Myntra Kotak Credit Card
Co-branded
Movies
Cashback
1st Year Fee: ₹500* Plus Applicable Taxes
Shopping
Instant 7.5% discount at every Myntra spend
Cashback
Up to 5% cashback on all transactions
Movies
Free PVR movie tickets every quarter
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About Myntra Kotak Credit Card
As the name suggests, Myntra Kotak Credit Card is a co-branded credit card suitably designed for frequent shoppers who are Myntra loyalists. However, in addition to spends at Myntra, the card also offers accelerated cashback benefits at other partner brands like Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company with a host of other benefits including complimentary lounge access, free PVR tickets, complimentary Myntra Insider membership, Myntra vouchers and much more. That way, the card clearly justifies the annual fee of Rs. 500.
Co-branded Benefits at Myntra
- Myntra voucher worth Rs. 500 on card activation1
- Instant discount of 7.5% on each transaction at Myntra
- Maximum discount of Rs. 750 per transaction
- No minimum transaction amount required
- Complimentary Myntra Insider membership with the following benefits:
- 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 Myntra, to maintain Insider membership
Other Features & Benefits
- 5% cashback on spends at partner merchants- Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company2
- Unlimited 1.25% cashback on spends at other categories including UPI transactions3,4
- 2 complimentary PVR tickets every quarter5
- 1 complimentary domestic lounge access per quarter
- 1% fuel surcharge waiver on transactions between Rs. 300 and Rs. 3,0006
Also Check: Best Credit Cards In India
Note: UPI linked benefits on the card are available only on the RuPay variant.
Myntra Kotak Credit Card: Fees & Charges
| Fee Type | 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 |
|
Things to Know Before you apply
Get 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
Other Similar Credit Cards:
Cashback SBI Credit Card
HDFC Millennia Credit Card
American Express SmartEarn™ Credit Card
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What do we like about this card?
Beyond its co-branded arrangement with Myntra, the card offers extended benefits to other popular everyday lifestyle brands like Swiggy, Swiggy Instamart, PVR, Urban Company, and Cleartrip. The accelerated 5% benefits on PVR and Cleartrip, when clubbed with free movie tickets each quarter and complimentary lounge access, respectively, are good add-ons for users seeking extended benefits on movies and travel. Additionally, the base cashback rate on the card is better than most cards in the cashback category.
Pros
- Direct discount instead of cashback or rewards
- Extended benefits beyond Myntra to other partner brands
- Unlimited base cashback rate
- UPI linked credit card benefits
- Lounge access is not spend-based
Cons
- Other lifestyle benefits are limited
- Capping on discount and cashback earning
- Benefit on PVR movie tickets is spend-based
- Exclusions from cashback program
Frequently Asked Questions
Everything you need to know about this credit card
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.
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.
You cannot avail of cashback on rent payments, fuel spends, EMI transactions, post-purchase EMI, wallet-loading transactions and cash advances.
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.
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.
Yes, you can use your Kotak Myntra Credit Card for overseas 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.
Footnotes
- Voucher is subject to completing the first transaction worth Rs. 500 or more within 30 days of card issuance.
- Cashback on partner brands is capped at Rs. 1,000 per statement cycle.
- Exclusions from cashback program: Rent, wallet and fuel.
- Exclusions for UPI linked benefits: Rent, Wallet, Fuel, EMI transactions, Education, UPI transactions below or equal to Rs. 2000.
- Complimentary movie tickets are part of milestone benefits, subject to spending Rs. 50,000 every quarter.
- Fuel surcharge waiver is capped at Rs. 3,500 in a year.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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