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Kotak Myntra credit card

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
I have received an offer for 12.5% cashback on all orders.. has anyone else received it too?
Attached screenshot of offer Screenshot_20230602_232906_Myntra.jpg
 

rahulsethi

TF Ace
Contributor
Anyone with an existing Kotak Credit card got this card? I applied for two in my family, both held an existing Kotak CC. Got rejected for them both. Now thinking whether I should apply for it or not as I also hold a Kotak White LTF CC. Also, any way to get Kotak IOCL card LTF?

Second Kotak credit card approved. Applied for this Kotak Myntra FYF card from Myntra app. The same was rejected couple of weeks back. I checked with my Privilege banker the reason, reason was multi card (Kotak provides just one card) Then out of the blue I received a phone call from Kotak yesterday for phone verification and today got the message the card is approved. Btw I hold a Kotak White LTF card already.
 

sxchzy

TF Legend
VIP Lounge
IMG_6231.jpeg
They want us to pay MDR and then get rewards on UPI txns😂
Upi transactions pe mdr kabse lagne laga

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.
Market main Competition itna hai ki jiss din merchants ne mdr lagana Shura kardiya log use chodkar doosre jagah Saman lene lagenge
 

Chaitanya-a

TF Prestige
Upi transactions pe mdr kabse lagne laga
CC on UPI & wallet UPI txns pe bank merchant se 1.1% mdr le rha h for above ₹2000 payments. Bank to bank UPI free h.

Market main Competition itna hai ki jiss din merchants ne mdr lagana Shura kardiya log use chodkar doosre jagah Saman lene lagenge
Ni dekho bank to bank UPI me to hardly koi reward mil rha h isliye agar mdr leke usse thoda zyada reward mile to log charges wala instrument hi prefer karenge.
 

sxchzy

TF Legend
VIP Lounge
CC on UPI & wallet UPI txns pe bank merchant se 1.1% mdr le rha h for above ₹2000 payments. Bank to bank UPI free h.
Cc on upi Kapse aaya sirf ppi wallet se transaction above 2k pe 1.1% jitna Maine circular padha

Ni dekho bank to bank UPI me to hardly koi reward mil rha h isliye agar mdr leke usse thoda zyada reward mile to log charges wala instrument hi prefer karenge.
Matlab jyada paisa bharke ussi ka thoda Hisa vaapis milne rewards ke form me
Yeh Kya logic hai bhai?.
This is a very common practice in tier 1 cities.
The grocers who charge mdr for card payments end up losing to customers online apps or dmart
 

Chaitanya-a

TF Prestige
Cc on upi Kapse aaya sirf ppi wallet se transaction above 2k pe 1.1% jitna Maine circular padha
CC on UPI ka abhi implement ni hua h but uski b planning h tabhi banks ne precautionary measure leke rewards ko above ₹2k rkha h for CC on UPI txns. Latest example Axis ka Kiwi card hai.

Matlab jyada paisa bharke ussi ka thoda Hisa vaapis milne rewards ke form me
Yeh Kya logic hai bhai?.
This is a very common practice in tier 1 cities.
The grocers who charge mdr for card payments end up losing to customers online apps or dmart
MDR customers ko ni bhrna hota hai but India me ye chiz strictly implement ni kia h except biggies like Amazon & Flipkart. Isliye at the end customer ko pay krna pd jata hai and that proves to be bad deal.
 

sxchzy

TF Legend
VIP Lounge
CC on UPI ka abhi implement ni hua h but uski b planning h tabhi banks ne precautionary measure leke rewards ko above ₹2k rkha h for CC on UPI txns. Latest example Axis ka Kiwi card hai.
voh to fintech hai baaki koi ruapy card par yeh abhi tak nahi aaya hai

MDR customers ko ni bhrna hota hai but India me ye chiz strictly implement ni kia h except biggies like Amazon & Flipkart. Isliye at the end customer ko pay krna pd jata hai and that proves to be bad deal.
Tier 1 cities mein mostly bills above 100 pe hi card lete hai but isse log dmart aur metro jaise wholesalers ke pass jaana prefer karte hai
me included.
Now toh tata neu -bbnow is much more rewarding and efficent compared to any other shop or app

CC on UPI ka abhi implement ni hua h but uski b planning h tabhi banks ne precautionary measure leke rewards ko above ₹2k rkha h for CC on UPI txns. Latest example Axis ka Kiwi card hai.
yeh karenge to log rupay use karna hi chod denge.
many of the poeple in my friends circle only use rupay card because unhe upi pe rewards milte hai agar ab upi pe bhi mdr bharna pade to back to visa and mc cards jispe mdr merchant ko hi uthana padta hai
 

Chaitanya-a

TF Prestige
yeh karenge to log rupay use karna hi chod denge.
many of the poeple in my friends circle only use rupay card because unhe upi pe rewards milte hai agar ab upi pe bhi mdr bharna pade to back to visa and mc cards jispe mdr merchant ko hi uthana padta hai
Ye customer acquisition kr rha h Rupay isiliye isey hi preference diye h cc on UPI k liye. Likewise Rupay Platinum Debit card jaise saste card pe lounge access de rhe h. Ek time aayega iske saturation ka bhi. Tab MDR lenge ye log.
 

sxchzy

TF Legend
VIP Lounge
Ye customer acquisition kr rha h Rupay isiliye isey hi preference diye h cc on UPI k liye. Likewise Rupay Platinum Debit card jaise saste card pe lounge access de rhe h. Ek time aayega iske saturation ka bhi. Tab MDR lenge ye log.
par phir customers chale jaayenge
rupay card ke benefit tum agar amex visa mc se compare karoge to dhur dhur tak nahi hai rupay inke aas pass.
 
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