The first-year fee is waived once in the first month of the credit card, and the annual fee is waived five times. This means that if you activate and swipe the card in the first month after receiving the credit card, the annual fee will be waived. The specific annual fee collection method is determined by each card issuing bank.

According to Article 37 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", the text of credit card application materials printed by the card-issuing bank shall contain at least the following elements:

(1) Applicant information : Number, applicant name, valid ID name, ID number, unit name, unit address, residential address, billing address, contact number, contact name, contact phone number, contact verification information, other verification information, etc.;

(2) Contract information: receipt contract (agreement), credit card regulations, important reminders, notification methods of changes in contract information, etc.;

(3) Fee information: main charging items and charging levels, charging information query channels, notification methods for changes in charging information, etc.;

(4) Other information: the credit card held by the applicant and its credit limit, applicant statement, applicant confirmation column, etc. and signature area, card-issuing bank service phone number and bank website, complaint channels, etc.

The "Important Tips" should be listed in a conspicuous manner in the credit card application materials, including at least the basic conditions for applying for a credit card, the required basic application information, interest calculation rules, annual fees/late fees/over-limit fees Collection methods, tips on reading and signing the contract (agreement), tips on the security and confidentiality of applicant information, tips on legal responsibilities and handling measures related to illegal use of credit cards, and other content that has a significant impact on the applicant's credit and rights and obligations. and other information.

Extended information:

Article 49 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" The card-issuing bank shall establish operating procedures for credit card activation, and shall verify the identity information of the credit card holder before activation. Check. Credit cards whose use contract (agreement) has not been confirmed by the applicant's signature and whose identity has not been confirmed by the activation procedure shall not be activated. New credit cards, lost cards, damaged cards, expired cards, etc. must be activated before they can be used by cardholders.

No fees may be deducted from the credit card without activation by the cardholder. Under special circumstances, the cardholder alone authorizes the deduction of fees in writing, customer service phone recordings, electronic signatures, and methods mutually recognized by the cardholder and the card-issuing bank, except for the creditor-debt relationship that has been formed when the card is replaced. No gifts or gift certificates may be issued without the credit card being activated and used by the cardholder.

Baidu Encyclopedia - Measures for the Supervision and Administration of Credit Card Business of Commercial Banks