Kotak Myntra Credit Card Review

Shopping card with lounge access

The Kotak Myntra has a ₹500 annual fee + GST, waived on ₹2,00,000 annual spend. It earns 1.25% back on regular spends and up to 5% on Preferred Partners, with 4 domestic airport lounge visits a year. Best for: myntra and lifestyle-app shopping — our verdict: recommended.

Vyaya Team · Jun 2026

5 min read

Value Score

9.0 / 10

Annual Fee

₹500

Best For

Myntra and lifestyle shopper, Online cashback seeker

Network

Mastercard

Expert Verdict

The Kotak Myntra card delivers genuine value for Myntra and lifestyle-app shoppers through a 7.5% instant Myntra discount and 5% partner cashback, with cashback valued at a full 1.0/point and a low Rs.500 waivable fee. The 1,000-point monthly partner cap and 3.5% forex markup are the main constraints.

KOTAK MAHINDRA BANKMastercard

Kotak Myntra

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REWARD SUMMARY

1.25% Base Rewards
Shopping card with lounge access

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The Bottom Line

The Kotak Myntra is built for myntra and lifestyle shopper and online cashback seeker. With a ₹500 annual fee that is waived on ₹2,00,000 yearly spend, it offers 1.25% rewards on myntra (shopping) and a welcome benefit worth ₹500. It makes the most sense if your spending matches myntra and lifestyle shopper and online cashback seeker.

It earns a base reward rate of 1.25% and stacks best when your spending lines up with Myntra and lifestyle shopper, Online cashback seeker. The renewal fee gets easier to justify once you can hit ₹2,00,000 in yearly spend.

What we like

+Instant 7.5% discount at checkout on Myntra purchases (reported cap Rs.750/transaction), excellent for regular Myntra shoppers

+5% cashback (5 points per Rs.100 at 1.0/point) on preferred partners Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company, up to a 1,000-point/month cap

+1.25% base cashback on other spends with cashback valued at a full 1.0/point

+Low Rs.500 joining/annual fee, waived on annual spends of Rs.2,00,000

+4 complimentary domestic lounge visits plus quarterly PVR tickets on Rs.50,000/quarter spend

What we don't

–Partner 5% cashback is capped at 1,000 points (Rs.1,000) per month

–High 3.5% forex markup with no international lounge access

–Rent, fuel, wallet loads, cash advances and EMI transactions earn no cashback

–Cashback already earned is reversed if a purchase is later converted to EMI

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal

Myntra and lifestyle shopper

Frequent Myntra buyers who also use Swiggy, PVR, Cleartrip or Urban Company can stack 7.5% Myntra discounts with 5% partner cashback.

Online cashback seeker

Those wanting straightforward 1.25% base cashback plus 4 domestic lounges at a low waivable fee.

Probably not for

Skip

–

International traveller

The 3.5% forex markup and lack of international lounge access undercut overseas value.

–

Rent or fuel-heavy spender

These categories earn no cashback, and EMI conversion reverses earned cashback.

Is It Worth It For You?

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Calculate Your Value

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Reward Rates

Kotak Myntra offers 1.25% basic reward rate.

Quick Calculator

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Where

Amount

₹

Myntra (Shopping)

1.25%

Preferred Partners (Swiggy, Swiggy Instamart, PVR, Cleartrip, Urban Company) (Other)

Welcome Offer

Welcome Benefit

Myntra e-gift voucher worth Rs.500 on completing a transaction of Rs.500 or more within 30 days of card issuance. Some sources also mention a Rs.500 Myntra voucher on card activation.

Value: ₹500

Milestone Benefits

Spend ₹50,000Value: ₹500

On quarterly spends of Rs.50,000, get complimentary movie tickets (reported as 2 complimentary PVR tickets, ~Rs.250 each) per quarter.

Spend ₹2,00,000

Annual fee of Rs.500 waived on annual spends of Rs.2,00,000 in the previous year.

Fees & Charges

Joining fee₹500

Annual fee₹500

Fee waiverSpend > ₹2,00,000

Eligibility

Min Credit Score: 750
Discontinued from July 10, 2025; was age 18-65; annual fee Rs 500 waived on Rs 2,00,000 spend; cardholders migrated to Kotak League Platinum/Zen.

Exclusions & Terms

Forex markup

Foreign currency markup

EMI transactions

Does not earn cashback.

Post Purchase EMI

Does not earn cashback; cashback already credited is reversed on EMI conversion.

Cash advances

Does not earn cashback.

Frequently Asked Questions

8 data-backed answers from our card database

What is the annual fee of the Kotak Myntra credit card?+

The Kotak Myntra has a ₹500 annual fee + GST, waived on ₹2,00,000 annual spend.

What rewards does the Kotak Myntra credit card give?+

It earns 1.25 Cashback per ₹100 spent (about 1.25% back), and up to 5% on Preferred Partners.

Does the Kotak Myntra credit card offer airport lounge access?+

Yes — 4 domestic airport lounge visits a year. Check the card's terms for any spend condition before your trip.

What is the eligibility for the Kotak Myntra credit card?+

a credit score of 750+. Discontinued from July 10, 2025; was age 18-65; annual fee Rs 500 waived on Rs 2,00,000 spend; cardholders migrated to Kotak League Platinum/Zen.

What is the forex markup on the Kotak Myntra?+

3.5% + GST on international transactions.

What is the welcome benefit on the Kotak Myntra?+

Myntra e-gift voucher worth Rs.500 on completing a transaction of Rs.500 or more within 30 days of card issuance. Some sources also mention a Rs.500 Myntra voucher on card activation.

How can I get the Kotak Myntra annual fee waived?+

Spend ₹2,00,000 or more in a card year and the ₹500 renewal fee is waived.

Is the Kotak Myntra credit card worth it?+

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