QUERY REGARDING CREDIT CARD FEE WAIVER

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Deal Subedar
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I need to spend 1L for second year fee waiver.

How do they calculate the spends?
Is it based on financial year or Annual year or is it calculated based on the card issued date.

Any way to identify whether I have reached my spend limit or not?

15 Comments  |  
7 Dimers
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Deal Subedar
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Card issued month. No way to track annual spend

Manually add and check

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Deal Subedar
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2221
31

It’s based on card issue date.
If you don’t remember your card issue date then call your credit card customer care and ask them the same.
Once you know the date then open your credit card statements after that date and add the total spends.

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Pro Entertainer
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@jaikrish1031

Which bank card?
It is counted from card issued month and so on
You can contact support team to ask about spends left to achieve

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Deal Subedar
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I have HDFC CLUBMILES which was upgraded from HDFC DINERS. In this case do they consider the latest card issued date?

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Deal Subedar
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sardasa wrote:

It’s based on card issue date.
If you don’t remember your card issue date then call your credit card customer care and ask them the same.
Once you know the date then open your credit card statements after that date and add the total spends.

Why us to calculate? We can directly ask the cc to tell the total spends from the card issue date in this year.

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Deal Subedar
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2221
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manikantaks4u wrote:

Why us to calculate? We can directly ask the cc to tell the total spends from the card issue date in this year.

That cc guy will also do the same.
Why to waste time on call when you can do the same on your own smile

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Deal Subedar
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sardasa wrote:

That cc guy will also do the same.
Why to waste time on call when you can do the same on your own smile

In my statement, they write accumulated spend till date, and how much remaining to achieve 1L

So no need to calculate for me

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Deal Subedar
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2034
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sardasa wrote:

That cc guy will also do the same.
Why to waste time on call when you can do the same on your own smile

Some banks directly have that information in their application. For ex. SC cc will tell you directly the total amount without recalculation.

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Deal Subedar
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gauravnandwanii wrote:

In my statement, they write accumulated spend till date, and how much remaining to achieve 1L

So no need to calculate for me

U got SBI SimplyCLICK card?

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Deal Subedar
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manikantaks4u wrote:

Some banks directly have that information in their application. For ex. SC cc will tell you directly the total amount without recalculation.

My HDFC one don’t.
Have talked to them multiple times which infact surprises me.

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Deal Subedar
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sardasa wrote:

Ok. It’s a good card for free (if you manage to spend 1 lakh in previous year)

Does those no cost emi payments also considered for calculating the annual spends for waiver ..?

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Deal Subedar
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dev007 wrote:

Does those no cost emi payments also considered for calculating the annual spends for waiver ..?

Yes.

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Deal Subedar
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As per ICICI website:
Joining Privileges
Fees
You pay a joining fee of Rs. 500 + GST
You pay an annual fee of Rs. 500 + GST from 2nd year onwards – waived off if you spend more than Rs. 1,50,000 in the previous year.

But today I got the first year fee reversed since i spent more than 125K.

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Does first year fee reversed if we achieve spends target in amex or any other CC?

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