What happens if there is no annual credit card fee?
If the annual credit card fee is not paid back, it will be deemed overdue. On the one hand, overdue credit cards will generate corresponding penalty interest, and at the same time, there will be corresponding expenses such as late payment fees and liquidated damages, which will lead to an increase in personal liabilities; On the other hand, credit card is a bank's credit product, which is connected with the credit information system. Non-repayment will have a negative impact on personal credit information, leading to the inability to apply for credit products in the future, and even being sued by banks in serious cases.
For the annual fee of credit cards, in fact, many bank credit cards have an annual fee-free policy. As long as cardholders can swipe their cards according to the requirements of the bank, they are basically free of annual fees. Don't worry, the annual fee has been deducted from the credit card. Many banks can also apply to the bank for a refund of the annual fee through credit card recharge. If the cardholder can meet the standard, the bank will refund the deducted annual fee to the cardholder.
With regard to the provision of annual fee-free credit cards, taking China Construction Bank as an example, three/six annual fee-free credit cards are traded, and the annual fee can be refunded if three more credit cards are swiped within three months after the annual fee is generated; For the 10 credit card without annual fee, the annual fee can be refunded if 5 credit cards are added within 3 months after the annual fee is generated.