CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
Kotak Mahindra Bank

Kotak Myntra Credit Card

36
Ranked #53 of 170 in credit
creditMastercardPlatinumLegacy · discontinued

Kotak-Myntra co-branded shopping card offering a strong 7.5% Myntra discount and 5% cashback on lifestyle partners, DISCONTINUED as of July 2025 with existing cardholders migrated to other Kotak products.

Score breakdown

Data completeness: 70% · Last verified: 09 Jul 2026

Reward value24/100 · weight 71%
≈ 1.23% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.3% score bonus — earns broadly without narrow category restrictions.
No rewards on: rent. Reward score is scaled by ×(1 − 2.5%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency95/100 · weight 12%
Redemption flexibility92/100 · weight 9%
Perks0/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹500 + 18% GST
= ₹590 total
Annual fee
₹500 + 18% GST
= ₹590 / year total
Waiver: Waived on annual spend of Rs 2 lakh (when card was active)
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
apparelcashback7%—Accelerated cashback on Myntra purchases
all_spendscashback1%—Base rate other spends

Welcome offer

Rs 500 Myntra voucher on first transaction of Rs 500+ within 30 days; complimentary Myntra Insider Select membership

Milestone benefits

Pros

  • Was strong for Myntra loyalists: 7.5% instant discount at checkout (capped Rs 750/transaction, no transaction limit)
  • 5% cashback on Swiggy, Swiggy Instamart, PVR, Cleartrip, Urban Company (capped Rs 1,000/month)
  • 1.25% unlimited base rate incl. UPI on RuPay variant

Cons

  • IMPORTANT: Card DISCONTINUED effective July 10, 2025 — no longer available for new applications. Existing cardholders were migrated to Kotak League Platinum or Kotak Zen Signature depending on profile. Additionally, Kotak Mahindra Bank has faced RBI regulatory restrictions on digital onboarding and new credit card issuance in the recent past — verify current status before referencing Kotak card availability broadly.

What's inside

More benefits

  • Myntra Insider tier upgrade

    Complimentary elevated Myntra Insider loyalty tier

    yearly. Card issuance

Insurance cover

text
₹NaN

Eligibility

text
Age 21-65 (primary), 21+ (add-on) - though card is discontinued, this reflects historical eligibility

Small print

Fuel surcharge:1% fuel surcharge waiver on Rs 500-Rs 3,000, capped Rs 3,500/year