According to the regulations of the bank, there is no annual fee if the credit card is not activated. However, it should be noted that there are some special cards or cards with special materials issued by banks, and an annual fee will be charged if they are not activated. Then, doesn't Guangfa Credit Card activate the annual fee?

Does Guangfa Credit Card not activate the annual fee collection?

Regarding the annual fee for credit cards, Guangfa Bank clearly stipulates that there is no annual fee for credit cards that are not activated. The first annual fee is generated on the day the new card is activated, and the payment period is one year. This fee will be deducted from the customer's GDB card account and will not be refunded. During the validity period of the card, the annual fee will be automatically deducted from the above account regularly. To put it simply, if it is a Guangfa credit card, there is no annual fee for the credit card, but it needs to be properly kept to avoid the risk of loss.

Generally speaking, before the cardholder activates the credit card, the banking financial institution shall not deduct any fees, except that the cardholder authorizes the banking financial institution to deduct the fees in writing, telephone recording at the customer service center or electronic signature. If the inactive credit card is charged an annual fee, the cardholder can complain to the banking supervision institution.