Whether a credit card has an annual fee depends on the policies of the issuing bank and the specific credit card. There is no universal standard, as the terms vary from bank to bank and card to card.
Many banks offer a first-year annual fee waiver or waive the annual fee if certain spending or usage requirements are met. However, the eligibility, waiver conditions, and other related terms are determined by the issuing bank.
Before applying, we recommend reviewing the Credit Card Details section on the Money101 campaign page. This section provides information about the card's annual fee, annual fee waiver conditions, and other card benefits.
If you have any further questions regarding the annual fee of a specific credit card, we recommend contacting the issuing bank directly for the most up-to-date and comprehensive information.