Well, haha, this question is a bit interesting. The annual fee billing cycle of a credit card is not a natural year, but is pushed back 12 months based on the month of validity of your card. For example, the month of validity on your card is In February, the annual fee should be charged in March this year. Since you have not activated it, there is no annual fee. The annual fee exemption policy of most banks is to waive the annual fee in the first year. If you swipe the card X times that year, it will be waived for the next year. Since you did not activate the card in the first year, you will definitely not swipe the card X times. Of course, this year’s annual fee cannot be waived. After you open the card now, you will be charged this year’s annual fee. However, there is a trick: you can Before activating, call customer service and ask the other party to promise to waive your annual fee for this year before you activate. Otherwise, it will not be activated. Most customer service will agree. If the month your card is valid for is after May, then you can open the card now and make enough purchases X times before the end of the first year, then there will be no annual fee.