The annual fee of a credit card refers to the annual fee for using a credit card. Each credit card has its corresponding annual fee. The annual fee of each card of each bank is different. Generally speaking, the annual fee is only charged after the credit card is activated, indicating that you start using the card, then the usage fee is charged. In order to encourage consumption, banks have given various annual fee reduction and exemption policies.

The most common one is: the annual fee is waived in the first year of opening a credit card, and the annual fee is waived after a certain number of uses. This is a commonly used annual fee exemption policy for credit cards;

No annual fee if you make a certain number of purchases: For example, China CITIC Bank UnionPay Standard Credit Card: Use once in the first month to waive the annual fee for the first year, and then use it five times a year to waive the annual fee for the following year. Annual fee.

No annual fee if the accumulated consumption reaches the limit; no annual fee for life: This type of no annual fee policy is rare, but it is not unheard of. It is worth noting: Lifetime here does not mean that the cardholder does not need to pay annual fees for life, but that the card held is free of annual fees within the validity period, that is, the card's lifetime, usually 3-5 years.

Extended information:

Lifetime credit card with no annual fee:

1. In fact, there are no credit cards with no annual fee for life, such as credit cards issued by Postal Savings Bank , whether it is the main card or the supplementary card, there is no need to worry about the annual fee.

2. Shanghai Bank’s credit cards also have free lunches, such as Star Card, Hong Kong Travel Card, Global Pass Card and other cards, all of which are free of annual fees for life. However, Shanghai Bank’s outlets only cover Shanghai. regions, other regions are more difficult to handle.

3. Other banks also have credit cards with lifetime annual fee exemptions. Since there are so many types of credit cards, you need to search carefully if you want to apply for them. For example, China Guangfa Bank’s China Southern Airlines Sky Pearl Credit Card Extra Edition and QQ Car Card, Shanghai Pudong Development Bank’s McDull Credit Card and the 60th Anniversary Credit Card of the Founding of the People’s Republic of China, Agricultural Bank of China’s Golden Harvest Ruyi Card, and Bank of Beijing’s Daai Credit Card [18.82 5.67%] can all be enjoyed. There is no annual fee for life.

Baidu Encyclopedia-Credit Card Annual Fee Rules