Myntra Kotak Credit Card – Benefits, Fees & Eligibility

Introduction

The Myntra Kotak Credit Card, issued by Kotak Mahindra Bank in partnership with Myntra, was specifically designed for fashion enthusiasts and young millennials who frequently shop on Myntra. This co-branded credit card offered exclusive cashback on Myntra purchases and partner brands, a complimentary Myntra Insider membership, and a welcome voucher. It also provided benefits such as complimentary lounge access and milestone rewards. As of July 10th, 2025, the Myntra Kotak Credit Card has been discontinued.

Welcome Benefits

• Myntra voucher worth Rs. 500 on making 1 transaction above Rs. 500 within 30 days of card issuance. The voucher is sent via SMS or email within 30 days and can be used for discounts.

Fees

• Joining Fee: Rs. 500 + GST
• Annual Fee: Rs. 500 + GST
• Spend-Based Waiver: The annual fee can be waived off on spending Rs. 2 Lakhs or more in the card anniversary year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% of the transaction amount
• Interest Rates: 3.7% per month or 44.4% per annum
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 3000, with a maximum benefit of Rs. 3500 per year. Fuel spends are not eligible to earn cashback.
• Cash Advance Charges: 2.5% of the cash withdrawn, with a minimum charge of Rs. 500.
• Add-on Card Fee: Rs. 299
• Card Replacement Fee: Rs. 200

Rewards

• Instant Discount on Myntra Spends: Get an instant 7.5% discount on all spends on the Myntra website or mobile application, capped at Rs. 750 per transaction.
• Cashback on Preferred Partners: Get 5% cashback on spends at preferred partners including Swiggy, Swiggy Instamart, Cleartrip, Urban Company, and PVR. This cashback is capped at Rs. 1000 per month.
• Base Cashback: Unlimited 1.25% cashback on all other online and offline spends.
  • Exclusions for Base Cashback: Cashback is not applicable on wallet reloads, rent, and fuel spends. Transactions converted to EMIs are not eligible for cashback; if cashback was received, it will be reversed upon EMI conversion. Myntra Kotak Credit Card UPI transactions accrue 1.25% cashback only on transactions of Rs. 2000 or more.
• Myntra Insider Program Membership: Complimentary membership to the Myntra Insider program.
  • Cardholder is onboarded as a Select Member within 7 days of credit card issuance.
  • To maintain the tier, the cardholder needs to spend a minimum of Rs. 7000 and place at least 5 orders on Myntra in the year.
  • Benefits include early access to sales and offers, free shipping, exclusive savings, and Supercoins.
• Domestic Lounge Access: 1 complimentary domestic lounge access per quarter, offering comfortable seating, gourmet meals, newspapers and magazines, free WiFi, and widescreen TVs.
• Milestone Benefits: Get 2 complimentary PVR movie tickets, each worth Rs. 250, on spends of Rs. 50,000 or more in a calendar quarter. Wallet reloads, rent, and fuel spends are not considered towards this benefit.

Rewards Redemption Guide

• The cashback earned by the cardholder is automatically credited to the credit card statement.

Card Review

The Myntra Kotak Credit Card was positioned as an ideal choice for young millennials and fashion enthusiasts who frequently shop on Myntra. It offered significant discounts on Myntra spends and cashback on partner brands, along with a decent base cashback rate for other transactions. The card's nominal fees were offset by a spend-based waiver, and it included valuable perks like complimentary lounge access and PVR movie tickets as milestone benefits. The complimentary Myntra Insider membership further enhanced its appeal for Myntra loyalists. However, it's important to note that the card has been discontinued as of July 10th, 2025.

Important Product Details

• Discontinued as of July 10th, 2025.
• 7.5% instant discount on Myntra spends, capped at Rs. 750 per transaction.
• 5% cashback on partner brands (Swiggy, Swiggy Instamart, Cleartrip, Urban Company, PVR), capped at Rs. 1000 per month.
• Unlimited 1.25% cashback on other online and offline spends, with specific exclusions (wallet reloads, rent, fuel, EMIs).
• 1.25% cashback on UPI transactions only for amounts of Rs. 2000 or more.
• Complimentary Myntra Insider program membership.
• 1 complimentary domestic lounge access per quarter.
• 2 complimentary PVR tickets (worth Rs. 250 each) on spends of Rs. 50,000 per quarter.
• Renewal fee waiver on spends of Rs. 2 Lakhs in the anniversary year.
• 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 3000, up to Rs. 3500 annually.
• Joining and Annual Fee: Rs. 500 + GST.
• High interest rate of 3.7% per month (44.4% per annum).
• Foreign currency markup of 3.5%.
• Cash advance fee of 2.5% (minimum Rs. 500).

Other Details

• The card is best suited for shopping and food-related expenses.
• The reward type is cashback.
• The bank may experience website downtime for scheduled server maintenance activity on specific dates (e.g., 28th June 2026 between 01:00 AM - 05:00 AM).
• General disclaimers regarding redirection to third-party websites for payments or other services apply, where Kotak Mahindra Bank does not control or endorse such websites and disclaims liability for their services or information.