The essential co-branded card for the discerning online fashion shopper
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| Benefit | Details |
|---|---|
| Exclusive Fashion Discount | Cardholders receive a flat 7.5% instant discount on all purchases made via the Myntra platform. |
| Accelerated Value-Back | A 5% cashback is accrued on spends with preferred partners, including Swiggy, PVR, Cleartrip, and Urban Company. |
| Annual Fee Waiver | The annual renewal fee of ₹500 + applicable taxes is waived upon achieving an annual spend of ₹2,00,000 in the preceding year. |
| Milestone Reward | Two complimentary PVR movie tickets are provided quarterly upon reaching the minimum qualifying spend threshold. |
| Network Advantage (RuPay) | Offers a competitive base cashback rate of 1.25% on all other spends, including transactions conducted through the RuPay network's UPI facility. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Kotak Mahindra Bank in partnership with Myntra |
| Bank / Non-bank | Bank-affiliated |
| Category | Shopping / Fashion Rewards / Co-branded |
| Type of Card | RuPay |
| Free or Paid | ₹500 + Taxes Annually |
The Kotak Myntra Credit Card has been strategically designed as a co-branded product, primarily catering to frequent shoppers on the Myntra platform. The core value proposition revolves around the substantial instant discount provided directly at the checkout stage, which is notably higher than typical reward point structures.
This card represents an excellent choice for individuals whose discretionary spending is concentrated on online fashion and lifestyle purchases. Furthermore, the accelerated cashback on affiliated lifestyle brands, such as PVR for entertainment and Swiggy for food delivery, makes it a powerful option for optimising value across a broader range of everyday expenses beyond the specific co-branded merchant.
Fashion-Centric Rewards: Earn an instant 7.5% discount on all Myntra purchases, making every fashion buy more rewarding for trend-conscious shoppers.
RuPay UPI Integration: Link your card to popular UPI apps to make seamless QR-based payments and earn cashback on eligible spends.
Partner Merchant Benefits: Enjoy 5% cashback when spending on partnered platforms such as Swiggy, Cleartrip, PVR, and Urban Company, enhancing savings across categories.
Myntra Insider Membership: Get complimentary Myntra Insider access, offering early sale previews, exclusive offers, and priority customer support.
Milestone Rewards: Receive complimentary PVR movie tickets upon achieving defined annual spend milestones, adding entertainment value to your lifestyle.
Fuel Surcharge Waiver: Avail a 1% fuel surcharge waiver on eligible transactions, helping reduce commuting expenses.
Contactless Payments: Experience quick and secure transactions through contactless payment technology, enhancing convenience during everyday use.
Annual Fee Waiver: Enjoy waiver of the annual fee by meeting the specified annual spending threshold, making the card cost-efficient for regular users.
7.5% Instant Discount on Myntra: A flat 7.5% reduction is applied at the checkout stage when using the card for purchases on the Myntra platform.
Per Transaction Cap: The maximum discount permissible per single transaction is ₹750.
No Limit on Transactions: There is no maximum capping imposed on the number of eligible transactions that can benefit from the discount.
5% Accelerated Cashback: This rate applies to transactions conducted with a select group of preferred lifestyle partners:
Swiggy and Swiggy Instamart (Food and Grocery Delivery)
PVR (Entertainment/Movie Bookings)
Cleartrip (Travel Bookings)
Urban Company (Home Services)
Statement Cycle Cap: The maximum cashback that can be accrued across all preferred partner merchants is limited to ₹1,000 per statement cycle. Once this limit is reached, transactions will revert to the base cashback rate.
1.25% Base Cashback: This consistent rate applies to all spending categories that fall outside of Myntra and the preferred partners. This includes all general retail purchases, both online and offline.
UPI Transaction Inclusion (RuPay Exclusive): A significant feature of the RuPay variant is the inclusion of transactions made via UPI (linked to the card) within this 1.25% cashback structure. This provides seamless rewards for smaller, everyday digital payments.
Exclusions: Standard excluded categories, such as rent payments, fuel purchases, wallet loading, cash advances, and EMI transactions, do not qualify for any cashback accumulation.
Instant Discount: The 7.5% value is applied directly to the purchase price on Myntra at the point of sale, requiring no further action or redemption by the cardholder.
Cashback: The 5% and 1.25% cashback amounts are credited directly to the cardholder's statement, effectively reducing the total outstanding balance due.
Activation Benefit (Voucher): Upon completing the first transaction of ₹500 or more within 30 days of the card's issuance date, the cardholder is rewarded with a ₹500 Myntra e-Gift Voucher.
Complimentary Myntra Insider Membership: The card includes an automatic, complimentary enrolment into the Myntra Insider Select Tier loyalty programme. This membership tier offers additional privileges to the cardholder, such as early access to major sales events, free shipping on all purchases, and the opportunity to earn loyalty SuperCoins, enhancing the overall shopping experience.
Complimentary PVR Movie Tickets: Cardholders are eligible to receive two complimentary PVR movie tickets per quarter (three months).
Complimentary Domestic Lounge Access: The cardholder is provided with one complimentary domestic airport lounge access per quarter.
Fuel Surcharge Waiver: A 1% fuel surcharge waiver is applicable on fuel transactions conducted between ₹300 and ₹3,000.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹500 + Taxes | A one-time charge applied when the card is successfully issued. |
| Annual Fee | ₹500 + Taxes | Charged every year from the second year onwards. Waived if the cardholder achieves annual spends of ₹2,00,000 or more in the preceding anniversary year. |
| Add-on Card Fee | ₹299 | Fee for each supplementary card issued to family members. |
| Finance Charge | 3.70% per month / 44.40% per annum | Applicable on outstanding balances that are not paid in full by the due date. |
| Fuel Surcharge Waiver | 1% on transactions between ₹300–₹3,000 | Maximum annual waiver of ₹3,500. |
| Foreign Currency Mark-up | 3.50% + GST | Charged on all international transactions or transactions processed in foreign currency. |
| Over Limit Charge | ₹500 | Applicable if the outstanding balance exceeds the approved credit limit. |
| Criteria | Details |
|---|---|
Residency | Applicants must be a resident of India. |
Age (Primary Applicant) | Minimum 18 years, up to a maximum of 65 years. |
Age (Add-on Applicant) | Minimum 18 years. |
Occupation | Salaried or Self-Employed individuals are considered. |
Other Criteria | A steady source of income and a positive credit history, typically reflected by a good credit score, are necessary prerequisites. |
| Document Type | Details |
|---|---|
| Identity Proof | Valid documents such as an Aadhaar Car, PAN Card, Drivering Licence, Passport, or Voter's ID Card. |
| Address Proof | Aadhaar Card, Passport, Driver's Licence, or recent Utility Bills (e.g., electricity, telephone) not older than three months. |
| Income Proof | Latest salary slips (3 months) or Form 16 for salaried individuals, or the latest Income Tax Returns (ITR) with audited financials for self-employed applicants. |
| Age Proof | 10th standard school certificate, Birth certificate, Passport, Voter ID Card |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your Myntra Kotak Credit Card (RuPay) will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Primary Discount | All shopping on the Myntra platform should be routed through this card to consistently avail the 7.5% instant discount. |
Leverage Partner Cashback | Utilise the card for spends on Swiggy, PVR, Cleartrip, and Urban Company to ensure the maximum 5% cashback is accrued. |
Meet Quarterly Milestone | To secure the two complimentary PVR movie tickets, the cardholder must actively track and ensure that their eligible spending reaches the ₹50,000 quarterly threshold. |
Use UPI (RuPay Feature) | For small-value daily purchases, the RuPay variant allows the card to be linked to UPI applications, which will then accrue the 1.25% base cashback. |
Ensure Fee Waiver | Maintain annual eligible spending above ₹2,00,000 to ensure the renewal fee is automatically waived. |
Utilise Lounge Access | The cardholder should make use of the one complimentary domestic lounge visit per quarter. |
The Myntra Kotak Credit Card (RuPay) is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.