Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
HDFC Millennia Credit Card vs Myntra Kotak Credit Card for ₹100,000 Monthly Spend
Comparing HDFC Millennia Credit Card vs Myntra Kotak Credit Card at ₹100,000/month. Myntra Kotak Credit Card wins, delivering ₹40,050 net annual value (3.34% ROI) vs ₹15,840 for HDFC Millennia Credit Card.
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₹1,00,000(₹12,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,00,000/mo+ ₹24,210/yr Higher Value
Myntra Kotak Credit Card
Delivers ₹40,050 net annual returns (3.34% ROI) vs ₹15,840 on HDFC Millennia Credit Card.
Card A
HDFC Millennia Credit Card
HDFC Bank
₹15,840Net Annual Benefit
Gross Rewards:₹15,840/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.32%
Fee Waiver Progress (1L target):100%
⚠️ Hits monthly cashback caps: -₹21,000/yr lost
Card B
Myntra Kotak Credit Card
Kotak Mahindra Bank
₹40,050Net Annual Benefit
Gross Rewards:₹40,050/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:3.34%
Fee Waiver Progress (2L target):100%
⚠️ Hits monthly cashback caps: -₹4,500/yr lost
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹600/year Extra YieldPair Myntra Kotak Credit Card + Airtel Axis Bank Credit Card
Pair Myntra Kotak Credit Card with Airtel Axis Bank Credit Card to capture up to ₹600/yr extra on zero-reward categories.
Routes excluded categories:Amazon, Flipkart & Myntra Shopping (Excess Spends)
Detailed 12-Category Rupee Breakdown (@ ₹1,00,000/mo)
| Spend Category | Monthly Spend | HDFC Millennia Credit Card | Myntra Kotak Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹25,000/mo | ₹400 (Capped) | ₹1,500 (Capped) |
| Scan & Pay Merchant UPI | ₹15,000/mo | ₹150 (1%) | ₹188 (1.25%) |
| Electricity, Water, Gas & Broadband Bills | ₹12,000/mo | ₹120 (1%) | ₹150 (1.25%) |
| Swiggy, Zomato & Dining Out | ₹12,000/mo | ₹240 (Capped) | ₹600 (5%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹10,000/mo | ₹200 (Capped) | ₹500 (5%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver up to ₹250/cycle on min ₹400 transactions | ₹8,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹8,000/mo | ₹160 (Capped) | ₹400 (5%) |
| LIC, Health & Term Insurance Premiums | ₹5,000/mo | ₹50 (1%) | 0% Excluded |
| House Rent & School/College Fees1% fee on rental transactions through third-party platforms | ₹5,000/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex Spends | ₹0/mo | ₹0 (1%) | ₹0 (1.25%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan Payments | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹12,00,000/yr | +₹15,840 | +₹40,050 |
Frequently Asked Questions
Which card is better between HDFC Millennia Credit Card and Myntra Kotak Credit Card for ₹100,000/month?▼
At ₹100,000/month (₹1,200,000/year), Myntra Kotak Credit Card mathematically outperforms HDFC Millennia Credit Card by ₹24,210/year. Myntra Kotak Credit Card delivers ₹40,050 net annual benefit (3.34% effective yield), while HDFC Millennia Credit Card returns ₹15,840 (1.32% effective yield).
Will the annual fee be waived at ₹100,000 monthly spend?▼
On an annual spend of ₹1,200,000: HDFC Millennia Credit Card annual fee is waived (₹0). Myntra Kotak Credit Card annual fee is waived (₹0).
How do reward caps impact the earnings on both cards?▼
At this spend tier, HDFC Millennia Credit Card loses ₹21,000/year to monthly cashback caps, while Myntra Kotak Credit Card loses ₹4,500/year. Capped categories on HDFC Millennia Credit Card: Amazon, Flipkart & Myntra Shopping, Swiggy, Zomato & Dining Out, Blinkit, Zepto, Instamart & Supermarkets, Flights, Hotels & IRCTC Trains. Capped categories on Myntra Kotak Credit Card: Amazon, Flipkart & Myntra Shopping.
What is the breakeven monthly spend between HDFC Millennia Credit Card and Myntra Kotak Credit Card?▼
Myntra Kotak Credit Card maintains superior net value across all standard monthly spend brackets between ₹15,000 and ₹2,00,000.