The issue of credit card annual fees cannot be ignored. After all, you may need to pay the annual fee yourself if you are not careful. The credit card annual fee regulations of major banks are different. If you apply for a credit card from Ping An Bank, you need to pay the annual fee. Learn about the latest regulations on annual fees.

Is there an annual fee if the Ping An Bank credit card is not activated?

No annual fee is required. Ping An Bank's credit cards (including electronic cards) do not charge annual fees, interest and other fees if they are not activated. Fees will be calculated according to the tariff standards after activation. However, individual withholding insurance premiums, express delivery fees, etc. will be charged normally, and this situation will also be notified in detail in the application contract.

The first-year annual fee will be charged on the day after the card is activated, except for lifetime annual-fee-free cards and first-year annual-fee-free cards. The card can be opened and used within the validity period of the credit card. If it is not activated within the validity period, it will automatically expire, and you cannot apply for restoration or reissue a new card. You can reapply for the card.

The annual fee collection date of Ping An Bank credit card:

The card verification date is the annual fee collection date. The first year annual fee will be charged after activation, and then every year on the card verification date. The annual fee policy data has not been updated on the day of activation. Please check the annual fee policy you can enjoy on the second day of activation.

Assuming that the card verification date is April 8, 2020, then: the annual fee for the current year refers to April 8, 2020 - April 7, 2021, and the annual fee for the following year refers to April 8, 2021 -April 7, 2022, and so on.

The annual fee for Ping An Bank's credit cards depends on the type of card applied for. Most cards can waive the annual fee after spending a sufficient amount or number of transactions. Consumption types included in annual fee-free transactions: POS machine card swiping, online transactions (such as Alipay/WeChat, etc.), cash withdrawals, installment transactions, etc. can all be included in annual fee-free transactions. Annual fee-free transactions are not limited to amount and transaction form.