Myntra Kotak Credit Card: Exclusive Shopping Deal

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Myntra Kotak Credit Card

The Myntra Kotak credit card emerges from a partnership between Kotak Mahindra Bank and Myntra, one of the leading fashion outlets in India. This co-branded credit card offers exclusive rewards and benefits tailored for fashion enthusiasts and regular shoppers. The card enhances the shopping experience on Myntra while also providing valuable returns on other types of expenditures. This review will delve into the card’s features, including eligibility requirements, benefits, and fee structure, to help you assess whether it aligns with your spending habits and financial goals.

Myntra Kotak Credit Card: Overview

Myntra Kotak Credit Card

Type: Co-branded credit card
Regular Apr: 44.4% p.a. (3.7% p.m.)
Annual Fee: ₹500
Foreign Transaction Fee: 3.5%

The Myntra Kotak credit card is a co-branded financial instrument that combines the trusted banking expertise of Kotak Mahindra Bank with Myntra’s stylish, fashion-forward platform. Specifically designed for those who frequently shop on Myntra, this card also caters to users looking to optimize their reward potential on daily expenditures. Seamlessly integrating rewards with shopping experiences aims to provide a substantial value proposition for fashion enthusiasts and savvy spenders alike.


The following criteria must be met to qualify for the Myntra Kotak credit card:

  • Age Requirement: Primary credit card holders should be between 21 and 65 years old, and add-on card holders must be 21 years of age or older.
  • Residency: Applicants must be residents of India.
  • Financial Stability: A stable source of income and a good credit history are required to demonstrate financial responsibility.

Benefits of Myntra Kotak Credit Card

The Myntra Kotak credit card has various rewards tailored to maximize the shopping experience for fashion enthusiasts and savvy spenders alike. Key benefits include:

Instant Discounts and Cashback

Cardholders receive a 7.5% instant discount on all purchases made through Myntra’s app and website, capped at ₹750 per transaction. Additionally, there is an unlimited 1.25% cashback on all other spends, excluding rent, EMIs, fuel, and recharges. For purchases from preferred partners like Swiggy, PVR, Cleartrip, and Urban Company, the card offers a 5% cashback with a cap of ₹1,000 per month.

Complimentary Access and Vouchers

Users enjoy free access to the Myntra Insider Program and a ₹500 e-voucher upon card activation. The card also provides four complimentary domestic airport lounge accesses annually—one per quarter—and two free PVR movie tickets each quarter when spending exceeds ₹50,000.

Annual Fee Waiver and Fuel Surcharge Waiver

The annual renewal fee of ₹500 can be waived if annual spending exceeds ₹2 lakh. Additionally, cardholders benefit from a 1% fuel surcharge waiver up to ₹300 monthly.

Milestone Rewards of Myntra Kotak Credit Card

The Myntra Kotak credit card encourages continued use through its milestone rewards, which are structured around quarterly spending:

PVR Movie Tickets

Spending over ₹50,000 every quarter entitles the cardholder to two complimentary PVR movie tickets. However, spending on rent, wallet transactions, and fuel are excluded from this calculation.

Quarterly Spend Scenarios

The total spending after excluding non-eligible categories determines the eligibility for quarterly milestone benefits. For instance, if total quarterly spends are ₹75,000 but ₹15,000 is spent on rent, wallet, and fuel, then the effective eligible spends are ₹60,000, qualifying the user for the rewards.

Myntra Kotak Credit Card Fees and Interest

The Myntra Kotak credit card has a structured fee schedule and interest rates designed to be transparent and manageable for cardholders.

Joining Fee₹500
Renewal Fee₹500 (Can be waived off if spending over ₹2 lakh in the previous anniversary year.)
Annual Fee₹500
Late Payment Fee₹0 – ₹10: ₹0
₹100.01 – ₹500:  ₹100
₹500.01 – ₹1,000: ₹500
₹1,000.01 – ₹5,000: ₹750
₹5,000.01 – ₹10,000: ₹750
₹10,000.01 – ₹25,000: ₹1200
₹25,000.01 – ₹50,000: ₹1200
₹50,000+: ₹1300

Pros & Cons

  • Rewards and cashback
  • Lifestyle benefits
  • Fee waivers
  • Fast card issuance
  • High interest rate
  • Limited rewards to Myntra and partners
  • Caps on maximum benefits
  • Exclusions in milestone benefits

Pros Explained

  • The card offers a 7.5% instant discount on Myntra purchases, 1.25% cashback on all other spends, and 5% on spending with preferred partners. These rewards are highly competitive, especially for frequent online shoppers.
  • Free access to domestic airport lounges, PVR movie tickets, and the Myntra Insider Program add significant value beyond basic credit card offerings.
  • The annual fee of ₹500 can be waived with an annual spend of over ₹2 lakh. Additionally, the card offers a 1% fuel surcharge waiver up to ₹300 monthly, which can accumulate considerable savings over time.
  • The card is issued within 60 minutes of application approval, enabling quick access to its benefits.

Cons Explained

  • If balances are carried forward, the interest charges can be steep, making it less ideal for those who may not pay their balance in full each month.
  • While the card offers excellent benefits on Myntra and select partners, rewards on other purchases are relatively standard. This could limit the appeal for users who do not frequently shop with the specified partners.
  • The maximum discounts and cashback have caps, such as ₹750 per transaction on Myntra and ₹1,000 per month on partner spends, which may limit the benefits for high spenders.
  • Certain categories like rent, wallet top-ups, and fuel do not count towards the spending threshold for quarterly milestone benefits, potentially making it harder for some cardholders to meet these thresholds.

Is Myntra Kotak Credit Card Worth Considering?

Credit Card Review

Determining whether the Myntra Kotak credit card is a good fit for you largely depends on your shopping habits and how you manage your finances. This card is particularly appealing to frequent shoppers on Myntra or those who regularly use services from preferred partners like Swiggy, PVR, Cleartrip, and Urban Company. Due to these generous reward rates and additional perks make it an attractive choice. The card offers significant savings through instant discounts and cashback, and further benefits such as free airport lounge access, PVR movie tickets, and an annual fee waiver for substantial yearly spending enhance its value. 

However, it may be less beneficial for those who do not frequently shop at Myntra or its partners or for those who tend to carry a balance from month to month. The card’s high annual percentage rate (APR) of 44.4% means that any carried balances can accrue substantial interest, potentially negating the savings from rewards.

Therefore, the Myntra Kotak credit card is worth considering if you are a regular Myntra shopper who pays off your balances in full each month. This ensures you can enjoy the benefits without incurring high interest costs.


1. What is a Myntra Kotak credit card?

It is a co-branded credit card offered by Kotak Mahindra Bank and Myntra. It provides exclusive benefits like discounts, cashback, and lifestyle perks for frequent shoppers.

2. How to get a Myntra Kotak credit card?

You can apply online via the Kotak Mahindra Bank website, through the mobile app, or at a bank branch. Applying for the credit card, after ensuring you meet the eligibility criteria and have the necessary documents ready.

3. Who is suitable for a Myntra Kotak credit card?

The Myntra Kotak credit card is ideal for individuals who frequently shop on Myntra and its partner sites. It’s important to note that managing to pay off your balances in full each month is a key responsibility to avoid high APR charges.

4. What are the Preferred Partners of Myntra Kotak credit card?

Preferred partners include Swiggy, PVR, Cleartrip, and Urban Company, where cardholders can earn enhanced cashback.

5. How to claim the PVR Coupon of Myntra Kotak credit card?

After spending ₹50,000 in a quarter, retrieve your PVR coupon through the Kotak Mobile App or Net Banking under the Myntra Kotak credit card Milestone tab, and use it on the PVR platform.

Related Articles:

Read more: Credit Card Review

By FinxpdX Team
By FinxpdX Team
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