Credit card annual fee waiver condition — how does it actually work?
Diya Hussain
Asked 2 Mar 2026
18
Banks say annual fee is waived if I spend ₹40,000 in the previous year. Does the spend include EMI, wallet loads, and reversals? Please clarify with examples.
1 Answer
-1
Nazriya Pande·9 May 2026
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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