Credit cards are something preferable among youth and many other generations as well. It is no doubt that paying an annual fee every year can be a tough task to cope with. This is one of the major reasons why people prefer to go with either the cards which have spend based waiver program or lifetime free credit cards.
SBI Bank has a very low number of credit card that follow the lifetime free program but almost all of the credit cards come under a spend-based renewal program. Lifetime free credit cards are free for a lifetime such as SBI Bank Unnati credit cards. Whereas a spend-based program will waive the charges only after reaching a certain limit of expenses.
Technically one cannot avoid the annual fee for SBI Credit Card but they can get a waiver on the same. However, even after the spend-based waiver, users often have to pay for the annual fee. There can be a lot of reasons why you might not be able to avail this benefit which can include a lot of factors including the type of card you own.
Sometimes, you own a credit card that does not match your daily needs. Yes, your needs are something which you spend 70% of your money on. So, if you use the right card with which you can make your purchases in a way where you can not only use the card for expenses but are sure you will get rewards, you will be able to use the card in an optimum manner. This will increase your purchases and you will be able to reach the target spend amount for the waiver.
Not only this but sometimes people just get the card and forget to use it. This should not happen, once you have your hands on the card and activate it, you should start using it. This will help you get the most benefits and you will be able to reach the milestones.
Getting rid of the annual fee with SBI credit cards is not possible because there are very few cards that have this benefit. But if you wish to waive the charges, that can be possible with the help of a spend-based renewal fee waiver. However, there are many other options available for the spend-based waiver programs through which you can get the benefit on your renewal fee.
