Kotak Myntra Credit Card
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Community Consensus
Consensus Note: Kotak Myntra Credit Card issued by Kotak Mahindra Bank remains a flagship choice for Historical reference only — card retired; live Myntra co-brand is now Axis Bank Myntra Credit Card. Verified user discussions highlight strong yields on spending thresholds.
At-A-Glance Quick Facts
AI Verdict CredSutra Engine
Synthesized objective algorithmic score
The Kotak Myntra Credit Card issued by Kotak Mahindra Bank offers competitive value for Historical reference only — card retired; live Myntra co-brand is now Axis Bank Myntra Credit Card. Audit your monthly spending against its ₹500 + GST (Card DISCONTINUED — see Axis Bank Myntra Credit Card for live co-brand) fee structure.
Key Trade-offs & Considerations
- ⚡ Annual fee of ₹500 + GST (Card DISCONTINUED — see Axis Bank Myntra Credit Card for live co-brand)
- ⚡ Lounge access policy: None
- ⚡ Reward rate: 1% - 1.5% reward points (1 RP/₹100 offline, 1.5 RP/₹100 online); historic 5% on Myntra
Key Benefits & Characteristics
Category Rewards Multiplier Matrix
| Spend Category | Earning Multiplier / Return Rate |
|---|---|
| flight Travel & Flights | 2% to 5% points |
| shopping_cart Online Shopping & SaaS | 1% to 5% cashback |
| storefront Offline Retail Stores | 1% reward points |
| account_balance Government & Tax Pay | 0.5% (Caps apply) |
| house Rent & Wallet Loads | Excluded / 1% surcharge |
receipt_long Fee & Surcharge Breakdown
Detailed Analysis & Review
Community Verdict
[!NOTE] Our Take: The Kotak Myntra Credit Card was Kotak’s original co-brand shopping card for Myntra shoppers, with a flat-tier reward structure of 1 RP per ₹100 offline and 1.5 RP per ₹100 online, alongside a historic 5% off on Myntra platform spends. The card carried no airport-lounge access, no milestone benefits, and a modest ₹500 fee with no publicly documented fee-waiver threshold. As of July 2026, the Kotak Myntra Credit Card has been retired and is not listed on Kotak’s live credit-card catalog — the Myntra co-brand credit-card space has shifted to Axis Bank Myntra Credit Card, which is now the primary Myntra co-brand offering. Existing Kotak Myntra cardholders continue to receive support until card expiry, but new applicants should apply for the Axis Bank Myntra Credit Card directly.
[!IMPORTANT] Card Status Update (July 2026): Kotak Mahindra Bank has discontinued the Kotak Myntra Credit Card. The card is not listed on Kotak’s live credit-card catalog as of July 2026. The information below reflects the documented benefit structure from the card’s active period and is preserved here for reference and for existing cardholders.
Pros
- Simple Flat-Reward Structure: 1 RP per ₹100 offline and 1.5 RP per ₹100 online — predictable returns with no rotating calendar.
- Cash Redemption at ₹0.25/RP: Higher cash value than the standard Kotak Rewards ₹0.10/RP voucher route.
- Historic 5% Off on Myntra: Original marketing claimed a flat 5% off on Myntra platform spends — implemented as Myntra-instant vouchers or credit on most variants.
- Visa Acceptance: Runs on Visa rails, accepted across the vast majority of offline and online merchants in India.
- Free Add-on Cards: Issue add-on cards to family members at no extra cost.
- ₹50,000 Fraud Liability Cover: Lost or stolen card fraud protection up to ₹50,000.
- Low ₹500 Entry Fee: Modest joining/annual fee for a Visa co-brand shopping card.
Cons
- DISCONTINUED — Not Listed on Kotak’s Catalog: As of July 2026, Kotak has retired the Myntra Credit Card — it does not appear on the live credit-card listing.
- No Airport Lounge Access: Zero domestic or international lounge visits — pure shopping card with no travel perks.
- Base Reward Only 1%: 1 RP per ₹100 on offline spends is below the 1.5%-2% base earned on most entry-level Visa cards today.
- No Spend-Based Fee Waiver: The ₹500 annual fee has no publicly documented fee-waiver threshold.
- Cash Redemption at ₹0.25/RP is Below Standard: While higher than voucher-route redemption on most cards, cash value is below HDFC Infinia’s ₹0.30/RP.
- Fuel and Government/Rent Excluded: No reward points on fuel, government or rent transactions.
- ₹99 Redemption Fee: Every redemption request carries a ₹99 + GST charge.
- Myntra Co-Brand Space Shifted: Live Myntra co-brand credit cards are now issued under Axis Bank — Kotak no longer markets a Myntra co-brand SKU.
Reward Spends & Categories
The Kotak Myntra Credit Card delivered a reward yield of 1% - 1.5% reward points on retail spends, with historic 5% off on Myntra:
| Category Spend | Earning Rate / Reward Points |
|---|---|
| 🛍️ Online Shopping | 1.5 Reward Points per ₹100 (1.5% return) |
| 🛒 Offline / Retail Spends | 1 Reward Point per ₹100 (1% return) |
| 👗 Myntra (historic positioning) | Flat 5% off (instant vouchers/credit on most variants) |
| ✈️ Flights & Hotels | 1 Reward Point per ₹100 (1% return) |
| 🍽️ Dining | 1 Reward Point per ₹100 (1% return) |
| ⛽ Fuel Transactions | 0 Reward Points (Historical 1% surcharge waiver, ₹400–₹4,000) |
| 🏛️ Government Spends | 0 Reward Points (Excluded) |
| 🏠 Rent Payments | 0 Reward Points (Rent MCC excluded) |
Reward Point Redemption Value
Redemption channels on the legacy Kotak Myntra delivered a flat value across categories:
- Cash / Statement Credit: 1 Point = ₹0.25
- Brand Vouchers / Mobile Recharge / Air Tickets: 1 Point = ₹0.25
[!IMPORTANT] A redemption fee of ₹99 + GST is charged per redemption request. Reward Points were valid for 36 months from accrual.
Airport Lounge & Travel Perks
This card offered: None.
The Kotak Myntra Credit Card did not include any complimentary airport-lounge access. If you are an existing cardholder seeking lounge benefits or a higher Myntra earn rate, apply for the Axis Bank Myntra Credit Card — the live co-brand successor — which offers accelerated Myntra earn rates plus documented lounge/international perks on certain variants.
Annual Fees & Charges
- Joining Fee: ₹500 + GST
- Annual Fee: ₹500 + GST
- Renewal Fee: ₹500 + GST
- Forex Markup: 3.5% per foreign currency transaction
- Cash Withdrawal Fee: ₹500 per cash advance; 3.5% per month interest
- Card Replacement Fee: ₹100
- Reward Redemption Fee: ₹99 + GST per redemption request
- Add-on Card Fee: ₹0 (free)
- Statement Retrieval Fee: ₹0
- Duplicate PIN Fee: ₹0
Data Verification
- Verification Tier: ARCHIVED_DATA (Card discontinued; data reflects active-period benefits)
- Editorial Feeds: Kotak credit-card listing (kotak.bank.in, July 2026), Finology Select
- Last Status Update: 2026-07-04
For official terms, interest rates, and applications, refer to the Bank Reference Page for the live Kotak credit-card catalog.
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