The annual fee for a credit card is calculated and levied after the card is opened. The annual fee cannot be charged for unactivated credit cards.

According to Article 49 of the "Regulations on 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. 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.

Extended information:

Article 53 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks Over-limit fees will be deducted in the form. Cardholders can activate or cancel card services exceeding the credit limit verbally (customer service call recording), electronically, or in writing.

The card-issuing bank must provide information on the form and calculation method of over-limit fees before activating the service for cardholders to use the card beyond the credit limit, and clearly inform the cardholder of the ability to cancel the use of the card beyond the credit limit. Right to Service. After the card-issuing bank charges an over-limit fee, it shall clearly list the amount of the over-limit fee in the corresponding billing cycle in the statement.

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