No annual fee for credit cards means that banks or credit card companies do not require cardholders to pay annual fees when issuing credit cards. Usually, the annual fee for a credit card refers to the usage fee that the cardholder needs to pay within a certain period of time, while the annual fee waiver eliminates this fee. This method is mainly to attract more users to use credit cards and increase the popularity of credit cards.

If the consumption limit when using a credit card is relatively high, there are usually some preferential policies for annual fees. For example, if your consumption reaches a certain amount, the annual fee can be waived in subsequent years. In addition, some credit cards that are in the development period or user retention period will also waive annual fees. For consumers, these free preferential policies can have a positive impact on daily life consumption.

Although the policy of no annual fee for credit cards has certain advantages, consumers should also make choices based on their own circumstances when applying for credit cards. For example, while waiving annual fees, some credit card companies charge higher interest rates. When consumers are unable to repay in time, unnecessary burdens will be added due to interest. Therefore, when applying for a credit card, consumers must understand all the details and policies in order to make rational decisions and ensure their financial security.