Credit Card Annual Fees: Nowadays, many people use credit cards, but only a few people can use them properly. Many people often complain that an annual charge is levied on their cards, which bothers them. Let us talk about some such ways today, by which you can get rid of the annual charge on your credit card.

First, understand what is an annual charge.

For using any credit card, an annual charge is levied on most credit cards by the banks. This charge can range from Rs 500 to Rs 10,000. However, with some smart ways, you can get rid of the annual charge on your credit card. Let us know about 4 such ways.

1- Spend up to the set limit

Before getting a credit card, you must know how much spending can waive the annual charge. This limit may vary for different cards. This will help you understand whether you can spend up to that limit or not. If you spend up to the set limit every year from that credit card, then you can get the annual charge waived.

2- Use reward points

There are many cards whose annual charges can be paid from the reward points earned on them. If you take such a credit card, then you can get the annual charge waived.

3- Negotiate with the bank

If you have been using a credit card from a bank for a long time, then you can get the annual charge waived by negotiating with the bank. In most cases, banks accept such requests.

4- Get another card from your bank

If despite all efforts, the annual charge on your credit card is not being waived, then you can get another card from that bank. Remember, this time you need to buy a card on which there is no annual charge or buy a card on which your annual charge gets waived just by spending less money.

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