How to calculate the annual fee cycle of a credit card?

The annual fee cycle of bank credit cards is calculated based on the card review date (starting time), not the natural year or the activation time. Most credit cards are free of annual fees in the first year. , and then after a certain number of card purchases are made, the annual fee for the second year will be waived. Only certain special card types require annual fees.

For example, if the cardholder’s credit card is approved on September 1, 2021, then the annual fee of the general credit card held in the second year must be swiped 6 times before September 1, 2022. The annual fee will be automatically waived. Please consult the staff for details when applying. The purpose of waiving annual fees for swiping cards is that banks encourage cardholders to swipe cards for consumption. If cardholders do not meet the annual fee exemption standards, most banks will also waive annual fees for some customers to retain customers, some through supplementary payment reductions, and some Unconditional exemption.

In addition, the annual fee for Postal Savings Bank credit card is 125 yuan/year for the main card, gold card, China Tourist Card, Xi'an Expo Co-branded Card, and Heilongjiang Tourist Card, and 60 yuan/year for the supplementary card; self-mailed A family co-branded card costs 100 yuan/year for the main card and 50 yuan/year for the supplementary card. In addition to the annual fee, Postal Bank will also charge SMS service fees, cash withdrawal fees, late payment fees, over-limit fees, bill retrieval fees, re-sending bill fees, overpayment recovery fees, loss report fees and password reset fees. Regarding the letter handling fees, you can also go to a nearby Postal Bank branch to ask the bank staff, or you can check it on the Postal Bank official website.

Before applying for a credit card, you must understand clearly the various fees that need to be paid and the fees that the bank will deduct regularly to avoid unnecessary losses later.

＜strong＞The calculation criteria for each bank’s credit card annual fee cycle: ＜/strong＞

1. Industrial and Commercial Bank of China: The first-year annual fee is generally charged one year after the activation date of the card. , future annual fees will be deducted year by year based on this time. For cards with a rigid annual fee, the annual fee will be charged immediately upon activation and will not be waived.

2. China Construction Bank: The annual fee is determined based on the validity period of the card. The month in the validity period is the starting month of a card holding year, and the month of the next year is the card holding year. For cards with a rigid annual fee, the annual fee will be charged immediately upon activation and will not be waived. The annual fee will be charged after the high-end credit card is approved (regardless of whether it is activated or not)

3. Bank of China: The first billing date after activation to the billing date of the same month in the following year is regarded as the annual fee year. The annual fee year refers to the first billing date after the card is activated to the billing date in the same month of the following year.

4. Agricultural Bank of China: Policies are formulated once a year and are subject to inquiry in that year. The annual fee will be calculated starting one month after the meat test batch card is issued.

Introduction to the annual fee cycle and deduction time of major bank credit cards

The annual fee cycle of bank credit cards is mostly calculated based on the card opening time or card approval time, and is not fixed. Therefore, Cardholders need to keep this critical point in mind. Let me introduce to you the annual fee cycles and deduction times of major banks’ credit cards. If you don’t want your credit report to be affected by overdue annual fees, you must read it.

Industrial and Commercial Bank of China, Bank of China, Bank of Communications, China Guangfa Bank, Ping An Bank, Minsheng Bank, China Everbright Bank:

The number of card swipes will be calculated starting from the card opening date, and will be calculated on the card opening date in the following year. Annual fee is charged daily. For example, the opening date of the ICBC credit card in 2018 is January 1, 2018, then the annual fee cycle is from January 1, 2018 to December 31, 2018, and the annual fee for that year will be on January 1, 2019. Daily deduction.

The annual fee cycle of CITIC Credit Card is based on the card opening date, and the annual fee deduction time is delayed by 60 days from the card opening date.

China Construction Bank:

The annual fee cycle of China Construction Bank's credit card is based on the time of card issuance. If the card does not meet the bank's annual fee reduction requirements, the first bill in the year of card use will be It will be credited to the account on the same day and repaid on the repayment day. If the credit card bill date is the 22nd of each month, the annual fee from February 2017 to February 2018 will be deducted and credited on February 22, 2017, and repaid on the due date.

China Merchants Bank:

The annual fee cycle is calculated based on the card issuance date. For example, the card issuance date is November 1st, then the period from November 1st to October 31st of the following year is An annual fee cycle begins, and annual fees begin to be charged.

When will the annual credit card fee be deducted? Is there a fixed deduction time?

Whether it is a debit card or a credit card, there is an annual fee, so for the majority of card friends , the most concerning thing is definitely when will the annual credit card fee be deducted? Is there a fixed deduction time?

As for when the annual credit card fee will be deducted, each bank has different time and standards for deducting the annual credit card fee. The specific deduction time and standard are based on the agreement you signed with the bank when you applied for the credit card. . Basically, after the annual fee of the bank credit card is deducted, it will be included in the personal statement. Just repay it in time according to the time.

Here are some major bank credit card annual fee deduction times:

1. The corresponding number of card swipes starts from the date of credit card activation, and the annual fee is calculated on the corresponding date in the following year< /p>

Banks eligible for the above annual fee deduction include: Industrial and Commercial Bank of China (generally will send SMS reminders one month in advance), Bank of China, Bank of Communications, China Guangfa Bank, CITIC Bank, Ping An Bank, Minsheng Bank, China Everbright Bank, etc. For example, for a card activated on July 8, 2017, the annual fee will be charged on July 8, 2018, and the cycle repeats.

2. The annual fee will be calculated from the first statement date of the card year

The banks eligible for the above annual fee deduction include: China Construction Bank. For example, if a card was activated on July 8, 2017, and the first bill was generated on August 5, 2017, the annual fee will be charged on August 5, 2018.

3. Calculation and collection of annual fees starting from the card issuance date

In fact, in today's increasingly fierce competition in the credit card market, there are different opinions on when the annual credit card fee will be deducted. A standard for competition among major banks is that many banks offer credit cards with no annual fee. There are many credit cards with no annual fee for you to choose from in the credit card section. Click

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to learn more

When does the annual fee for credit cards start? Calculate

No matter what credit card it is, there is an annual fee, but the annual fee for each bank’s credit card is different. Generally speaking, the annual fee for a credit card is calculated based on the entire year, for example , your credit card is processed in July, then your annual fee is calculated in July of each year.

However, in order to attract users to apply for credit cards, some banks now generally stipulate that the annual fee is waived in the first year. At the same time, users who make 3 or 5 purchases with the card in the same year can be exempted from the annual fee in the following year. .

However, the year in the annual fee-free credit card policy is not actually calculated based on natural years. Instead, the user only needs to complete the number of transactions within one year from the date of issuance of the credit card, so cardholders do not have to worry. If the number of transactions is not completed before the end of last year, the annual fee will be deducted. That is, one year has passed since the date the credit card was issued by the system.

Credit card annual fee rules refer to some corresponding regulations for the annual payment of credit cards. Banks are not allowed to charge annual fees before the credit card is activated by the cardholder. However, in the face of the various annual fee rules for credit cards from different banks, most Most people have only a little knowledge. Most annual credit card fees are around one hundred yuan. Some banks stipulate that you can waive the annual fee by swiping three times a year.

Annual fee-free rule

If you apply for a card and don’t use it, you will have to pay the annual fee, which is certainly not cost-effective. The annual fee exemption rules vary among different banks, making it easy for cardholders to incur annual fees unintentionally.

Cardholders generally believe that credit card agencies adopt the practice of waiving the annual fee in the first year and waiving the annual fee in the following year if the card reaches a certain standard, but this is not the case for all cards. For example, ICBC credit cards are not exempt from annual fees in the first year. Instead, they need to swipe the card a total of 5 times or spend more than 5,000 yuan to be exempted from the annual fee. China CITIC Bank stipulates that only swiping the card once in the first month after the card is issued can be exempted from the annual fee in the first year. .

As for the rules for exempting the annual fee for the following year, some banks stipulate that as long as the card is swiped more than three times, it will be free of charge, such as China Construction Bank [6.203.85%] and China Everbright Bank; some banks stipulate that the number of card swipes is relatively high. For example, the Shenzhen Development Bank Credit Card requires 18 swipes to waive the annual fee for the following year. Most banks, such as ICBC, Agricultural Bank of China, Bank of China, Bank of Communications, China Merchants Bank, etc., adopt the policy of waiving annual fees for 5-6 times.

Yinsu.com Financial Planner pointed out that since annual fees are not the main source of income for domestic credit card issuers, banks generally stipulate that annual fees must be waived after a certain number of card swipes, but there is no limit on the amount. However, there are some banks that impose restrictions on the amount of consumption. For example, Shanghai Pudong Development Bank stipulates that the annual fee for the next year can be waived only if the consumption reaches 2,000 yuan or more.

It is also worth noting that the bank’s annual fee exemption rules are not static. A staff member of the Bank of Communications Credit Card Center told reporters that the annual fee for a credit card is based on the collection time of the first year's annual fee, and is pushed back 12 months to the collection time of the next year's annual fee. Bank of Communications credit card annual fee exemption rules will generally be notified to cardholders by text message at the end of the year or the beginning of the next year. Cardholders need to pay attention to whether the annual fee exemption rules have changed.

●TIPS: Generally speaking, only ordinary credit cards can enjoy the annual fee exemption rule, while the annual fees for gold cards, platinum cards, diamond cards and other cards are usually unavoidable.

Lifetime no-annual-fee credit card

The annual fee stipulations of credit cards are really eye-catching. Isn’t there a free lunch?

In fact, there are not many credit cards that waive annual fees for life. For example, credit cards issued by Postal Savings Bank, whether it is the main card or the supplementary card, do not need to worry about the annual fee.

Shanghai Bank’s credit cards also have free lunches, such as Star Card, Hong Kong Travel Card, Global Pass Card and other cards, all of which are free of annual fees for life. However, Shanghai Bank’s outlets only cover the Shanghai area. It is more difficult to apply in other areas.

There are also credit cards from other banks that waive annual fees for life. Since there are so many types of credit cards, if you want to apply for them, you need to search carefully. For example, Guangfa Bank’s China Southern Airlines Sky Pearl Credit Card Extra Edition and QQ Car Card, Shanghai Pudong Development Bank’s McDull Credit Card and the 60th Anniversary Credit Card of the Founding of the People’s Republic of China, Agricultural Bank of China’s Golden Harvest Ruyi Card, and Bank of Beijing’s Daai Credit Card [18.825.67%] can all be used. Enjoy lifetime annual fee exemption.

In addition, reporters noticed that since July 2013, various banks have issued a large number of business credit cards to enterprises and institutions, all of which have lifetime annual fee exemptions. Official credit cards are credit cards held by individuals working in budget units. They can be used for daily official expenditures and financial reimbursements, as well as for personal consumption and cash withdrawals, and can enjoy various preferential treatment for cardholders.

●TIPS: The lifetime annual fee exemption is not the lifetime of the cardholder, but the "lifetime" of the card, that is, the validity period of the credit card, which is generally three to five years.

When is the annual fee for a credit card calculated?

No matter what credit card you use, there is an annual fee, but the annual fee for each bank’s credit card is different. Generally speaking, Next, the annual fee for a credit card is calculated based on the entire year. For example, if your credit card is processed in July, your annual fee will be calculated in July of each year. However, in order to attract users to apply for credit cards, some banks now generally stipulate that the annual fee is waived in the first year. At the same time, users who make 3 or 5 purchases with the card in the same year can be exempted from the annual fee in the following year

Credit cards are also called credit cards. , is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

The gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

That’s it for the introduction of how to calculate the annual credit card fee.