By: OurMoneyGuide || Last updated on: June 5, 2024

The Myntra Kotak Credit Card is a co-branded shopping credit card from Kotak Mahindra Bank, launched in partnership with Myntra, a leading ecommerce portal in India. This online shopping card provides special incentives on Myntra purchases, and at select partners. The card also provides other lifestyle benefits like complimentary access to domestic airport lounges.

Brief Summary

Our Rating

4.0 / 5

Best for those who like shopping on Myntra, on such shopping you get a 7.50% discount. There is a cashback limit at a transaction level, of ₹750 per transaction, but no limit on the number of times you can earn this discount.

The card also offers 5% cashback at select partners, covering a wide range of services – Swiggy Instamart (grocery) || Swiggy (food delivery) || PVR (movies) || Cleartrip (travel) || Urban Company (beauty salon services, cleaning, home repairs).

You also get complimentary airport lounge access in India – once per quarter.

The card is virtually free from the 2nd year onwards, if you spend ₹2 lakhs or more in the previous year. If you use your card on all the promotion categories on offer, it is possible to achieve this card spend requirement for an annual fee waiver, along with good discounts and cashback.

Pros & Cons of Myntra Kotak Credit Card

Pros

  • 7.50% discount on Myntra.
  • The card also offers 5% cashback at 5 select partners, covering a wide range of services.
  • The card is virtually free from the 2nd year onwards, if you spend ₹2 lakhs or more in the previous year. If you use your card on all the promotion categories on offer, you can achieve this spend target, along with good discounts and cashback.
  • Lifestyle benefits such as complimentary domestic airport lounge access

Cons

  • Cardholders are restricted to specific partners to avail discounts and cashback


Features & Benefits of the Myntra Kotak Credit Card

7.50% discount at Myntra – on all orders upto ₹10,000

You get a 7.50% discount on Myntra purchases.

This benefit is valid only on Myntra transactions upto ₹10,000, since the maximum discount available per transaction is ₹750. There is a transaction cap of ₹750 per transaction, but no limit on the number of times you can avail this discount. 

The discount is applied at the time of check-out on Myntra’s app or website. For details, please click here.

5% cashback at select partners – Swiggy Instamart || Swiggy || PVR || Cleartrip || Urban Company (on total purchases upto ₹20,000 per month)

You earn ₹5 as cashback, on every ₹100 you spend at select merchants-
– Swiggy Instamart (grocery)
– Swiggy (food delivery)
– PVR (movies)
– Cleartrip (travel)
– Urban Company (beauty salon services, cleaning, home repairs)

This benefit is valid only on total purchases upto ₹20,000 per month across these categories. Since the maximum cashback given is ₹1000 per monthly card statement cycle.

Some important points to note-
– Cashback earned for purchases during the current billing cycle will be credited to your account within 30 days of the transaction settlement
– Cashback earned will be computed based on spends during the statement period minus any returns or refunds during the same period. In case the purchase/ transaction is returned/ cancelled/ reversed post statement generation date, cashback toward such transactions will be reversed.
– In case of conversion of a transaction to EMI at a later date, cashback earned on such a transaction will be reversed during the same billing cycle as EMI conversion.
For more details, please click here.

1.25% cashback on all other card spends, including UPI spends

You earn ₹1.25 as cashback, on every ₹100 you spend on all other card purchases, and on all UPI spends.

Exceptions : No cashback is given on the following card spends – fuel, rent, education,wallet recharges, EMI transactions. No cashback is also given on UPI transactions upto ₹2000.

The cashback earned for purchases during the current billing cycle will be credited to your account within 30 days of the transaction settlement. For more details, please click here.

Upto 1% additional benefit, at ₹50,001 quarterly card spend (milestone benefit)

You get 2 complimentary PVR tickets valued at ₹250 each, when you spend ₹ 50,001 or more on your card each calendar quarter.

Card spends on rent, wallet, and fuel will not be included as valid spend for this quarterly benefit.

PVR ticket redemption: You need to first claim your movie ticket vouchers (called Star Pass) on Kotak mobile app, and then use Star Pass to buy PVR tickets. For more details, please click here .

Complimentary airport lounge access in India – 1 per quarter

You get free visits to domestic airport lounges, 1 time per quarter. You can enjoy a range of exclusive perks, including gourmet meals, comfortable seating, widescreen TVs, access to newspapers and magazines, and free Wi-Fi during your lounge visit.

For list of lounges and other details, please click here .

Fuel surcharge waiver, upto ₹3500 per year

You get 1% fuel surcharge waiver only on fuel transactions between ₹500 and ₹3000. And only on yearly fuel purchases of upto ₹3.50 lakhs (since the maximum waiver amount is limited to ₹3500 per year).

Kotak customer care number

Please click here to see all options on how to contact the bank. 

Kotak ‘Everyday Specials‘

You get exclusive everyday special offers. These offers can be found on the official Kotak website and includes discounts, cashback, rewards, and other benefits across various categories such as dining, shopping, travel, and more.

Myntra Kotak Credit Card Fees and Charges

Annual fee & annual fee offers


Annual feeAnnual fee offers
1st year joining fee₹500Welcome offer :
– You get a ₹500 Myntra Voucher , when you complete a card transaction of ₹500 or more within 30 days of card issuance
– You get complimentary membership to the Myntra Insider Program, which gives you exclusive privileges like free shipping, access to VIP sales events etc.
Renewal fee from 2nd year onwards₹499Renewal fee offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹2 lakhs or more in the previous year.

Foreign currency mark-up fee

3.50% of the transaction amount – this fee is charged when you use your card outside India.

Finance charges

3.7% per month (44.40% per annum)

Important note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– Please click here to view all/updated fees & charges on this card

Eligibility Criteria

Some basic criteria is given below, there maybe additional requirements based on your profile, this is at the sole discretion of Kotak Mahindra Bank.

Minimum agePrimary cardholder : 21 years
Add-on cardholder : 18 years
Maximum age65 years
Residency Resident of India
Minimum incomeNot specified
Other criteriaRegular source of Income, good credit score preferably above 750, etc.

Application Process

Step-by-step guide

Online application process
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the Kotak Mahindra Bank website. You can also visit official website of the bank and fill out the application form.

Steps –
1. Fill in the required details in the online application form, including personal and employment details, contact information, and income details.
2. Submit the application form along with the necessary documents such as identity proof, address proof, income proof and age proof.
3. Once your application is received, Kotak Mahindra Bank will review your application and verify the information provided.
4. Upon successful verification, you will receive a confirmation, and your Credit Card will be dispatched to your registered mailing address.
Offline (face to face)  application processAlternatively, you can also apply for the credit card by visiting the nearest Kotak Mahindra Bank branch, and submitting your application along with the necessary documents. To find the branch nearest to you, please visit here.
Tracking card application statusYou can track your credit card application status by clicking here – Kotak Credit Card Application Status

Necessary documents

Common documents required to attain a credit card are as follows. Additional documents may be required on a case-to-case basis, this is at the sole discretion of Kotak Mahindra Bank.

Required documents 
For salaried employees :
– Identification proof : Aadhaar card, PAN card, driving license, voter ID card, passport (any one)
– Address proof : Utility bill, ration card, passport, driving license, voter ID card (any one)
– Income proof : Salary slips, Form 16, income tax returns (any one)
– Age proof : 10th standard school certificate, birth certificate, passport, voter ID card (any one)

For self-employed professionals :
– Identification proof : Aadhaar card, PAN card, driving license, voter ID card, passport (any one)
– Address proof : Utility bill, ration card, passport, driving license, voter ID card , last two months’ bank statement (any one)
– Income Proof : Income tax returns with computation of income, certified financial documents, proof of business continuity (any one)
– Age proof : 10th standard school certificate, birth certificate, passport, voter ID card (any one)

Conclusion

The Myntra Kotak Credit Card is a good shopping card for those who like shopping at Myntra, on such shopping you get 7.50% discount. The card also offers 5% cashback at select partners, covering a wide range of services.

The card is virtually free from the 2nd year onwards, if you spend ₹2 lakhs or more in the previous year. If you use your card on all the promotion categories on offer, you can achieve this spend target, along with good discounts and cashback.