The annual fee collection of CITIC Bank’s Platinum Credit Card is based on official regulations. The standard annual fee is RMB 2,000/year for the main card and RMB 1,000/year for the supplementary card. The existence of annual fees is not a fraud, but is due to bank management costs. As the number of credit card users grows, banks need to bear more management and service costs. Under normal circumstances, some banks' credit cards can waive annual fees in the first year, but they need to reach a certain number of purchases within a certain period of time to continue to enjoy the annual fee exemption. For example, CITIC Bank's Platinum Card requires more than 6 purchases in the year.

Different levels of credit cards, such as CITIC Bank’s gold card, have different annual fee standards and annual fee-free policies. The annual fee for a gold card ranges from 300 yuan to 380 yuan, depending on the card type. The gold card has a flexible annual fee-free policy. If a new card makes one purchase or cash withdrawal within 30 days of issuance, the first-year annual fee will be waived. Subsequent purchases or cash withdrawals must reach a certain number of times within a certain period to waive the annual fee for the next or even the third year. Annual fee. For example, the annual fee for credit cards is currently waived.

Therefore, when China CITIC Bank charged the Platinum Credit Card annual fee, it was not an act of ignorance or fraud, but a routine charge based on credit card service and management costs. Users should understand the specific terms of the card in detail before applying for a card in order to plan and use the credit card appropriately.