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Why is there an annual fee for credit cards?
Bear the cost. Every time a bank issues a credit card, it has a certain cost and carries certain rights and interests. These equity banks have to bear the cost. Banks are actually creating benefits for customers at a loss, so they must earn it back from the annual fee. According to the bank's definition of annual credit card fee, this is a service fee of the bank. After all, the bank credit card center provides services for cardholders all the year round.