Kotak Mahindra Bank
Myntra Kotak Credit Card
Annual Fee
₹590₹500 + GSTBase Reward
1.25% cashback
Foreign Markup
3.5%
Welcome Benefits
Myntra voucher worth Rs. 500 on making 1 transaction above Rs. 500 inside 30 days of card issuance
Product Highlights
- 7.5% discount on Myntra spends
- 5% cashback on partner brands
- Unlimited 1.25% cashback on other spends
Category Rewards
Specialty
2.5X Mojo on online (unlimited)
0.625%
Fee Waiver
Renewal fee waiver on spends of ₹2 Lakhs in the anniversary year
Merchant-Specific Rewards
Myntra
★ 7.5% on Myntra (special co-brand)
Swiggy
5% on Partner Shopping(Cap ₹1,000/cycle)
Cleartrip
5% on Partner Shopping(Cap ₹1,000/cycle)
Cult.fit
5% on Partner Shopping(Cap ₹1,000/cycle)
Reward Calculator
Earns ₹1,060/year (net)
Modest gain. Solid hold if you like the perks.
₹19K
across all your buckets
6.6K
Kotak Mojo Points
₹1.6K
via standard · ₹0.25/pt
Effective rate
0.72%
Annual fee
₹590
Year 1 net
+₹1,060
Year 2+ net
+₹1,060
ongoing
Adjust your spend by reward bucket
4 bucketsReal Reward Ceiling
Headline %s are gated by caps. Here's how far each accelerator stretches before it falls back to the base rate.
5% on Partner Shopping
Headline: 5.00% effective
₹1,000/cycle ÷ 5.00% = ₹20,000 eligible spend/cycle
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Excluded from rewards
fuel, cash advance, rent, wallet, emi
Fuel surcharge waiver (good news)
1%on ₹500–₹3,000 fuel txns · capped at ₹3,500/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
7.5% discount on Myntra spends, capped at ₹750 per transaction. 5% cashback on partner brands like Swiggy, Swiggy Instamart, Cleartrip, Urban Company, and PVR, capped at ₹1000 per month. Unlimited 1.25% cashback on other online and offline spends.
Redemption
Cashback is automatically credited to the card statement.
Benefits & Features
Domestic: 1 complimentary lounge access per quarter (Min ₹50,000 spends required for PVR tickets) International: N/A Complimentary lounge access with privileges like comfortable seating, gourmet meals, newspapers and magazines, free WiFi, and widescreen TVs.
Pros & Cons
Pros
- Complimentary Myntra Insider program membership
- Renewal fee waiver on spends of ₹2 Lakhs
- Instant 7.5% discount on Myntra
Cons
- Cashback not applicable on wallet reloads, rent, and fuel spends
- Capped cashback on partner brands
Additional Info
The Myntra Kotak Credit Card has been discontinued as of 10th July 2025.
Cashback on partner brands capped at ₹1000 per month.
Excluded Categories
Partner Merchants
Ready to apply?
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Fees & Charges
Eligibility
Networks
Fee Waiver
Renewal fee waiver on spends of ₹2 Lakhs in the anniversary year