Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Swiggy HDFC Bank Credit Card vs Myntra Kotak Credit Card for ₹15,000 Monthly Spend
Comparing Swiggy HDFC Bank 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 ₹6,034 for Swiggy HDFC Bank 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+ ₹59/yr Higher Value
Myntra Kotak Credit Card
Delivers ₹6,093 net annual returns (3.38% ROI) vs ₹6,034 on Swiggy HDFC Bank Credit Card.
Card A
Swiggy HDFC Bank Credit Card
HDFC Bank
₹6,034Net Annual Benefit
Gross Rewards:₹6,624/yr
Effective Fee (incl. GST):₹590
Net ROI on Spend:3.35%
Fee Waiver Progress (2L target):90%
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 | Swiggy HDFC Bank 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 BillsUtility bill payments excluded from earning cashback | ₹1,800/mo | 0% Excluded | ₹23 (1.25%) |
| Swiggy, Zomato & Dining Out | ₹1,800/mo | ₹180 (10%) | ₹90 (5%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹1,500/mo | ₹150 (10%) | ₹75 (5%) |
| Petrol & Diesel at Fuel StationsFuel spends excluded from cashback; 1% surcharge waiver up to ₹250/mo | ₹1,200/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹1,200/mo | ₹12 (1%) | ₹60 (5%) |
| LIC, Health & Term Insurance Premiums | ₹750/mo | 0% Excluded | 0% Excluded |
| House Rent & School/College FeesRent and education payments excluded from earning cashback | ₹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 | +₹6,034 | +₹6,092 |
Frequently Asked Questions
Which card is better between Swiggy HDFC Bank Credit Card and Myntra Kotak Credit Card for ₹15,000/month?▼
At ₹15,000/month (₹180,000/year), Myntra Kotak Credit Card mathematically outperforms Swiggy HDFC Bank Credit Card by ₹58/year. Myntra Kotak Credit Card delivers ₹6,092 net annual benefit (3.38% effective yield), while Swiggy HDFC Bank Credit Card returns ₹6,034 (3.35% effective yield).
Will the annual fee be waived at ₹15,000 monthly spend?▼
On an annual spend of ₹180,000: Swiggy HDFC Bank Credit Card annual fee is payable at ₹590 (incl. 18% GST). 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, Swiggy HDFC Bank Credit Card loses ₹0/year to monthly cashback caps, while Myntra Kotak Credit Card loses ₹0/year. Swiggy HDFC Bank Credit Card remains uncapped at this spend. Myntra Kotak Credit Card remains uncapped at this spend.
What is the breakeven monthly spend between Swiggy HDFC Bank Credit Card and Myntra Kotak Credit Card?▼
The calculated crossover breakeven spend is ₹85,000/month, where higher-fee benefits overtake the lower-fee option.