Synopsis- In a transfer by Kotak Mahindra Financial institution to consolidate and convey all its credit score underneath the identical umbrella and improve price effectiveness, the financial institution has introduced to discontinue its Myntra Kotak Credit score Card ranging from 10 July 2025. Current cardholders will probably be migrating to the Kotak League Platinum Credit score Card. With this, the financial institution is attempting to attain its broader objective of consolidating choices and shifting customers towards a extra versatile, premium-tier card.
Kotak Mahindra has introduced the cancellation of the Myntra Credit score Card efficient earlier than July 10. Consumers should act shortly to know the modifications and safe their advantages. This was a co-branded monetary product launched by Kotak Mahindra Financial institution in partnership with Myntra, geared toward fashion-conscious buyers searching for worth and rewards.
Purpose to Discontinue Myntra Credit score Card
1) Product Streamlining: As there are many specialised co-branded playing cards obtainable out there, Kotak is planning to streamline its merchandise, and as only some people use the Myntra card, Kotak plans to maneuver these customers to a extra premium card of theirs with related providers and a few added options as properly.
2) Regulating the Reward Construction: As there are different higher playing cards by the financial institution, such because the League Platinum Card, which affords related and higher providers however at a barely increased price, Kotak needed to manage the rewards on utility invoice factors, gasoline rewards, and pockets top-ups extra strictly. Transferring the Myntra card customers to the League Platinum card would enable the financial institution to manage the rewards higher.
3) Elevated Competitions : With a lot of the top-tier Indian banks offering co-branded bank cards similar to Axis Flipkart, ICICI Amazon, HDFC Swiggy, and many others., the Kotak Myntra had a lesser variety of customers, therefore the banks plan on shifting to a common and extra lifestyle-based strategy.
The Advantages are getting Discontinued Together with the Credit score Card
- Myntra Card particular advantages: 7.5% on the spot low cost will now not be given on the Myntra card or the companion portals, nor the cashback or the reward construction will probably be obtainable from 10 July 2025.
- Discontinued Normal Rewards: Spending on utilities, gasoline above ₹4,000/month, pockets recharges, training, and on-line gaming now not earn reward factors
- Downgrade and modifications in options: The Longue entry on the Myntra card could not exist equally within the League Platinum card, as it’ll depend upon the variant. Moreover, and becoming a member of bonus on the Myntra card will now not exist.
- Good points from the Kotak League Platinum: The Kotak League Platinum card is a extra universally relevant card with options similar to
- 8 reward factors per ₹150 spent on common purchases
- Gas surcharge waiver: 1% capped at ₹3,500/yr
- Railway surcharge waiver: As much as ₹500/yr
- Milestone rewards: Spend ₹1.25 lakh in 6 months to obtain both 4 PVR film tickets or 10,000 reward factors
- Welcome bonus: On a fee-based variant, get 5,000 bonus factors, which is equal to ₹500.
Additionally learn: These Are the Finest Axis Financial institution Credit score Playing cards in 2025 – Are You Utilizing One in all Them?
Timeline & Transition Course of
- June 1, 2025: Kotak launched new phrases–no rewards on the classes listed above.
- July 10, 2025: Myntra Kotak Card ceases to exist; migration to Kotak League begins.
- Submit-migration: Further advantages tied to Myntra purchases will finish instantly; you’re billing and spend historical past will proceed underneath the brand new card.
Ideas for the Current Cardholders
- Overview League Platinum Card Providers: Verify for charges, reward charges, milestone situations, and particularly annual costs, as you will need to know will the migration will carry you an LTF (Lifetime Free) on annual costs or not.
- Updating EMI card particulars: In case your Myntra card was used to pay any type of EMIs on auto loans or in any other case, it’s required to interchange it with a brand new bank card, such because the League Platinum card.
- Budgeting: To maximise worth, strategize round common purchases, gasoline bills inside ₹4,000/month, and milestone targets.
- Going by Alternate options: If myntra purchasing advantages have been a precedence, then you’ll be able to go for the alternate card, similar to Axis Flipkart or HDFC Swiggy, who present related advantages whereas purchasing at Myntra.
- Negotiate with Kotak: Some customers report receiving LTF variants (e.g., Zen bank card) upon request post-migration. Name Kotak’s assist, clarify your loyalty, and request a payment waiver if .
The Backside Line
Kotak Mahindra Financial institution’s discontinuation of the Myntra Kotak Credit score Card displays the shift the financial institution is planning in direction of a extra simplified rewards and broader applicability strategy by selling its different bank cards, such because the Kotak League Platinum Card. However with a migration to a different card, the prevailing customers will lose the perks and advantages that have been particularly designed for the Kotak Myntra card, however on the brighter facet, now they are going to be serviced with extra balanced credit score providers that embrace life-style, gasoline, and journey advantages. Moreover, don’t neglect to replace your card information for auto-billings, and no less than as soon as, strive reaching out to Kotak for potential payment waivers or LTF variations on any of their alternate card pre-migration.
Written by Adithya Menon
