Do all credit cards charge an annual fee?

Credit cards charge an annual fee. Credit cards have card grades such as general card, gold card and platinum card. Different card grades have different annual fees. Although it is said that the annual fee can be reduced as long as the number of swipes or the amount of swipes is reached by Puka and Gold Card. However, the annual fee of most platinum cards is rigid, and users can't reduce it by swiping their cards.

in a word, if users don't want to pay the annual credit card fee, it's best to apply for a general card or a gold card. Although the annual fee of Platinum Card is higher, its rights and interests will be much better than Puka and Gold Card.

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.

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 the Exemption of Some Service Charges by 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 wages and small account management fees, bill printing fees, password modification and password reset fees.

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 charge an annual fee of about 1 yuan.

The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal.

On December 1, 217, the English Translation and Writing Standard for Public Service was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

Is there an annual fee for credit cards?

Most banks have annual fees for credit cards, and only a small number of credit cards offer the right of free annual fees for life. According to different banks and different types and grades of credit cards, the annual fee of credit card is different. For example, the annual fee of China Industrial and Commercial Bank of China is 5 yuan, and the annual fee of gold card is 1 yuan. Although there is an annual fee, except for a small number of high-cost credit cards, most ordinary cards and even gold cards have an annual fee reduction policy. For example, some credit cards of CITIC Bank can be exempted from the annual fee in the first year if they are swiped or withdrawn once within 3 days of card approval, and the annual fee in the following year can be exempted if they are swiped or withdrawn five times in a year.

according to article 7 of the measures for the supervision and administration of credit card business of commercial banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.

The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

On May 25th, 221, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards

Interpretation

According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, a credit card refers to various media that record the relevant information of the cardholder's account, have the function of bank credit line and overdraft, and provide relevant banking services for the cardholder.

Do all credit cards have an annual fee?

Annual fee is a fixed fee for credit cards. It can be said that all credit cards have an annual fee. However, in order to make cardholders really enjoy affordable cards, major banks have continuously expanded the scope of annual fee exemption or lowered the threshold for annual fee collection. Let's take a look.

Credit cards issued by banks generally require annual fees, and different levels of credit cards have different annual fees. The higher the credit card level, the more expensive the annual fees, ranging from 8 to 1 yuan for ordinary cards, several hundred yuan for gold cards and several hundred to several thousand yuan for platinum cards.

In order to attract more customers to apply for cards, various banks have offered

preferential conditions, as follows:

1. Free annual fee for new household cards:

For example, Shanghai Pudong Development Bank stipulates that new household cards are free of annual fee for life within the card validity period, and credit cards that can enjoy this policy include general cards, gold cards, co-branded cards and some related theme cards, while platinum cards cannot be free of annual fee.

for example, some commercial banks stipulate that the basic annual fee of Platinum Card will be exempted during the validity period of their private banking customers' cards, and the basic annual fee of private banking customers who meet the renewal standards will continue to be exempted during the validity period, and the basic annual fee of private banking customers who fail to meet the renewal standards will be charged by half.

2. The annual fee for the following year is exempted if the conditions are met

In addition to the annual fee exemption for the first year, major banks have also introduced corresponding annual fee reduction and exemption policies, which can reduce the annual fee for the following year as long as the number of swipes in the current year reaches the standard, but it is generally only applicable to ordinary cards and some gold cards.

for example, ICBC's credit card needs to be swiped for 5 times in the first year, or the consumption reaches 5, yuan, so the annual fee for that year can be exempted;

For example, most banks, such as Bank of Communications, Shanghai Pudong Development Bank, China Merchants Bank and Ping An Bank, do not have to pay the annual fee if they swipe their cards for six times in the current year, and the annual fee will be waived if they swipe their cards for six times in the next year, and so on.

For example, Bank of China, Agricultural Bank, Industrial and Commercial Bank of China, Huaxia Bank and Industrial Bank can be exempted from the annual fee of the following year if they are swiped five times in the same year;

For example, China Construction Bank and China Everbright Bank can waive the annual fee for the following year as long as they meet it three times a year.

finally, I would like to remind you that the year of the free credit card swiping policy is not calculated according to the natural year, but according to the date when the credit card is issued by the system.

For example, for example, the cardholder got the issued card in early February of 217, and it will not be a full year until next February. If it has reached the one-year period stipulated by the bank and the cardholder has not met the number of times of swiping the card, then the annual fee will be deducted.

Is the credit card free of annual fee?

The annual fee standard of China Merchants Bank's credit card is as follows:

General card: 1 yuan/year and supplementary card: 5 yuan/year;

gold card: 3 yuan/year, supplementary card: 15 yuan/year.

the annual fee is free in the first year, and the annual fee of the card in the next year can be exempted if a single card is consumed for six times at will, and so on (except for high-end cards, business cards and individual special credit cards).

for more information about the annual fee, please click here to learn about webpage links.

Tips: If the annual fee has been generated and further consultation is needed, you can call the credit card hotline at 4-82-5555 for confirmation.