Myntra Kotak Credit Card Review

Myntra Kotak Credit Card Review

Fee

Joining Fee: Rs 500+GST
Annual Fee: Rs 500+GST

Type

Co-Branded, Cashback

Return

1.25% to 7.5%

Rating

3.7/5

Payment Network

Mastercard, Rupay

Benefits

Milestone Rewards, Domestic Airport Lounge Access, Fuel Surcharge Waiver

Kotak and Myntra have come together to launch the first Myntra co-branded credit card. The Myntra Kotak credit card offers excellent rewards on Myntra. We also get milestone benefits and accelerated cashback on preferred partners. So, this is a compelling credit card if you spend a lot on Myntra – one of the largest online fashion retailers in India. The Myntra Kotak credit card comes in Rupay Select and Mastercard variants. So, you can also get the Rupay variant to use it for UPI spending. Here is a detailed review of the card.

Fees & Charges

Joining FeesRs 500+GST
Welcome BenefitRs 500 Myntra GV
Annual FeesRs 500+GST
Annual Fee WaiverRs 2 Lakh spend in a membership year
Myntra Kotak Credit Card Review: Fees and Charges

The fees and waiver are in line with the existing Flipkart Axis Bank credit card which offers 5% cashback on Myntra. But the Myntra Kotak credit cards up the cashback for the same fee. For the welcome benefit, complete 1 transaction worth Rs 500 or more within 30 days of card issuance.

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Rewards

Type of SpendRewardsCap
Myntra7.5% instant discountMaximum discount Rs 750 per transaction
Preferred Partners (Swiggy, Swiggy Instamart, PVR, Cleartrip, Urban Company)1.5% cashbackMaximum cashback of Rs 1000 per statement cycle
Other Spends1.25%None
UPI spends above Rs 2000 (only Rupay variant)1.25%
Rent Payment, Fuel Spends, Wallet and EMI Transactions, UPI spends below Rs 20000%
Myntra Kotak Credit Card Review: Rewards

The 7.5% instant discount is nice and much better than getting cashback after the transaction. It is also more than the 5% that the Flipkart Axis credit cards offer on Myntra.

Quarterly Milestone Benefit

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

Complimentary Airport Lounge Access

  • Airport Lounge Access within India: 1 complimentary visit per calendar quarter with Mastercard/Rupay
  • Airport Lounge Access outside India: Not Available

Other Benefits and Charges

  • Fuel Surcharge Waiver: 1% waiver on transactions between Rs 500 and Rs 3000. Maximum fuel surcharge waiver of Rs 3500 in a membership year.
  • Complimentary membership to Myntra insider program
  • Foreign Currency Transaction Charges: 3.5%+GST
  • Finance Charges: 3.7% per month / 44.4% annually

Pros and Cons

Final Thoughts

With a 7.5% instant discount on Myntra, the Kotak Myntra credit card is a good option. We also get 5% cashback on preferred partners and 1.25% on UPI spending. So, get the Rupay variant if you are applying for this card. This will make the card much more rewarding and it will also be easy to achieve the spending for annual fee waiver.

We also have a few other ways to save on Myntra spending like:

LTF IDFC First Bank Credit Cards

Frequently Asked Questions

Myntra Kotak Credit Card

Card Maven

Fees & Charges
Rewards
Features and Benefits
3.7
Axis Bank My Zone Credit Card LTF
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