How much is the annual credit card fee?
Credit card annual fee rules refer to the corresponding provisions of bank card annual fee. Before the cardholder activates the credit card, the bank shall not charge an annual fee.
However, from the current situation, the rules of annual credit card fees of different banks are different, and some banks need to pay annual fees even if their credit cards are not activated.
Why do I charge an annual fee for my credit card? First of all, there is a cost for banks to issue new credit cards every time. For example, the basic salary of the card clerk, the commission of the card, such as the production cost of the card, such as the mailing cost of the card. If the bank bears such a high cost, and the credit card you get is not used and cannot contribute to the bank's income, then the bank is doomed to lose money, so the bank will have an annual fee.
Secondly, it is because every credit card is issued with certain rights and interests. For example, Ping An's owner card will get a 8.8% discount on gas, such as watching movies with CITIC Bank Card in 9 yuan, such as the VIP channel in the ICBC terminal, and so on. These equity banks must bear the cost. Banks are actually creating benefits for customers at a loss, so they must earn it back from the annual fee. This is basically the reason why the annual fee is linked to the rights and interests. Generally, the annual fee is relatively low and the rights and interests are low; The higher the annual fee, the higher the rights. At present, the annual fee is generally tens of dollars, and many of them reach tens of thousands.
What happens if you don't pay the annual credit card fee?
If the annual fee of a credit card is rigid, it must be paid. Failure to pay the annual fee will produce overdue records and affect personal credit information. The annual fee of credit card can be reduced for life, or it can be reduced by swiping the card. At this time, the annual fee can be waived. As long as the user meets the conditions of annual fee waiver, the system will automatically waive the annual fee.
In addition, the credit card charges an annual fee, and the user can get the annual fee back in the form of a supplementary brush, so the annual fee can still be reduced or exempted.