How much is the annual fee for a Bank of Communications standard credit card? Have you got the annual fee-free strategy?
When applying for a credit card, it is important to understand the annual fee. After all, the annual fee is a large amount of money. The higher the level, the more you will charge. However, most credit cards now have annual fee-free policies. Have you got them? Many friends still don’t know the annual fee standards of Bank of Communications standard credit cards and the related annual fee-free policy. Let’s take a look together!
How much is the annual fee for a Bank of Communications standard credit card?
BoCom’s standard credit cards are divided into single-currency cards and dual-currency cards. At the same time, there are also differences between regular cards and gold cards according to the credit card level. The details are as follows:
Bank of Communications standard credit cards are regular cards. (UnionPay): Annual fee is 80 yuan/year
Bank of Communications Standard Credit Card (UnionPay VISA): Annual fee is 140 yuan/year
Bank of Communications Standard Credit Card Gold Card (UnionPay VISA) ): Annual fee is 200 yuan/year
The above mentioned annual fees are for the main card. If there is an additional card, it corresponds to 50% of the annual fee for the main card
Bank of Communications standard credit card Annual fee-free policy
All credit cards of Bank of Communications (except Platinum Card) are exempt from annual fees in the first year, and annual fees for the following year are waived after swiping the card 6 times. The annual fee for the third year will be waived by swiping the card 6 times in the following year, and so on.
It should be noted that:
1. The Bank of Communications standard credit card annual fee period is calculated from the card issuance date, not the natural year.
2. Regardless of whether the Bank of Communications credit card is activated or not, the Pacific Dual Currency Card will charge an annual fee of 140 yuan, and the gold card will charge an annual fee of 200 yuan.
Therefore, if you apply for a Bank of Communications credit card and don’t want to use it, don’t leave it there. Activate it first and then cancel it to waive the annual fee.
That’s all for you about “How much is the annual fee for a Bank of Communications standard credit card?” I believe you all will understand after reading this. The annual fee for a credit card is not much, but you can completely save it. Money, fly legs are also meat!
What is the annual fee for the Bank of Communications Standard Credit Card Gold Card? How to reduce the annual fee
The Bank of Communications Standard Credit Card Gold Card is a travel card, a standard card, a Visa card, a card favored by travel experts, a RMB and US dollar dual-currency card, and it is also a gold card. There are many labels on it. What is the annual fee for the Bank of Communications Standard Credit Card Gold Card? The policy of how to reduce or reduce annual fees has also attracted much attention.
1. What is the annual fee for Bank of Communications Standard Credit Card Gold Card
Annual fee for Bank of Communications Standard Credit Card Gold Card: 200 yuan; Annual fee for supplementary card: 100 yuan
Inactive cards will not incur any annual fees.
2. Annual fee reduction rules for the Bank of Communications Standard Credit Card Gold Card
1. The Bank of Communications credit card is exempt from the first-year annual fee. The amount of swiped cards 6 times in the first year will not be counted (cash withdrawals are not included) number of times), the annual fee for the following year will be waived. And so on in the future.
2. The annual fee-free period of a credit card is not based on natural months or natural years, but is based on the card issuance date (the card issuance date is on the piece of paper that the credit card was affixed to when the card was issued, or by calling Customer Service Inquiry), the 12 months after the card issuance date are considered as one year. For example, if the credit card issuance date is December 1, 2014, then the period from December 1, 2014 to November 30, 2015 is one year, that is, the first year. If you reach the number of card swipes specified by the bank in the first year, you will be exempted from the annual fee for the following year, and the following year is from December 1, 2015 to November 30, 2014.
So, as long as you swipe the card 6 times before the card issuance date, the annual fee for the next year will be waived.
How to waive the annual fee for Bank of Communications credit card
Public card and gold card: The annual fee is unconditionally waived in the first year. The annual fee for the next year can be waived by swiping the card 6 times in the same year; Platinum card: Currently The annual fee for the Bank of Communications Platinum Card will be charged on the first statement date after the account is activated.
1. Bank of Communications: Bank of Communications (English name Bank of Communications, referred to as BCM, Chinese name referred to as Bank of Communications) was founded in 1908. It is one of the six major banks in China and one of the oldest banks in China. , was also one of the note-issuing banks in modern China. On April 1, 1987, the reorganized Bank of Communications officially opened for business and became China's first national state-owned joint-stock commercial bank, with its head office in Shanghai.
Bank of Communications was listed on the Hong Kong Stock Exchange in June 2005 and successfully listed on the Shanghai Stock Exchange in May 2007. Bank of Communications is one of China's major financial service providers. The group's business scope covers commercial banking, securities, trusts, financial leasing, fund management, insurance, offshore financial services, etc. Bank of Communications has 235 domestic branches, including 30 provincial branches, 7 directly affiliated branches, and 199 provincial branches. It has branches in 239 prefecture-level and above cities and 158 counties or county-level cities*** nationwide. 3,270 business outlets; it has 7 non-bank subsidiaries, including wholly-owned subsidiaries BoCom Leasing, BoCom Insurance, and BoCom Investment, and holding subsidiaries BoCom Fund, BoCom Guosen, BoCom Life, and BoCom International . In addition, Bank of Communications is also the largest shareholder of Changshu Rural Commercial Bank and the joint largest shareholder of the bank. It has strategically invested in Hainan Bank and controls 4 rural banks.
2. Bank of Communications’ corporate size: As of the end of 2017, Bank of Communications had 232 domestic branches, including 30 provincial branches, 7 directly affiliated branches, and 195 provincial banks, operating in 236 prefecture-level and It has 3,285 business outlets in cities above the prefecture level and 167 counties or county-level cities. Its wholly-owned subsidiaries include BoCom International, BoCom Insurance and BoCom Leasing, and its holding subsidiaries include BoCom Fund, BoCom Guosen, BoCom Life and Dayi BoCom Xingmin Rural Bank, Zhejiang Anji BoCom Rural Bank, Xinjiang Shihezi BoCom Rural Bank, Qingdao Laoshan BoCom Rural Bank. In addition, Bank of Communications is the largest shareholder of Jiangsu Changshu Rural Commercial Bank, the bank's joint largest shareholder, and has strategically invested in Hainan Bank.
As of the end of 2016, Bank of Communications’ assets reached RMB 8,403.2 billion, an increase of 17.44% from the end of the previous year; its capital adequacy ratio, core capital adequacy ratio and core tier-1 capital adequacy ratio reached 14.02%, 12.16% and 11%; return on average assets (ROAA) and return on average equity (ROAE) are 0.87% and 12.18% respectively; non-performing loan rate is 1.52%. The net profit for the whole year was RMB 67.21 billion, an increase of 1.03% over the previous year.
That’s it for the introduction of how to waive the annual fee for Bank of Communications credit cards.