Kotak Myntra Credit Card Benefits Explained

1. Introduction to the Myntra Kotak Credit Card

The Myntra Kotak Credit Card is a one-stop solution for shoppers looking to maximize their savings and rewards. Packed with exclusive discounts on Myntra purchases, cashbacks on partner brands, and travel perks, this credit card is tailored for a seamless and rewarding shopping experience.

2. Key Reasons to Choose the Kotak Myntra Credit Card

From discounts on every purchase to cashbacks that add up over time, the Kotak Myntra Credit Card offers a range of incentives. Not only does this card let you shop more while spending less, but it also offers access to preferred partner discounts, lounge access, and more.

3. How to Apply for the Kotak Myntra Credit Card

Applying for the Kotak Myntra Credit Card is simple and can be done online. Here’s a quick guide on how to get Myntra Kotak Credit Card in just a few steps:

Visit the official Kotak Mahindra Bank website or use the Kotak mobile app.

Search for the Myntra Kotak Credit Card and click on “Apply.”

Fill in your details and submit the required documents for verification.

Once approved, you’ll receive your Myntra Kotak Credit Card with immediate access to the benefits.

4. Exclusive Benefits of the Kotak Myntra Credit Card

Lounge Access Benefits

As a Myntra Kotak Credit Card holder, you gain complimentary access to domestic airport lounges once per quarter, making travel more comfortable.

Instant Myntra Discounts

One of the most significant perks is the instant discount of 7.5% on Myntra purchases, making it perfect for avid shoppers. With this feature, you can enjoy up to ₹750 off on each transaction, which can significantly add up over time.

5. Cashback and Rewards Program

This credit card goes beyond Myntra-specific perks. Here’s a breakdown of the cashback program:

5% Cashback on Preferred Partners: Shop at Myntra’s partner brands and get 5% cashback, a great benefit for those who frequently purchase from these select partners.

1.25% Cashback on All Other Purchases: For all non-partner transactions, earn a flat 1.25% cashback, applicable across various categories.

6. Kotak Credit Card Offers on Myntra

When it comes to Kotak credit card offers on Myntra, this card truly stands out. With a 7.5% discount applicable on the Myntra app and website, cardholders can enjoy maximum savings on every transaction.

This Myntra Kotak Credit Card offer is especially valuable during shopping seasons, letting you save on each purchase. Whether it’s fashion, accessories, or beauty products, you can use this offer on all Myntra platforms to shop more for less.

7. Other Notable Features of the Kotak Myntra Credit Card

Quarterly Entertainment Perks

Every quarter, enjoy two complimentary movie tickets. This unique Kotak credit card offer on Myntra adds value to your leisure and entertainment expenses, making it a card that supports your lifestyle.

Annual Fee Waiver and Eligibility

For the first year, the joining fee is ₹500. However, if your yearly spending exceeds ₹2 lakh, the annual fee of ₹500 is waived, making it a cost-effective option for regular shoppers.

8. Additional Charges and Fees

It’s essential to understand the charges associated with the Myntra Kotak Credit Card. Here are a few key details:

Interest Charges: Monthly interest is 3.7%, which adds up to an annualized rate of 44.4%.

Late Payment Fees: These fees vary, ranging from ₹100 for dues under ₹500 to ₹1,200 for dues over ₹50,000.

Cash Withdrawal Charges: For cash withdrawals, a fee of 2.5% or ₹500 (whichever is higher) applies.

9. Eligibility Criteria for the Kotak Myntra Credit Card

To be eligible for the Kotak Myntra Credit Card, you should meet the following criteria:

• Age Requirement: The primary cardholder must be between 21-65 years old, and add-on cardholders must be at least 21.

• Residency: Applicants must be residents of India.

10. How to Make the Most of Your Kotak Myntra Credit Card​

To maximize your card’s benefits:

• Use the 7.5% discount on every Myntra purchase.

• Prioritize purchases with preferred partners to enjoy 5% cashback.

• Use the complimentary lounge access on domestic travel.

• Leverage UPI on the RuPay network to earn cashback on transactions.

Conclusion

The Myntra Kotak Credit Card is a versatile card with a host of benefits, from instant discounts on Myntra to cashback on preferred partners, airport lounge access, and quarterly movie tickets. It’s a smart choice for anyone who shops on Myntra or wants a card that offers multiple lifestyle benefits. With low fees and a variety of cashback offers, this card makes it easy to earn while you spend. From exclusive Kotak Myntra credit card offers to cashback on everyday purchases, it brings value to every transaction.

FAQs

How do I apply for the Myntra Kotak Credit Card?

You can apply directly through Kotak’s website or mobile app.

What is the main Myntra Kotak Credit Card offer?

A 7.5% discount on all Myntra purchases, capped at ₹750 per transaction.

Is there a cash back option for non-partner purchases?

Yes, you can earn 1.25% cashback on all non-partner purchases.

Find the Best Credit Card for your spending habits. Explore top credit cards and maximize your rewards.

See Your Matches

Get a Personal Loan that fits your needs. Apply for loans from Rs 1000 to Rs 15 Lakhs with competitive rates.

Check Your Eligibility Now

Author - Abhishek Sonawane

Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.