when using a credit card, a certain service fee will be charged, which refers to a fee that the cardholder needs to pay to the bank or other institutions when using the credit card. Then, what fees will be charged for the credit card? Let's take a look at it together!

what are the charges for credit cards?

1. Annual fee

refers to a fixed fee that the cardholder needs to pay to the bank every year to maintain the right to use the credit card. The amount of annual fee varies according to different credit card grades and brands, generally ranging from RMB 1 to RMB 2,;

2. Cash withdrawal fee

refers to a fee that the cardholder needs to pay to the bank when using the credit card to withdraw cash, in order to compensate the bank's capital cost and risk loss. The cash withdrawal fee is generally charged according to a certain proportion of the cash withdrawal amount, usually between 3% and 5%, and there is also a minimum charge amount, usually between 1 RMB and 15 RMB.

3. Installment fee

refers to a fee that the cardholder needs to pay to the bank when using the credit card to repay the loan by installments to compensate the bank's capital cost and risk loss. Installment fee is generally charged according to a certain proportion of the total installment amount, usually between .4% and .8%, which varies according to the installment period;

4. Repayment fee

refers to a fee that cardholders need to pay to banks or third-party platforms when using non-bank debit cards or third-party platforms to compensate for the convenience services provided by users. The repayment fee is generally charged according to a certain proportion of the repayment amount, usually between .1% and .2%, and there is also a minimum charge amount, usually between .1 RMB and .5 RMB.

5. Handling fee for loss reporting and replacement

Credit cards will also charge a handling fee when they report loss reporting and replacement. Different banks and different card types will charge different fees. For those cards made by special technology, the replacement fee is more expensive.