Free annual fee during the validity period means that the annual fee of the credit card is free during the validity period of the credit card. The validity period of a credit card is generally five years, that is to say, no matter whether the cardholder is activated or not, no matter whether the conditions of swiping the card or withdrawing cash are met, the annual fee is exempted within five years. Some bank credit cards can be exempted from the annual fee (unlimited amount) when they handle a certain number of transactions (including credit card swiping, cash withdrawal, online payment, etc pass deduction, etc.), and some credit cards are exempted from the annual fee within the validity period.

1. If the credit card is not activated, there will be no annual fee (except when the bank has been authorized to collect it by writing or telephone). If the cardholder's card is a product with a rigid annual fee, it is usually inevitable that the annual fee will be charged after the cardholder activates the card because of its unique rights and interests; Whether the high-end credit card is activated or not, the annual fee will be charged after the card is approved. For new cards after the credit card expires, the annual fee collection policy is the same as that of the old card; The annual fee refers to each card-holding year, and cardholders can judge according to the validity period of their cards. The month in the validity period is the beginning month of a card-holding year, and the month of the next year is a card-holding year.

2. The annual fee of bank card usually refers to the annual fee of debit card, but it broadly includes the annual fee of credit card and online banking. Debit cards are partially charged with annual fees, and some banks are exempt from annual fees. The annual fee of credit card is generally charged, and the fee is high, ranging from several hundred.

3. In fact, as early as 211, the China Banking Regulatory Commission, the People's Bank of China and the National Development and Reform Commission jointly issued the Notice on Exempting Some Service Charges from Banking Financial Institutions, requiring banking financial institutions to exempt 34 service charges in 11 categories of RMB personal accounts from July 1 of that year, including annual fees for specific accounts such as salaries, small account management fees, bill printing fees, password modification and password reset fees, etc. However, the annual bank fee has not been cancelled with the notice, and the four major state-owned banks continue to charge annual fees. Medium-sized comprehensive commercial banks such as Minsheng Bank, Industrial Bank, China Everbright Bank, China Merchants Bank, Ping An Bank, Shanghai Pudong Development Bank and China CITIC Bank all have no annual fees. Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank will charge an annual fee of about 1 yuan.