Online shoppers across India have long enjoyed a flat 7.5% instant discount (up to ₹750 per transaction) on Myntra when they pay with the Kotak Myntra Credit Card. Recently, Kotak Mahindra Bank announced that this co-branded card will be discontinued, effective July 10, 2025. All existing cardholders will be migrated to another Kotak credit-card variant, such as the Zen Credit Card or League Credit Card.
Like me, all of you were also waiting for the new Kotak Myntra Credit Card application. But Kotak Mahindra Bank has also shocked the old users by announcing the discontinuation of this credit card.
In April 2024, the RBI temporarily banned Kotak Mahindra Bank from issuing new cards due to many concerns. Those restrictions were lifted in February 2025.
After the discontinuation announcement, Many credit card holders of Kotak Mahindra Bank are going to be left behind, and their entire retail credit card portfolio is going to be reduced as in my opinion.
Why is Kotak Mahindra ending the Myntra Co‑Brand credit card?
Kotak Mahindra Bank has not yet announced any reason for discontinuing this card, so we cannot say anything for sure. After the devaluation of many popular cobranded credit cards, we were thinking that this card would also be devalued, but we did not expect that Kotak Mahindra Bank will discontinue the Mynta credit card completely.
Many bank credit cards have already started giving cashback of up to 7.50 percent on Myntra Shopping. For this reason, we also doubted that Kotak Mahindra Bank could devalue this card.
Several rival cards now offer similar or better Myntra Shopping benefits. For example, the Axis Bank Flipkart Card provides 7.5% cashback on Myntra, and other lifestyle cards from HDFC and SBI also compete aggressively in the e‑commerce space.
What Happens with Existing Cardholders?
You can migrate your credit card before July 10. Many users have received emails from Kotak Mahindra Bank regarding devaluation and card migration. Kotak Mahindra Bank is offering migration offers on its Kotak Zen & League Credit Card.
Kotak Zen and League Platinum cards come as a basic credit card option. These cards do not match the offers of the Kotak Myntra Credit Card at all
If you used this card for shopping at Myntra, then your migration will not be of any benefit. These two cards are in no way comparable to this card. Other banks’ cards will give you better benefits than this.
If you do not want to migrate your Kotak Myntra credit card, you can also request to close this card.
Should You Switch to Another Card?
If you want an alternative to the Kotak Myntra Credit Card.If you always shop at Myntra.So you can consider these credit cards, which are very good credit cards that will give you a very good benefit in shopping at Myntra.
- Axis Bank Flipkart CreditCard– This card offers 7.5% cashback on Myntra with a capping of ₹4000 per quarter(statement quarter). which makes it the best alternative to the Kotak Myntra credit card. Apply Link
- SBI Cashback Creditcard – this is one of the best credit card that provide 5% real cashback across all shopping websites with a monthly capping of ₹5000 per month(statement cycle). Apply Link
- HDFC Swiggy CreditCard – this card provides 5% cashback on top brands, including Myntra, with a cap of ₹1500 per month(statement cycle). Apply Link
- HDFC Millennia Credit Card –This credit card also provides 5% cashback on top brands, including Myntra, with a cap of ₹1000 cashpoint per month(statement cycle). Apply Link
Conclusion
Because there has been no devolution directly, Kotak Mahindra Credit Card has been discontinued; that is why we have been deprived of the discount on Mantra.
Because we cannot do anything about this discontinuation of the card by Kotak Mahindra Bank, if we are existing card users, then we have to switch to a new card(Kotak Zen and League card) or close our card It totally depends on you.
According to me, the Flipkart Axis Bank Credit Card is a very good alternative to the Kotak Myntra credit card, which provides 7.5% cashback on Myntra.
Frequently Asked Questions (FAQ)
Is the Kotak Myntra Credit Card being discontinued?
Yes. Kotak Mahindra Bank has officially announced that the Kotak Myntra Credit Card will be discontinued from 10th July 2025. After this date, the card will no longer offer Myntra-related benefits and will be converted to another Kotak credit card variant as per your decision.
What will happen to my current Kotak Myntra Credit Card?
You can migrate to a different Kotak credit card—likely the Kotak Zen Credit Card or another suitable card. With the same annual fee and credit limit.
Will I lose my Myntra discount benefits?
Yes. The popular 7.5% instant discount on Myntra (up to ₹750 per transaction) will be completely stopped after 10th July 2025. Other partner offers and milestone rewards linked to Myntra will also end.
For Migration, do I need to apply again or do any paperwork?
No. The migration process is fully automatic. You don’t need to submit fresh documents or go through KYC again. Kotak will inform you through email or SMS before the migration happens.
Can I keep using my Myntra card after 10th July?
No, you cannot use this credit card, but you will receive a new Kotak card (e.g., Zen or League Platinum)after migration, not as a Myntra co-branded card. Myntra benefits will no longer apply.
What will happen to my unredeemed cashback or vouchers?
Any unredeemed Myntra vouchers, coupons, or cashback linked to the Kotak Myntra Credit Card must be used before 10th July 2025. After that, they will expire and cannot be reclaimed.
Can I cancel the card instead of migrating?
Yes. If you don’t wish to continue with the new card, you can close your Kotak Myntra Credit Card account. There will be no closure penalty.
Which other credit card is good for Myntra shopping?
Axis Bank Flipkart Credit Card provides 7.5% cashback on Myntra is a good alternative
Will my annual fee change after migration?
No. Kotak will keep the same annual fee of ₹500 + GST when migrating your card. But the benefits will change, so check the features of the new card before migrating.
How do I know which card I’m being migrated to?
Kotak will send a detailed message via SMS or email mentioning the new card type, benefits, and terms before the migration.
Tell us your thoughts about the discontinuation of the Myntra cobranded credit card. We would love to hear your questions and suggestions. You can also contact us by filling form.
Hi, I’m Karan Gera, a content writer at LetsMakeAsset.com. I write about credit cards, loans, and finance. I enjoy sharing clear and simple information so that everyone can learn more about these topics. Writing is something I truly love.
