How To Get Your Credit Card Annual Fee Waived Off In 2021

How To Get Your Credit Card Annual Fee Waived Off In 2021

The ongoing second stage of COVID-19 has been financially draining for each one of us. As we step into another busy financial year, this is the perfect time for you plan your finances and move into this financial year on a good note. You can do this by picking the right credit card for yourself! The kind of credit card that you can use to make purchases without paying an annual fee. 

Whatever your need is, whether it is getting surcharge waivers on fuel or earning reward points on your shopping, we have made sure we have you covered from all ends. 

So, what is an Annual Fee? 

The annual fee is an essential part of every credit card and is charged on every card. This fee is charged annually in order to maintain your card while you use it to its full potential. 

The annual fee may differ from card to card depending on the features offered to you by the card. While entry-level cards like Silver and Gold variants typically come with low annual fees while platinum cards usually have a higher annual fee.

Today, we have brought you a list of credit cards that have Zero annual fee on them! 

Top 10 Credit Cards in India with Zero Annual Fee

Top 10 Credit Cards in India with Zero Annual Fee


Credit Card

Card Type

Annual Fee

HSBC Visa Platinum Card

Dining, Shopping, Fuel

Nil

IndusInd Bank Platinum Card

Travel, Golf, entertainment, fuel

Nil

SBI Card Unnati

Basic

Nil

Axis Insta Easy Credit Card

Basic Card issued against fixed deposit

Nil

Kotak Fortune Gold Credit Card

High Cash limit, fuel, movie tickets

Nil

Yes Prosperity Reward Plus Card

Online Shopping, international usage

Nil

ICICI Bank Platinum Chip Credit Card

Dining, fuel, rewards

Nil

Yes First Preferred

Travel, entertainment, shopping, dining

Nil

Axis My Zone Easy Credit Card

Travel, entertainment, shopping, dining

Nil

Yes Premia Credit Card

Travel, entertainment, shopping, dining

Nil

Can I get my annual fee waived off ? 

Can I get my annual fee waived off ?

Now Why is paying an annual charge worthwhile info-fee cards can also earn decent cashback, travel incentives, and other bonuses. Well, that’s because the credit cards that do come with an annual fee usually has higher limits on them and they come with many more benefits than the others.

Also KnowTop Travel Credit Cards in India

An annual charge waiver is an extra perk that banks have the capability of offering to their loyal customers. So, if you have been a loyal Customer and have been with your bank for a long time, then your annual charge can be forgiven.

But if you are new customer then you can enjoy this benefit when you apply for credit cards, because every bank offers an annual fee waiver when you spend over and above a certain amount on your credit card in a year.

How Will I check if I am eligible for an annual fee waiver offer? 

It is remarkably simple, let us enlighten you about all the ways to check if you are eligible for an annual fee waiver: 

First and foremost, you need to check the features on your credit card. Generally, most credit cards have one important condition that your annual fee shall be waived off only if you succeed in spending more than a particular amount in a given year. The amount can vary around Rs. 50,000 to Rs. 2 lakhs, even more. 

Banks claim that If the cardholder spends more than the pre-decided amount within the first 30,60,90 days or even the first year in some cases, then the annual fee is automatically waived off. 

The only way to ensure that you have met this criterion before or by the limited time you have been given is by using your credit card for all your general expenses like groceries, bill payments, utility bill payments, shopping, lifestyle expenses, travel plans, and other needs. 

In spite of all this if you see an annual fee levied on you, then you have the option of calling customer support to get your annual fee waived off. 

Also KnowBest Rewards Credit Cards 

In case there is no such condition, but you have used your credit card diligently, you can still call the customer care and request them to grant you an annual fee waiver. 

While requesting, you have to keep this in mind that this decision solely lies with the bank. 

In another scenario, if you as a customer has a long ongoing relationship with the bank, the bank shall reverse the annual fee on your account. 

In the worst-case scenario, the bank may deny your request of waiving of the annual fee, but until you actually ask them, you will never really know if it was possible for you to get a waiver in the first place. 

Also Know Top 10 Credit Cards to Get Free Lounge Access

FAQ 

Q1. Does every Credit card have an annual fee on it? 

Ans- Well, Yes, most credit cards do come with an annual fee on them, that’s how the banks earn off you. The kind of annual charge on accredit card usually depends on the type of card you have opted for and the benefits you are going to get with it.

Q2. Can I apply for a credit card which has no annual fee? 

Ans- Certainly. There are a number of credit cards in the market which do not have an annual fee on them. All you have to do is check for yourself online and you may find your suitable match. 

Q3. Is there a way of getting the annual charge removed from my card? 

Ans- Yes, most credit cards have one important condition that your annual fee shall be waived off only if you succeed in spending more than a particular amount in a given year. So, either that or you will have to call the customer care and request them to waive of the charges based on your relationship with the bank. 

Q4. What if I don’t use my credit card at all? Will that help? 

Ans- You have to understand that an annual fee will be charged on your credit card irrespective of whether you use it or not. On the contrary, if you use your card on a regular basis, you can request an annual fee waiver from your card provider.

Q5. Is there any other hidden charges apart from the annual charges? 

Ans- All the charges associated with your credit card are mentioned in the fee and charges section when you are looking it up online, so if you have a confusion, it is recommended that you call the customer care and get clarity on it before applying for it. 

0 Comments

Leave a reply

Required fields are marked *