Credit cards are free of annual fees. At the same time, major banks also have annual fee-free policies. The details are as follows:

1. Bank of China: All-currency international chip cards are free for life. The annual fee is waived for the following year if the Bank of China series card consumption is made 5 times in the current year.

2. Agricultural Bank of China: The Agricultural Bank of China Golden Harvest QQ co-branded IC card is free of annual fees for life, and other card types are free of annual fees for the next year by swiping the card 5 times in the same year.

3. China Construction Bank: The globally popular Visa card, MasterCard, Red Cross co-branded card and business card are free of annual fees, and other Gold Cards are free of annual fees for the following year when swiping the card three times in the year.

4. China Merchants Bank: All-currency credit cards, Samsung and Olympic VISA small cards are free of annual fees for life, and other Gold Cards are free of annual fees for the next year if you swipe the card 6 times in the same year.

5. Shanghai Pudong Development Bank: Except for some high-end card types, basically all products are free of annual fees.

6. Bank of Communications: UnionPay business cards are free of annual fees, and other Gold Cards are free of annual fees for the following year when swiping the card 6 times in the same year.

7. China CITIC Bank: Blue Card is exempt from annual fees, and other Gold Cards are exempt from annual fees for the following year if they use the card for consumption or cash withdrawal transactions 5 times in the current year.

8. Industrial and Commercial Bank of China: Shanghai Peony Unblocked Card and Peony Platinum Credit Card have cumulative consumption points of 4 million points. Other credit cards are free of annual fees for life after 10 years of use.