Documents Required for Credit Card Offers on Myntra

When considering a credit card for your Myntra purchases, it's essential to understand the associated fees and charges. While specific details may vary depending on the issuing bank and card type, here's a general overview of the costs you can expect:

Myntra, a prominent online fashion retailer in India, has joined forces with several banks to provide exclusive credit card offers that elevate the shopping experience for fashion enthusiasts. These credit cards not only offer discounts and cashbacks on Myntra purchases but also reward points on other expenditures, making them an invaluable tool for frequent shoppers.

The partnership between Myntra and banks such as Kotak Mahindra, HDFC, and ICICI has resulted in a diverse range of credit cards tailored to suit the varied shopping needs of Indian consumers. By utilising these credit cards, shoppers can enjoy a host of benefits while indulging in their passion for fashion on Myntra.

Using a credit card on Myntra can unlock a plethora of advantages, including instant discounts, cashbacks, and reward points. The following table highlights the key features and benefits of some popular credit cards offered in partnership with Myntra:

Note: Please note that the above details are updated as on 23-May 2025 and these percentages can vary.

Credit cards offered in partnership with Myntra often provide no-cost EMI options, allowing shoppers to spread the cost of their purchases over several months without incurring additional interest charges. This feature is particularly beneficial for high-value items, enabling consumers to shop without straining their monthly budgets.

Furthermore, instant EMI options are also available, making it convenient for shoppers to convert their purchases into EMIs at the time of checkout. This provides flexibility and financial ease during shopping sprees on Myntra, allowing customers to manage their expenses more effectively.

When considering the option of converting your Myntra purchases into EMIs using your credit card, it's crucial to understand the interest rates offered by various credit card providers. The EMI interest rates can vary significantly between different banks and card types, which can have a notable impact on the total cost of your purchase over time.

Here's a table comparing the typical EMI interest rates and key features of some major credit card providers in India:

Note: Please note that the above details are updated as on 23-May 2025 and these interest rates can vary. It's always advisable to check with the respective bank for the most accurate and up-to-date information on EMI interest rates and associated fees.

While converting your Myntra purchases into EMIs using your credit card may seem like a convenient option, it's essential to consider the following factors before making a decision:

• Interest Charges: EMI conversions often come with additional interest charges, which can increase the overall cost of your purchase. Evaluate whether the convenience of spreading out payments justifies the extra interest expense.
• Processing Fees: Many banks charge a processing fee for converting transactions into EMIs. This fee is usually a percentage of the total transaction amount and can add to your overall costs.
• Impact on Credit Score: Missing EMI payments or defaulting on them can have a negative impact on your credit score. Ensure that you can comfortably afford the monthly installments before opting for EMI conversions.
• Late Payment Fees: If you fail to make EMI payments on time, you may incur late payment fees, further increasing your debt burden.
• Budgeting: Carefully assess your budget and financial capabilities before committing to EMI payments. Make sure that the monthly installments fit within your overall financial plan.
• Hidden Charges: Read the fine print and be aware of any hidden charges or penalties associated with EMI conversions to avoid any surprises later on.