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Myntra Kotak Credit Card Review, Benefits & Offers

Myntra Kotak credit card is a co-branded card offering from Kotak Mahindra bank and the fashion e-commerce brand Myntra. The card offers an excellent 7.5% discount on Myntra, 1.25% cashback on all spends with few categories excluded, 5% cashback on preferred partners such as Swiggy and PVR, and 1.25% cashback on UPI spends above Rs 2,000 with RuPay variant.

You have the option to choose the card network between RuPay and Mastercard. The RuPay variant is recommended as it gives you the chance to earn 1.25% cashback on big UPI spends and help meet the milestone benefits criteria.

But is value for the money and worth considering amongst other cards in the market? Find out in this review.

Myntra Kotak credit card review

Kotak Mahindra Myntra Credit Card Overview

Card CategoryShopping, Cashback
Joining FeeRs 500 + GST (compensated with Rs 1,000 worth Myntra vouchers)
Annual FeeRs 500 + GST (waived on annual spending of Rs 2 lakh or more)
Welcome Offer– Rs 500 Myntra voucher upon card activation within 30 days of issuance
– Rs 500 voucher (as Myntra credit balance) upon completing 1st transaction on Myntra
Best Features-7.5% discount on Myntra up to Rs 750 per transaction
-1.25% bare cashback on all spends except excluded categories
– 1.25% cashback on UPI transactions above Rs 2,000 with RuPay variant.

Fees and Charges

Joining Fee

Rs 500 + GST.

Annual Fee

Rs 500 + GST (waived on annual spend of above Rs 2 lakh)

Finance Charges

3.7% p.m. (44.4% p.a.)

Foreign Transaction Fee

3.5% of the transaction value.

Cash Advance Fee

Max of ₹500 and 2.5%.

Reward Redemption Fee


Over Limit Penalty

Max of ₹500 and 2.5%.

Rent Transaction Fee

1% of the Transaction Amount + GST.

Add-on Card fee

INR 299.

Note: GST as applicable on fees and charges. See full details here at Kotak Mahindra Bank’s website.

Myntra Kotak Credit Card Benefits & Features

The card doesn’t just gives you benefits on Myntra, but a lot more. Explore below.

Welcome Benefits compensate for Joining Fee

The card comes with Rs 1,000 worth welcome benefits but for use on Myntra itself. The joining fee is essentially compensated from these vouchers.

  • You get a Rs 500 Myntra voucher upon card activation within 30 days of card issuance.
  • Additionally, you get Rs 500 worth voucher as Myntra credit balance when you complete 1st transaction on Myntra.
  • Both vouchers will be sent via email within 30-45 days.

Annual Fee Waiver

The card’s annual fee of Rs 500 can be waived if your annual spend is Rs 2 lakh or more.

Myntra Benefits : 7.5% instant discount + extra 7.5% (Limited time offer)

  • Instant 7.5% discount: The cardholders get a instant 7.5% discount on Myntra, capped at Rs 750 per transaction. The 7.5% discount is better than other cards such as Axis Flipkart, HDFC Millenia and SBI cashback cards that get you 5% off on Myntra. Only Standard Chartered Digismart gives you better discount on Myntra.
  • Unlimited Discounts: The discount capping is Rs 750 per transaction but there is no capping on the number of transactions you can do on Myntra. No capping on the spend either. For example, you can make 10 separate transactions of Rs 10,000 each and get Rs 750 discount each time.
  • Limited Time Offer: You also get extra 7.5% discount during Myntra’s End of Reason Sale (EORS). That sums up to a really good 15% discount if you can make use of it during the End of Reason sale.
  • Access to Myntra Insider Program: The card gives you complimentary access to the Myntra Insider program which is a customer loyalty program that offers a variety of benefits such as early access to the sales, exclusive rewards & benefits, and free shipping etc.

1.25% Base Cashback on all purchases

  • The card earns you 1.25% cashback on all transactions outside Myntra. Except that on UPI with RuPay variant, you get 1.25% cashback only on transactions above Rs 2,000.
  • The cashback is not applicable on rent, fuel, wallet, EMI transactions and cash advances.
  • The cashback is auto-credited to your account within 30 days of transaction.

5% Cashback on Selected Partners

  • The Kotak Myntra credit card also gets you 5% cashback (not discount) on Swiggy, Instamart, PVR, Cleartrip and Urban company up to a total of Rs 1,000 per statement cycle across all partners.
  • The cashback will be credited to the card statement.

Complimentary Lounge Access

You get 1 complimentary lounge visit at domestic airports per quarter through MasterCard/RuPay. No international lounge visits.

Free Movie Tickets

You get 2 PVR tickets worth Rs 250/- each on spending over Rs 50,000 every quarter. Spends across rent, wallet, fuel & EMI transactions are not considered for quarterly benefits. The spend required is a bit high but achievable to avail this offer. But at least the Rs 250 per ticket offer is reasonable given the ticket prices these days.

Fuel Surcharge Waiver

The card gives you 1% surcharge waiver on fuel transactions between Rs 500 to Rs 3,000, up to Rs 300 per month across fuel stations in India. The GST on surcharge will still be applicable.

Rewards Roundup

Spend CategoryRewardLimitation
Myntra7.5% discount Up to Rs 750 per transaction
Preferred Partners (Swiggy, Instamart, PVR, Cleartrip and Urban company)5% cashback Up to Rs 1,000 per statement cycle
UPI (transactions above Rs 2,000 with RuPay variant)1.25% cashback
Other spends1.25% cashbackNo limit
Rent, wallet, Fuel, EMI transactions, Cash advancesNil

Kotak Myntra Credit Card Review: Our Take

The card offers 7.5% discount on Myntra, 5% cashback on preferred partners, 1.25% cashback on all spends except excluded categories, and 1.25% cashback on UPI spends above Rs 2,000 with RuPay variant, all on a joining fee of Rs 500 which is also compensated with Myntra welcome vouchers.

So, if these benefits suit your needs, then get the Kotak Myntra credit card RuPay variant as it’ll also earn you 1.25% on UPI spends (on transactions over Rs 2,000) that will make it considerably easy to meet the annual fee waiver spend.

There are other cards cards that earn you nice cashback on Myntra spends; namely SBI Cashback, HDFC Millenia and Flipkart Axis. Some of those cards offer better overall value than Kotak Myntra card but if your primary focus is spending on Myntra only and the additional perks are fine to you, then you can consider this card. If you want a allrounder card, then look at other options.

How to apply for Kotak Myntra credit card?

The best method is to apply online as the application process is faster and smoother. The Bank usually approves Kotak Myntra card within hours if you are eligible. Visit the Kotak Mahindra Bank’s official here and select which variant you want to apply for and then fill the application.


  • Primary Credit Card holders should be in the age bracket of 18 years to 65 years. Add-on Card holder should be 18 years and above
  • Should be a resident of India
  • The Bank also takes other factors such as applicant’s credit score and income in the card approval process.

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