Kotak Mahindra Bank Myntra Kotak vs Flipkart Axis Bank
Side-by-side for the example profile – edit spend and travel needs to make it yours.
Myntra Kotak vs Flipkart Axis Bank (Sept 2026): for the standard ₹32k/month profile Kotak Mahindra Bank Myntra Kotak wins on score (70/100, ₹7,623 recurring net savings a year) vs Flipkart Axis Bank 55/100 (₹3,708). Cheapest to hold: Myntra Kotak (₹590 incl. GST). Edit the spend on this page to re-score for yours.
Recommendation for Typical Indian cardholder (₹32k/month)
Kotak Mahindra Bank Myntra Kotak scores highest (70/100) with ₹7,623 recurring net savings a year.
Edit your spend and travel needs above – scores, savings and this verdict update instantly.
Standard profile
Scored for Typical Indian cardholder · ₹32k/monthBills paid in full · first-year offers shown separately · set up your profile to score cards for your own spend
| Card | ||
|---|---|---|
| Overview | ||
| Personal score | 70/100 BEST | 55/100 |
| Recurring net savings | ₹7,623/yr BEST | ₹3,708/yr |
| Effective savings rate | 2.3% BEST | 1.1% |
| Annual fee incl. GST | Waived | You pay ₹590 |
| Usable lounge visits | ✈4 dom you can use 2 | ✈4 dom you can use 2 |
| Why it fits | ✓ Base rate 1.25% on other spends earns you about ₹2,823 a year on… | ✓ 1% on other spends earns you about ₹2,006 a year on ₹2,00,640 of spend. |
| Main drawback | ! Not a RuPay card – your UPI QR spends cannot go on it. | ! You pay the ₹590 annual fee (incl. GST) – waiver needs ₹3,50,000 spend. |
| How the net figure adds up | ||
| + Reward value on your spend | ₹3,663 at ₹1/Cashback | ₹3,938 at ₹1/Cashback BEST |
| + Milestone bonuses you reach | ₹3,600 1 of 1 achieved BEST | none |
| + Fuel surcharge waiver | ₹360 | ₹360 |
| + Lifestyle benefits you asked for | none matched | none matched |
| + Renewal bonus (only when the fee is charged) | — | — |
| − Annual fee incl. 18% GST | ₹0 waived at ₹2,00,000 spend BEST | −₹590 |
| − Forex markup on international spend | none | none |
| = Recurring net savings | ₹7,623/yr BEST | ₹3,708/yr |
| ÷ Card spend counted | ₹3,26,640 UPI-only rupees excluded on non-RuPay cards | ₹3,26,640 UPI-only rupees excluded on non-RuPay cards |
| = Effective savings rate | 2.3% BEST | 1.1% |
| Rewards on your spend | ||
| Groceries & quick-commerce (₹72,000/yr) | ₹540 0.8% BEST | ₹432 0.6% |
| Dining & food delivery (₹48,000/yr) | ₹1,158 2.4% BEST | ₹926 1.9% |
| Online shopping (₹72,000/yr) | ₹900 1.3% | ₹1,728 2.4% BEST |
| Fuel (₹36,000/yr) | ₹0 0.0% | ₹0 0.0% |
| Cabs & commute (₹18,000/yr) | ₹135 0.8% BEST | ₹108 0.6% |
| Bills & utilities (₹30,000/yr) | ₹0 0.0% | ₹0 0.0% |
| Flights (₹24,000/yr) | ₹300 1.3% BEST | ₹240 1.0% |
| Hotels (₹12,000/yr) | ₹150 1.3% BEST | ₹120 1.0% |
| Movies & OTT (₹9,600/yr) | ₹120 1.3% BEST | ₹96 1.0% |
| Insurance premiums (₹18,000/yr) | ₹0 0.0% | ₹0 0.0% |
| Everything else (₹48,000/yr) | ₹360 0.8% BEST | ₹288 0.6% |
| Base earn rate | 1.25% BEST | 1% |
| Accelerated categories | 2 rules
| 3 rules
|
| Excluded categories | fuel, rent, utilities, insurance, education | fuel, rent, insurance, education, utilities |
| Caps hit for your spend | None | None |
| Milestones |
| None |
| UPI rewards (RuPay) | Not UPI-enabled | Not UPI-enabled |
| Fees & first year | ||
| Joining fee | ₹500 + GST | ₹500 + GST |
| Fee waiver | On ₹2,00,000 annual spend | On ₹3,50,000 annual spend |
| Renewal benefit | None | None |
| Welcome benefit (first year only) | Complimentary Myntra Insider + ₹500 voucher ≈ ₹450 | ₹500 Flipkart voucher + Swiggy/Uber offers ≈ ₹450 |
| First-year value (separate) | ₹7,483 BEST | ₹4,158 |
| Travel | ||
| Domestic lounge entitlement | 4 per year | 4 per year |
| International lounge entitlement | None | None |
| Lounge condition | ₹50,000 per quarter – you qualify | ₹50,000 per quarter – you qualify |
| Forex markup | 3.5% | 3.5% |
| Redemption & simplicity | ||
| Reward currency | Cashback · ₹1/unit | Cashback · ₹1/unit |
| How to redeem | DetailsInstant discount on Myntra; other cashback credited to statement. | DetailsAuto-credited to statement within 45 days. |
| Redemption flexibility | ★★★★★ | ★★★★★ |
| Simplicity | ★★★★☆ | ★★★★★ BEST |
| Lifestyle | ||
| Benefits you asked for | fuel waiver | fuel waiver |
| All lifestyle perks | fuel waiver | fuel waiver |
| Eligibility | Income ₹3L+/yr | Income ₹3L+/yr |
| Score breakdown | ||
| Net savings rate | 47/100 × 55% = 26.0 | 23/100 × 55% = 12.7 |
| Usable lounge access | 100/100 × 15% = 15.0 | 100/100 × 15% = 15.0 |
| Redemption flexibility | 100/100 × 10% = 10.0 | 100/100 × 10% = 10.0 |
| Lifestyle fit | 100/100 × 10% = 10.0 | 100/100 × 10% = 10.0 |
| Simplicity | 80/100 × 5% = 4.0 | 100/100 × 5% = 5.0 |
| Fee safety | 100/100 × 5% = 5.0 | 56/100 × 5% = 2.8 |
| Sources | ||
| Official source | Kotak Mahindra Bank – Myntra Kotak Credit Card | Axis Bank – Flipkart Axis Bank Credit Card |
| Last reviewed | 2026-09-12 | 2026-09-12 |
Frequently asked questions
Which is better: Myntra Kotak or Flipkart Axis Bank?
For the example profile, Kotak Mahindra Bank Myntra Kotak scores highest (70/100, ₹7,623 recurring net savings). The answer changes with your spend mix, lounge needs and fee comfort – edit the profile on this page.
Which has the lower annual fee?
Myntra Kotak: ₹590 incl. GST; Flipkart Axis Bank: ₹590 incl. GST.