Credit card annual fee waiver condition — how does it actually work?
Sonu Saran
Asked 2 Mar 2026
13
Banks say annual fee is waived if I spend ₹1,00,000 in the previous year. Does the spend include EMI, wallet loads, and reversals? Please clarify with examples.
1 Answer
14
Prosenjit Chakraborty·31 Mar 2026
Credit score impact: each hard inquiry (which happens on card application) drops your score by 5-15 points temporarily. Applying for 3 cards in 2 months is fine IF you get all 3 approved. If 2 get rejected, you've taken a hit with nothing to show for it. Apply smart, not fast.
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