facebookHow does credit card waiver work? Is there any criteria we need to hit in order to be eligible for the waiver of annual fee? - Seedly
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Anonymous

Asked on 14 Nov 2018

How does credit card waiver work? Is there any criteria we need to hit in order to be eligible for the waiver of annual fee?

Hi! I'm a fresh grad who just started working and applied for a POSB Everyday credit card. I read on these forums that credit card waiver is possible and relatively easy to get for DBS / POSB.

Can anyone advise me on how the waiver of annual fees work? Are there any criteria or things you must do, to increase your likelihood of getting an annual fee waiver? My salary is rather low right now, so I'm really scared I have to pay the $100+ annual fee each year. Thank you!

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Answers (3)

Junus Eu

Junus Eu

Level 9. God of Wisdom

Answered on 05 Jun 2019

You definitely don't need to be scared!

As long as you are spending (even minimally) on the card and are credit worthy (pay on time etc), they would waive it for you. Think about it, they would much rather keep their users, given the competitive space.

That said, I don't enjoy calling companies to wave the credit card fee, which is why I initially signed up for the CIMB card, which has straight up zero annual fee.

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Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

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Gabriel

Gabriel

Level 8. Wizard

Answered on 14 Nov 2018

It shouldn't be a problem to waive your credit card annual fee so long as you use your card regularly and make payment before the deadline after receiving your credit card statement.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

If they dun waive just cancel the card, dont need to be scared. Some stuff to be careful of is some ...

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