I’ve read thru blogs about credit cards, I’m looking for Cashback with no minimum spend because I’m a frugal graduate 🥲

Hi Anon,

Usually for entry level cards, if you use it a decent amount, you have a good chance of getting the annual fee waived. Decent amount = a few hundred dollars a month. If you're frugal by nature (props to you!), just try to put whatever spending you incur on your card.

Of course, you have to understand that at the end of the day, they're not obliged to give you the annual fee waiver. It's stated explicitly in the card info. But you do what you can by using the card, requesting for the fee waiver ahead of time, and if they refuse to, just say you will cancel the card. That usually scares them into waiving it (from what j hear).

Alternatively, you may want to consider opting for a card with 0 annual fee - HSBC Revolution. Its a rewards card, but you can easily redeem points for vouchers at places you'd typically spend at anyway, and think of it as cashback. Just a suggestion to consider!

Hope this helps & all the best!

Regards,
thefrugalstudent

The annual fee charged by the bank is for the “privilege” to use the card and get cashback. You could always try to make a fee waiver request.

The minimum spend refers to the aggregate amount that needs to be charged to the card under the eligible transactions before the cashback kicks in. Usually within a calendar monthly basis or statement billing cycle.

For the no minimum spend cards, the cashback kicks in from the first dollar charger on eligible transactions.