Kotak Mahindra Bank
3.17/5
Co-Branded
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The Myntra Kotak Credit Card, a co-branded offering from Kotak Mahindra Bank and Myntra, caters primarily to fashion enthusiasts and frequent shoppers on Myntra. It provides significant cashback rewards on Myntra purchases and select partner merchants, along with milestone benefits, complimentary lounge access, and waiver of joining and annual fees for a limited period.

Key Benefits

The Myntra Kotak Credit Card offers a range of features that cater to the needs of discerning individuals.

welcome bonus
  • Myntra voucher worth ₹500 on card activation. Additional ₹500 voucher on first transaction of ₹500 or more.
  • Myntra Insider Select Membership on issuance of card within 45 days of card activation
  • 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
fuel surcharge waiver
  • 1% fuel surcharge waiver up to ₹300 per month. On minimum transaction Rs. 500 and on a maximum of Rs.3500
dining benefit
  • 5% Cashback on Swiggy and Swiggy Instamart
zero lost card liability
  • NA
interest free credit period
  • NA
revolving credit
  • NA
travel benefit
  • Complimentary lounge access - 1 free domestic lounge access per quarter.
insurance benefit
  • NA
golf
  • NA

Key Rewards

The Myntra Kotak Credit Card offers a range of rewards.

reward points

  • 7.5% Instant Discount on Myntra, capped at Rs.750 per transaction
  • 5% Cashback on Preferred Partners like Swiggy, Swiggy Instamart, PVR (online transactions), Cleartrip, and Urban Company, capped at Rs.1000 per month
  • 1.25% Unlimited Cashback on offline and online spends
  • 1.25% cashback on UPI on Credit Card on all transactions except on Rent, Wallet, Fuel, EMI transactions, Education, UPI transactions below or equal to Rs.2000/-
  • 2 complimentary PVR tickets worth Rs.250 each on spending over Rs.50,000/- every quarter excluding Rent, Wallet and Fuel categories

reward redemption

  • Cashback is automatically credited to the card statement.

reward validity

  • Cashback is automatically credited to the card statement

other spend includes

  • NA

other spend excludes

  • Rent Payment
  • Fuel Spends
  • EMI transactions
  • Wallet
  • UPI transactions below or equal to Rs.2000/-

Fees and Charges

The Myntra Kotak Credit Card comes with a range of fees and charges that you should be aware of.

joining fee
₹500
annual fee
₹500
joining fee waiver
Myntra’s E-Gift voucher worth Rs.500 on paying the Joining Fee
annual fee waiver
₹ 2,00,000 spends in the previous year
annual interest rate
44.4%
add on card fee
₹299
minimum repayment amount
10%
cash withdrawal fee
2%
cash advance limit
NA
card replacement fee
₹200
foreign transaction fee
3.5%
over limit penalty
₹500
Loundge

The Myntra Kotak Credit Card offers below loundge benefit.

domestic lounge
1 complimentary lounge access per quarter.
international lounge
NA
railway lounge
NA
Eligibility and Documents Required

To apply for the Myntra Kotak Credit Card, you need to meet the following eligibility criteria and you will need following documents.

Eligibility Criteria

Resident: Indian
Age: 21 to 65 years
Occupation: Salaried or Self Employed
Income: For Salaried people income more than ₹ NA, For Self-employed people income more than ₹NA, For students income more than ₹NA

Documents Required

proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
proof of address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
proof of income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months bank statement.

Myntra Kotak Credit Card Rating

Charges
3.5/5
Rewards
3/5
Customer Service
3/5

Our Review For Myntra Kotak Credit Card

The Myntra Kotak Credit Card offers substantial benefits for Myntra shoppers and select partner merchants. However, its high interest rate and limited cashback on certain transactions may not be suitable for all users. Rupay Credit Cards is very much devalued as you don't get any reward points for transaction on and below ₹2000.
Pros
  • Significant cashback on Myntra purchases and select partner merchants.
  • Complimentary lounge access and milestone benefits.
  • Waiver of joining and annual fees for a limited period.
  • Cons
  • High interest rate.
  • Limited cashback on certain transactions.
  • Add-on card fee.
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