No. According to relevant public information, the CITIC Bank Salary Card is free of annual fees during its validity period. After applying for the CITIC Bank Salary Card, users will receive small gifts from CITIC Bank during holidays. CITIC Bank, formerly known as CITIC Industrial Bank, was founded in 1987 and changed to its current name at the end of 2005. CITIC Bank is one of China's national commercial banks and is headquartered in Beijing.