Credit card annual fee waiver condition — how does it actually work?
Riddhi Parikh
Asked 27 May 2026
Banks say annual fee is waived if I spend ₹75,000 in the previous year. Does the spend include EMI, wallet loads, and reversals? Please clarify with examples.
2 Answers
For the fee waiver condition: most banks count only retail purchases, not EMI, wallet loads, or fuel (in some cases). Read the TnC PDF linked at the bottom of the fee-waiver email — it's usually 2-3 paragraphs of fine print that change everything.
Yes the rewards sound amazing in marketing, but the redemption catalogue is full of products at inflated MRP. The statement credit redemption is almost always the best value. Skip the merchandise, skip the flight bookings, take the cash.
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