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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 within 30 days of getting the card. The voucher is sent to the cardholder via SMS or email within 30 days and can be used to get the discount.

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 within 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 sales 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 Cashback & Rewards

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.

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.
• Myntra Kotak Credit Card UPI transactions will accrue a cashback of 1.25% 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 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 are no defined income criteria to apply for the credit card, but you should meet 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?

Applying for the Myntra Kotak Credit Card is a simple and easy process. Follow these steps to apply for the credit card –

• Click on Apply Now, which is appearing on your screen.
• Fill in your details.
• Successfully apply for the card.

Other Cards Similar to the Myntra Kotak Credit Card

Flipkart Axis Bank Credit Card

The Flipkart Axis Bank credit card is great for people who regularly make spends at Flipkart. You can get 5% cashback on Flipkart transactions and also on popular merchants like Uber, Swiggy, PVR, etc. The card also offers complimentary lounge access, a fuel surcharge waiver, and exclusive dining benefits with the Dining Delights program.

• Rs. 600 worth of welcome benefits with the card
• 5% cashback on Flipkart spends
• 4% cashback on preferred partners PVR, cult.fit, Uber, etc.
• 4 complimentary domestic lounge access

Cashback SBI Credit Card

The Cashback SBI card is newly launched by the bank and offers cashback on almost all spends made by you. The card offers up to 5% cashback on online spends and 1% cashback on offline spends made by you. The annual fees of the card is Rs. 999 plus taxes, but you can get it waived on spending Rs. 2 Lakhs or more in the year.

• 5% cashback on online transactions
• 1% cashback on offline transactions
• Cashback is capped at a maximum of Rs. 5000 per month
• Spend-based annual fee waiver

Myntra Kotak Credit Card Review by Card Insider

Myntra has always been one of the favorite portals for online shopping among youngsters and has the best clothing and apparel for everyone. Kotak Mahindra Bank and Myntra have launched their co-branded Myntra Kotak credit card, which is perfect for young millennials and fashionistas. With this card, you get unlimited discounts on your spends on Myntra.

Apart from this, you also earn cashback on spends made at partner brands and unlimited 1.25% cashback on other offline and online spends, excluding a few categories. Earlier, the card could be availed at a nominal charge of Rs. 500, which is now waived for a limited time. Customers can now get the Myntra Credit Card at zero joining charge. The annual fee shall also be waived for a period of three years. Also, you get complimentary lounge access, milestone benefits, Myntra Insider membership, and many other exciting privileges.

Head over to the comments section to tell us your thoughts regarding this new co-branded Kotak Myntra credit card and if you plan on applying for it.