Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
HDFC Millennia Credit Card vs Myntra Kotak Credit Card for ₹15,000 Monthly Spend
Comparing HDFC Millennia Credit Card vs Myntra Kotak Credit Card at ₹15,000/month. Myntra Kotak Credit Card wins, delivering ₹6,092 net annual value (3.38% ROI) vs ₹5,526 for HDFC Millennia Credit Card.
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₹15,000(₹1,80,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹15,000/mo+ ₹567/yr Higher Value
Myntra Kotak Credit Card
Delivers ₹6,093 net annual returns (3.38% ROI) vs ₹5,526 on HDFC Millennia Credit Card.
Card A
HDFC Millennia Credit Card
HDFC Bank
₹5,526Net Annual Benefit
Gross Rewards:₹5,526/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:3.07%
Fee Waiver Progress (1L target):100%
Card B
Myntra Kotak Credit Card
Kotak Mahindra Bank
₹6,093Net Annual Benefit
Gross Rewards:₹6,683/yr
Effective Fee (incl. GST):₹590
Net ROI on Spend:3.38%
Fee Waiver Progress (2L target):90%
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹1,800/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 ₹1,800/yr extra on zero-reward categories.
Routes excluded categories:Utility & Offline Spends
Detailed 12-Category Rupee Breakdown (@ ₹15,000/mo)
| Spend Category | Monthly Spend | HDFC Millennia Credit Card | Myntra Kotak Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹3,750/mo | ₹188 (5%) | ₹281 (7.5%) |
| Scan & Pay Merchant UPI | ₹2,250/mo | ₹23 (1%) | ₹28 (1.25%) |
| Electricity, Water, Gas & Broadband Bills | ₹1,800/mo | ₹18 (1%) | ₹23 (1.25%) |
| Swiggy, Zomato & Dining Out | ₹1,800/mo | ₹90 (5%) | ₹90 (5%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹1,500/mo | ₹75 (5%) | ₹75 (5%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver up to ₹250/cycle on min ₹400 transactions | ₹1,200/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹1,200/mo | ₹60 (5%) | ₹60 (5%) |
| LIC, Health & Term Insurance Premiums | ₹750/mo | ₹8 (1%) | 0% Excluded |
| House Rent & School/College Fees1% fee on rental transactions through third-party platforms | ₹750/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 | ₹1,80,000/yr | +₹5,526 | +₹6,092 |
Frequently Asked Questions
Which card is better between HDFC Millennia Credit Card and Myntra Kotak Credit Card for ₹15,000/month?▼
At ₹15,000/month (₹180,000/year), Myntra Kotak Credit Card mathematically outperforms HDFC Millennia Credit Card by ₹566/year. Myntra Kotak Credit Card delivers ₹6,092 net annual benefit (3.38% effective yield), while HDFC Millennia Credit Card returns ₹5,526 (3.07% effective yield).
Will the annual fee be waived at ₹15,000 monthly spend?▼
On an annual spend of ₹180,000: HDFC Millennia Credit Card annual fee is waived (₹0). Myntra Kotak Credit Card annual fee is payable at ₹590 (incl. 18% GST).
How do reward caps impact the earnings on both cards?▼
At this spend tier, HDFC Millennia Credit Card loses ₹0/year to monthly cashback caps, while Myntra Kotak Credit Card loses ₹0/year. HDFC Millennia Credit Card remains uncapped at this spend. Myntra Kotak Credit Card remains uncapped at this spend.
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.