Credit cards require an annual fee, but there is a free policy. Each bank's annual fee policy is also different. For example, Bank of Communications' current annual fee exemption policy is to waive annual fees in the first year, and to waive annual fees for the next year if you make 6 purchases within a year (no limit on amount).

In addition, each bank has different annual fee exemption periods. Some are calculated from the card opening date to the same period in the following year, while others are calculated from the card verification date. If the cardholder does not open a card within the first year after applying for a credit card, and waits until the second year to open the card, the annual fee may be charged directly, because according to the bank's timing rules, the cardholder has not reached the required threshold in the first year. The number of card swipes or the amount swiped.

The annual credit card fee is to apply for a credit card at a bank. The service fee charged by the bank for providing credit card services to cardholders. Simply put, it is the usage fee of the credit card. Each credit card annual fee charges different standards, but they are all the same. It is open and transparent and can be queried on the official website.

Generally speaking, regular credit cards and gold cards are free of annual fees in the first year. If you swipe the card a certain number of times in the year you open the card, you can be exempted from annual fees in the following year. The number of card swipes required to waive the annual fee varies from bank to bank. For details, please refer to the standards published by your credit card issuer.

There are also some high-end platinum cards and unlimited cards that do not have an annual fee exemption policy for the first year. Even if they are not activated, they will still be charged an annual fee. As long as they are approved, the annual fee will be credited immediately, and they need to be repaid in time; Even if this type of credit card product has provisions such as no annual fee for accumulated consumption amount and no annual fee for accumulated points, the requirements are relatively high and difficult to meet. In order to encourage consumption, banks have given various annual fee reduction and exemption policies. The most common one is: the annual fee is waived in the first year of opening a credit card, and then the annual fee is waived if you use it a certain number of times. This is a commonly used annual fee-free policy for credit cards; annual fees are waived after a certain number of uses: For example, China CITIC Bank UnionPay standard credit card: one payment in the first month is free of the first-year annual fee, and five subsequent payments per year are free of annual fees for the next year. Annual fees are waived when the accumulated consumption reaches the limit; annual fees are waived for life: This type of annual fee waiver policy is rare, but it is not unheard of.

There is no annual fee if you swipe your credit card a certain number of times. For example, if you swipe your credit card once in the first month, you will get no annual fee for the first year, and if you swipe it five times a year, you will get no annual fee for the second year; Guangfa Credit Card Gold or regular cards, the new card is free of annual fees in the first year of activation. Any amount of consumption or cash withdrawals that have been accounted for 6 times during the annual fee cycle can automatically reduce the annual fee for the next year.