Credit card annual fee rules refer to some corresponding provisions of credit card annual fee. Before the cardholder activates the credit card, the bank shall not charge an annual fee. But most people know little about the annual fee rules of credit cards in different banks. The annual fee of credit card is mostly around 100 yuan, and some banks stipulate that the annual fee can be waived by swiping it three times a year.
Matters needing attention
Actually, for most cardholders, the annual fee is not a problem. The key is whether the annual fee-free index is easy to achieve. From the survey, we found that most credit card centers did not adjust the original annual fee-free standard, only a few increased it.
/kloc-from August 0/3, most credit cards can be exempted from the annual fee for the first year, and the annual fee can be reduced or exempted when swiping the card for a certain number of times or a certain amount. The relatively low standards are the standard cards of China Construction Bank and China Everbright Bank. Cardholders can waive the annual fee for the following year as long as they swipe their cards three times a year. Among them, the cumulative number of swipes can be combined between the main card and the auxiliary card of Everbright Credit Card, that is, the main card and the auxiliary card swipe their cards for three times, which can be exempted from the annual fee.
The annual fee-free policy of Bank of Communications is the annual fee-free policy in the first year, and the annual fee-free policy in the next year if you swipe your card six times in one year (unlimited amount). The swipe times of the main card and the auxiliary card can be calculated together. However, the credit card center may introduce a new annual fee standard, which will be published on the website of the credit card center and inform cardholders accordingly. If the annual fee-free policy changes, cardholders should not forget to adjust their credit card strategy.
The annual fee-free policy of Shanghai Pudong Development Bank is quite special. Cardholders of standard Capka, gold card and some platinum cards (accelerated points and simple platinum) will be exempted from the annual fee for the following year by swiping their cards six times. Standard platinum cards and co-branded cards need to earn 30,000 points to avoid the annual fee for the following year. (Consumption 1 meta-product 1 points)
Minsheng Bank and Shenzhen Development Bank have relatively high annual fee-free standards. The former requires cardholders to swipe their cards eight times a year to avoid the annual fee of the following year, while the latter raises the standard to 18 times. Moreover, both credit card centers stipulate that the number of swipes of the main card and the auxiliary card should be calculated separately, and any card that fails to meet the standard needs to pay the corresponding annual fee.
In the annual fee-free policy of banks, the words "the first year" and "the second year" are generally involved, but the timing start time of each bank is different. Some banks, such as China Construction Bank and China Guangfa Bank, are exempt from the annual fee from the cardholder's card opening date to the second day of the following year, while some banks start from the card verification date or card making date, and then the annual fee amount is reflected in the bill of the month of the card verification date or card making date, such as Bank of Communications and China Merchants Bank.
In the latter case, if the cardholder does not use the card in the first year after applying for a credit card, and opens the card in the second year, it is likely that the annual fee will be charged directly, because according to the bank's timing rules, the cardholder's "first year" does not reach the number of swipes or the amount of swipes.
Platinum credit cards issued to high-end people not only have high annual fees, but also can hardly be exempted from annual fees. Platinum credit card holders can enjoy VIP service at the airport, golf discount reservation, discounts at specific hotels and shopping malls, etc. After presenting the card, some platinum credit cards, whether the cardholder is activated or not, need to pay an annual fee once they are issued.
For example, on the website of Industrial Bank's high-end golf platinum credit card, you can see an important reminder marked in bold red: "Once the card is issued, whether it is activated or not, an annual fee will be charged; Industrial Bank will not refund the annual fee it has collected; Industrial Bank is not responsible for the adverse effects of personal credit records caused by overdue payment of annual fees. "