Different credit card levels have different annual fee charging standards, so the annual fee required for a platinum card is naturally different from that of an ordinary credit card. So can the Platinum Card be exempted from the annual fee? How much annual fee is usually required? Let’s take a look.

Can’t the annual fee be waived for the Platinum Card?

If the Platinum Card waives the annual fee for life, and the card is upgraded to a Platinum Card, the annual fee can be waived. The charges for the Platinum Card are rigid. To upgrade to a Platinum Card, you must pay an annual fee. This annual fee cannot be reduced or reduced. Each bank has different annual fee standards for platinum cards. Please refer to the regulations of the card-issuing bank.

Users can try to apply for a platinum card with no annual fee. The benefits of this type of platinum card are better than those of gold cards, and the no annual fee can save users a fortune.

What is the annual fee for a platinum credit card?

Generally, the annual fee for a platinum credit card is around 800-2,000 yuan. For example, the annual fee for a platinum credit card from Bank of Communications is 1,000 yuan/year. ; The annual fee for ICBC’s platinum credit card is 2,000 yuan/year; the annual fee for China Everbright Bank’s platinum card is 1,188 yuan/year. And unlike ordinary cards, the annual fee of platinum credit cards cannot generally be waived by accumulating the number of card swipes, and the discounts are very small.

How can platinum credit cards be exempted from annual fees

So how can platinum credit cards be exempted from annual fees? In fact, major banks have considered this factor and have developed many card types with looser annual fee rules. , mainly include the following types:

1. China Construction Bank Standard Platinum Credit Card, with 18 or more purchases (no limit on amount), the annual fee is waived;

2. CITIC VisaSignature Credit Card, Enjoy the annual fee exemption within the validity period of the card;

3. CITIC I Platinum Credit Card, the annual fee is waived in the first year, and the annual fee is waived for 12 card swipes (including cash withdrawals) in the following year;

4. China Merchants Bank VisaSignature all-currency platinum card, no annual fee for life with no additional conditions;

5. Shanghai Pudong Development Bank Platinum Card, swiping the card 6 times can reduce the annual fee for the next year;

6. Hua Xia Bank Platinum Card, the first year is free, and 20,000 points can be redeemed for the annual fee in the following year;

7. Guangfa Zhenshang White Credit Card, 3 transactions (inclusive) and each transaction exceeds 88 within 90 days of issuance Yuan (inclusive) is exempted from the first-year annual fee, and the annual fee for the following years is waived on a rolling basis by swiping the card 12 times or more;

8. Everbright Business Travel Platinum Card, the main card can use 500 yuan and 100,000 points in the first year Deduction; 200,000 points can be used to deduct the annual fee of the supplementary card; 200,000 points can be used to deduct the main card in the following year; 200,000 points can be used to deduct the annual fee of the supplementary card.

The above is the relevant knowledge about the annual fee of the Platinum Card. I hope it can help everyone better understand the application of bank credit cards.