The annual credit card fee will be deducted directly from the credit card limit and then calculated into the next bill for the cardholder to repay. Moreover, the annual credit card fee is not limited by the credit card quota, so even if the credit card quota is not enough, the annual fee will be deducted as usual. Before the cardholder activates the credit card, the bank shall not charge an annual fee. However, most people know little about the various rules for different banks to handle annual credit card fees. 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.

Basic introduction

According to the statistics of Yinlv.com, a financial research institution, the average annual fee of gold card and ordinary card of ICBC is the lowest, which is about 100 yuan. The average annual fee for gold and ordinary cards of Shanghai Pudong Development Bank [23.204.93%] is higher than that of ICBC 150 yuan.

Different types of credit cards launched by the same bank have different annual fee rules. For example, the annual fee of Peony International Credit Card of ICBC is 100 yuan, while the annual fee of Peony 60th Anniversary Credit Card is only in 50 yuan. This is due to the difference in annual fees caused by different card issuers. The issuers of Peony International Credit Card are UnionPay and MasterCard or UnionPay and VISA, and the issuers of Peony 60th Anniversary Credit Card are UnionPay.

Financial experts in Yinlv.com also pointed out that the annual fees of single-currency cards and dual-currency cards are often different. For example, the annual fee for standard dual-currency card of Guangfa Bank is 90 yuan, while the annual fee for RMB card of Guangfa Bank is 40 yuan.

Free annual fee rule

Of course, it is not cost-effective to apply for a card without paying, and you have to pay an annual fee. However, different banks have different annual fee-free rules, which makes it easy for cardholders to inadvertently generate annual fees.

Cardholders generally think that credit card agents are exempt from annual fees in the first year, but not all cards are exempt from annual fees in the second year when their credit cards reach a certain standard. For example, ICBC's credit card does not charge an annual fee in the first year, but it needs to be swiped five times or spend more than 5,000 yuan to avoid the annual fee for that year; According to the regulations of China CITIC Bank, the annual fee for the first year can only be waived if you swipe your card once in the first month after issuing the card.

Matters needing attention

/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.