1. The annual credit card fee refers to the credit card usage fee, that is, the service fee charged by the bank for providing credit card services to cardholders. The annual fee standards of various credit card products of various banks are public, and relevant information can be found on official website.
2. Generally speaking, both credit cards and gold cards are exempt from the annual fee for the first year, and the annual fee for the next year can be exempted if the card is swiped for a certain number of times in that year. The number of times each bank needs to swipe its card free of annual fee is different, which is subject to the standards published by the credit card issuing bank.
3. There are some high-end platinum cards and unlimited cards that have no annual fee-free policy for the first year. Even if it is not activated, there is an annual fee. As long as it is approved, the annual fee will be recorded immediately and needs to be repaid in time.
What does the annual credit card fee mean?
The annual credit card fee refers to the fee that the cardholder needs to pay 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. Different levels of credit cards have different standards for charging annual fees; Different card-issuing banks have different annual fees.
In general, the annual fee for Puka is 100- 150 yuan; The annual fee for a gold card is 300-500 yuan, and the annual fee for a platinum card is often above 1000 yuan.
Credit card refers to various media that record the relevant information of the cardholder's account, have the function of bank credit line and overdraft, and provide relevant banking services for the cardholder.
The main features of credit cards:
1. Credit card is one of the fastest-growing financial services, and it can replace the traditional cash circulation in a certain range.
2. Credit card has both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also use credit cards to obtain certain loans from card issuers;
Credit card is a high-tech product integrating financial business and computer technology.
4. Credit cards can reduce the use of cash and currency;
5. Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;
6. Credit cards can simplify the collection procedures and save social labor;
7. Credit cards can promote commodity sales and social needs.
Main types
According to different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or they can withdraw cash at any time at the outlets of the issuing bank or at places with ATMs.
Non-bank card. This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are specially used for shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment card is a credit card issued by airlines, travel companies and other service industries, which is used for ticket purchase, dining, accommodation, entertainment and so on.
According to the different issuing banks, it can be divided into corporate cards and personal cards.
Company card. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, state party and government organs, armed forces, organizations and other legal person organizations.
Personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. The personal card is applied in the name of an individual and bears all the responsibilities for its use.
According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.
Ordinary card. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and the requirements are not high.
Gold card. Gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are institutions with high credit, strong repayment ability, credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are wider, so the requirements for related service fees and deposits are higher.
Why do credit cards charge an annual fee?
The reason why banks issue credit cards is to make money. One aspect of profit is the annual fee. The main way to make money is through the cardholder's credit card consumption.
General standard credit card annual fee is about 100 yuan, and gold card annual fee is generally 200 yuan or 300 yuan. The annual fee policy of most banks will not change easily. However, the annual fee standard of credit cards of different banks will be different according to different cards. Even for credit cards issued by the same credit card center, the annual fee standard will vary greatly. Cardholders should first ask how high this "potential cost" is when they apply for a card. The annual fee of a single-currency card is lower than that of a dual-currency card. Generally, the annual fee of the supplementary card is halved corresponding to the annual fee of the main card.
For example, the annual fee for Shanghai Pudong Co-branded Card is 360 yuan; Shanghai Pudong Development Bank standard credit card, the annual fee of the main card is 180 yuan, and the annual fee of the auxiliary card is 90 yuan; The annual fee for the gold card is 180 yuan for the supplementary card and 360 yuan for the main card; As for PUFA McDull series credit cards, the signboard of "Free Annual Fee for Life" has been put up.
Extended data
1. What does the annual credit card fee mean?
The annual credit card fee refers to the annual credit card fee. Each credit card has a corresponding annual fee, and the annual fee of each card in each bank is different. Generally speaking, the annual fee will not be charged until the credit card is activated, which means that you will start to use the card and then charge a usage fee. In order to encourage consumption, the bank has given various annual fee reduction policies. The most common is: the annual fee is free for the first year of credit card opening, and it will be free for a certain number of times in the future. This is a common annual fee-free policy for credit cards.
2. Does the credit card not activate the annual fee?
According to the regulations of China Banking Regulatory Commission, under normal circumstances, banks are not allowed to charge annual fees for inactive credit card holders, which means that the usual credit cards need not be inactive. However, the CBRC also stipulates that unless the bank has a contract or agreement with the applicant, the annual fee can still be charged if the credit card is not activated. For some special bank cards, such as high-end cards, customized cards, etc., due to the high cost of business card printing and many value-added services, banks will charge an annual fee. In this case, the user may be overdue due to the annual fee generated by the inactive credit card.
Why is there an annual fee for credit cards?
Banks issue credit cards only to make money, to be precise, to make money without risk.
When banks issue credit cards, they actually lend money. Lending is not as simple as absorbing reserves, and banks must consider the risk of funds.
In order to control the risk of funds, banks have established a set of credit system as an important basis for enterprises and individuals to lend.
With the credit mechanism, but without the credit records of customers, banks still have no way to judge the Excellence of customers.
In order to establish a perfect credit system, banks must introduce a simple and easy way for all customers to borrow, so credit cards appeared.
Because credit cards have the following characteristics:
1, credit card review, business card printing and issuance are all streamlined, and the issuance cost is very low compared with other loans.
2. Credit card has the widest coverage among all loan methods of banks.
The credit card bill is issued once a month, and the customer must repay it every month, which is the fastest way to withdraw funds.
Credit card is the most profitable of all bank loans.
Credit card is the least risky way to borrow.
Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).
On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.
Credit card is a non-cash transaction payment method and a simple credit service. Credit cards are generally plastic cards with a length of 85.60 mm, a width of 53.98 mm and a thickness of 65,438+0 mm, which are issued to cardholders by banks or credit card companies according to users' credit and financial resources. Cardholders do not need to pay cash when using credit cards, and make repayment on the checkout date.
Except for some credit cards combined with financial cards, credit cards are different from debit cards and ATM cards, and credit cards will not directly deduct money from users' accounts.
Credit card is a special carrier card with consumer credit issued by commercial banks to individuals and units. It is a card with the name of the issuer, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature on the back.
A real credit card has the following characteristics: cash is not allowed to be pre-deposited, it is paid after consumption, it enjoys an interest-free repayment period, and it can be repaid in installments (with a minimum repayment amount). Joining international credit card organizations such as VISA and MASTER can be used worldwide.
Credit cards have never been swiped. Why do I need to pay an annual fee?
There is an annual fee. According to Article 49 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, the issuing bank shall establish operating procedures for credit card activation and check the identity information of credit card holders before activation.
A credit card whose applicant has not signed a contract (agreement) and whose identity has not been confirmed by the activation procedure shall not be activated. The new card, lost card, damaged card and expired card must be activated before the cardholder can use it.
The credit card is not activated by the cardholder, and no fees may be charged. Under special circumstances, except for the cardholder's written charge, customer service telephone recording, electronic signature and the way recognized by both the cardholder and the issuing bank, the creditor-debtor relationship formed when changing the card.
Without the activation and use of the cardholder, the credit card shall not issue any gifts or gift certificates. In other words, once activated, there is an annual fee.
Most credit cards do not charge an annual fee if they are not activated, and a few special cards will also charge an annual fee if they are not activated. The bank that handles the card will give a special reminder when handling it.
After the card is activated, there may be an annual fee if it is not applicable for a long time. I suggest you contact the bank to confirm whether there are any remedial measures.
It depends on what kind of credit card you have. Generally, there is no annual fee if the credit card is not activated. The annual fee for the UnionPay version of Longka Family Credit Card is 580 yuan/card/year, and the annual fee for the supplementary card is 300 yuan/card/year. There is no annual fee for swiping a card. Whether the card is activated or not, China Construction Bank has the right to charge an annual fee.
In fact, the regulations of each bank are different. I suggest you call the customer service phone of the bank to find out clearly when you apply for a credit card. Don't be misled by the credit card business representative, causing your own financial losses and affecting your credit history. Long-term unused credit cards must be cancelled in time. Credit card activation means that after receiving the credit card from the bank, the customer calls the bank to activate the credit card. A related person of CITIC Bank said: "The so-called activation is only a security measure to prevent theft, and it is not necessarily related to charging." Every credit card has a production cost. From the moment the bid is successful, the credit card account has been generated, and the bank has to pay the costs of data processing and information maintenance. These costs do not exist because they are not open. Therefore, it is "beyond cost" for banks to charge annual credit card fees.
Agricultural Bank, Industrial Bank, Minsheng Bank, Guangfa Bank, at present, credit cards are not activated, and no annual fees are charged for the time being.
Banks such as ICBC, Bank of Communications, China Merchants Bank, Shanghai Pudong Development Bank and Shenzhen Development Bank will also charge annual fees if their credit cards are not activated. Among them, Bank of Communications and Shenzhen Development Bank are exempt from annual fees for the first year. There are also Olympic cards of China Bank and Longka of China Construction Bank. This also requires paying an annual fee on the premise that the credit card is not activated.
Nowadays, in order to cope with the increasingly fierce competition, the banking industry has launched many preferential activities, such as free annual fee for credit cards in the first year, free annual fee for the following year for five swipes in the first year, free telephone charges for each swipe, and free subway cards for each swipe. I suggest that you don't be tempted by gifts, and read the credit card application terms carefully to avoid regret. Some gifts can't be closed for several months, otherwise they will be returned or deducted the same amount. Once the annual fee is in arrears, personal credit will have a bad record, which will directly affect the approval of future home purchase loans and car purchase loans. For those who have already incurred the annual fee, I suggest you pay it off. For those who have just applied and never used it, you can swipe your card for a specified number of times, and then cancel the account without annual fee.
Annual credit card fee
People are often not very clear about the concept of annual credit card fee. I don't know why there are such charging items. Let me introduce it to you.
How much is the annual credit card fee?
The annual fee of credit card can actually be said to be the management fee of credit card. After the cardholder activates the credit card, the bank will deduct a certain fee from the limit on a fixed day.
Credit card annual fee standard
Almost all credit cards issued by banks have annual fees, ranging from 10 yuan to several thousand yuan, depending on the card level. The more advanced the credit card, the higher the annual fee. For example, the annual fee of many platinum cards ranges from 800 yuan to 5,800 yuan.
Credit card annual fee-free policy
In order to encourage consumers to use credit cards, banks will implement an annual fee-free policy according to the level of credit cards. For example, the credit card with the lowest general level can be spent 3 to 6 times a year, and the annual fee for the following year can be exempted.
However, it should be noted that some high-grade credit cards have strict annual fee-free policies. For example, if you have a platinum card, you must swipe it 20 times, and the amount exceeds 80,000 yuan to avoid the annual fee; Platinum cards have an annual fee even if they are consumed, so there is nowhere to hide this fee, so you must be cautious when handling platinum cards.
Credit card deduction time of major banks
1. Industrial and Commercial Bank of China: The number of card swipes will be settled from the card activation date, and will be counted as one year from the corresponding date in the following year. If you don't meet the conditions of annual fee exemption. The annual fee will be charged on this day. ICBC's annual fee deduction will generally be reminded by SMS one month in advance.
2. Bank of China: Like industry and commerce, the number of credit card swipes will be settled from the activation of the card, and will be settled for one year on the corresponding day of the following year. For example, the card will be activated in August 10, and the annual fee will be charged in August 10 next year, and so on.
3. China Construction Bank: It will be charged from the first billing date of the card-holding year.
4. Bank of Communications: The number of card swipes shall be settled from the card activation date, and one year shall be counted from the corresponding date of the following year.
5. China Merchants Bank: The date of issuance shall prevail. For example, the card issuing date is 1 65438+1 October1,and the annual fee is calculated from165438+1October 3/the following year.
6. Guangfa Bank: The number of card swipes shall be settled from the card activation date, and one year shall be counted from the corresponding date of the following year.
7. CITIC Bank: The number of card swipes shall be settled from the card activation date, and one year shall be counted from the corresponding date of the following year.
8. Ping An Bank: The number of card swipes shall be settled from the card activation date, and one year shall be counted from the corresponding date of the following year.
9. Minsheng Bank: The number of credit card swipes shall be settled from the card activation date, and one year shall be counted from the corresponding date of the following year.
10, China everbright bank: the number of card swipes shall be settled from the card activation date, and counted as one year from the corresponding date of the following year.
The introduction of why credit cards are annual fees and why credit cards have annual fees ends here. I wonder if you have found the information you need?