There is no annual fee after opening the card. Most credit cards waive the annual fee for the first year. If the amount or frequency of credit card swipes meets the requirements in the following year, the annual fee for the next year will be waived. If it is not met, it will be deducted on the first billing day of the next year.

Most banks start calculating annual fees after the card is issued; Bank of China, Agricultural Bank of China, ICBC, etc. start calculating annual fees after activating the credit card. Each issuing bank has different varieties and types of credit cards. , so the annual fee for each credit card is different. Generally, the credit limit of a gold card is higher than that of a regular card, and the annual fee is also higher than that of a regular card. Therefore, gold card holders are mostly experienced credit card consumers who are accustomed to swiping their cards for consumption.