what is the annual credit card fee?
the annual credit card fee refers to the fee to be paid to the bank during the use of the credit card. Generally, the annual credit card fee starts after the cardholder activates the credit card and is collected annually. The annual fee policy of each bank is different, and the money collected is also different.
the annual fees of different banks are slightly different, and the annual fees paid by different card types and card grades of the same bank are also different.
The annual fee policy of most banks has not changed. Generally, the annual fee for standard credit cards is around 1 yuan, while the annual fee for gold cards is generally 2 yuan or 3 yuan. The annual fee for a single-currency card is lower than that for a dual-currency card. The annual fee of the supplementary card is generally halved corresponding to the annual fee of the main card.
however, the annual fee standard of credit cards varies from bank to bank according to different cards. For example, Shanghai Pudong Development Bank standard credit card Puka annual fee master card 18 yuan, attached card 9 yuan; Gold card annual fee main card 36 yuan, supplementary card 18 yuan; The annual fee for Shanghai Pudong Development Co-branded Card is 36 yuan; As for the Pufa McDull series credit cards, the signboard of "free annual fee for life" has been displayed. Therefore, even for credit cards issued by the same credit card center, the annual fee standard will vary greatly. Cardholders should first ask how high this "potential cost" is when they apply for a card.
Extended information:
Most credit cards can be exempted from the annual fee in the first year, and then the annual fee can be reduced by swiping the card for a certain number of times or a certain amount. The relatively low standards are the standard cards of China Construction Bank and China Everbright Bank. As long as the cardholder swipes the card for three times a year, the annual fee for the following year can be waived. Among them, the cumulative number of swipes between the main and supplementary cards of China Everbright Credit Card can also be combined, that is, the main card and the supplementary card can be exempted from the annual fee once they are swiped for three times.
The annual fee-free policy of Bank of Communications is that the annual fee is free in the first year, and the annual fee is free in the following year if the card is swiped for six times (unlimited amount) in one year. The swiping times of the main card and the supplementary card can be calculated together. However, the credit card center may introduce a new annual fee standard, which will be announced on the website of the credit card center and the cardholders will be informed accordingly. If the annual fee-free policy changes, cardholders should not forget to adjust their credit card strategy.
The annual fee exemption policy of Shanghai Pudong Development Bank is quite special. Cardholders of standard Capka, Gold Card and some Platinum Cards (accelerated points and simple Platinum) can be exempted from the annual fee for the following year by swiping their cards six times. Standard platinum cards and co-branded cards need to earn 3, points to avoid the annual fee for the following year. (1 point for spending 1 yuan)
Minsheng Bank and Shenzhen Development Bank have relatively high annual fee-free standards. The former requires cardholders to swipe 8 times a year to avoid the annual fee of the following year, while the latter raises the standard to 18 times. Moreover, both credit card centers stipulate that the number of swipes for the main card and the supplementary card should be calculated separately, and any card that fails to meet the standard needs to pay the corresponding annual fee.
in the annual fee-free policy of banks, the words "first year" and "second year" are generally involved, but the timing start time of each bank is different. Some banks count from the cardholder's card opening date to the next year's day, and the annual fee is exempted within this year, such as China Construction Bank and China Guangfa Bank, while some banks start counting from the card verification date or card making date, and then the annual fee amount is reflected in the bill of the month of the card verification date or card making date, such as Bank of Communications and China Merchants Bank.
in the latter case, if the cardholder does not use the card in the first year after applying for a credit card, and does not open the card until the second year, it is likely that the annual fee will be charged directly, because according to the bank's timing rules, the cardholder's "first year" does not reach the number of swipes or the amount of swipes.
Platinum credit cards issued to high-end people not only have high annual fees, but also can hardly be exempted from annual fees. Platinum credit card holders can enjoy VIP service at the airport, golf discount booking, discounts at specific hotels and shopping malls, etc. after presenting their cards, so some platinum credit cards need to pay an annual fee once they are issued, regardless of whether the cardholders are activated or not.
For example, on the high-end GOLF Platinum Credit Card website of Industrial Bank, you can see an important prompt marked in bold red: "Once the card is issued, whether it is activated or not, an annual fee will be charged; Industrial Bank will not refund the annual fee it has collected; Industrial Bank is not responsible for the adverse effects of personal credit records caused by overdue payment of annual fees. "