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The Myntra Kotak Credit Card is a co-branded shopping credit card between two leading organisations, Myntra and Kotak Mahindra Bank. This shopping card provides special incentives on Myntra purchases, and also on select partners. The card also provides other lifestyle benefits like complimentary domestic airport lounge access.

Brief Summary

Our Rating
4.0 / 5

Our View

Best for those who like shopping on Myntra, on such shopping you get 7.50% discount. There is a cashback limit at a transaction level, of ₹750 per transaction, but no monthly card spend cap to earn these special Myntra rewards.

The card also offers 5% cashback on 5 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 spend target, along with good discounts and cashback.

on Kotak Mahindra Bank website

Myntra Kotak Credit Card

Special Benefits

7.50% discount on Myntra

Other Benefits

Complimentary domestic airport lounge access

Minimum Income

Not specified

Annual Fee

₹ 500

Annual Fee Offers

Welcome offer worth ₹500

Renewal fee waived at annual card spend of ₹ 2 lakhs

Myntra Kotak Credit Card : Summary Table

7.50% special discount  on Myntra You get 7.50% discount on Myntra purchases , on all Myntra transactions upto ₹10,000. Since the maximum discount available per transaction is ₹750.
5% cashback on select partners You earn ₹5, on every ₹100 you spend on Swiggy Instamart (grocery) || Swiggy (food delivery) || PVR (movies) || Cleartrip (travel) || Urban Company (beauty salon services, cleaning, home repairs) – only on combined total purchases upto ₹20,000 per month.
– Since maximum cashback is capped at ₹1000 per monthly card statement cycle.
– If your spends are more than ₹20000 in a month , your effective cashback will drop below 5%
1.25% cashback on all other card spendsYou earn ₹1.25, on every ₹100 you spend on all other card purchases.

Exceptions – You get no cashback on fuel spends, rent payments, wallet recharges, EMI transactions and cash advances.
Milestone benefitsYou get 2 complimentary PVR tickets valued at ₹250 each , when you spend ₹ 50,001 or more every calendar quarter.
– Card spends on rent, wallet, and fuel will not be included in the ₹50,000 spend evaluation for the quarterly benefit.
Complimentary airport lounge access in India – 1 per quarterFor list of lounges, please click here .
Fuel surcharge waiver You get 1% fuel surcharge waiver
– only on fuel transactions between ₹500 and ₹3000
– only on yearly fuel purchases of upto ₹3.50 lakhs (since the maximum waiver amount is limited to ₹3500 per year).
₹500 annual feeAnnual fee offers –
Welcome 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 offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹2 lakhs or more in the previous year.

Pros & Cons

Benefits of using the credit card

  • 7.50% discount on Myntra.
  • The card also offers 5% cashback on 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

Limitations and drawbacks to consider

  • Cardholders are restricted to specific partners to avail discounts and cashback, hence this card can be used only as a specialist card for these partners.

Comparing with Competitor Fuel Credit Cards

Features
HDFC Indian Oil Credit Card
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Axis Bank Indian Oil Credit Card
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Rewards Rate 0.2% – 4.8%

0.20% – 4%

Other benefits Fuel Surcharge Waiver Fuel Surcharge Waiver
Annual Fee ₹500

₹500

Annual Fee Offers Zero renewal fees – if minimum spending in the previous year is ₹50,000 Zero renewal fees – if minimum spending in the previous year is ₹50,000
Minimum Income Over ₹10,000 monthly for salaried individuals and over ₹6 Lakhs per annum for self-employed individuals.

Not Specified

Full Review of the Myntra Kotak Credit Card

Features & Benefits of Myntra Kotak Credit Card

7.50% special discount  on Myntra

5% cashback on select partners

You earn ₹5, on every ₹100 you spend on Swiggy Instamart (grocery) || Swiggy (food delivery) || PVR (movies) || Cleartrip (travel) || Urban Company (beauty salon services, cleaning, home repairs) – only on combined total purchases upto ₹20,000.
– Since maximum cashback is capped at ₹1000 per monthly card statement cycle.
– If your spends are more than ₹20000 in a month , your effective cashback will drop below 5%
– “Preferred Partners” may change at the bank’s discretion without prior notice.
– The 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 transaction will be reversed during the same billing cycle as EMI conversion. In case the purchase/ transaction is converted to an EMI, then at a later date EMI is cancelled by the customer, cashback will not be applicable on that purchase amount.


For more details, please click here.

1.25% cashback on all other card spends

– You earn ₹1.25, on every ₹100 you spend on all other card purchases.
– Exceptions – You get no cashback on fuel spends, rent payments, wallet recharges, EMI transactions and cash advances.
– 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.

Milestone benefits upto 1% benefit

Complimentary airport lounge access in India – 1 per quarter

Fuel surcharge waiver

Other Cardholder Benefits

Everyday SpecialsYou get exclusive everyday special offers. These offers can be found on the official Kotak website and may include discounts, cashback, rewards, and other benefits across various categories such as dining, shopping, travel, and more.
Rupay offersYou get exclusive offers and benefits for Rupay cardholders. These offers can be found on the Rupay website and include discounts, cashback, and other rewards on various spending categories.
24/7 customer supportKotak Mahindra Bank is always available to assist you, please click here for all the options to contact the bank.
Rupay contactless paymentYou get the convenience and security of contactless payments through the Rupay contactless feature.

– PIN-free transactions : For transactions up to ₹5000, you can simply tap your credit card on the payment reader without entering a PIN.
– Enhanced security : With contactless payments, the credit card never leaves your hand, reducing the risk of loss or counterfeit.
– Multiple security layers : Rupay Contactless payments are supported by multiple layers of security, ensuring protection against fraudulent or unauthorised transactions.
Security featuresChip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards usually includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even your card is lost it is unlikely to be misused since BOTH the physical card and the PIN is required to spend on the card

Two-factor authentication – security for online transactions : When making an online transaction, you usually approve your online transaction through a One-time Password (OTP) which you get on your mobile phone . Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone. This ensures a safe online purchase experience.

SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you usually get free SMS alerts and notifications for all your credit card transactions. Hence you will know about all transactions on your card. In the unlikely scenario of your card being misused, you would still get these alerts and notifications – which will help you to immediately block your credit card.

Important 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
3.75% per month (45% 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 age Primary 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 & Tracking Application Status

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 on Myntra, on such shopping you get 7.50% discount. The card also offers 5% cashback on 5 select partners, covering a wide range of services.

Apply Now

on Kotak Mahindra Bank website

Frequently Asked Questions

What are the benefits of the Myntra Insider Program?

The Myntra Insider Program offers exclusive perks such as free shipping, early access to sales, personalised recommendations, and special discounts on Myntra.

How can I track my cashback and rewards earned with this card? 

You can monitor your cashback and rewards through your Kotak Mahindra Bank credit card account statement, which you can access online or through their mobile app.

How can I apply for an Myntra Kotak Credit Card?

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.

Can I track my Myntra Kotak Credit Card transactions and statements online?

Tracking your Myntra Kotak Credit Card transactions and statements through online means is simple! Both the net banking portal and mobile banking app offered by Kotak Mahindra Bank allow users 24/7 access to manage their credit card accounts conveniently from any device.

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