Myntra Kotak Credit Card: Good Return for Myntra Loyalists

Myntra Kotak Credit Card is a co-branded credit card that majorly offers benefits on your transactions at Myntra. However, you can also avail of other benefits like cashback on partner merchants, free PVR tickets, complimentary lounge access and much more. Here are some of the major Kotak Myntra Credit Card features and benefits:

Benefits on Myntra

You can save up to 7.5% on your purchases at Myntra as per the below details:

• Instant discount of 7.5% on each transaction at Myntra
• Maximum discount of Rs. 750 per transaction
• No minimum transaction amount required

Suggested read: Best Credit Cards for Online Shopping

Cashback Benefits

Besides Myntra, you can also avail of cashback on your transactions at preferred merchants and other categories. Below mentioned are the details regarding the same:

Preferred Partners: 5% cashback on spends at partner merchants, including Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company. You can avail a maximum cashback of Rs. 1,000 per statement cycle.

Base Cashback: Unlimited 1.25% cashback on spends at other categories except for your spends across rent, wallet and fuel categories.

Suggested read: Best Cashback Credit Cards in India

If you frequently shop through Myntra, you can also consider applying for Flipkart Axis Bank Credit Card. This card offers a direct cashback of 5% on your transactions at Flipkart and Myntra as well. Let’s understand how much you can save with both cards:

Suppose you have made the below transactions:

Illustration I:

Myntra: Rs. 15,000 | Swiggy: Rs. 3,000 | Cleartrip: Rs. 5,000 |Offline Purchase: Rs. 10,000

Savings through Myntra Kotak Credit Card:

Rs. 750 (Max. Rs. 750 discount) + Rs. 150 (5% of Rs. 3,000) + Rs. 250 (5% of Rs. 5,000) + Rs. 125 (1.25% of Rs. 10,000) = Rs. 1,275

Savings through Flipkart Axis Bank Credit Card:

Rs. 750 (5% of Rs. 15,000) + Rs. 120 (4% of Rs. 3,000) + Rs. 200 (4% of Rs. 5,000) + Rs. 150 (1.5% of Rs. 10,000) = Rs. 1,220

Illustration II:

Myntra: Rs. 5,000 | Swiggy: Rs. 3,000 | Cleartrip: Rs. 5,000 |Offline Purchase: Rs. 10,000

Savings through Myntra Kotak Credit Card:

Rs. 375 (7.5% of Rs. 5,000) + Rs. 150 (5% of Rs. 3,000) + Rs. 250 (5% of Rs. 5,000) + Rs. 125 (1.25% of Rs. 10,000) = Rs. 900

Savings through Flipkart Axis Bank Credit Card:

Rs. 250 (5% of Rs. 15,000) + Rs. 120 (4% of Rs. 3,000) + Rs. 200 (4% of Rs. 5,000) + Rs. 150 (1.5% of Rs. 10,000) = Rs. 720

From the above two illustrations, it is clear that your choice between these two cards depends on the transacted amount. If you are sure that your transactions will be below Rs. 10,000, then choosing Kotak Myntra would be the right option. This is because, in such scenarios, you can avail a discount of 7.5% on every transaction, whereas Flipkart Axis will only reward you with 5% cashback.

On the other hand, if you are sure that your transactions will go beyond Rs. 10,000 every time you shop at Myntra, then opting for Flipkart Axis would be the right choice as you can get 5% cashback without any restrictions, whereas with Myntra Kotak, your discount will be restricted to Rs. 750.

Apart from your transactions at Myntra, Kotak Myntra Credit Card is a better choice because it offers higher discount on your transactions at partner merchants like Swiggy & Cleartrip, as compared to Flipkart Axis Credit Card.

Myntra Insider Membership

Kotak Myntra Credit Card comes with complimentary Insider membership that comes with a host of benefits like free shipping, early access to sale events, exclusive offers & savings, earning Supercoins and much more. Here are the details:

• You will be on-boarded as Myntra Insider Select members on the issuance of card
• You will be on-boarded with the Myntra Insider Program within 7 days of issuance of the card
• You need to spend a minimum of Rs. 7,000 and place 5 orders each year on the Myntra, to maintain Insider membership

Best Credit Cards in India | Check Eligibility for Top Cards

Other Benefits

Myntra Kotak Credit Card also rewards you with the below-mentioned benefits:

Activation Benefit: Myntra voucher worth Rs. 500 on completing the first transaction worth Rs. 500 or more within 30 days of card issuance.

Movie Tickets: 2 complimentary PVR tickets every quarter on spending Rs. 50,000 every quarter.

Lounge Access: 1 complimentary domestic lounge access per quarter.

Fuel Surcharge Waiver: 1% fuel surcharge waiver (Max. Rs. 3,500 in a year) on your transactions between Rs. 300 to Rs. 3,000.

The fees and charges applicable to Myntra Kotak Credit Card are mentioned in the table below:

Type of Fee or Charge	Amount
Joining Fee	Rs. 500
Annual/ Renewal Fee	Rs. 500 (Waived off on spending Rs. 2 lakh in a year)
Finance Charges	3.7% p.m. (44.4% p.a.)
Late Payment Charges	For Statement Balance: Up to Rs. 100: Nil Between Rs. 100.01 to Rs. 500: Rs. 100 Between Rs. 500.01 to Rs. 5,000: Rs. 500 Between Rs. 5,000.01 to Rs. Rs. 10,000: Rs. 600 Between Rs. 10,000.01 to Rs. 25,000: Rs. 800 Between Rs. 25,000.01 to Rs. 50,000: Rs. 1,000 Above Rs. 50,000: Rs. 1,200

Click here to view the fees and charges in detail.

The applicant must fulfill the below-mentioned eligibility criteria to apply for Kotak Myntra Credit Card:

• You must be an Indian resident
• Your age must be between 18 to 65 years

Myntra Kotak Credit Card is a suitable option if you frequently shop at Myntra and are looking for an option to save on your expenses. This card offers an instant discount of 7.5% which is even higher than the cards like Flipkart Axis Credit Card which offers 5% cashback on your transactions at Myntra. Besides shopping, this credit card also offers domestic lounge access, which might be a great deal if you love to travel domestically. At an annual fee of Rs. 500, the card rewards you with decent cashback and other benefits.

You can consider getting this card if:

• You frequently shop online through Myntra
• You are a frequent user of Swiggy and Swiggy Instamart
• You are more inclined towards direct discount instead of rewards
• You don’t want to pay a high annual fee
• You can easily spend Rs. 50,000 in a quarter to avail of free PVR tickets

You can consider applying for another card if:

• You are more inclined towards rewards instead of cashback/ direct discount
• You are not a frequent user of Myntra and Swiggy
• You want to earn decent travel benefits
• You are ready to pay a higher annual fee

If you love to shop online from brands like Myntra, Amazon, Flipkart & more, you can also look for the top credit cards mentioned in the table below:

Credit Card	Annual Fee	Key Features
Flipkart Axis Credit Card	Rs. 500	5% cashback on Flipkart and Myntra
Cashback SBI Card	Rs. 999	5% cashback on all online spends
Axis Bank Neo Credit Card	Rs. 250	10% off on Myntra, BookMyShow & Grofers
Amazon Pay ICICI Credit Card	Nil	5% cashback on Amazon spends for Prime members
HSBC Cashback Credit Card	Rs. 750	1.5% cashback on all online spends

Q. How can I apply for Myntra Kotak Credit Card?

A. You can apply for this credit card through online and offline modes. To apply online, you can visit the official website of the bank or you can also apply through the Myntra app. Besides this, you can also apply offline by visiting any of the nearest branches of the bank and submitting a duly filled application form.

Q. Can I use my Myntra Kotak Credit Card for overseas transactions?

A. Yes, you can use your Kotak Myntra Credit Card for foreign currency transactions. However, a forex markup fee of 3.5% of the transacted amount will be charged by the bank for overseas transactions. Therefore, it is advisable to opt for a card that comes with a low forex markup fee for foreign currency transactions.

Q. How will I receive the Myntra e-gift voucher via my Myntra Kotak Credit Card?

A. The credit card rewards you with an e-voucher worth Rs. 500 on completing the first transaction worth Rs. 500 or more within 30 days of card issuance. You will receive the e-gift voucher on your registered email id and mobile number within 30 days of the transaction date.

Q. Can I avail of cashback on all transactions through my Myntra Kotak Credit Card?

A. No, you cannot avail of cashback on rent payments, fuel spends, EMI transactions, post-purchase EMI, wallet-loading transactions and cash advances. You can earn 5% cashback only on your transactions at preferred merchants, including Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company.

Q. How will I avail of the instant discount on my transactions via Myntra Kotak Credit Card?

A. You can avail of the instant discount of 7.5% on your transactions at Myntra. The discount will be automatically applied at the time of checkout. You do not need to apply a coupon to avail the benefits. All you need to do is make the payment through Myntra Kotak Credit Card.

Q. Does Myntra Kotak Credit Card offer a fuel surcharge waiver?

A. Yes, you can avail of a fuel surcharge waiver of 1% on your transactions between Rs. 300 to Rs. 3,000 across all the petrol pumps. However, you can earn a maximum waiver of Rs. 3,500 in an anniversary year.

Q. What is Myntra Insider Program?

A. Myntra Kotak Credit Card gives you complimentary Myntra Insider membership at the time of joining. Myntra Insider is a loyalty program that is available only to registered users on Myntra. With this membership, you can avail exclusive benefits like free shipping, early access to sales, exclusive offers and much more.