Kotak Myntra Credit Card Review

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Editor’s note: This is a recurring post, regularly updated with new information and offers. Last Updated 29th June 2023.

Kotak Myntra Credit card has been launched recently which makes it the first cobrand card of one of the biggest fashion e-commerce merchants in India.

Here’s a short review of its benefits!

Charges and Welcome Benefits

Joining Fees₹500 + GST
Welcome Benefits₹500 Myntra Gift Voucher
Annual Fees₹500 + GST
Annual Fee WaiverSpend ₹2L on your card in a year for an annual fee waiver.
Add-on Fees₹299 + GST
Card CategoryCashback

You are eligible for welcome benefits if you complete a transaction of ₹500 or more within 30 days of card issuance. Here the joining fees is well compensated with the welcome voucher. Myntra voucher will be disbursed to the customer via Email/SMS within 30 days of the activation of the card which can be availed to enjoy a discount of Rs. 500 on your Myntra cart.

Reward Rate

Spends AreaCashbackCapping
Myntra7.5%Unlimited cashback is subject to a maximum discount of ₹750 per transaction.
Preferred Partners (Swiggy/Swiggy Instamart, PVR, Cleartrip, Urban Company)1.5%Maximum discount of ₹1,000 per statement cycle.
Other Spends
(Including UPI on Rupay Variant above 2,000)
Kotak Myntra Credit Card comes on RuPay as well as Visa network.
  • *Cashback is not applicable on Rent Payments, Fuel Spends, Wallet Loads, UPI transfer less than 2,000, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.
  • The cashback will always be rounded down to the nearest integer on every transaction.
  • Card Cashback will be auto-credited to your card account within 30 days of transaction settlement.

Milestone Benefits

  • 2 complimentary PVR tickets worth 250 on spending 50000 in a calendar quarter.
  • Rent Payments, Wallet loads, and Fuel spending will not be considered eligible spending for this quarterly milestone benefit.

TechnoFino Maximum

Since Myntra spends have no capping on the discount hence you can spend as much as you can per month if you keep the per transaction value below 10K whereas on preferred partners you need to spend 66K per month to maximize the category cashback.

Other Benefits

Lounge Access

Domestic Airport Lounge Access: 1 Complimentary Visit/Quarter using Visa Lounge Access Program/Rupay Network.

Myntra Insider Membership

  • Become an Insider with the Myntra x Kotak Credit Card. Enjoy exclusive benefits and offers as a part of the Myntra insider community.
  • Select Tier of Myntra Insider Program will be accessible to you within 7 days of card issuance.
  • Customers will need to spend a minimum of Rs. 7000 and place 5 orders each year on the Myntra platform, to maintain the insider tier.
  • Myntra Insider Program comes with a host of benefits like free shipping, early access to sale events, exclusive offers & savings, earning Supercoins and more.

Fuel Surcharge Waiver

1% Fuel Surcharge Waiver across all petrol pumps on transactions of ₹500 – ₹3,000, exclusive of GST with a maximum surcharge waiver of ₹3500 in a membership year.

TechnoFino Recommends

Kotak Myntra card is in direct competition with SBI Cashback, HDFC Millennia, Axis Flipkart and Standard Chartered Digismart since all of them reward you handsomely when you shop on Myntra. If your needs are limited then there is no card which can beat Digismart since it offers a 20% instant discount else I would suggest you go for an SBI Cashback card since with that you won’t have to restrict yourself to just select merchants.

If your spends are huge on Myntra every month then also getting paid add-ons of Digismart makes much more sense.

But if you still want to get this card then better opt for the RuPay variant so that you can get an avenue to spend via UPI from this card and complete your quarterly milestone. When it comes to UPI this is the second best rewarding card currently in the market after HDFC Tata Neu Infinity which gives 1.5% on UPI spending.

Are you also planning to grab this card? Share your thoughts below!

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