Devaluation Kotak Mahindra credit card devaluation - June 2025

[Anupama_Jha]

Check ur email

 

[CardTox]

yes, Utility/Wallet/Fuel/Rent/Government/Insurance categories are excluded for cashback except education upto 70K.

Will utility payment by Myntra CC attract any surcharge after devaluation?

 

[sri222]

Will utility payment by Myntra CC attract any surcharge after devaluation?

As of now, didn't receive any email/sms regarding Kotak myntra CC devaluation.

https://www.kotak.com/content/dam/Kotak/files/english-rcas.pdf

Found the below info from Kotak Most important T&C's

W.e.f. 1st June, 2025, No cashback on Utility spends and

Fee on Utility Spends : 1% on cumulative utility spends exceeding threshold per statement cycle^^^^
Not applicable on White Reserve, Kotak Solitaire, Kotak Infinite, Kotak Signature and Myntra Kotak Credit Card

 

[Deepak_9155]

HOW TO GET THIS UPGRADE FOR LTF ?
CURRENTLY HAVE MYNTRA RUPAY (PAID)

 

[sandesh]

HOW TO GET THIS UPGRADE FOR LTF ?
CURRENTLY HAVE MYNTRA RUPAY (PAID)

Got the same offer on my mom's account

 

[VISION]

HOW TO GET THIS UPGRADE FOR LTF ?
CURRENTLY HAVE MYNTRA RUPAY (PAID)

don't know weather it is working now,it was possible to get ltf before ban by reaching to retention team. you can try it

 

[Loki_Fino]

I don't have a Kotak card, so I am not losing anything. I am happy to stay out of them. Hopefully, won't apply even if they offer LTF white.
Another name I have added to my list to stay off them for now: Yes Bank

Note(s):
1. I made these two decisions based on the email responses given by the PNO Desks of these two banks. Jinka PNO desk executives itna stupid ho unse business nehi karna humko. Koi na aj ek doh glass juice kam peunga toh koy marr nehi jaunga, kam se kam mera gala toh banch jayega.
2. I won't discuss this issue further. It's a waste of my time and energy.

I was rejected kotak LTF league due the thier poor application system and wrong data match during application due to technical glitches in online application form. I was never rejected any till date. All is well after seeing this damm devalution.