Which bank credit card does not require an annual fee?

There are many banks that do not require an annual fee. Industrial and Commercial Bank of China: Shanghai Peony Unblocked Card, Peony Platinum Credit Card, the cumulative consumption points have reached 4 million points, other credit cards As long as the card is used for ten years, the annual fee will be waived for life; China Construction Bank: Red Cross co-branded card and business card will be waived for life; Bank of China: Great Wall RMB Credit Card Gold Card. Agricultural Bank of China: UnionPay business card.

Credit card annual fee rules refer to some corresponding regulations for the annual payment of credit cards. Banks are not allowed to charge annual fees before the credit card is activated by the cardholder. However, in the face of the various annual fee rules for credit cards from different banks, most Most people have little idea about it. Most annual credit card fees are around one hundred yuan. Some banks stipulate that you can waive the annual fee by swiping three times a year. If you don’t use the card after you apply for it, you will have to pay the annual fee, which is certainly not cost-effective. The annual fee exemption rules vary among different banks, making it easy for cardholders to incur annual fees unintentionally. Cardholders generally believe that credit card agencies adopt the practice of waiving the annual fee in the first year and waiving the annual fee in the following year if the card reaches a certain standard, but this is not the case for all cards. For example, ICBC credit cards are not exempt from annual fees in the first year. Instead, they need to swipe the card a total of 5 times or spend more than 5,000 yuan to be exempted from the annual fee. China CITIC Bank stipulates that only swiping the card once in the first month after the card is issued can be exempted from the annual fee in the first year. .

As for the rules for exempting the annual fee for the following year, some banks stipulate that as long as the card is swiped more than three times, it will be free, such as China Construction Bank [6.203.85] and China Everbright Bank; some banks stipulate that the number of swipes is more For example, the Shenzhen Development Bank Credit Card stipulates that the annual fee for the following year can be waived by swiping the card 18 times. Most banks adopt the policy of waiving annual fees 5-6 times, such as ICBC, Agricultural Bank of China, Bank of China, Bank of Communications, China Merchants Bank, etc. Yinsu.com financial planner pointed out that since annual fees are not the main source of income for domestic credit card issuers, banks generally stipulate that annual fees must be waived after a certain number of card swipes, but there is no limit on the amount. However, there are some banks that impose restrictions on the amount of consumption. For example, Shanghai Pudong Development Bank stipulates that the annual fee for the next year can be waived only if the consumption reaches 2,000 yuan or more. It is also worth noting that the bank’s annual fee exemption rules are not static. A staff member of the Credit Card Center of Bank of Communications [8.794.27] told reporters that the annual fee for a credit card is based on the collection time of the first year's annual fee, and is pushed back 12 months to the collection time of the next year's annual fee. Bank of Communications credit card annual fee exemption rules will generally be notified to cardholders by text message at the end of the year or the beginning of the next year. Cardholders need to pay attention to whether the annual fee exemption rules have changed.

What are the credit cards with permanent annual fee waivers in 2020? These cards are worth a look

Credit cards generally charge annual fees. Most regular cards charge 50 yuan/year, and gold cards charge 100 yuan/year. Sometimes banks waive the annual fee in the first year in order to promote sales. , or there is no annual fee for making 6 purchases. There are also some credit cards that are permanently free of annual fees, which is a lot of benefits. What are the credit cards that are permanently free of annual fees? Let’s find out together!

Credit card with permanent annual fee exemption

1. Industrial Bank Mastercard Champions League Platinum Credit Card (Elite Edition)

This card has no annual fee within the validity period. It is suitable for people who often go abroad, because there is no foreign transaction and exchange fee, and there is also 10 million public traffic accident insurance and happy travel insurance. The application conditions are relatively simple. You must be over 18 years old and have a stable source of income. , good credit, easy to apply.

2. Everbright Douyin Co-branded Card Titanium Card

This card is also free of annual fees during the validity period. If you often go to Starbucks or use Ele.me a lot, you may consider this card. Get a card, because it has a discount of 20 off for purchases over 40 years old at Starbucks. Selected brands on Ele.me can get 20 off for purchases over 30 years old. It is very affordable if you use it a lot. It is not difficult to apply. You must be 18 years old or above. If you have a stable income and good credit, you can give it a try.

3. Shanghai Pudong Development Bank Ning Zetao Youth Credit Card Gold Card

This card is permanently free of annual fees, and can achieve 100% cash withdrawal, and the installment fee can also be reduced to nine Discount, but there are certain conditions for application. You need to be under 40 years old. There are also academic requirements. You need a full-time undergraduate degree or above. If you graduate from a foreign institution, you also need to provide a degree certificate.

4. Agricultural Bank of China’s Burning Dream Series Credit Card

The Burning Dream Credit Card is a platinum-level credit card issued by Agricultural Bank of China. It is free of annual fees within the validity period. One special feature of this card is that it Interest will be settled on deposits. During its interest settlement cycle, if the average daily deposit balance in the card is more than 1,000 yuan, interest will be settled based on the current deposit interest rate.

There are certainly many credit cards with permanent annual fee exemptions, and each bank has different application conditions. If you don’t want to calculate the number of card swipes or the amount to avoid annual fees, then it is best to directly apply for a credit card with permanent annual fee exemption.

Which bank credit card has no annual fee

Many banks have credit cards with no annual fee, such as the UnionPay Civil Servant Card of Bank of Communications and Agricultural Bank of China, the Great Wall Credit Card Gold Card of Bank of China, and the Postal Service Card. Savings Bank’s Ding Card credit card, China CITIC Bank’s Blue Card, China Construction Bank’s Red Cross co-branded card and civil servant card, etc. What I want to tell you is that many banks support spending six times in a year, and you can enjoy the annual fee-free service the following year.

Different banks have different annual fee standards for credit cards, and the annual fees for different credit card types of the same bank are also different. However, currently, credit cards issued by domestic banks usually adopt the policy of exempting the annual fee in the first year and swiping the card a certain number of times to waive the annual fee in the following year (except for some platinum credit cards). Therefore, as long as the credit card can meet the consumption standards required by the bank, it is equivalent to a full exemption. Annual fee. For example, Bank of China, Agricultural Bank of China, and Industrial Bank credit cards are exempted from annual fees in the first year, and the annual fee for the following year is waived if the card is swiped 5 times within a year; ICBC credit card is swiped 5 times within a year, and the annual fee is waived for that year (ICBC credit card annual fee is in the natural year) It is charged at the end of the year, not in advance, so there is no annual fee exemption in the first year); the China Construction Bank credit card is exempt from the annual fee in the first year, and if the card is swiped three times in a year, the annual fee for the next year is waived; the Bank of Communications credit card is exempted from the annual fee in the first year , the annual fee for the next year can be waived by swiping the card six times a year (Bank of Communications Platinum Credit Card does not have an annual fee waiver policy).

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Let’s stop talking about which credit card has no annual fee.