Most bank credit cards have an annual fee, and only a few credit cards offer a lifetime free annual fee discount. According to different banks, different card types and grades, the annual fee of credit cards is different. For example, the annual fee of China Industrial and Commercial Bank is 50 yuan, and the annual fee of gold card is 100 yuan. Although there is an annual fee, except for a few high-cost credit cards, most ordinary cards and even gold cards have an annual fee reduction policy. For example, some credit cards of CITIC Bank can be exempted from the annual fee for the first year if they are swiped or withdrawn once within 30 days of card approval, and the annual fee for the next year can be exempted if they are swiped or withdrawn five times within one year.
According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.
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 standards for public services were formally implemented, and the English names of credit cards were specified.
Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.
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 promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.
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According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.
Is there an annual fee for credit cards?
Credit cards charge an annual fee, but each bank and different credit cards charge different annual fees. However, all banks also have an annual fee-free policy.
First, the bank annual fee collection standard:
According to the annual fee policies of various banks, the annual fee for standard credit cards is about 100 yuan, while the annual fee for gold cards is generally in 200 yuan or 300 yuan. Moreover, the annual fee of a single-currency card is lower than that of a dual-currency card, and the annual fee of a secondary card is generally halved corresponding to the annual fee of the main card. Of course, there are also banks that implement the policy of annual fee for ordinary cards in 80 yuan and annual fee for gold cards 160 yuan, such as Bank of Communications Credit Card. Bank of Communications credit card RMB single currency Capka annual fee 80 yuan, Gold Card 160 yuan; Dual currency Capka 140 yuan, Jinka 200 yuan.
However, the annual fee standard of credit cards of different banks will be different according to different cards. For example, the annual fee of the standard credit card of Shanghai Pudong Development Bank is the main card 180 yuan and the auxiliary card 90 yuan; Gold card annual fee 360 yuan, main card, auxiliary card 180 yuan; Annual fee for Pudong Development Co-branded Card 360 yuan; As for PUFA McDull series credit cards, the signboard of "Free Annual Fee for Life" has been put up. Therefore, even for credit cards issued by the same credit card center, the annual fee standard will be very different. Cardholders should first ask how high this "potential cost" is when handling cards.
Extended answer:
Annual fee-free policies of banks:
Postal savings: Puka official card is free of annual fee; 50 yuan/year is the main card of the traffic co-branded card, and the annual fee of the following year is exempted when swiping the card for 6 times, and it is valid until 20 16 12 3 1. For other card types, please refer to official website, or consult the bank's customer service telephone number 95580.
Citic: swipe your card or withdraw cash once within 30 days of card approval, free of the annual fee for the first year, and swipe your card or withdraw cash five times within one year, free of the annual fee for the next year. For other card types, please refer to official website, or consult the bank's customer service telephone number 95558.
Huaxia: the annual fee is free in the first year, and the annual fee is free in the following year after brushing for 5 times; For other card types, please refer to official website, or consult the bank's customer service telephone number 95577.
Bank of Communications: the annual fee is free in the first year, and the annual fee in the following year can be exempted after six swipes. There is no annual fee-free policy for Bank of Communications Platinum Credit Card. See official website for other card types.
Ping An: Free of annual fee in the first year, and free of annual fee in the following year by swiping the card 6 times (except platinum card and owner card). For other card types, please refer to official website, or consult the customer service telephone number of the bank at 955 1 1 ext.
Agricultural Bank of China: the annual fee is free in the first year, and the annual fee is free for five swipes in the second year. For other card types, please refer to official website or consult the customer service telephone number of the bank at 95599.
ICBC: Puka and Gold Cards are swiped five times a year, free of annual fees; The accumulated consumption of Platinum Card in one year is 200,000 RMB or equivalent foreign currency; The annual fee of UnionPay standard platinum card except UnionPay Zunshang Platinum Card, Dual-core Combination Platinum Card and UnionPay Multi-currency Platinum Card is charged at 10% discount. For other card types, please refer to official website or consult the customer service telephone number of the bank at 95588.
CCB: Puka is brushed 3 times a year, free of annual fee; Standard Platinum Card 10 charge, Red Cross member Dragon Card and Provident Fund Credit Card are free of annual fee within the validity period; For other card types, please refer to official website, or consult the customer service telephone number of the bank at 95533.
Bank of China: Puka Gold Card swipes the card for five times without the annual fee of the following year. For other card types, please refer to official website, or consult the bank's customer service telephone number 95566.
Do I have to pay an annual fee for the credit card?
Credit cards charge an annual fee. Credit cards include ordinary cards, gold cards and platinum cards. Different card grades have different annual fees. Although, as long as the number of swipes or the amount of swipes is reached, the annual fee can be reduced or exempted. However, the annual fee of most platinum cards is rigid, and users cannot reduce it by swiping their cards.
In short, if users don't want to pay the annual credit card fee, it's best to apply for a regular card or a gold card. Although the annual fee of Platinum Card is higher, its rights and interests will be much better than Puka and Gold Card.
The main features of credit cards:
1. Credit card is one of the fastest-growing financial services, and it can replace the traditional cash circulation in a certain range.
2. Credit card has both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also use credit cards to obtain certain loans from card issuers;
Credit card is a high-tech product integrating financial business and computer technology.
4. Credit cards can reduce the use of cash and currency;
5. Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;
6. Credit cards can simplify the collection procedures and save social labor;
7. Credit cards can promote commodity sales and social needs.
Main types
According to the different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or they can withdraw cash at any time at the outlets of the issuing bank or at places with ATMs.
Non-bank card. This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are specially used for shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment card is a credit card issued by airlines, travel companies and other service industries, which is used for ticket purchase, dining, accommodation, entertainment and so on.
According to the different issuing banks, it can be divided into corporate cards and personal cards.
Company card. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, state party and government organs, armed forces, organizations and other legal person organizations.
Personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. The personal card is applied in the name of an individual and bears all the responsibilities for its use.
According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.
Ordinary card. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and the requirements are not high.
Gold card. Gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are institutions with high credit, strong repayment ability, credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are wider, so the requirements for related service fees and deposits are higher.
Is there an annual fee for credit cards? how much is it?
Credit cards have an annual fee, and the annual fee is: 1. The cardholder has not activated the credit card, and the bank does not charge an annual fee; 2. Different types of credit cards have different annual fees. Take the Agricultural Bank of China as an example, the annual fee for gold card is 160 yuan, and the annual fee for ordinary card is 80 yuan. The annual fee of the supplementary card is half of the annual fee of the main card; 3. When the number or amount of swiping cards meets certain conditions, the annual fee for the following year will be exempted. For example, if the consumption of Shanghai Pudong Development Bank reaches 2,000 yuan or more, the annual fee for the following year will be exempted.
Credit card annual fee rules refer to some corresponding provisions of credit card annual fee. Before the cardholder activates the credit card, the bank shall not charge an annual fee. But most people know little about the annual fee rules of credit cards in different banks. The annual fee of credit card is mostly around 100 yuan, and some banks stipulate that the annual fee can be waived by swiping it three times a year.
Although the China Banking Regulatory Commission issued a notice as early as July, stipulating that banks should not charge annual fees before cardholders are activated, many cardholders are still confused about the various rules for handling annual fees with different bank credit cards.
"I have several credit cards from different banks, some of which are free of annual fees for six times, some of which stipulate that the accumulated consumption is more than 5,000 yuan, and some stipulate that 3,000 points are free of annual fees." Ms. Xu, who works in a foreign-funded enterprise, told the reporter that in order to find out the annual fees of different credit cards, she specially called each credit card center to find out, and then wrote it down to avoid the situation that some credit cards would generate annual fees in the following year because the number of swipes or the amount was not up to standard.
ICBC [5.4 12.85%] has the lowest average annual fee.
According to the statistics of Yinlv.com, a financial research institution, the average annual fee of gold card and ordinary card of ICBC is the lowest, which is about 100 yuan. The average annual fee for gold and ordinary cards of Shanghai Pudong Development Bank [23.204.93%] is higher than that of ICBC 150 yuan.
Different types of credit cards launched by the same bank have different annual fee rules. For example, the annual fee of Peony International Credit Card of ICBC is 100 yuan, while the annual fee of Peony 60th Anniversary Credit Card is only in 50 yuan. This is due to the difference in annual fees caused by different card issuers. The issuers of Peony International Credit Card are UnionPay and MasterCard or UnionPay and VISA, and the issuers of Peony 60th Anniversary Credit Card are UnionPay.
Financial experts in Yinlv.com also pointed out that the annual fees of single-currency cards and dual-currency cards are often different. For example, the annual fee for standard dual-currency card of Guangfa Bank is 90 yuan, while the annual fee for RMB card of Guangfa Bank is 40 yuan.
Even for different types of credit cards handled by the same bank, the rules of annual fee and annual fee exemption are different. If you want to be a "card god", the first step is to clearly know the annual fee rules for holding a credit card.
Is it true that credit cards have annual fees? This is the end of the introduction. I wonder if you found the information you need from it?