New Delhi, April 15 -- Credit cards often have one expense one cannot escape: the annual fee. Cardholders may feel that paying for the privilege of a card is a repeated burden, succeeding or quickly accumulating balances and spending on cards, and for frugal consumers. Fortunately, there is a way to get this annual fee waived if one takes the appropriate steps.

The annual fee is a set charge associated with using a bank's credit card services over a year. It depends on the card type (basic or premium), and can range from Rs.500 to Rs.10,000 or more. Many, but not all cards have annual fees that can be waived by meeting certain criteria, while others may claim to be lifetime free.

Businesses mainly eliminate the annual fee for users who ...