What should I do if the annual fee is charged on my credit card?

Hello, under normal circumstances, the annual fee deducted from your credit card can be refunded by consulting customer service.

The credit card customer service hotline explained the reason to the customer service and requested that the annual fee be refunded after making up the number of credit card swipes. If the bank disagrees, it can threaten to cancel the card without refunding the annual fee. If the bank agrees, you must first pay off the annual fee. After all, the deducted annual fee must be repaid, otherwise it will be overdue;

Swipe the card with your credit card to make up for the number of card swipes. Not all annual fees can be refunded. For example, the rigid annual fee of the Platinum Card cannot be refunded. There are also annual fees for some special cards, or annual fees deducted with points. Generally speaking, most of the annual fees that can be refunded can be refunded through The annual fee that is reduced based on the number of card swipes is consistent with this situation.

Extended information:

The annual fee charged by the credit card is introduced as follows:

The first thing that comes to mind is the annual fee of the credit card. Generally, debit cards have no annual fee, while most credit cards do. Generally, the higher the level of credit card, the higher the annual fee will be. Basically, platinum card > gold card > regular card.

The annual fee for credit cards can be waived, and generally most banks will waive the annual fee by reaching the number of purchases. I believe that many cardholders are unwilling to pay this fee. However, sometimes they fail to meet the requirements for annual fee exemption due to negligence and failure to calculate the annual fee cycle of their credit card.

What should I do if my credit card annual fee is overdue?

The solutions to overdue credit card annual fees are as follows:

1. The cardholder has not received the notice to pay the annual fee, causing the credit card to be overdue. The cardholder must explain the reason to the bank , requiring banks to waive annual fees and remove bad records. If the bank verifies that it is true, the annual fee will usually be waived.

2. The cardholder forgets to pay the annual fee. If he finds out, he should pay it immediately, and take the initiative to explain to the bank that the overdue fee is not malicious. Generally, the bank will issue a certificate of overdue annual fee, which will not have a great impact on future credit business. big.

Extended information:

New rules on credit card overdue:

Concerning the new rules on credit card overdue, customers need to pay attention to the following points:

1 .Credit card penalty instead of late payment fee:

When the cardholder fails to repay the credit card by the due date or the repayment amount is less than the minimum repayment amount, the unpaid portion of the minimum repayment amount will be charged each time. 5. Liquidated damages are charged. The minimum or maximum fee is stipulated by the bank. For example, China Construction Bank stipulates a minimum of five yuan, one dollar, or one euro.

2. Changes in sentencing standards:

Previously, if an overdue credit card was suspected of malicious overdraft, the amount would be more than 10,000 yuan (less than 100,000 yuan), and it would be deemed as criminal law. The amount is "large"; if the amount is more than 100,000 yuan (less than 1 million yuan), it is deemed to be a "huge amount" stipulated in the criminal law; if the amount is more than 1 million yuan, it is deemed to be an "especially huge amount" stipulated in the criminal law.

The Supreme People's Procuratorate and the Supreme People's Court revised it to: Only malicious overdrafts on credit cards with an amount of more than 50,000 yuan (less than 500,000 yuan) will be considered a "large amount" stipulated in the criminal law; If the amount exceeds 500,000 yuan (less than 5 million yuan), it is deemed to be a "huge amount" stipulated in the criminal law; if the amount exceeds 5 million yuan, it is deemed to be an "especially huge amount" stipulated in the criminal law.

How to reduce or reduce interest on overdue credit cards:

After your credit card is overdue, if you want to reduce or reduce interest, you can apply to the card-issuing bank for an interest suspension. If the application is successful, interest will no longer accrue on subsequent arrears, which will naturally provide some relief. However, everyone needs to note that the interest accrued on previous debts will not be waived. It is still better to be recorded on the bill together with the principal, and the customer must pay it off on time.

Even if the customer directly applies for interest exemption, the bank will probably not agree. If the customer cannot pay the debt for a while, he or she can try to extend the repayment period and repay the debt in installments while applying for a suspension of interest payments. The bank will consider this at its discretion.

As long as the customer does not intentionally fail to repay, but does not have the ability to repay, the bank may agree, and the customer will then repay the debt in installments on time according to the new repayment plan negotiated with the bank. That’s it.

Of course, it is best for customers to avoid overdue payments and develop a good habit of repaying loans on time. If you discover early that you are unable to pay off your bill in full, you can actually apply for bill installment before the repayment date arrives, or you can pay off the minimum repayment amount of the bill first.

What should I do if my credit card is overdue and no deduction is given?

If the negotiation for interest reduction or exemption after the credit card is overdue is unsuccessful, the customer actually has no recourse. After all, the bank calculates and charges penalty interest based on a daily interest rate of 0.5%, which is within the normal interest rate range, and there is no violation of regulations. , so it is difficult to directly exempt interest.

However, customers can try to apply for an interest suspension. If the application is successful, although the interest accrued before cannot be exempted, at least interest will no longer accrue on the debt in the future, which can also reduce the customer's certain repayment burden.

Of course, it is best for customers to pay off their debts as soon as possible. The earlier they pay, the less overdue penalty interest will be incurred. Even if you can't pay it off at the moment, try to pay back a little bit. If the total overdue amount decreases, the interest accrued will be less.

Of course, customers who are unable to repay within a short period of time, rather than slowly repaying the loan themselves, may as well proactively contact the bank’s customer service for negotiation and try to apply for an extension of the repayment period and repay the debt in installments. The bank understands that the customer has a positive willingness to repay the loan and will not go to the customer easily. Generally, the bank has the right to repay the money if it is overdue for more than three months. Therefore, customers must not directly avoid repaying the money after it is overdue.

What are the remedies for credit card debt that has been outstanding for many years? Doing this can save your credit!

In real life, there are many examples of credit cards that are overdue due to annual fees. Many people have idle credit cards and have not canceled them. The annual fees have been deducted but the number has been changed but the bill has not been received. As a result, the payment has not been repaid for many years. When I found out, the credit report had gone dark. If it is not remedied in time, your credit will never be restored. So, what are the remedies for credit card holders who owe annual fees for many years? Let’s take a look.

What are the remedies for credit card debt that has been outstanding for many years?

Under normal circumstances, you have to repay the debt, but if it is an annual fee, it may only be dozens or hundreds of dollars per year. But as long as the money is deducted and not paid back in time, you will be charged. Charges of penalty interest and liquidated damages, plus interest and compound interest if not paid off in one year, may add up to hundreds or thousands, let alone if the debt is not paid off for many years, it is certainly not a small amount, and no one would be willing to pay that much money.

But not repaying the loan is not an option. After all, many years of unpaid annual fees will lead to bad debts on your credit report. Especially if you go to the bank to apply for a car loan, a mortgage loan, or even a credit card, there will be 100 times when your credit report has bad debt records. Reject directly. Since you want to repay the loan but don’t want to pay back so much, the most direct way is to directly negotiate with the bank to reduce or reduce the annual interest.

There are two ways to apply by phone or apply at an outlet. No matter which way you choose, you must clearly state the reason for not paying the annual fee. It is not that you deliberately refused to pay it back, but that it was not received in time from the bank due to reasons such as changing your mobile phone number. In the bill notification, the bank staff will check out the statement and find out that it is purely the annual fee that is overdue. Only then will they be able to agree to a reduction and exemption, and only the principal of the annual fee will be repaid.

After paying off the annual fee, don’t forget to ask the bank to cancel the overdue record and restore the credit report. If the bank agrees, the cardholder will submit an objection application to the central bank, and then it will make changes. Credit reports usually have results within 20 days. If the credit cannot be canceled, there is nothing you can do. You can ask the bank to issue a non-malicious certificate for overdue credit, which will have less impact on your mortgage and car loans.

The above is the relevant introduction to "What are the remedies for credit card arrears with annual fees for many years", I hope it will be helpful to everyone. Finally, I suggest you cancel any unused credit cards to eliminate any unknown risks and don’t have to worry about overdue annual fees.

What should I do if I haven’t used a card for a long time because the annual fee is overdue?

1. If the cardholder fails to pay the annual fee on time, the bank will regard this as an overdue repayment, and will report this record as a negative record to the personal credit database of the People's Bank of China and retain it for a certain number of years. . If the credit card is canceled, the delinquency record will still be retained for a period of time if the credit card is canceled in this case.

If the cardholder's personal credit is "stained" due to annual fee arrears, he must pay off the annual fee immediately. After paying off, do not cancel the credit card immediately, but continue to use the credit card normally for two years. This will leave a negative record of annual fee arrears. It will no longer appear in the "24-month payment status" of the credit report.

2. If a cardholder occasionally makes one or two overdue payments due to credit card repayments or annual fees, as long as he is sincere and proactively contacts the bank and explains the reasons, most banks will usually help the customer eliminate it. This bad credit record, however, requires time during this process. If the credit card is overdue, it is best not to exceed 90 days. If it exceeds this period, it is likely to be reported to the central bank's personal credit system database, and the bank does not have the authority to file it. eliminate.

3. Credit cards generally charge annual fees, but currently all banks have introduced various reduction and exemption policies, which are mainly divided into two categories: one is that the annual fee is waived if the card consumption reaches the bank's prescribed number of times during the year; The other type is that the annual fee can be waived if the amount of card consumption reaches the amount specified by the bank within the year, or both; therefore, citizens must be aware of the annual fee reduction and exemption policy and avoid annual fees by swiping multiple cards.

It should be noted that most credit card annual fees are generally charged based on the cardholder’s card opening date, not every calendar year. However, some bank credit cards will postpone the card opening date by 60 days as the annual fee collection time. So what should you do if you find that the annual fee collection date is approaching, but it is too late to complete the number of credit card transactions? The reporter consulted the bank and found that the annual fee of credit card at some banks can be negotiated. For cardholders who do not meet the annual fee exemption standard, a considerable number of banks have authorized customer service. If the cardholder proposes to cancel the card because they do not meet the annual fee exemption standard, the customer service staff can give them a discount of annual fee to retain the customer. .

How to apply for elimination of overdue credit card annual fees

If the annual fee is overdue, the cardholder must first pay the annual fee and submit an application to the bank, so that bank personnel can coordinate to eliminate the bad records. If there is an appeal If it doesn't work, ask the bank to help you issue a non-malicious overdue certificate

The second step is to appeal to the People's Bank of China to eliminate the bad records. You need to explain that you are not malicious in overdue annual fees and need to pay back the annual fees. Repayment records, credit cards, and ID cards. When you learn this information, go to the local People's Bank of China to apply immediately. You will generally receive a reply within 15 working days. If the information is complete, the bad records will be eliminated.

Credit card annual fee rules refer to some corresponding regulations for the annual payment of credit cards. Banks are not allowed to charge annual fees before the credit card is activated by the cardholder. However, in the face of the various annual fee rules for credit cards from different banks, most Most people have little idea about it. Most annual credit card fees are around one hundred yuan. Some banks stipulate that you can waive the annual fee by swiping three times a year.

Annual fee-free rule

If you apply for a card and don’t use it, you will have to pay the annual fee, which is certainly not cost-effective. However, the annual fee-free rules vary among different banks, making it easy for cardholders to incur annual fees unintentionally.

Cardholders generally believe that credit card agencies adopt the practice of waiving the annual fee in the first year and waiving the annual fee in the following year if the card reaches a certain standard, but this is not the case for all cards. For example, ICBC credit cards do not waive annual fees in the first year. Instead, they need to swipe the card a total of 5 times or spend more than 5,000 yuan to be exempted from the annual fee. China CITIC Bank stipulates that only swiping the card once in the first month after the card is issued can be exempted from the annual fee in the first year. .

As for the rules for exempting the annual fee for the following year, some banks stipulate that as long as the card is swiped more than three times, it will be free, such as China Construction Bank [6.203.85] and China Everbright Bank; some banks stipulate that the number of swipes is more For example, the Shenzhen Development Bank Credit Card stipulates that the annual fee for the following year can be waived by swiping the card 18 times. Most banks adopt the policy of waiving annual fees 5-6 times, such as ICBC, Agricultural Bank of China, Bank of China, Bank of Communications, China Merchants Bank, etc.

Yinsu.com Financial Planner pointed out that since annual fees are not the main source of income for domestic credit card issuers, banks generally stipulate that annual fees must be waived after a certain number of card swipes, but there is no limit on the amount. However, there are some banks that impose restrictions on the amount of consumption. For example, Shanghai Pudong Development Bank stipulates that the annual fee for the next year can be waived only if the consumption reaches 2,000 yuan or more.

It is also worth noting that the bank’s annual fee exemption rules are not static. A staff member of the Credit Card Center of Bank of Communications [8.794.27] told reporters that the annual fee for a credit card is based on the collection time of the first year's annual fee, and is pushed back 12 months to the collection time of the next year's annual fee. Bank of Communications credit card annual fee exemption rules will generally be notified to cardholders by text message at the end of the year or the beginning of the next year. Cardholders need to pay attention to whether the annual fee exemption rules have changed.

●TIPS: Generally speaking, only ordinary credit cards can enjoy the annual fee exemption rule, while the annual fees for gold cards, platinum cards, diamond cards and other cards are usually unavoidable.

Lifetime free annual fee credit card

The annual fee requirement for credit cards is really tempting. Is there no such thing as a free lunch?

In fact, there is no annual fee for life. There are many kinds of credit cards. For example, for credit cards issued by Postal Savings Bank, whether it is the main card or the supplementary card, you do not need to worry about the annual fee.

Shanghai Bank’s credit cards also have free lunches, such as Star Card, Hong Kong Travel Card, Global Pass Card and other cards, all of which are free of annual fees for life. However, Shanghai Bank’s outlets only cover the Shanghai area. It is more difficult to apply in other areas.

There are also credit cards from other banks that waive annual fees for life. Since there are so many types of credit cards, if you want to apply for them, you need to search carefully. For example, China Guangfa Bank’s China Southern Airlines Sky Pearl Credit Card Extra Edition and QQ Car Card, Shanghai Pudong Development Bank’s McDull Credit Card and the 60th Anniversary Credit Card of the Founding of the People’s Republic of China, Agricultural Bank of China’s Golden Harvest Ruyi Card, and Bank of Beijing’s [18.825.67] Daai Credit Card are all available. There is no annual fee for life.

In addition, reporters noticed that since July 2013, various banks have issued a large number of business credit cards to enterprises and institutions, all of which have lifetime annual fee exemptions. Official credit cards are credit cards held by individuals working in budget units. They can be used for daily official expenditures and financial reimbursements, as well as for personal consumption and cash withdrawals, and can enjoy various card-holding preferential treatment.

●TIPS: The lifetime annual fee exemption is not the lifetime of the cardholder, but the "lifetime" of the card, that is, the validity period of the credit card, which is generally three to five years.

That’s it for the introduction of what to do if you owe the annual fee on your credit card.