What's renewal fee waiver r1 and r2

[Vikaas]

I received hdfc credit card statement and found this strange transaction saying BMB Renewal Fee Waiver R1 and R2.. I have business money back 1 month old.. Any idea what's this

 

[Farhad sekh]

+1

 

[sidart]

I received hdfc credit card statement and found this strange transaction saying BMB Renewal Fee Waiver R1 and R2.. I have business money back 1 month old.. Any idea what's this

BMB means Business Money Back card.

1. Have you spent 10k in first 90 days? - First year Fee waived
2. Have you spent more than 50k this year? - Renewal Fee waived

 

[Vikaas]

BMB means Business Money Back card.

1. Have you spent 10k in first 90 days? - First year Fee waived
2. Have you spent more than 50k this year? - Renewal Fee waived

I have spent 47k till now