Credit Card

Myntra Kotak Credit Card

Myntra is one of the top e-commerce fashion companies in India, offering a range of excellent global and Indian clothing brands. Recently, Kotak Mahindra Bank and Myntra have partnered to launch their co-branded credit card. The Myntra Kotak Credit Card is specifically designed for the younger generation who are enthusiastic about fashion and enjoy shopping on Myntra.

With this credit card, you can earn special cashback on not only your Myntra purchases but also on other partner brands. The card also provides Myntra Insider membership and a waiver of the Rs. 500 fee. As a welcome benefit, you receive a Rs. 500 Myntra voucher. Additionally, you can enjoy lounge access, milestone benefits, and annual fee waivers.

To learn more about the features and benefits offered by the card, its fees and charges, and other important information related to this co-branded card, please refer to our Myntra Kotak Credit Card review.

  • Joining Fee-Rs. 500
  • Renewal Fee-Rs. 500
  • Best Suited For-Shopping
  • Reward Type-Cashback
  • Welcome Benefits-Myntra voucher worth Rs. 500 on making 1 transaction above Rs. 500 inside 30 days of card issuance

Rewards and Benefits

  • Movie & Dining- 5% cashback on Swiggy, 2 complimentary PVR tickets on spends of Rs. 50,000 per quart
  • Rewards Rate- 7.5% discount on Myntra spends, 5% cashback on partner brands, 1.25% cashback on other spends
  • Reward Redemption- Cashback is automatically credited to the card statement
  • Travel- Complimentary lounge access
  • Golf- NA
  • Domestic Lounge Access- 1 complimentary lounge access per quarter
  • International Lounge Access- NA
  • Insurance Benefits- NA
  • Zero Liability Protection- Protection against fraudulent transaction if the theft or loss is reported to the bank in a timely manner.

Fees & Charges

  • Spend based Waiver- Rs. 2 Lakhs in the previous year
  • Rewards Redemption Fee- Nil
  • Foreign Currency Markup- 3.5%
  • Interest Rates- 3.7% per month or 44.4% per annum
  • Fuel Surcharge- 1% fuel surcharge waiver
  • Cash Advance Charge- Max 2% of the amount or Rs. 500 per R. 10,000
  • Add-on Card Fee- Rs. 299

Product Details

  • Myntra voucher worth Rs. 500 on making 1 transaction above Rs. 500 inside 30 days of card issuance
  • 5% discount on Myntra spends, capped at Rs. 750 per transaction
  • 5% cashback on partner brands like Swiggy, PVR, Urban Company, etc. capped at Rs. 1000 per cycle
  • Unlimited 1.25% cashback on other online and offline spends, with a few exclusions
  • Complimentary Myntra Insider program membership
  • 1 complimentary domestic lounge access per quarter
  • 2 complimentary PVR tickets worth Rs. 250 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

Myntra Kotak Credit Card – Rewards and Benefits

Welcome Benefit

You get a Myntra voucher worth Rs. 500 on activating your card and making 1 transaction above Rs. 500 inside 30 days of getting the card. The voucher is sent to the cardholder via SMS or Eimail inside 30 days and can be used to get the discount.

Instant Discount on Myntra Spends

Get an instant 7.5% discount on all your spends on the Myntra website or mobile application. The discount is capped at Rs. 750 per transaction

Reward Earning

The Myntra Kotak credit card offers cashback on Myntra spends as well as other online and offline spends.

Cashback on Preferred Partners

Get 5% cashback on your spends at preferred partners Swiggy, Swiggy Instamart, Cleartrip, Urban Company, and PVR. The cashback is capped at Rs. 1000 per month and is automatically credited to the card statement.

Base Cashback

You can get an unlimited 1.25% cashback on all other spends made at offline and online merchants with the Kotak Myntra credit card.

There are a few exclusions on the base cashback –

  • Cashback is not applicable on wallet reloads, rent, and fuel spends
  • Transactions converted to EMIs are not eligible for cashback and if you have received cashback, it will be reversed on converting the transaction to EMI.
  • Credit card UPI transactions will accrue cashback only on transactions of Rs. 2000 or more

Reward Redemption

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

Myntra Insider Program Membership

The credit card offers a complimentary membership to the Myntra Insider program offering exclusive offers and benefits to the cardholder.

  • The cardholder is onboarded to the program inside 7 days of credit card issuance
  • The cardholder is onboarded as a Select Member of the program and will need to spend Rs. 7000 minimum and place at least 5 orders in the year on Myntra to maintain the tier.
  • The cardholder gets access to benefits like early access to sale and offers, free shipping, exclusive savings and offers, Supercoins, and much more

Airport Lounge Access

You can get 1 complimentary domestic lounge access per quarter, where you can enjoy privileges like 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 the calendar quarter. Wallet reloads, rent, and fuel spends are not considered towards the benefit.

Renewal Fee Waiver

The annual fee can be waived off on spending Rs. 2 Lakhs or more in the card anniversary year.

Fuel Surcharge Waiver

You get a 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 3000. You can get a maximum benefit of Rs. 3500 per year but fuel spends are not eligible to earn cashback.

Myntra Kotak Credit Card – Fees and Charges

Here are the fees and charges associated with the Myntra Kotak Credit Card –

  • The card charges a joining and annual fee of Rs. 500 plus taxes
  • The card charges an interest rate of 3.7% per month and 44.4% per annum
  • The foreign currency markup on the card is 3.5% of the transaction amount
  • The ATM cash withdrawal fee on the card is 2% or Rs. 500, per Rs. 10,000 withdrawn
  • The add-on card fee is Rs. 299 and the card replacement fee is Rs. 200

Myntra Kotak Credit Card – Eligibility Criteria

There is no defined income criteria to apply for the credit card but you should qualify some basic eligibility requirements

  • The applicant must be an Indian resident
  • The applicant must be 18 to 65 years of age
  • The applicant must have a stable source of income
  • The applicant must have a decent credit score

Documents Required

You will need to submit the following documents while applying for the Kotak Myntra credit card –

  • ID Proof – Voter ID, Aadhar Card, PAN Card, Driving License, Passport, etc.
  • Address Proof – Voter ID, Driving License, Water/electricity bill, Passport, Aadhar Card, etc.
  • Income Proof – Recent months’ salary slip for salaried individuals and audited ITR for self-employed individuals

How to Apply for the Myntra Kotak Credit Card

Follow these steps to apply for the credit card –

  • Visit the official Kotak Mahindra bank website
  • Select Cards & Fastag and then click on Credit Cards
  • Click on the Myntra Kotak credit card
  • Go through the information related to the card
  • Next click on Apply Now and follow the prompts to apply for the card successfully


Myntra has always been one of the favorite portals among youth for online shopping, offering excellent clothing and apparel for everyone. Kotak Mahindra Bank and Myntra have now launched their co-branded Myntra Kotak Credit Card, which is perfectly suited for millennials and fashion enthusiasts. With this card, you get unlimited discounts on Myntra spends.

Additionally, you also earn cashback on partner brands, excluding certain categories, and unlimited 1.25% cashback on both offline and online spends. The joining fee for the credit card is Rs. 500, which can be waived on spending the same amount. The card has an annual milestone of Rs. 2 lakh or more. Furthermore, you gain access to lounge access, milestone benefits, Myntra Insider membership, and various other exciting privileges.

To share your thoughts about this new co-branded Kotak Myntra Credit Card and whether you are planning to apply for it, please head to the comments section.

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