Annual Card fee is charged in subsequent statement after 90 days completion of card set up date, in case retail spends based fee waiver condition is not met. If the Cardholder meets the spends based fee waiver conditions, then the Card Annual fee is waived.
Example – If the card is set up on 1st January 2021 and statement date is 15th of every month, then the Card Annual fee for 1st year will be charged in 15th April 2021 statement and for 2nd year onwards, it will be charged in 15th January statement. This is applicable when retail spends based fee waiver condition is not met.