The annual fee is one of the credit card fees, but all major banks have introduced the policy of exempting the annual fee for credit cards. As long as the corresponding requirements are met, the annual fee can be exempted. Different banks have different policies. Let me take China Bank as an example.

what is the annual fee-free policy of China Bank's credit card?

1. Jinpu card: free of the annual fee for the first year, and free of the annual fee for the next year if you spend five in the current year

2. Platinum card: free of the annual fee for the first year, and free of the annual fee for the next year if you spend more than 12 in the annual fee period; Or use the comprehensive points of 1, people to exchange the annual fee for the next year

3. The annual fee for diamond, unlimited and world-class credit cards can be exempted if the accumulated consumption reaches RMB 4, during the annual fee cycle; Or use 6, people's comprehensive points to redeem.

4. During the annual fee period, the Great Wall American Express Card has accumulated over 6, RMB equivalent, and the annual fee for the following year can be exempted; Or use 1 million personal comprehensive points to redeem.

5. For other special card types, you can call the customer service phone of China Bank for enquiry.

it should be noted that the above-mentioned reduction and exemption policies are only applicable to the annual credit card fees generated in 223. The above specific points exchange rules can be based on the manual service of China Bank.

the annual fee of BOC's credit card is charged annually, and the first billing date after card activation is the billing date for annual fee collection, and the annual fee will be charged on the billing date of this month every year. Except for cash withdrawal, transfer, endogenous expenses and consumer return transactions, BOC's annual fee-free transactions are unlimited in amount and transaction form.

Generally speaking, the higher the card level, the higher the annual fee, and it will be more difficult to exempt the annual fee. Moreover, some cards are rigid annual fees, that is, the money that must be given to the bank. That's all. I hope it will help you.