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

The annual fee cycle of bank credit cards is mostly calculated by the time of card opening or card verification, which is not fixed. Therefore, cardholders need to keep this critical time in mind. Let's introduce the annual fee cycle and deduction time of major banks' credit cards. If you don't want to affect your credit information because of the overdue annual fee, you must read it.

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

The number of card swipes will be settled on the card opening day, and the annual fee will be collected on the corresponding day of the card opening day in the following year. If the opening date of ICBC's credit card in 218 is January 1, 218, then the period from January 1, 218 to December 31, 218 is an annual fee cycle, and the annual fee of that year will be deducted on January 1, 219.

the annual fee cycle of citic credit card is based on the card opening date, and the annual fee deduction time is delayed by 6 days after the card opening date.

China Construction Bank:

The annual fee cycle of CCB's credit card is based on the issuing time. If the card fails to meet the annual fee reduction and exemption requirements of the bank, it will be recorded on the first billing date of the card year and repaid on the repayment date. If the billing date of the credit card is 22nd of each month, the annual fee from February 217 to February 218 will be deducted and recorded on February 22nd, 217, and repaid on the due repayment date.

China Merchants Bank:

The annual fee cycle is calculated based on the card issuance date. For example, if the card issuance date is November 1st, the annual fee cycle will be from November 1st to October 31st of the following year, and the annual fee will be calculated.

The annual fee will be deducted immediately after the opening of Minsheng Platinum Card

The annual fee will be deducted immediately after the opening of Minsheng Platinum Card. Minsheng Bank charges an annual fee immediately after the credit card is activated, and it is not divided into one card with double limit and one card in one car function. As long as the card is activated, no fee is charged. The cardholder's consumption in the cash advance channel will also be charged according to the transaction amount and the fees charged by the channels provided at the time of application, and the lowest handling fee will be charged.

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

Both debit cards and credit cards have annual fees, so for the majority of card friends, when is the annual credit card fee deducted? Is there a fixed deduction time?

As for when to deduct the annual credit card fee, the time and standard for deducting the annual credit card fee are different for each bank. The specific deduction time and standard should be based on the agreement you signed with the bank when you applied for a credit card. Basically, after deducting the annual fee of the bank credit card, it will enter the personal bill, so just repay it in time according to the time.

here are the deduction times of annual credit card fees in some major banks:

First, the corresponding credit card swiping times will be counted from the date when the credit card is activated. By the corresponding date of the following year, the banks that meet the above annual fee deduction are: Industrial and Commercial Bank of China (which will generally remind you by SMS one month in advance), China Bank, Bank of Communications, Guangfa Bank, China CITIC Bank, Ping An Bank, Minsheng Bank and China Everbright Bank. For example, if the card is activated on July 8, 217, the annual fee will be charged on July 8, 218, and so on.

2. The annual fee will be collected from the first billing date of the card-holding year

The banks that meet the above annual fee deduction are: China Construction Bank. For example, if the card activated on July 8, 217 generates the first bill on August 5, 217, then the annual fee will be charged on August 5, 218.

Third, start to calculate the annual fee based on the card issuance date

In fact, in the period of increasingly fierce competition in the credit card market, when to deduct the annual fee of credit cards is also a standard of competition among major banks, and many banks are free of annual fees. There are many credit cards free of annual fee for you to choose from in the credit card column. Click

Convenient Entrance

Learn more

Let's stop here for the introduction of when the annual fee of Minsheng Credit Card is deducted.