Myntra Kotak Credit Card
Joining Fee: ₹500 + GST
Annual Fee: ₹500 + GST
Reward Type: Instant Discount & Cashback
Welcome Offer:
Myntra Voucher: Receive a Myntra voucher worth Rs. 500 upon making a transaction of Rs. 500 or more within the first 30 days of card issuance. This voucher is sent via SMS or email and can be redeemed for discounts on Myntra purchases.
Rewards Program:
Myntra Spends: Enjoy an instant 7.5% discount on all purchases made on Myntra’s website or app. The discount is capped at Rs. 750 per transaction, allowing frequent shoppers to save on every purchase.
Preferred Partners Cashback: Earn 5% cashback on transactions with partner brands like Swiggy, Swiggy Instamart, Cleartrip, Urban Company, and PVR. Cashback is capped at Rs. 1,000 per month, providing steady savings on food, travel, and entertainment.
Base Cashback: Get 1.25% cashback on all other spends, whether online or offline. However, transactions like wallet reloads, rent, fuel, and EMI conversions are excluded from earning cashback. UPI transactions of Rs. 2,000 or more are eligible for this base cashback rate.
Milestone Benefits:
Complimentary PVR Tickets: Earn 2 complimentary PVR movie tickets, each worth Rs. 250, when you spend Rs. 50,000 or more in a calendar quarter. These tickets provide an additional reward for high spenders, giving entertainment benefits every quarter.
Reward Redemption:
Automatic Cashback: The cashback you earn on all transactions is automatically credited to your credit card statement, simplifying the redemption process. There is no need for manual redemption, ensuring that your savings are applied seamlessly.
Travel Benefits:
Domestic Lounge Access: Enjoy 1 complimentary domestic lounge access per quarter, providing comfort during travel. Lounge access includes amenities like comfortable seating, gourmet meals, free Wi-Fi, and entertainment options like widescreen TVs, enhancing your airport experience.
Fuel Surcharge Waiver:
1% Surcharge Waiver: Get a 1% waiver on fuel surcharge for transactions between Rs. 500 and Rs. 3,000, with a maximum benefit of Rs. 3,500 per year. Although fuel spends do not earn cashback, this waiver helps you save on your fuel costs.
Additional Perks:
Myntra Insider Membership: Enjoy a complimentary membership to the Myntra Insider Program, offering exclusive benefits such as early access to Myntra sales, free shipping on orders, and special discounts. To maintain your Insider tier status, spend at least Rs. 7,000 and place 5 orders per year on Myntra.
Exclusive Dining & Movie Benefits: In addition to Myntra and partner brand rewards, users also enjoy dining discounts through Swiggy and cashback on popular services like Urban Company, giving a well-rounded benefit package.
Summary
The Myntra Kotak Credit Card is perfect for fashion enthusiasts, offering a Rs. 500 Myntra voucher as a welcome gift upon spending Rs. 500 within 30 days. It provides complimentary Myntra Insider membership, 1 domestic lounge access per quarter, and 2 free PVR movie tickets quarterly when you spend Rs. 50,000. The card offers a 7.5% instant discount on Myntra, 5% cashback on partners like Swiggy and Cleartrip, and 1.25% cashback on other spends, with exclusions for fuel, wallet reloads, and EMIs. The annual fee of Rs. 500 is waived on spending Rs. 2 Lakhs yearly. The card also includes a 1% fuel surcharge waiver.