Hsbc live+ card 50% annual fee waive off criteria

[b4bhar]

Hi guys,
I understand that the annual fee would be waived off if we cross 2L annual spends. But, is there any other criteria like 50% fee waiver off in case we cross 1.5L or more something like that? Also, can we negotiate with the bank on the annual fee based on our spends? Did any successfully managed to get the fee waiver off?

Please share your stories with this card.

Thanks

 

[b4bhar]

i

then get them refunded/reverse by cancelling orders/returns on ECom sites in new annual cycle.

i believe its not that easy to return high valued products these days with more strict rules

 

[Rishabh]

i

i believe its not that easy to return high valued products these days with more strict rules

Agree, but there is always an option to cancel the order until not delivered 😛 😛 You can buy an iPhone for above 1.5 lakhs and then cancel it just before delivery. People are smart enough now a days to find loopholes if they want to 🙂

 

[b4bhar]

Agree, but there is always an option to cancel the order until not delivered 😛 😛 You can buy an iPhone for above 1.5 lakhs and then cancel it just before delivery. People are smart enough now a days to find loopholes if they want to 🙂

yeah that's option but mostly they are doing 1 day deliveries

 

[vijay241]

This may appear weird but I think it makes sense considering bank avoiding all the loopholes of people getting fee waiver by just making spends in last month of annual cycle and then get them refunded/reverse by cancelling orders/returns on ECom sites in new annual cycle.

One month statement period for feel reversal gives bank time to consider those refunds getting settled and final spends calculation.

Just my opinion, in actual the reason could be different.

It makes sense for bank to wait 1 month to reverse charges so to avoid such practices

 

[b4bhar]

It makes sense for bank to wait 1 month to reverse charges so to avoid such practices

but banks are already smart enough. In case of refunds, they can charge again, right? they even revert the cashback/points which we have got for refunds.

 

[vijay241]

but banks are already smart enough. In case of refunds, they can charge again, right? they even revert the cashback/points which we have got for refunds.

Reverting cashback/ points is another thing and charging annual fee is different thing. It would make sense for them to just wait for 1 month and then reverse the annual charges

 

[b4bhar]

Reverting cashback/ points is another thing and charging annual fee is different thing. It would make sense for them to just wait for 1 month and then reverse the annual charges

they used to do the same with reward points/cb as well earlier. But after lot of pressure from customers, they started crediting the cb after the statement itself.