₹1,000 cap per month) | 72,000 | 3,600 |
| 1.25% Unlimited Cashback on Other Spends | 2,40,000 | 3,000 |
| 2 PVR Tickets on quarterly spends of ₹50,000 | – | 2,000 |
| Welcome Benefit (₹500 Myntra Voucher) | – | 500 |
| 1% Fuel Surcharge Waiver | 15,000 | 150 |
| Fee Waiver | – | 500 |
| Myntra Insider Program (TBD) | – | 7,000 |
| Domestic Airport Lounge Access | – | 4,800 |
| Total Annual Spends & Value | 3,75,000 | 25,150 |
Eligibility Criteria
To be eligible for the Myntra Kotak Credit Card, applicants should meet the following criteria:
- Age: Applier must be between 21 and 65 years old.
- Income: A stable monthly income is required, with specific thresholds varying based on employment status and existing banking relationships.
- Credit Score: A good credit score enhances the likelihood of approval.(750 and above)
For detailed eligibility requirements, it’s advisable to consult Kotak Mahindra Bank’s official guidelines.
How to Apply for the Myntra Kotak Credit Card
Interested individuals can apply for the card through the following methods:
Online Application:
- Visit the Kotak Mahindra Bank official website.
- Navigate to the ‘Cards & Fastag’ section and select ‘Myntra Kotak Credit Card’.
- Click on ‘Apply Now’ and follow the prompts to complete the application process.
Myntra App:
- Log in to your Myntra account.
- Look for the credit card promotion and proceed with the application as directed.
Kotak Myntra Credit Card Review
Who Should Get This Card?
- Best for Myntra shoppers who want discounts and free Insider membership.
- Good for Swiggy, PVR, and Cleartrip users who can maximize cashback. Useful for frequent travelers who can use the lounge access.
- Decent for general spending, though there are better cashback cards available.
Who Should Avoid This Card?
- Those who don’t shop on Myntra or partner brands.
- Users looking for high rewards on fuel and grocery spending.
- Those who want premium travel benefits like international lounge access.
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