Understanding Credit Card anniversary/annual spends calculation

[Vik]

Wanted to understand how does calculation of credit card anniversary spends work?

Is it linked to statement cycle or purely based on card setup date?

For example, if the credit card was approval/setup date is 29th June, 2021 and first statement date is 15th July, 2021 then which of the below is correct?

1. Linked to statement cycle:
Year 1 spends : 29th June, 2021 - 14th June, 2022
Year 2 spends : 15th June, 2022 - 14th June, 2023

OR

2. Linked to card setup/approval date:
Year 1 spends : 29th June, 2021 - 28th June, 2022
Year 2 spends : 29th June, 2022 - 28th June, 2023

 

[vysakh]

2. Linked to card setup/approval date:
Year 1 spends : 29th June, 2021 - 28th June, 2022
Year 2 spends : 29th June, 2022 - 28th June, 2023

It is tied to the card setup/approval date.