How can I avoid deducting annual fees on my credit card? Just do two things well

The annual credit card fee is equivalent to the management fee and is charged every year. Many cardholders do not want to pay this fee and ask how to avoid deducting the annual fee from their credit card? In fact, it is very simple, as long as you do two things, you can easily solve it. Here I will give you a brief introduction. Card friends who have similar questions may wish to learn more about it together.

How can I avoid deducting annual fees on my credit card?

1. Apply for ordinary credit cards

Ordinary credit cards refer to credit cards below platinum card, that is, ordinary card and gold card.

Although regular cards and gold cards also have annual fees, the annual fees are not rigid and will not be deducted if the card is not activated after application. After activation, it is generally as long as the reduction conditions are met before the annual fee is settled. No fees will be charged. Platinum cards mostly have a rigid annual fee. If the card is approved successfully, the annual fee will be deducted even if it is not activated, and most of them cannot be reduced.

2. Remember the annual fee settlement time

After activating an ordinary credit card, you should also pay attention to the annual fee being deducted, because even if the annual fee can be reduced or exempted, the cardholder still needs to meet the requirements. This condition is sufficient. The annual fee is not automatically waived if you do nothing. For most ordinary credit cards, the number of card swipes reaches a certain limit before the annual fee is settled.

So cardholders must first remember the annual fee settlement time of their credit card. Many banks use the card validity period as the basis, some use the card activation date, and some use the card issuance date. Please refer to the card issuing bank for details.

What should I do if my annual fee is deducted?

The annual fee deducted will generally be included in the latest bill balance. Cardholders must repay the money before the end of the repayment date to avoid overdue payment.

If the annual fee is deducted for a non-rigid annual fee card, after successful repayment, call the bank customer service to inquire whether the annual fee can be refunded.

The above is the relevant introduction to "How to avoid deducting annual fees on credit cards". I hope it will be helpful to everyone.

What’s up with the annual fee exemption for credit cards?

The annual fee-free credit card is a bank's credit card consumption method. Usually, the annual fee is waived by swiping the card several times a year.

Take China Merchants Bank as an example to introduce:

China Merchants Bank’s annual fee exemption standard for various credit cards: annual fee exemption in the first year, and annual fee exemption policy in the second year after the card is opened

< p>1. Regular cards and gold cards (including various co-branded cards): 6 transactions within a year starting from the month when the credit card is successfully approved (each transaction is not limited to the amount and transaction type) and the annual fee for the next year is waived. ;

2. MINI cards (including MSN cards) cannot be exempted from annual fees. If you have other China Merchants Bank credit cards, the annual fee is ￥100/year;

3. Titanium Card: The annual fee for the following year will be waived for 6 transactions within a year starting from the month when the credit card is successfully approved (each transaction is not limited to the amount and transaction type);

4. Platinum Card: Use a China Merchants Bank Credit Card 10,000 points can be exchanged for the next year’s annual fee;

5. Unlimited Card: There is currently no exemption policy for the next year’s annual fee.

What should I do if my bank card does not have enough money to deduct the annual fee but the deduction is not successful

If the bank card annual fee deduction fails, the system will initiate a supplementary deduction. As long as you deposit money into the card in time, the system will Once the deduction is completed, there will be no negative impact. Or the user calls the customer service hotline of the card-issuing bank to inquire about how to solve the problem if the annual fee deduction fails. Failure to deduct the annual fee may result in your bank card being frozen. Please pay attention to paying the annual fee on time.

If the bank card annual fee deduction fails, no overdue record will be generated. However, if the credit card annual fee deduction fails and the subsequent payment is not successful, an overdue record will be generated.

The annual bank card fee refers to the annual fixed fee charged by China's commercial banks for bank accounts. The annual bank card fee is collected once a year and the bank debits it from the account. Starting from August 1, 2017, annual bank card management fees will be cancelled, and charges for some basic financial services of commercial banks will be suspended.

Bank card annual fees usually refer to debit card annual fees, but in a broad sense, they include credit card annual fees, online banking annual fees, etc. Debit cards charge an annual fee, but some banks waive the annual fee. Credit card annual fees are generally charged, and the fees are high, ranging from several hundred.

In fact, as early as 2011, the China Banking Regulatory Commission, the People's Bank of China, and the National Development and Reform Commission jointly issued the "Notice on the Exemption of Certain Service Charges by Banking Financial Institutions", requiring banking financial institutions to voluntarily Starting from July 1 of that year, 34 service charges in 11 categories for RMB personal accounts were exempted, including annual fees for specific accounts such as salary and small account management fees, bill printing fees, password modification and password reset handling fees, etc.

However, the annual bank fees were not canceled following the notice, and all four major state-owned banks continued to charge annual fees. Medium-sized comprehensive commercial banks such as Minsheng Bank, Industrial Bank, China Everbright Bank, China Merchants Bank, Ping An Bank, Shanghai Pudong Development Bank, and CITIC Bank all have no annual fees. The Industrial and Commercial Bank of China, Agricultural Bank of China, and China Construction Bank charge an annual fee of about 10 yuan.

Account management fee charging standards for each bank:

Industrial and Commercial Bank of China: A small account management fee of RMB 3 per quarter will be charged if the amount is less than RMB 300.

Agricultural Bank of China: A small account management fee of 3 yuan/quarter will be charged if the amount is less than 300-500 yuan.

China Construction Bank: If the amount is less than 300-500 yuan, a small account management fee of 3 yuan/quarter will be charged.

Bank of China: A small account management fee of 3 yuan/quarter is charged for amounts less than 500 yuan.

Bank of Communications: A small account management fee of 3 yuan/quarter will be charged if the amount is less than 300 yuan.

Postal Savings Bank of China: The management fee for small accounts less than 100 yuan is 3 yuan per quarter.

China Minsheng Bank: Shenzhen City charges a one-time small account management fee of 36 yuan/year for accounts less than 5,000 yuan (five thousand yuan).

China Everbright Bank: Currently does not charge small account management fees.

CITIC Bank: Currently does not charge small account management fees.

1 Hua Xia Bank: Currently does not charge small account management fees.

Why is there no annual fee for the Bank of China Mobile Yougou Credit Card?

The Bank of China Mobile Yougou Credit Card enjoys the discount of the first-year annual fee and the second-year annual fee is waived by swiping the card 5 times. If you have any questions, you can call the Bank of China credit card customer service hotline for verification.

The above content is for your reference, please refer to actual business regulations.

This ends the introduction on why the annual credit card fee is not deducted and why the annual credit card fee is not deducted. I wonder if you found the information you need?