The annual fee standards of credit cards in different banks are different, and the annual fees of different credit cards in the same bank are also different. However, at present, credit cards issued by domestic banks usually adopt the policy of free annual fee in the first year and free annual fee in the next year after swiping the card for a certain number of times (except for some platinum credit cards), so as long as the credit card can meet the consumption standards required by the bank, it is equivalent to no annual fee. For example, the credit cards of Bank of China, Agricultural Bank and Industrial Bank are exempt from the annual fee in the first year, and the annual fee in the following year is exempted if you swipe your card five times in one year; ICBC credit cards are swiped five times a year, and the annual fee of the current year is exempted (the annual fee of ICBC credit cards is charged at the end of the natural year, not in advance, so there is no saying that the annual fee is exempted in the first year); China Construction Bank's credit card is free of annual fee in the first year, and it is free of annual fee in the following year if it is swiped three times in one year; Bank of Communications Bank Credit Card is exempt from the annual fee in the first year, and it can be exempted from the annual fee in the following year if it is swiped six times a year (Bank of Communications Platinum Credit Card has no annual fee exemption policy).
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standard for public services was formally implemented, and the English names of credit cards were specified.
Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).
On May 25th, 2002/KLOC-0, the Supreme People's Court promulgated and implemented the Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Civil Disputes over Bank Cards.