Will I be charged annual fee for first year if joining fee is nill?

[thisisjaymehta]

I have a offer from ICICI which gives me rubyx card with nill joining fee but 2000 + GST as annual fee which will be waived off if I spend 3 lakh.
I want to know if I will be charge this annual fee in first year itself?
Because I am planning to getting this card and close it before first year end if my spending limit is not reached.
Will that work? Or will I be charged for annual fee in first year itself?

 

[Shaktimaan V2.0]

Nil joining means there will be no changes for the first year. However, if you don't spend 3 lakh within this first year, you'll be charged the annual fee starting next March. It's better to close it before the deadline. I'm using the Swiggy card in the same way.

 

[tharun]

I have a offer from ICICI which gives me rubyx card with nill joining fee but 2000 + GST as annual fee which will be waived off if I spend 3 lakh.
I want to know if I will be charge this annual fee in first year itself?
Because I am planning to getting this card and close it before first year end if my spending limit is not reached.
Will that work? Or will I be charged for annual fee in first year itself?

You could have applied from Paytm as it shows lifetime free

 

[thisisjaymehta]

Nil joining means there will be no changes for the first year. However, if you don't spend 3 lakh within this first year, you'll be charged the annual fee starting next March. It's better to close it before the deadline. I'm using the Swiggy card in the same way.

I got my card in Feb 2025 (last month). So I will be charged in this march itself?

 

[thisisjaymehta]

You could have applied from Paytm as it shows lifetime free

That's the rupay variant right.

 

[tharun]

That's the rupay variant right.

Yes the banner shows it as rupay variant

 

[Shaktimaan V2.0]

I got my card in Feb 2025 (last month). So I will be charged in this march itself?

Next year February. So you can close it on January to be safer side.

 

[thisisjaymehta]

Next year February. So you can close it on January to be safer side.

Ok thank you