The advantage of CITIC Bank's high annual credit card fee is that it enjoys more preferential treatment. Because the annual fee of CITIC Bank's credit card is high, it means that the amount of the card is high, so it can enjoy more preferential treatment and become the largest customer. CHINACITICBANK, formerly known as CITIC Industrial Bank, was founded in 1987 and renamed at the end of 2005. CITIC Bank is one of the national commercial banks in China, with its headquarters in Beijing. The major shareholder is China CITIC Company Limited.