The verdict
An unbeatable lifestyle card for urban shoppers and foodies. The 7.5% instant Myntra discount applies right at the checkout screen without waiting for statement credits, and 5% cashback on daily food and grooming apps delivers steady monthly savings for a low ₹500 fee.
The maths for it
Spending ₹5,000/mo on Myntra (₹4,500/yr savings) + ₹4,000/mo on Swiggy/Zomato/Urban Company (₹2,400/yr savings) + ₹10,000/mo other retail (₹1,500/yr) yields ₹8,400 in direct savings, returning 16.8× the ₹500 fee.
The maths against
For individuals who shop on Amazon or Flipkart rather than Myntra, brand-neutral 5% cashback cards offer broader applicability.
✓What works
- +7.5% instant discount on Myntra up to ₹750 per transaction across all product catalogs.
- +5.0% cashback on Swiggy, Swiggy Instamart, Zomato, PVR cinemas, and Urban Company (capped at ₹1,000/mo).
- +1.25% flat unlimited cashback on all other retail transactions.
- +₹500 Myntra voucher welcome gift upon completing 1st transaction of ₹500+ within 30 days.
- +Available on RuPay network for instant UPI merchant payments.
✕What doesn't
- −Annual fee waiver requires ₹2,00,000 spend, which is higher than other entry-level cards.
- −7.5% Myntra discount has a per-transaction ceiling of ₹750.
- −Domestic lounge access requires ₹50,000 quarterly spend.
What it earns
Myntra discount is applied instantly at checkout. Partner cashback is auto-credited to statement.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| Myntra Fashion App & Web | 7.5% Instant Discount | Max ₹750 / transaction | ₹7,500 (Instant discount) |
| Swiggy, Zomato, PVR & Urban Company | 5.0% Cashback | ₹1,000 / month | ₹5,000 (Capped at ₹1,000/mo) |
| All Other Domestic Retail | 1.25% Cashback | Uncapped | ₹1,250 |
| Fuel & Rent | 0% | Excluded | ₹0 |
Accelerated earn
7.5% Instant Off + 5% on Top Lifestyle Apps
Instant checkout discount combined with monthly partner cashback.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Myntra App PurchasesInstant cart price deduction. | Instant Off · 7.5% | ₹750 / txn | — |
| Swiggy, Zomato, PVR, Urban CompanyFood delivery, cinema & home salon services. | 5× · 5.0% | ₹1,000 / month | — |
Redemption options
Automatic statement credit for cashback; instant discount for Myntra.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Instant Myntra DiscountBEST VALUE | ₹1.00 per ₹1.00 instant off | ₹0 | ₹750 / txn | Nil |
| Statement Credit (Cashback)BEST VALUE | ₹1.00 per ₹1.00 cashback | ₹0 (Auto-credited) | None | Nil |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +Myntra fashion, cosmetics, and footwear purchases.
- +Swiggy food, Instamart groceries, and Dineout.
- +Zomato dining and delivery orders.
- +Urban Company cleaning and home services.
✕Excluded Spends & Fee Traps
- −Rent payments.
- −Fuel purchases (1% surcharge waiver on ₹500–₹3,000).
- −Wallet load transactions.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹500 + GST (₹500 Myntra Voucher welcome gift) |
| Annual Renewal Fee | ₹500 + GST (Waived at ₹2,00,000 spend) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 3.5% / month (42.0% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age | 21–65 years |
| Salaried Income | ₹25,000+ monthly net salary |
| Self-Employed Income | ITR above ₹3.6 Lakhs per annum |
Frequently Asked Questions
Does Kotak Myntra Credit Card offer airport lounge access?
Yes. 4 Dom / yr (1/qtr on ₹50k qtr spend)
What are the MITC charges, annual fees, and interest rates for Kotak Myntra Credit Card?
The annual renewal fee is ₹500 + GST (Waived at ₹2,00,000 spend). Fee waiver condition: Waived on annual retail spends exceeding ₹2,00,000 in previous anniversary year. Revolving balance finance charges: 3.5% / month (42.0% / year). Foreign currency markup: 3.5% + GST. Check the current issuer MITC for other or missing charges.
What is the reward rate and point redemption value on Kotak Myntra Credit Card?
Published earn rate: 7.5% Instant Off on Myntra · 5% Swiggy/Zomato/PVR/Urban Co · 1.25% other. Listed Instant Myntra Discount value: ₹1.00 per ₹1.00 instant off.
Which transactions are excluded from earning rewards on Kotak Myntra Credit Card?
Listed exclusions: Rent payments., Fuel purchases (1% surcharge waiver on ₹500–₹3,000)., Wallet load transactions.. Check the issuer terms for any fuel surcharge waiver.
Who is Kotak Myntra Credit Card best suited for in 2026?
The card details describe it as suited to Myntra fashion shoppers, food delivery on Swiggy/Zomato & movie lovers. Compare its terms with your spending and annual fee.
Editorial Deep-Dive Analysis
Comprehensive Overview: Kotak Myntra Credit Card
The Kotak Myntra Credit Card is a premier co-branded fashion and lifestyle credit card developed by Kotak Mahindra Bank in partnership with Myntra, India’s leading e-commerce fashion destination. Issued on Mastercard and RuPay platforms with an annual fee of ₹500 + GST, it is designed for fashion-forward urban consumers, online food delivery regulars, and entertainment spenders.
The card delivers immediate, frictionless value right at checkout: cardholders receive an instant 7.5% discount on all Myntra purchases (capped at ₹750 per transaction) without waiting for statement credits. In addition, it offers 5.0% statement cashback across essential lifestyle apps—Swiggy (including Instamart and Dineout), Zomato, PVR cinemas, and Urban Company—paired with 1.25% uncapped cashback on all other domestic retail spending and UPI QR payment linkage on RuPay.
Key Privileges and Practical Everyday Benefits
- 7.5% Instant Discount on Myntra: Enjoy an automatic 7.5% price deduction directly in your Myntra shopping cart (up to ₹750 per transaction) across clothing, footwear, accessories, and cosmetics.
- 5.0% Cashback on Everyday Lifestyle Apps: Earn 5.0% direct statement cashback across leading lifestyle partners: Swiggy, Zomato, PVR multiplexes, and Urban Company home services (capped at ₹1,000 per month).
- 1.25% Uncapped General Retail Cashback: Earn a flat 1.25% cashback on all other routine domestic online and offline retail transactions with no monthly earnings cap.
- Welcome Fashion Gift: Receive a ₹500 Myntra shopping voucher upon card setup and completing an initial qualifying transaction of ₹500 or more within 30 days.
- Domestic Airport Lounge Access: Receive 1 complimentary domestic airport lounge visit per calendar quarter (up to 4 visits per year) upon achieving ₹50,000 in retail spending during the preceding quarter.
- Quarterly Cinema Bonus: Spend ₹50,000 within a calendar quarter to unlock 2 complimentary PVR movie tickets (worth ₹250 each), totaling up to 8 free tickets annually.
Important Terms and Spend Conditions to Keep in Mind
- Per-Transaction Discount Cap: The 7.5% Myntra instant discount is capped at ₹750 per transaction, meaning purchases above ₹10,000 do not receive additional percentage savings on the surplus amount.
- Partner Cashback Ceiling: The 5.0% cashback across Swiggy, Zomato, PVR, and Urban Company has a consolidated monthly cap of ₹1,000 per statement cycle.
- Higher Spend-Based Fee Waiver: Waiving the ₹500 annual renewal fee requires ₹2,00,000 in retail spending during the anniversary year.
- Spend-Gated Lounge Access: Domestic airport lounge access requires meeting a qualifying spend threshold of ₹50,000 in the previous calendar quarter.
- Excluded Categories: Fuel transactions, wallet reloads, rent payments, and ATM cash advances are excluded from cashback accrual.
Who Benefits Most
- Frequent Myntra Shoppers: Consumers who refresh their wardrobe regularly on Myntra and appreciate instant cart deductions over delayed reward points.
- Food Delivery and Urban App Regulars: City dwellers spending ₹5,000 to ₹10,000 monthly across Swiggy, Zomato, and Urban Company who want consolidated 5% statement cashback.
- RuPay UPI Spenders: Users seeking a versatile co-branded card that can be linked to Google Pay or PhonePe for merchant UPI QR payments.
linkVerified Data & Notice Sources
- https://www.kotak.com/en/personal-banking/cards/credit-cards/myntra-credit-card.html
- https://www.kotak.bank.in/content/dam/Kotak/customer-service/general-banking/cards/credit-cards/mitc.pdf
- Kotak Mahindra Bank — Myntra Credit Card schedule of charges
- Myntra & Kotak — 7.5% instant discount and preferred partner terms
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