The Kotak Myntra Credit Card, a co-branded card by Kotak Mahindra Bank and Myntra, is being discontinued effective 10 July 2025. This card offered 7.5% cashback on Myntra, one of the highest in the market, along with accelerated savings on other popular brands.
While Kotak Mahindra Bank suggests cards like Kotak League Platinum or Kotak Zen Signature as replacements, neither provides substantial savings on Myntra.
If you want to continue enjoying discounts on Myntra, you will need to explore alternative credit cards. Here we share options that can help you continue saving on fashion and online shopping.
Best Alternatives for Myntra Savings
- Annual Fee: Rs. 2,500 + taxes (waived on Rs. 4 lakh annual spends)
- Myntra Savings: Up to 8.66%
- How It Works:
- Earns 20 reward points per Rs. 150 spent on Myntra, Nykaa, Marks & Spencer, and Reliance Digital
- Reward points can be redeemed against travel bookings, statement credit, or products from the “Gold Catalogue”
- Maximum value-back is achieved by redeeming points via Gold Catalogue (1 reward point = Rs. 0.65)
- Annual Fee: Rs. 500 + taxes (waived on Rs. 3.5 lakh annual spends)
- Myntra Savings: 7.5%
- How It Works:
- Offers direct cashback on Myntra, making rewards simple to use
- Ideal for low-fee, direct cashback without redemption hassle
- Cashback cap up to Rs. 4,000 per quarter
- Annual Fee: Rs. 1,000 + taxes (waived on Rs. 1 lakh annual spends)
- Myntra Savings: Up to 5%
- How It Works:
- Provides 5% cash points on Myntra, Amazon, Swiggy, Flipkart, Sony LIV, Tata CLiQ, Uber, Zomato, BookMyShow, and cult.fit
- Cash points are capped at 1,000 points per month
- Points can be redeemed as 1:1 cashback or lower value for other redemptions (1 point = Rs. 0.30)
- Annual Fee: Rs. 500 + taxes (waived on Rs. 1 lakh annual spends)
- Myntra Savings: 5%
- How It Works:
- Choose accelerated cashback packs; Fashion pack includes Myntra and Nykaa
- 5% cashback in the selected pack
- Combined cap of 500 points per month
- Annual Fee: Rs. 499 + taxes (waived on Rs. 1 lakh annual spends)
- Myntra Savings: 2.5%
- How It Works:
- 10 reward points per Rs. 100 spent on Myntra, BookMyShow, Yatra, Apollo24X7, Dominos, IGP, Netmeds, and Cleartrip
- High reward point cap (10,000 per month)
- Effective value-back is 2.5% due to redemption ratio of 4:1
- Good choice for low spenders or users looking for low annual fee
Other Cards for Online Shopping Beyond Myntra
In addition to Myntra-specific savings, some cards offer accelerated rewards on all online purchases, which can also help for Myntra spends.
How to Choose the Right Replacement
When selecting an alternative for Myntra savings:
- Check accelerated cashback categories and see if Myntra is included
- Consider annual fee vs. potential savings
- Look at capping and redemption options
- Choose cards that match your shopping habits and online spending patterns
For frequent Myntra shoppers, HDFC Regalia Gold or Flipkart Axis Bank Credit Card can give high savings. If you want low-fee, general online cashback, SBI SimplyCLICK, YES Bank PaisaSave, or Swiggy HDFC Bank Credit Card can also help.
Conclusion
The discontinuation of Kotak Myntra Credit Card may feel like a loss, but several alternatives allow you to continue earning rewards on Myntra spends. Choosing the right card depends on your spending patterns, annual fee preference, and cashback vs. reward points preference.
By picking the card that aligns with your shopping behavior, you can continue to enjoy high value-back on Myntra and other online platforms.