No annual fee will be charged if the Bank of Communications credit card expires and is replaced without activation. Bank of Communications' annual fee-free policy is to waive the annual fee in the first year, and to waive the annual fee for the following year if the card is swiped 6 times in a year (no limit on the amount). The number of card swipes of the main card and supplementary card can be calculated together.

Each bank has different rules for charging credit card fees. Regular credit cards will not incur any fees if they are not activated. However, industry insiders said that some special card types, such as co-branded cards, platinum cards, VIP cards launched by some banks, still need to pay annual fees even if they are not activated. For idle cards and sleeping cards that are no longer in use, it is best to cancel them.

Extended information

Notes on non-activation of credit cards

1. No annual fee will be charged if the credit card is not activated, but there are exceptions

The China Banking Regulatory Commission has done According to regulations, no fees may be deducted from credit cards without activation by the cardholder. That is to say, generally, fees should not be charged if the credit card is not activated. This is for common ordinary cards. Currently, there are many types of bank credit cards, including many gold cards, platinum cards, etc. with higher benefits. The services provided start before activation, and all annual fees are unavoidable. This situation requires attention.

2. Applying for a card is reflected in the credit report, regardless of whether it is activated or not

We know that activation is a necessary condition for using the card, but it does not mean that it is not used and does not produce recorded consumption. It will not affect your credit score. In fact, this is not the case. As long as an individual has applied for a credit card, it will be displayed in the credit report system. Unused or overdue credit will not be recorded. However, when applying for a card again, the inactivation of the last card application may hinder the bank's approval of the new card. If this situation occurs multiple times, later loans will also be affected.

3. There is a risk of card theft

Many cardholders in the forum have mentioned the risk of card theft. Due to the leakage of personal information or the loss of identity information, unscrupulous people will steal personal information. For credit cards, especially those applicants who apply for a card for small gifts but have never seen the card, all the bad debts will be recorded in the applicant's name, which will cause huge losses.

4. It may not be automatically canceled

Many cardholders do not have the habit of canceling their cards, whether it is a debit card or a credit card, and they think that after the card is not used for a certain period of time, the bank will It will be automatically logged out. In fact, each bank has different policies for canceling cards. Some banks consider the card to be automatically canceled after 3 years, while others consider the card to be dormant. You need to consult the specific bank for this part. It is best to cancel credit cards that are no longer in use.

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