Credit card annual fee-free skills

1, annual fee-free policy for the first year: In other words, cardholders are generally exempt from the annual fee in the first year when they apply for a credit card, and the annual fee for the next year can be waived if the number of swipes reaches a certain standard. However, some banks are exceptions. For example, the annual fee for ICBC credit cards is inevitable in the first year. If you swipe your card for 5 times or spend more than 5,000 yuan, you can avoid the annual fee of the current year. The credit card of CITIC Bank is free of annual fee in the first year, and it must be swiped within the first month after issuance.

2. Annual fee-free policy for the following year: China Everbright Bank and China Construction Bank stipulate that the annual fee for the following year can be exempted by swiping the card three times this year; Most banks, such as Agricultural Bank, Bank of China, Industrial and Commercial Bank of China, China Merchants Bank and Bank of Communications, maintain the annual fee-free standard at 5-6 times in the following year.

3. Effective swipe times: According to the regulations of the bank, the annual fee can only be waived if a certain number of valid swipe times are reached. This valid swipe number refers to the cardholder's swipe spending in supermarkets, shopping malls and other physical stores, while online spending is not included in the number of periods, so please remember that online swipe spending cannot be exempted from annual fees.