Credit cards have annual fee exemption conditions. Generally speaking, if you use a credit card for a certain number of times, the annual fee will be waived. Next, take the Bank of Communications credit card as an example. Let’s take a look with the editor.

How many times a year can the Bank of Communications credit card be used to waive the annual fee?

6 times. According to the regulations of the Bank of Communications, gold cards and regular cards are exempt from annual fees in the first year, and will be exempted from annual fees in the following year if there are 6 transactions per year. Among them, 6 transactions generally refer to card consumption, POS consumption, online consumption and cash withdrawal transactions. When the main card and supplementary card are used together, the number of consumption transactions will be calculated together. In addition, if the account is not activated, the annual credit card fee will not be charged (except for some high-end credit cards).

The following are the annual fee reduction conditions for several other credit cards:

1 Youyi Platinum Card and Huanran Platinum Card: The annual fee for the main card is 500 yuan/year (the basic annual fee for supplementary cards is waived) ), the annual fee is waived in the first year, and the annual fee is waived for the next year after 6 transactions per year.

2 Platinum credit card: includes four categories, namely Rika Platinum Credit Card: ￥900/year; Standard Platinum Credit Card: ￥1000/year; Private Bank Platinum Card: ￥3000/year and super high-end credit card: ￥4800/year.

①Excluding private bank platinum cards:

From January 1, 2022 to December 31, 2022 (card approval time), the first platinum card holder of a private bank customer whose assets meet the standard There is no annual fee during the card period; for Ward Financial Management customers whose assets meet the standard, the first Platinum Card is exempt from the annual fee in the first year, and the annual fee will be RMB 500 from the following year.

Among them, asset compliance requires private banking customers to have assets that meet the standard for three consecutive months, with average daily assets of 6 million yuan or more; Ward wealth management customer assets to meet the standard, with three consecutive quarterly average daily assets of more than or equal to 500,000 yuan. yuan, less than 6 million yuan. And the assets do not include mortgages and stocks.

②Private Bank Platinum Card:

From January 1, 2022 to December 31, 2022, cardholders of the Private Bank Platinum Card will be approved at the Bank of Communications quarterly date at the end of the month. With average assets of RMB 6 million and above, the first-year annual fee is waived. Starting from the following year, if the average daily assets reach 6 million yuan on any day between the month after the card is approved and the date of card approval in the following year, the annual fee will be waived. (The assets do not include mortgages and stocks)

The above is some information about the annual fee exemption for Bank of Communications credit cards. You can pay attention to it.