Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
SBI Cashback Credit Card vs Myntra Kotak Credit Card for ₹15,000 Monthly Spend
Comparing SBI Cashback 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 ₹4,041 for SBI Cashback 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+ ₹2,052/yr Higher Value
Myntra Kotak Credit Card
Delivers ₹6,093 net annual returns (3.38% ROI) vs ₹4,041 on SBI Cashback Credit Card.
Card A
SBI Cashback Credit Card
SBI Card
₹4,041Net Annual Benefit
Gross Rewards:₹5,220/yr
Effective Fee (incl. GST):₹1,179
Net ROI on Spend:2.25%
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 | SBI Cashback 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 completely excluded from cashback program | ₹1,800/mo | 0% Excluded | ₹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 for transactions between ₹500 and ₹3,000, max waiver ₹100/billing cycle | ₹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 | 0% Excluded | 0% Excluded |
| House Rent & School/College FeesRent payments attract a processing fee of ₹199 + 18% GST; zero cashback earned | ₹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 PaymentsGovernment, tax, and challan payments excluded from cashback | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹1,80,000/yr | +₹4,041 | +₹6,092 |
Frequently Asked Questions
Which card is better between SBI Cashback Credit Card and Myntra Kotak Credit Card for ₹15,000/month?▼
At ₹15,000/month (₹180,000/year), Myntra Kotak Credit Card mathematically outperforms SBI Cashback Credit Card by ₹2,051/year. Myntra Kotak Credit Card delivers ₹6,092 net annual benefit (3.38% effective yield), while SBI Cashback Credit Card returns ₹4,041 (2.25% effective yield).
Will the annual fee be waived at ₹15,000 monthly spend?▼
On an annual spend of ₹180,000: SBI Cashback Credit Card annual fee is payable at ₹1,179 (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, SBI Cashback Credit Card loses ₹0/year to monthly cashback caps, while Myntra Kotak Credit Card loses ₹0/year. SBI Cashback Credit Card remains uncapped at this spend. Myntra Kotak Credit Card remains uncapped at this spend.
What is the breakeven monthly spend between SBI Cashback Credit Card and Myntra Kotak Credit Card?▼
The calculated crossover breakeven spend is ₹142,000/month, where higher-fee benefits overtake the lower-fee option.