CITIC Credit Card will charge an annual fee before it is activated
Customer service called the customer and said they could upgrade to a platinum card, but did not tell them that they needed to pay an annual fee of 2,000 yuan. Many people do not activate it after agreeing, but the bank will still charge an annual fee. CITIC Credit Card charges an annual fee of 2,000 yuan when it is activated, which feels like a consumption trap. This happens to many people. They originally held a credit card from CITIC Bank, but after a while, the customer service of CITIC Bank's ordinary credit card would call them and tell them that their credit status was good and they could upgrade to a platinum card for free. Most customers agree that free upgrades with platinum cards are a good thing, but they don’t know that there are traps in this place. It doesn't tell customers explicitly. Upgrading your CITIC Bank credit card to a platinum card will incur an annual fee of 2,000 yuan, and the annual fee cannot be canceled or deducted through other methods. In other words, you must pay an annual fee of 2,000 yuan. However, customer service did not clearly explain this requirement when communicating with customers, causing many customers to upgrade in confusion. I didn’t know that the Platinum Card requires an annual fee of 2,000 yuan. Some customers also think that CITIC Bank’s platinum credit card has no annual fee and they do not need to go to the bank to activate it after receiving the credit card. But the bank has already issued the credit card to the customer and started collecting annual fees on time. If he does not pay the annual fee by then, he will receive reminder notices and phone calls, which will affect his personal reputation. This has caused many adverse effects on customers, so some customers have begun to report this problem to the CITIC Bank Credit Card Center and complain to relevant platforms. It is not an isolated case that CITIC Bank charges an annual fee of 2,000 yuan for credit cards that are not activated. Many customers have encountered this situation, but have not yet received an effective solution. Moreover, China CITIC Bank's credit cards are charged based on levels, and the annual fees for several years make the bank a lot of money. If you want to avoid paying the 2,000 yuan annual fee, you must cancel your CITIC Bank credit card and stop using it. The incident also sounded a wake-up call to other customers. When upgrading your credit card in the future, be sure to ask specifically about the annual fee, and don't just accept customer service's suggestions.
Can I get it back if the annual fee of a CITIC Bank credit card is deducted?
After the annual fee of a credit card is deducted, you can contact the card-issuing bank promptly to express your intention and desire to remedy the situation. See Can I get the deducted annual fee back or obtain other forms of subsidies? Regarding annual refund fees, major banks do not have explicit regulations, but bank staff said that as long as you swipe your card three times within a certain period, the deducted annual fee will be automatically refunded.
1. After the credit card annual fee is deducted, you can contact the card-issuing bank promptly to express your intention and desire for redress to see if you can get the deducted annual fee back, or obtain other methods. subsidy. As for annual refund fees, major banks do not have explicit regulations, but bank staff said that as long as you swipe your card three times within a certain period, the deducted annual fee will be automatically refunded.
2. Deducting the annual fee is actually not the real intention of the bank. The bank only deducts the annual fee as a constraint to encourage cardholders to swipe more cards and spend more. So generally speaking, if this is the first time a similar situation occurs to a cardholder or the cardholder has maintained a good credit status, the bank can basically refund or reduce the amount as long as the cardholder applies.
Most banks’ credit cards basically stipulate that the number of card swipes required by the bank must be reached in order to be exempted from annual fees, and the annual fees of each bank are also different, ranging from one or two hundred to five or six hundred yuan. . Ordinary cards are relatively low, while gold and platinum cards are higher. Moreover, some banks' credit cards will charge annual fees even if they are not opened. Therefore, cardholders should not think that they can sit back and relax without opening a card. They must understand the annual fee regulations of their credit cards.
3. After reading the above introduction, I believe you have a good understanding of the issue of whether you can get your credit card annual fee back after being deducted. If you have such needs, you can negotiate with the staff of the card-issuing bank. The final result will be based on the rules and regulations of the card-issuing bank
CreditCards are issued by commercial banks or credit card companies to consumers with qualified credit. credit certificate.
2. A credit card is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department for shopping or consumption. , and then the bank settles the payment with the merchant and cardholder, and the cardholder can overdraft within the prescribed limit.
4. The earliest credit card appeared at the end of the 19th century.
In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit limit. In the 1950s, McNamara, a credit expert in Manhattan, was dining in a restaurant. Since he did not bring enough money, he had to ask his wife to send money. This made him feel very embarrassed, so he organized the "Diners Club" (English: Diners Club). Members can bring a dining charge card to 27 designated restaurants to record their consumption without having to pay cash. This is the earliest credit card. Franklin National Bank was the first bank to issue a credit card, and other U.S. banks later followed.
5. It is said that one day, American businessman Frank McNamara was entertaining guests for a meal in a New York hotel. After the meal, he found that he had forgotten his wallet with him. He was deeply embarrassed and had to call My wife brought cash to the restaurant to pay the bill. So McNamara came up with the idea of ??starting a credit card company. In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the "Diners Club" in New York, the predecessor of Diners Club. Diners Club provides members with a card that can prove their identity and payment ability. Members can use the card to record their purchases. This kind of credit card that does not require bank processing is still a commercial credit card.
The CITIC Bank regular card was upgraded to a platinum card, but it was not activated and the annual fee of 2,000 was deducted! Can I cancel the card and get a refund?
The card can be canceled and refunded.
If you have not opened a CITIC credit card but have been charged an annual fee, you should check with the bank customer service to confirm the reason for the fee. The deducted 2,000 will be returned within 3-5 working days and then be reactivated. However, Your platinum card will be canceled by them and cannot be used.
According to the "Notice of the China Banking Regulatory Commission on Further Regulating the Credit Card Business": 5. Before the cardholder activates the credit card, banking financial institutions are not allowed to withhold any fees. Or authorize banking financial institutions to deduct fees through electronic signature.
Extended information:
Banking financial institutions should follow the principle of prudence in issuing credit cards to students. Credit cards (except supplementary cards) are not permitted to be issued to students under the age of 18. When issuing credit cards to students who are over 18 years old and have no fixed job or stable source of income, a second source of repayment must be established, and the second source of repayment must have the corresponding repayment ability.
Before issuing a credit card, banking financial institutions must confirm that the second repayment source has agreed in writing to assume the corresponding repayment responsibility, otherwise the card will not be issued. Banking financial institutions should actively inform students' parents or other relevant managers of relevant information about students' application for credit cards.
Banking financial institutions should conduct due diligence on credit card applicants’ credit levels and repayment abilities. Applicants should have a fixed job, a stable source of income, or provide reliable repayment guarantees. If the applicant cannot meet the above conditions but it is indeed necessary to issue a card, the banking financial institution shall clearly stipulate the applicable scope of card issuance and establish a corresponding card issuance management mechanism.
Banking financial institutions should strictly manage their own special merchants, make necessary agreements with special merchants on credit card fraud, cash-out risk prevention and safety management responsibilities, and implement continuous monitoring and regular on-site inspections of special merchants. Special merchants suspected of assisting cardholders to cash out should be promptly warned and corrected. In serious cases, the merchant's ability to acquire bills should be immediately suspended.
China Banking Regulatory Commission - Notice on Further Regulating Credit Card Business
CITIC Credit Card charges an annual fee of 2,000 yuan before activation. How to stop the phenomenon of arbitrary charges?
Today is June 28. According to the latest news, a man’s credit card at China CITIC Bank was not activated or used. After a period of time, he was notified that an annual fee of 2,000 would be charged. This It is obviously unreasonable. How should we stop this phenomenon of arbitrary charging? Today we will discuss this topic together.
First, law enforcement departments should strengthen the supervision of illegal charging and, once discovered, impose penalties on violations, and the publicity department should strengthen legal publicity on violations to improve residents' legal awareness
The phenomenon of arbitrary charging by CITIC Bank is by no means an isolated case. There are still many phenomena of arbitrary charging in society, and many consumers have no way to complain. Therefore, in response to this phenomenon, law enforcement agencies must strengthen the enforcement of arbitrary charging by various enterprises. In the supervision of behavior, once someone is found to charge excessively, he should be given a high penalty. When the penalty standard is raised, the cost of arbitrary charging will also increase. Enterprises will naturally weigh the pros and cons, which will stop this phenomenon of arbitrary charging from the source. Appear. The publicity department should increase the publicity on illegal activities, because many people do not know that this kind of arbitrary charging is against the law, so they pay the money in a daze, so that they have no way to complain later, so people's publicity on the law is It is necessary to raise residents’ legal awareness and it is urgent.
Second, in the face of the phenomenon of arbitrary charging, if we unfortunately become victims, we should have the courage to stand up and safeguard our legitimate rights and interests
This 2,000 yuan charge is CITIC’s The bank issued it to the man in the form of a debt. Normally, many people are very busy in their daily lives and would like to settle the matter and hand over the money to resolve the dispute. However, this can encourage the frequent occurrence of arbitrary charges. Therefore, As consumers, if we encounter this situation, we should have the courage to stand up and use legal weapons to protect our legitimate rights and interests. Only our resistance and severe crackdowns by law enforcement agencies can effectively stop this phenomenon of arbitrary charging.
The above is my answer, I hope it is helpful to you.
This is the end of the introduction about annual fees being arbitrarily deducted by CITIC Credit Card and annual fees being charged by CITIC Credit Card. I wonder if you found the information you need?