negative CC bill - Annual spending

62°
Deal Cadet
Santushal

My credit card bill for this month shows a negative ₹4,000 balance. I want to understand how this affects the calculation of my annual spending for the fee waiver.

For example, up until last month, my total spending was ₹50,000. Since this month's bill is negative ₹4,000, will my annual spend still be counted as ₹50,000? I'm hoping this month's negative balance won't reduce my overall spending for the year and that it's treated as a zero balance for this month. anyidea?

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Deal Cadet Deal Cadet
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I believe your annual spend will drop down to 46k, unless it was a bill payment towards your credit card instead of a refund which led to this situation in the first place.

Blaze Blaze
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fearful
Deal Cadet Deal Cadet
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okay, this is not a refund. that's cashback. I understand if that's a refund then the spend should be 46K.. but that's cashback.

Deal Cadet Deal Cadet
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Correct
Deal Subedar Deal Subedar
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spend and bill amount are completely different

replyuser
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