It's true that the Bank of Communications can waive the annual fee after swiping its credit card for six times or more. Now credit cards can be bound to online trading platforms such as WeChat and Alipay. Therefore, you don't have to take the Bank of Communications credit card to the physical store to swipe your card. You can directly use WeChat or Alipay in your mobile phone to bind the Bank of Communications credit card.

Bank of Communications (BCM) was founded in 198. It is one of the six largest banks in China, one of the oldest banks in China and one of the note-issuing banks in modern China. On April 1st, 1987, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. Bank of Communications was listed on the Hong Kong Stock Exchange in June 25 and successfully listed on the Shanghai Stock Exchange in May 27.

Bank of Communications is one of the major financial service providers in China, and its business scope covers commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services. Bank of Communications has 235 domestic branches, including 3 provincial branches, 7 directly affiliated branches and 199 provincial branches, with 3,27 outlets in 239 cities at or above the prefecture level and 158 counties or county-level cities.