Free annual fee during the validity period means that the credit card is free of annual fee during the validity period. Credit cards are generally valid for five years, that is to say, no matter whether the cardholder is activated or not, no matter whether the conditions of swiping the card or withdrawing cash are met, the annual fee is exempted for five years. Some bank credit cards can be exempted from the annual fee (unlimited amount) when handling a certain number of transactions (including credit card swiping, cash withdrawal, online payment and other pass deductions). ), and some credit cards are free of annual fees during the validity period.

1. If the credit card is not activated, there will be no annual fee (unless the bank has been authorized in writing or by telephone). If the cardholder's card is a product with a rigid annual fee, it is usually inevitable for the cardholder to charge an annual fee after activating the card because of its unique rights and interests; Whether the high-end credit card is activated or not, an annual fee will be charged after the card is approved. For the new card after the credit card expires, the annual fee collection policy is the same as that of the old card; Annual fee refers to each card year, and the cardholder can judge according to the validity period of his card. The month within the validity period is the beginning month of the card-holding year, and the month of the following year is the card-holding year.

2. The bank card annual fee usually refers to the debit card annual fee, but broadly includes the credit card annual fee and the online banking annual fee. Some debit cards charge an annual fee, and some banks waive the annual fee. Credit cards generally charge an annual fee, and the fee is high, ranging from several hundred.

3. In fact, as early as 20 1 1, the China Banking Regulatory Commission, the People's Bank of China and the National Development and Reform Commission jointly issued the Notice on Exempting Some Service Charges from Banking Financial Institutions, requiring banking financial institutions to exempt 34 service charges from 1 1 RMB personal accounts in July of that year. However, the annual bank fee has not been cancelled with the notice, and the four major state-owned banks continue to charge annual fees. Medium-sized comprehensive commercial banks such as Minsheng Bank, Industrial Bank, China Everbright Bank, China Merchants Bank, Ping An Bank, Shanghai Pudong Development Bank and China CITIC Bank all have no annual fees. Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank will charge an annual fee of about 10 yuan.