Kotak Myntra credit card

[bhavik886151]

Kotak Bank launching new credit card

Kotak Myntra credit card
7.5 % instant discount on Myntra cap 750 per transaction
for Limited time -0 joining fee
500 annual charge

500 welcome gift voucher

2 PVR ticket for 50k spend in a quarter

renewal waver for 2 lakh spend in a year

 

[John Since]

Kotak & Myntra launch Mastercard/RuPay Card Co-branded Credit card:​

Apply: https://www.kotak.com/en/personal-banking/cards/credit-cards/myntra-kotak-credit-card/features.html

Today I was told that kotak's not issuing the Rupay cards except for the pre approved customers at present.

 

[Walter White]

Which platforms are giving 10% in Myntra . I could only find 1.5% in gyftr ??

5% on Amex Gyftr. Plus 2X/3X/5X/10X multiplier based on card variant.

 

[John Since]

Service department executive just told me that they are working on getting on all the existing cards on the Rupay network and should be available within next 1-2 months.

 

[Abhishek012]

They want us to pay MDR and then get rewards on UPI txns😂

MDR is paid by merchants.

 

[Abhishek012]

Today I was told that kotak's not issuing the Rupay cards except for the pre approved customers at present.

Kotak Urbane and IOCL available on RuPay.

Kotak Metro card also available on RuPay.

2 Kotak Veer RuPay cards also available for defence.

Service department executive just told me that they are working on getting on all the existing cards on the Rupay network and should be available within next 1-2 months.

Yes, Kotak bank got lot of RuPay JCB BINs.

 

[John Since]

Yes, Kotak bank got lot of RuPay JCB BINs.

Means those bins will be used for existing cards conversion right?

 

[Chaitanya-a]

MDR is paid by merchants.

Merchant kyu apne Jeb se bharega? He'll pass on to us otherwise block the UPI via credit card option. Except big merchants like Amazon etc.

 

[Abhishek012]

Merchant kyu apne Jeb se bharega? He'll pass on to us otherwise block the UPI via credit card option. Except big merchants like Amazon etc.

That's how business work.

Tumlogo ne kabhi aisa socha hai ki farmers jab sabji ugade hai, uske baad woh apna profit nikalne k baad, humare pas k market tak aane k liye kitne logo tak transport kar k aate hai.

jisse 5 rupees k cost ka sabji ka price, Rs15 ho jate hai.

Tab toh aisa nahi bolte ho na ? farmers, dukandar, hume ullu bana rahe hai. 5 rupees ka sabji hume 15 rupees me bech rahe hai ya transport ka kharche humse wasool kar rahe hai.

tab toh aise nhi sochte ho ya advice dete ho dusre ko ki, isse better hai hum khud he sabji uga lete hai.

You know why, aisa kyun nhi sochte ho ? because humne aise time me janam liye hai. Jaha farmers se le kar humare pas k shops tak sabji aane ka jo kharcha hota hai aur woh humse wasool karte hai. Yeh normal baat ho gayi hai. Humne bachpan se yeh dekha aur padha hai. Isiliye mind me kabhi bhi aise stupid khayal nahi aate hai.

Same thing, online transaction k cost ka bhi hai. Merchant ko apne profit se woh transaction cost nikal k customers ko dena hoga ya phir product ka price badha do.

Future k bacho k liye yeh normal baat hogi. Jaise humare liye farmers se le kar humare nearest shop tak sabji aane tak ka transportation cost humse wasoola jata hai yeh normal baat ho gayi hai. Same MDR bhi customers se wasoola jayega yeh future k bacho k liye normal baat hogi.

Now yeh baat customers k liye tha jo bataya.

Ab merchants k liye bhi mera suggestion hai -

Customers se kabhi bhi extra MDR maat wasool karo, ya toh apna profit kam karo ya phir selling price badha do but customers ko kabhi yeh feel maat karao ki usko extra MDR charge dena par raha hai.

Isse tumhara he business grow karega long term me. Customers usi merchant pas aayega jo digital payment accept karta hai aur jo merchants customers ko ullu bana k usse product k price me he MDR charges include kar k bech dete hai.

future digital payment ka hai, yeh baat saare merchant ko ache se samjh jana chahiye. yeh 1% ya 2% MDR k chakkar me apna business he kho doge long term me. Yaad rakhna meri baat.

Now 3rd thing. Small merchants k liye -

Uppar jo maine kaha woh mid and large merchants k liye tha. Par i understand small merchants ko 1% ya 2% bhi bahot mahenga parta hai kyunki profit he itna kam hai.

Uske liye govt, RBI new new innovation karte rahete hai. Under Rs2000 k transaction isiliye MDR free rakha gaya hai, taki small merchants ko MDR ka samna na karna parega.

Har chiz balance se chalta hai. Govt and RBI usi ko balance karne ki kosish kar raha hai. Taki sab ko faida ho. chahe small merchant ho ya big merchant ya customers ya banks.

Means those bins will be used for existing cards conversion right?

Those bins will be used for new Kotak bank RuPay credit card launch or existing Kotak Visa credit card re-launch on the RuPay network.

 

[Chaitanya-a]

That's how business work.

Tumlogo ne kabhi aisa socha hai ki farmers jab sabji ugade hai, uske baad woh apna profit nikalne k baad, humare pas k market tak aane k liye kitne logo tak transport kar k aate hai.

jisse 5 rupees k cost ka sabji ka price, Rs15 ho jate hai.

Tab toh aisa nahi bolte ho na ? farmers, dukandar, hume ullu bana rahe hai. 5 rupees ka sabji hume 15 rupees me bech rahe hai ya transport ka kharche humse wasool kar rahe hai.

tab toh aise nhi sochte ho ya advice dete ho dusre ko ki, isse better hai hum khud he sabji uga lete hai.

You know why, aisa kyun nhi sochte ho ? because humne aise time me janam liye hai. Jaha farmers se le kar humare pas k shops tak sabji aane ka jo kharcha hota hai aur woh humse wasool karte hai. Yeh normal baat ho gayi hai. Humne bachpan se yeh dekha aur padha hai. Isiliye mind me kabhi bhi aise stupid khayal nahi aate hai.

Same thing, online transaction k cost ka bhi hai. Merchant ko apne profit se woh transaction cost nikal k customers ko dena hoga ya phir product ka price badha do.

Future k bacho k liye yeh normal baat hogi. Jaise humare liye farmers se le kar humare nearest shop tak sabji aane tak ka transportation cost humse wasoola jata hai yeh normal baat ho gayi hai. Same MDR bhi customers se wasoola jayega yeh future k bacho k liye normal baat hogi.

Now yeh baat customers k liye tha jo bataya.

Ab merchants k liye bhi mera suggestion hai -

Customers se kabhi bhi extra MDR maat wasool karo, ya toh apna profit kam karo ya phir selling price badha do but customers ko kabhi yeh feel maat karao ki usko extra MDR charge dena par raha hai.

Isse tumhara he business grow karega long term me. Customers usi merchant pas aayega jo digital payment accept karta hai aur jo merchants customers ko ullu bana k usse product k price me he MDR charges include kar k bech dete hai.

future digital payment ka hai, yeh baat saare merchant ko ache se samjh jana chahiye. yeh 1% ya 2% MDR k chakkar me apna business he kho doge long term me. Yaad rakhna meri baat.

Now 3rd thing. Small merchants k liye -

Uppar jo maine kaha woh mid and large merchants k liye tha. Par i understand small merchants ko 1% ya 2% bhi bahot mahenga parta hai kyunki profit he itna kam hai.

Uske liye govt, RBI new new innovation karte rahete hai. Under Rs2000 k transaction isiliye MDR free rakha gaya hai, taki small merchants ko MDR ka samna na karna parega.

Har chiz balance se chalta hai. Govt and RBI usi ko balance karne ki kosish kar raha hai. Taki sab ko faida ho. chahe small merchant ho ya big merchant ya customers ya banks.

Merchant agar mdr alag se add ni karega to Bank UPI or Baki payment mode walo ko farzi me extra dena hoga

 

[Abhishek012]

Merchant agar mdr alag se add ni karega to Bank UPI or Baki payment mode walo ko farzi me extra dena hoga

Usi k liye toh merchant k liye bhi mera suggestion diya tha.

Ya toh apna profit kam karo ya toh product ka price badha do aur usme MDR include kar k bechna start kar do.

Time lagega but dhire dhire merchants ko akal aa jaygea.

Jaise abhi k merchant ko itni akal hai ki transportation ka cost bhi customers se he wasoolna parta hai, phir agar by chance koi product kharab ho jaye toh uska loss na jhelna pare isiliye hamesa aur jada price me becha karo customers ko taki future me koi dikkat aaye toh usko jhel jayenge.

Same, extra MDR ka kissa bhi ekdin close ho jayega aur merchants ko akal aa jayega aur kabhi bhi customer ko nahi bolega ki extra 2% MDR do.

Logo ko har chiz smajhne me time lagta hai. Humare human mind ka evolution hone me bahot time laga hai. Ek din yeh baat bhi merchant and customer hazam kar lega.

 

[Gautham]

Kotak Credit Card

Kotak Credit Card

cards.kotak.com

Available to apply now.

I already have Mojo Platinum card. I emailed them if it can be replaced with Myntra card. Let's see.

did they reply?

 

[plastikman]

Kotak Urbane and IOCL available on RuPay.

Kotak Metro card also available on RuPay.

2 Kotak Veer RuPay cards also available for defence.

Metro is a scam. Doesn't work anywhere else except in Metro stores. My relative got it but then it was replaced with IOCL by nodal officer. Card works now flawlessly 😃

 

[Walter White]

Which Kotak Cards are worth holding? Need it only for occasional bank offers.

 

[Chaitanya-a]

Which Kotak Cards are worth holding? Need it only for occasional bank offers.

League platinum lelo bhai LTF mil rha h. Saare hi card waste h kotak ke vse b.

 

[Walter White]

League platinum lelo bhai LTF mil rha h. Saare hi card waste h kotak ke vse b.

Kotak/HSBC me se koi ek lene ka soch rha tha. Abhi Kotak hi try karta hun. HSBC 3 mahine baad phir.

 

[VISHESH_BANSAL]

Merchant agar mdr alag se add ni karega to Bank UPI or Baki payment mode walo ko farzi me extra dena hoga

Same thought come in my mind after reading Abhishek012 comment.

Best is Mobikwik Merchant Account.
Ask your nearby shops owner to on-board with Mobikwik Merchant.

Mobikwik time to time run cashback offers even for Merchants.

I helped my neighborhood shops to onboard with Mobikwik and now they are happy they can accept payments via UPI/DC at 0% MDR and CC payments also at 0% MDR upto a certaint limit/No limit* and also avail time to time Merchant cashback offers.

This month Mobikwik introduced Instant settlement option for Merchants and gives 50 Cashback daily for doing settlement instantly at the end of day of Rs.500 or More.

Find a nearby Mobikwik Merchant and take Mobikwik agent number and help other Shops Owner to On-board with Mobikwik as a Merchant.

In this way
HDFC PLATINUM/MILLENIA DC HOLDERS CAN AVAIL 1/2.5% CB respectively for Payment at nearby shops and Merchant will also happily Accept it as MDR is zero.

 

[0xfallup]

Kotak/HSBC me se koi ek lene ka soch rha tha. Abhi Kotak hi try karta hun. HSBC 3 mahine baad phir.

white

 

[Walter White]

white

Mera koi existing relationship nhi hai bank ke saath. Na koi regular use hoga us card ka ki annual fee bharne me bhi sense bane.

Main card ke liye fees tabhi deta hun jab mujhe assurance ho ki card ko acche se milk kar saku. 🤣

 

[0xfallup]

Mera koi existing relationship nhi hai bank ke saath. Na koi regular use hoga us card ka ki annual fee bharne me bhi sense bane.

Main card ke liye fees tabhi deta hun jab mujhe assurance ho ki card ko acche se milk kar saku. 🤣

ek kaam kar pvr platinum apply kar ...then flip and flip via retention team

 

[suhasa010]

did they reply?

Yeah, they said they're not aware of any Myntra card. instead they asked if I wanted Metro card. I said No.