Shopping online? This credit card offers 7.5% discounts on each transaction on Myntra, 5% cashback on Swiggy, PVR, Cleartrip

Kotak Mahindra Bank has joined hands with Myntra to launch a co-branded credit card that comes with a host of benefits. If you shop online frequently, these offers may come in handy to you.

It offers an instant discount of 7.5 per cent instant discount, up to Rs 750 on every transaction. Customers can get this discount on all transactions done on mobile apps and websites, the bank said in a release on June 1, 2023.

Moreover, customers can get cashback of 5 per cent on all spending across preferred partners including Swiggy, Swiggy Instamart, PVR, Cleartrip, and Urban Company. Users can also get a maximum cashback of Rs 1,000 per billing cycle across spends done on select partner merchants, according to the Kotak Mahindra Bank website. It will be credited back to the card statement, the bank said.

Customers can also earn unlimited cashback of 1.25 per cent on spending across all other offline and online merchants.

Do note that cashback will not apply to rent, spending across wallet, and fuel. Do remember that the cashback will not be applicable to EMI transactions. UPI on credit card transactions will not accrue cashback for transactions less than Rs 2,000.

Customers will get complimentary access to Myntra Insider. You will get a Myntra Voucher worth Rs 500 once you activate this Myntra x Kotak Credit Card, the bank said.

The joining fee and annual fee for this credit card have been set at Rs 500.