How to waive annual fees for credit cards: 1. Waiver of annual fees in the first year: Annual fees are generally waived in the first year of applying for a credit card, but some banks are exceptions. For example: CITIC Bank's requirement to waive annual fees in the first year must be after the card is issued. Spend by credit card within the first month. 2. Annual fee exemption for the next year: China Everbright Bank and China Construction Bank have regulations that as long as the card is swiped three times within a year, the annual fee for the next year will be waived. Most banks such as ICBC, Agricultural Bank of China, China Merchants Bank, and Bank of China have established annual fee exemption standards of 5 -6 times. 3. Valid number of card swipes/amount: According to the regulations of each bank, annual fees are waived if the number of valid card swipes reaches the specified number. Many banks stipulate that there is no annual fee if the card is swiped 6 times or a certain amount is swiped.

The bank’s annual fee exemption rules are not static. Staff at the Bank of Communications Credit Card Center said that the annual fee for a credit card is based on the collection time of the first year's annual fee, which is pushed back 12 months to the collection time of the next year's annual fee. Bank of Communications credit card annual fee exemption rules will generally be notified to cardholders by text message at the end of the year or the beginning of the next year. Cardholders need to pay attention to whether the annual fee exemption rules have changed.

The annual fee standards for credit cards of various banks will vary depending on the card. For example, the annual fee for Shanghai Pudong Development Bank's standard credit card is 180 yuan for the main card and 90 yuan for the supplementary card; the annual fee for the gold card is 360 yuan for the main card and 180 yuan for the supplementary card; and the annual fee for the Pudong Development Bank Shanghai Airlines co-branded card is 360 yuan; as for the Pudong Development McDull series The credit card also displays the sign of “no annual fee for life”.

Even if credit cards are issued by the same credit card center, the annual fee standards will be very different. Cardholders should first ask how high this "potential cost" is when applying for a card. Generally, the annual fee for a standard credit card is around 100 yuan, while the annual fee for a gold card is usually 200 yuan or 300 yuan. The annual fee for a single-currency card is lower than that for a dual-currency card. The annual fee for supplementary cards is generally half the annual fee for the main card.