Want to get your credit card’s annual fee waived? Follow these steps

Want to get your credit card’s annual fee waived? Follow these steps
Owning a credit card often comes with perks, but the annual fee can feel like a hidden cost. What if you could enjoy all the benefits without paying this fee?Surprisingly, many banks offer ways to get your credit card’s annual fee waived-if you meet specific spending criteria.
SPEND MORE, SAVE MORE
Some banks allow you to waive your annual fee by crossing a pre-defined spending threshold.
For instance, several cards, like the Axis Bank Rewards Credit Card, waive a Rs 1,000 fee if you spend Rs 2 lakh annually. Similarly, the Axis Bank Freecharge Plus Credit Card removes fees for spending Rs 50,000 in a year, while the Axis Bank Cashback Credit Card waives its Rs 1,000 fee if you spend Rs 4 lakh.
For those who want to avoid annual fees altogether, there are options like ICICI Bank’s Platinum Credit Card, which has no joining or annual fees.
HOW TO ENSURE FEE WAIVERS
To maximise your chances:
Leverage regular spending: Use your card for groceries, dining, travel, or other everyday expenses to reach the threshold.
Check eligibility: Before applying, confirm if the card offers a fee waiver on specific spending levels.
Contact the bank: If you’ve hit the spending mark but still see a fee, call customer service to request a waiver.
Be a loyal customer: Banks often reward long-standing customers with fee waivers, even if you don’t meet the exact criteria.
SMART SPENDING PAYS OFF
While fee waivers are attractive, it’s essential to evaluate whether the card’s benefits justify its costs. Cards offering rewards, cashback, or travel perks may be worth the fee if the returns outweigh the expense.
Owning a credit card is about more than convenience-it’s about making smart financial choices. By understanding your card’s features and utilising them wisely, you can save money and enjoy the full suite of benefits without paying extra.
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