Without a lifetime Visa credit card with no annual fee, the bank would have already figured it out. However, credit cards have a policy of waiving the annual fee in the first year and swiping the card N times to waive the annual fee for the following years, so the annual fee issue can be ignored. There is no need to rack your brains on this issue. Basically, all banks have VISA credit cards, but they are not free of annual fees. However, generally, the annual fee can be waived by swiping the card for consumption. The requirements of each bank are different, ranging from 3, 5 or 6 times regardless of the amount. When deducting the annual fee, pay attention to three dates: the card issuance date, the card opening date, and the first card use date. Most banks deduct the annual fee on the day the card is opened. For example, if the opening date of a Bank of China credit card is October 9th, the annual fee will be deducted on October 9th each year. Different banks have different rules for free payment in the first year. For example, some credit cards of China CITIC Bank need to activate the card and swipe the card once within the next 60 days, otherwise the corresponding annual fee will be deducted. In addition, it should be noted that the annual fee-free policy for some ICBC cards is based on whether the card amount meets the requirements.

In addition, the following unspoken rules for annual fees also need to be clear.

1. Some high-end cards are not exempt from annual fees

Credit cards are also divided into levels. Generally speaking, the annual fee of ordinary cards is higher than that of gold cards and platinum cards (diamond cards). Much less, and you can swipe the card N times to avoid the annual fee for the next year. But this is not necessarily true for the Platinum Card (Diamond Card). Since the card itself enjoys much better benefits than the regular card, the annual fee is also clearly marked and must be paid once a year.

2. An annual fee may be charged if the card is not activated

Due to some reasons, I did not activate the card after successfully applying for it, thinking that as long as I did not activate it, there would be no annual fee. . But be aware that some platinum cards will incur annual fees without activation. If it is not activated for a long time, overdue records may be generated due to automatic deduction of annual fees.

3. Annual fee reduction and exemption policies are different

Each bank has different annual fee reduction and exemption policies. Reduction method one: the number of card consumptions within the year reaches the amount specified by the bank can be reduced; reduction method two: the amount of card consumption within the year reaches the amount specified by the bank can be reduced.

4. Supplementary cards also charge annual fees

Supplementary cards are not free when you apply for the main card. The annual fee is mostly half of the annual fee of the main card, and there are generally ways to reduce it.