Myntra Kotak Credit Card - Features, Benefits, Fees & Charges

Myntra Kotak Credit Card (4.3)

Co-Branded Best For: Cashback
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If you are a frequent shopper of Myntra and would like to earn rewards while doing so, consider getting the Myntra Kotak Credit Card. With this card, you'll receive an instant 7.5% discount on Myntra purchases, a Myntra gift card, 1.25% cashback on other purchases, free lounge access, discounts on movie tickets and many other benefits. Keep reading to learn more!

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus
  • Myntra voucher worth ₹500 on card activation.
  • Additional ₹500 voucher on first transaction of ₹500 or more.
Cashback Benefit
  • 5% Cashback on Swiggy, Swiggy Instamart, PVR, Clear Trip and Urban Company.
  • 1.25% cashback on other spends.
  • Cashback is capped at ₹1000 per month. 
  • Cashback rate: Up to 7.5%
Shopping Benefit
  • Instant 7.5% cashback on Myntra capped at ₹750 per transaction.
  •   Free Myntra Insider program membership.
Milestone Benefit
  • Free movie tickets worth ₹250 each on spending ₹50000 every quarter.
  • Spend ₹2,00,000 annually and get annual fee waived off.
Fuel Surcharge

1% fuel surcharge waiver up to ₹300 per month.

Lounge Access

1 free domestic lounge access every quarter. For list of lounges click here.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹500

Annual Fee

₹500

Annual Percentage Rate

44.4%

Add-on Card Fee

₹299

Minimum Repayment Amount

10%

Cash Withdrawal Fee

2%

Cash Advance Limit

NA

Card Replacement Fee

₹200

Foreign Transaction Fee

3.5%

Over Limit Penalty

₹500

Fuel Transaction Surcharge

1%

Reward Point Value

NA
Late Payment Charges

Balance from ₹0 to ₹100

₹0

Balance from ₹100.01 to ₹500

₹100

Balance from ₹500.01 to ₹1,000

₹500

Balance from ₹1,000.01 to ₹5,000

₹500

Balance from ₹5000.01 to ₹10000

₹600

Balance from ₹10,000.01 to ₹25000

₹800

Balance from ₹25000.01 to ₹50000

₹1000

Balance more than ₹50000

₹1200
Pros

Aspects that make this credit card amazing.

  1. Instant discount of 7.5% on all purchases made on Myntra.
  2. 5% cashback on spends at select partner merchants.
  3. 1.25% unlimited cashback on spends across other categories.
  4. Welcome benefit of Myntra voucher worth ₹500.
Cons

Aspects this credit card lacks.

  1. High interest rate of 3.7% per month.
  2. No cashback on Rent Payment, Fuel Spends and EMI transactions.
  3. Maximum cashback that can be earned in a month is capped at ₹1000.
  4. Charges add-on card fee of ₹299.
Myntra Kotak Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(3.5)

Rewards

(3)

Customer Service

(3)

Myntra Kotak Credit Card Review

The Myntra Kotak Credit Card is a great choice for frequent Myntra shoppers who want to save money. With a discount of 7.5%, this card offers even more savings than the Flipkart Axis Credit Card, which only provides 5% cashback on Myntra purchases. Additionally, this credit card includes access to domestic lounges, which is a great perk for those who enjoy travelling within the country. For an annual fee of ₹500, this card provides reasonable cashback rewards and other benefits.

Overview

Joining and Annual Fee ₹500 
Welcome Bonus ₹500 worth Myntra voucher on activation

Best For

Shopping and Cashback
Card Type Co-branded
Card Network Rupay and Mastercard

Cashback on Myntra Kotak Credit Card

Category Cashback
Myntra Instant discount of 7.5%
Partner Merchants 5% cashback
Other Spends 1.25% unlimited cashback

Who Should Opt for Myntra Kotak Credit Card?

The Myntra Kotak Credit Card is a good option for people who frequently shop on Myntra and want to save money. Here are some of the people who should consider opting for this credit card:

  • People who frequently shop on Myntra: The Myntra Kotak Credit Card offers an instant discount of 7.5% on all purchases made on Myntra. This is a great way to save money on your fashion purchases.
  • People who shop at select partner merchants: The Myntra Kotak Credit Card also offers 5% cashback on spends at select partner merchants, such as Zomato, Swiggy, BookMyShow, and more. If you frequently shop at these merchants, you can save money using this card.

How to apply for Myntra Kotak Credit Card?

To apply for Myntra Kotak Credit Card, follow the below steps:

Step 1: Visit select.finology.in and click on 'Credit Card' tab.
Step 2: Click on Card Issuers, where you will see a list of banks that issue credit cards.
Step 3: Choose Kotak Bank from the list.
Step 4: Choose Myntra Kotak Credit Card and click on 'Apply Now' button.
Step 5: Provide the required consent, and then you will be redirected to a page where you need to fill in your mobile number and PAN card number.
Step 6: Fill in the credit card application form and attach the documents required.

Myntra Kotak Credit Card Eligibility

Age: 18 to 65 years
Income: Applicant must have a stable source of income to be eligible for this card.

Documents Required

  • Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than three months old), latest Form 16, and the last 3 months’ bank statement.
Kotak Bank Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

Kotak Bank

Kotak Bank Credit Card Customer Care Number:

1860 266 2666

Kotak Bank Card Offers:

View Offers

Total Cards:

60,42,418
Kotak Bank Credit Card News
25 Apr 2024, Thursday
1. Kotak Mahindra Bank Faces RBI Restrictions for IT Security Lapses

The Reserve Bank of India (RBI) imposed restrictions on Kotak Mahindra Bank due to "serious deficiencies and non-compliances" in IT risk and information security practices. These restrictions include:

  1. Ban on onboarding new customers digitally: Kotak Mahindra Bank cannot add new customers through online and mobile banking channels.
  2. Halt on issuing new credit cards: The bank is temporarily barred from issuing new credit cards.

It's important to note that existing customers are unaffected and can continue using their accounts and credit cards as usual.

Myntra Kotak Customer Reviews

No Customer reviews yet. Be the first to review this card.

Frequently Asked Questions

The Myntra Kotak Credit Card offers a number of benefits, including:

  • Instant discount of 7.5% on all purchases made on Myntra: This is the most attractive benefit of the card. You can avail of this discount on all purchases made on Myntra, including clothes, accessories, home & living products, and more.
  • 5% cashback on spends at select partner merchants: The Myntra Kotak Credit Card also offers 5% cashback on spends at select partner merchants, such as Zomato, Swiggy, BookMyShow, and more. The list of partner merchants is subject to change.
  • 1.25% unlimited cashback on spends across other categories: This cashback is applicable on all other spends, except for rent, fuel, EMI transactions, post-purchase EMI, wallet-loading transactions, and cash advances.
  • Welcome benefit of Myntra voucher worth Rs. 500: You get a Myntra voucher worth Rs. 500 on completing the first transaction worth Rs. 500 or more within 30 days of card issuance.

Yes, you can use the Myntra Kotak Credit Card for purchases other than on Myntra. The card can be used at any merchant that accepts Mastercard or Rupay credit cards. You will still get the 7.5% instant discount on all purchases made on Myntra, but you will only get the 5% cashback on spends at select partner merchants and the 1.25% unlimited cashback on other spends if you make those purchases at the partner merchants or other merchants respectively.

The Myntra Kotak Credit Card also offers a number of other benefits, such as complimentary lounge access, free PVR tickets, and Myntra Insider membership. These benefits are available regardless of where you use the card.

The Myntra Kotak Credit Card is a co-branded credit card issued by Kotak Mahindra Bank and Myntra. It offers an instant discount of 7.5% on all purchases made on Myntra. It also offers 5% cashback on spends at select partner merchants, such as Zomato, Swiggy, BookMyShow, and more. Other benefits of the card include complimentary lounge access, free PVR tickets, and Myntra Insider membership. The annual fee of the card is Rs.500.

There are two ways to apply for a Myntra Kotak Credit Card:

  • Online: You can apply for the card online through the Kotak Mahindra Bank website. To do this, you will need to provide your personal and financial information, such as your name, address, income, and employment details. You will also need to upload a copy of your PAN card and recent salary slip.
  • At a Kotak Mahindra Bank branch: You can also apply for the card at any Kotak Mahindra Bank branch. To do this, you will need to fill out an application form and provide the same documents as you would if you were applying online.

Here are the documents that you will need to apply for a Myntra Kotak Credit Card:

  • PAN card
  • Recent salary slip
  • Identity proof (such as a passport or driving license)
  • Address proof (such as a utility bill)

There are a few ways to track your Myntra Kotak Credit Card application status:

  • Online: You can track your application status online through the Kotak Mahindra Bank website. To do this, you will need to create an account and login to your account. Once you are logged in, you will be able to see the status of your application.
  • By SMS: You can also track your application status by SMS. To do this, you will need to register for SMS alerts when you apply for the card. Once your application is processed, you will receive an SMS with the status of your application.
  • By phone: You can also track your application status by phone. To do this, you can call the Kotak Mahindra Bank customer service number and provide your application number. The customer service representative will be able to tell you the status of your application.

Yes, the Myntra Kotak Credit Card is accepted internationally. It is a Mastercard, which is accepted at millions of merchants around the world. However, you may be charged a foreign currency transaction fee if you use the card to make purchases in foreign currency. The foreign currency transaction fee is typically around 3.5% plus GST of the transaction amount.

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