Conclusion: The annual fee for a credit card is the cost of using a credit card for one year. Different banks and card types have different annual fee standards. Many credit cards offer discounts such as no annual fee for the first year or free payment after a certain number of swipes to encourage cardholders to spend actively. In addition, although credit cards with lifetime annual fee exemption are rare, they do exist, such as some cards from Postal Savings Bank and Bank of Shanghai, as well as some credit card products from banks such as China Guangfa, Shanghai Pudong Development Bank, Agricultural Bank of China and Bank of Beijing. These credit cards have no annual fees for the life of the card, which is usually 3 to 5 years. Find a no-annual-fee strategy that works for you to help save on credit card costs.