Credit card annual fee waiver spend calculation

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Q: how to calculate the spends in a membership year on a credit card to waive off the annual fees?

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? confused

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Never calculated.. Just use for necessities and don’t overspend to waiveoff the annual fee.

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It is generally starts from Credit card issue date unless mentioned otherwise.

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Some banks define membership year based on the date card is issued. Some has fixed cycle..like say if November, they are going to reset everyone to that date/month based on their card issuance date. Better write to them and understand the same

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andromeda wrote:

Some banks define membership year based on the date card is issued. Some has fixed cycle..like say if November, they are going to reset everyone to that date/month based on their card issuance date. Better write to them and understand the same

sure will check…

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In sbi card the annual fee is dated the same day as first bill is generated so no confusion, annual fee spend waiver is calculated for spend till 1 year from first bill generation date(in this case till 15 feb 2022).

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