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What does it mean to offset the annual fee of China Construction Bank Credit Card?

The annual credit card fee refers to the fee paid to the bank during the use of the credit card. Generally, the annual credit card fee starts after the cardholder activates the credit card and is charged annually. Most credit cards can waive the first-year annual fee, and then the annual fee can be reduced by swiping the card a certain number of times or reaching a certain amount.

Each bank has different annual fee policies and charges different amounts. The annual fees of each bank are slightly different, and the annual fees paid by different card types and card levels of the same bank are also different. In addition, if you no longer intend to use the credit card, you must cancel the account. If the account is not closed, the bank will charge the annual fee of the credit card on an annual basis.

Extended information:

Things to note when using credit cards are:

1. If there are no temporary large consumption expenditures, it is best to keep the monthly credit card consumption amount at Less than 1/2 of monthly income.

2. Repayment according to the minimum repayment amount will generate credit card interest, and most banks calculate and charge interest based on the "full penalty interest" method, that is, regardless of the paid part or the unpaid part, Interest will be charged, with a daily interest rate of 0.05% and compound interest on a monthly basis.

3. Too many credit cards and too high credit limit will affect the application for new cards and even the application for mortgage loans. In addition, the overdraft amount is relatively high. If you want to apply for a mortgage, car loan or consumer loan in the short term, you are likely to be rejected.

Baidu Encyclopedia - Credit Card Annual Fee Rules

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