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▾Kotak Myntra Credit Card Review
Best for: Regular Myntra shoppers spending ₹15K+/quarter on fashion and lifestyle purchases.
- 7.5% unlimited cashback on Myntra purchases
- 5% on Swiggy, Cleartrip, Urban Company
- Low ₹500 fee
- Welcome ₹500 Myntra voucher
- No upper cap on Myntra rewards
- 3% flat on other retail — middling
- No lounge access
- Narrow ecosystem (Myntra + 4 partners)
- Redemption only as statement credit
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹500 + GST |
| Renewal fee | ₹500 + GST |
| Finance charge | 3.6% p.m. |
| Cash advance fee | 2.5% (min ₹500) |
| Forex markup | 3.5% |
| Late payment fee | Up to ₹1,300 |
Rewards structure
Myntra purchases earn 7.5% direct cashback (uncapped). Partner apps (Swiggy, Cleartrip, PVR, Urban Company, Flipkart) earn 5%. All other retail 1.5%. Cashback credits to statement automatically within 90 days.
Key benefits
- Welcome ₹500 Myntra voucher on fee payment
- Insider VIP / Elite access on Myntra (faster sale entry, free shipping)
- 1% fuel surcharge waiver
- EMI conversion on Myntra big-ticket items at 0% for first 6 months
Who the Kotak Myntra is for
Myntra loyalists doing ₹60K+ annual fashion spend. The 7.5% cashback at ₹60K = ₹4,500 savings vs regular 1.5% card = ₹3,600 extra. Fee recovered in month 1.
Final verdict
Among the best-structured fashion co-brand cards in India. Myntra + partner apps ecosystem covers most Gen-Z spending patterns. Pair with Axis ACE or Flipkart Axis for non-Myntra retail.
FAQ
Is there a monthly cap on Myntra cashback?
No — 7.5% is uncapped on Myntra. Partner app cashback is capped at ₹500/app/month.
Can I stack card discount with Myntra Insider sale?
Yes — card cashback credits separately and does not interfere with Myntra promotional discounts.
Do Myntra Insider returns affect cashback?
Cashback is reversed proportionally on returned items. Applied typically within 7-14 days of return processing.
Fees and features verified against the issuer's public website. Benefits may vary; always confirm current terms with the issuer before applying.