Most credit cards comes with a waiver on annual fess if an xx amount is spent in a membership year.
However I would like to know what exactly do they define by a membership year.
Assume that am charged an annual fee in a credit card statement with the bill generated date as 15-Feb-2021.
The annual fee charged date as per this statement is on date say 20-Jan-2021.
Say, the due date of this bill is on 2-March-2021
From which date should I calculate my year spends so that the target is achieved and my fees will be reversed in next years statement(Feb-2022)?
Is it from the 15-Feb-2021?