The annual fee of credit card refers to the one-year use fee of credit card. In order to encourage consumption, the bank has given various annual fee reduction policies.
Generally, the annual credit card fee starts after the cardholder activates the credit card and is charged annually. The annual fee charged varies from bank to bank and card type.
Is the annual fee for credit card swiping free every year?
Credit card is free of annual fee. During the validity period of the credit card, the annual fee can be waived for swiping the card, and most bank credit cards are exempt from the annual fee in the first year. So as long as the number of swipes or the amount of swipes in the first year meets the requirements, the system will automatically reduce the annual fee for the next year. Of course, the annual fee for the first year is not reduced, and the annual fee for the first year will be reduced by the number of swipes or the amount of swipes in the first year.