Credit card agents always waive the annual fee in the first year and the annual fee in the second year when the card is up to a certain standard, but not all cards are like this. For example, ICBC's credit card does not charge an annual fee in the first year, but it needs to be swiped five times or spend more than 5,000 yuan to avoid the annual fee for that year; According to the regulations of China CITIC Bank, the annual fee for the first year can only be waived if you swipe your card once in the first month after issuing the card.
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Most bank cards, including savings cards (debit cards) and credit cards, charge an annual fee, and a specified amount of fees are deducted from the corresponding accounts every year, which is called the annual fee. Usually, the annual fee of credit cards is high, and different types of credit cards also have different annual fees. You need to check the relevant bank regulations or terms of the agreement. For some special customers or certain conditions, the bank may also waive the annual fee.
The annual fee for ordinary debit cards is generally 10 yuan/year, and some cards, such as salary cards and provident fund accounts, are exempt from annual fees. In addition, there are many joint-stock banks that are free.