So far, ICBC only has Shanghai Peony Smooth Card, which is free of annual fee for life. Peony Platinum Credit Card has accumulated to 4 million points, which can be exempted from annual fees for life; Other credit cards are free of annual fees for life as long as they are used for ten years.

In fact, Bian Xiao doesn't advise you to look for those credit cards that are free of annual fees for life. You should apply for a credit card that really suits you according to your consumption needs. And as long as the annual consumption reaches the amount or times specified by ICBC, the annual fee can be exempted. The annual fee-free policy for all ICBC credit cards is as follows:

1. The accumulated credit card spending of Platinum Card customers in local and foreign currency accounts reached 200,000 yuan in the current year (excluding online consumption, house purchase, car purchase, wholesale, public welfare and other points that ICBC could not accumulate), and the annual fee of the principal and secondary cards can be reduced or exempted this year. (Except ICBC Express Centurion Platinum Card)

2. Platinum card customers who spend RMB 4 million or equivalent foreign currency in their local and foreign currency accounts (excluding online consumption, house purchase, car purchase, wholesale, public welfare and other businesses that ICBC has determined cannot accumulate points) can give the principal and secondary cards a permanent annual fee-free discount. (Except ICBC Express Centurion Platinum Card)

3. The annual fee of UnionPay standard platinum card (except UnionPay Zunshang Platinum Card, Dual-core Combination Platinum Card and UnionPay Multi-currency Platinum Card) is charged at 10% discount.

4. For customers with personal gold card, personal ordinary card and personal special card, the annual fee of the main and auxiliary cards can be reduced if the accumulated credit card spending of the local and foreign currency accounts in the current year reaches 55,000 yuan or equivalent foreign currency.

5. Corporate card (corporate card) The annual fee of the principal and secondary cards can be reduced if the accumulated credit card spending of local and foreign currency accounts in the current year reaches 100, 100 RMB or equivalent foreign currency.

6. Personal card accounts that sign salary contracts, pensions, subsistence allowances, medical insurance, unemployment insurance and housing provident fund with ICBC are exempt from annual fees (except platinum cards and above).

7. Provide business cards (personal cards and business cards) free of charge.