WordsFirst year free
FYF
Short for first year free: the card’s fee for its first year is waived. After that the annual fee, which banks also call the renewal fee, is charged at the start of each card year unless the card is lifetime free or you’ve met its spend condition; that’s how HDFC Bank’s fee page, for example, puts it.
Some cards waive the first year’s fee only if you spend a set amount early on, and HDFC Bank’s MITC, for example, lists spend-within-90-days waivers on some of its cards. At HDFC Bank, benefits tied to paying the fee don’t come with first year free pricing.
Where this comes from
- HDFC Bank, Fee Waiver ConditionFee table and important terms 1, 2, 4 and 5
- HDFC Bank, Key Fact Statement cum MITC for Credit CardsVersion 4.12, 30 September 2026: Part I, A) i. joining and annual membership fees
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More words like it
LTF
Lifetime free
No joining fee and no annual fee. Banks can change a card's terms later, and people here write about when they did.
More about LTFAF
Annual fee
What a card charges each year you keep it. Many cards waive it if you spent a set amount in the year before.
More about AFJF
Joining fee
A one-time fee for a new card, usually its first year's fee. Some cards waive it for spending a set amount early on.
More about JFFee waiver
No annual fee this year
The annual fee cancelled for a year, because you spent a set amount or because you asked and the bank agreed.
More about fee waiver
What happened to members, not financial advice. Offers change, so check with the bank. Terms of use