How to Waive the Pride Platinum Credit Card Annual Fee

Are you considering the Pride Platinum Credit Card but the annual fee holding you back? Don't worry, there are ways to maximize your benefits and potentially avoid the fee altogether. This article explores strategies for waiving the Pride Platinum Credit Card annual fee Waiver, including meeting spending requirements, leveraging welcome offers, and negotiating with the issuer.

Understanding the Pride Platinum Credit Card Annual Fee

The Axis Bank Pride Platinum Credit Card charges an annual fee starting from the second year onwards. However, the good news is this fee can be waived by meeting specific spending requirements in the previous year.

Meeting Spending Requirements

The primary way to waive the annual fee for the Pride Platinum Credit Card is by making a minimum amount of purchases in the preceding year. According to Axis Bank's website, spending at least Rs. 20,000 in the previous year will automatically waive the annual fee for the following year.

Important Note: Transactions for rent payments (MCC 6513) and wallet loads (MCC 6540) won't be counted towards meeting the spending requirement for the annual fee waiver.

Leveraging Welcome Offers

Some banks occasionally offer introductory bonus points or cashback rewards when you sign up for a new credit card. These welcome offers can be a great way to offset the annual fee, especially if you plan to meet the spending requirement in the first year anyway.

Negotiating with Axis Bank

If you've been a loyal Axis Bank customer for a long time and have a good payment history, you can try negotiating the annual fee with the bank's customer service department. Explain your situation and usage of the card, and politely inquire about a potential fee waiver.

Alternatives to Consider

If the annual fee waiver requirements seem out of reach for your spending habits, consider alternative credit cards offered by Axis Bank or other issuers that might better suit your needs. There might be cards with lower annual fees or reward programs that better align with your spending categories.

In Conclusion

By understanding the spending requirements and exploring different strategies, you can potentially waive the annual fee for the Pride Platinum Credit Card and maximize the value you get from the card. Remember, it's always a good idea to compare different credit card options before applying to ensure you're getting the best deal for your spending habits.