China Bank's credit card, Jinpu Card, is exempt from the annual fee for the first year and the annual fee for the next year after swiping it five times. Platinum cards are exempt from the annual fee for the first year, and the annual fee for the next year can be reduced if the accumulated consumption of credit cards reaches 12.
The above contents are for your reference. Please refer to the actual business regulations.
What does it mean to charge the card free of annual fee?
The annual fee of credit card refers to the use fee of credit card, that is, the service fee charged by the bank for providing credit card services to cardholders. The annual fee standards of various credit card products of various banks are public, and relevant information can be found on official website.
Generally speaking, credit cards and gold cards are exempt from the annual fee in the first year, and the annual fee in the following year can be exempted if the card is swiped for a certain number of times in that year. The number of times each bank needs to swipe its card free of annual fee is different, which is subject to the standards published by the credit card issuing bank.
There are also some high-end platinum cards and unlimited cards that do not have an annual fee-free policy for the first year. Even if it is not activated, there is an annual fee. As long as it is approved, the annual fee will be recorded immediately and needs to be repaid in time.
Free annual fee for credit card swiping usually refers to swiping the card for a certain number of times within one year after issuing the card, which is not counted as withdrawal. The amount is unlimited, even if it is 1 yuan, the annual fee for the following year can be exempted.
The annual fee-free period of credit cards is not based on natural days or natural months, but on the date of issuance, and 12 months after issuance is one year.
Basically, the annual credit card fees of major banks will have preferential policies. Even without preferential policies, they can get more value-added services and so on. Some credit cards of China Guangfa Bank, Bank of Communications and China Merchants Bank are swiped for six times, and the annual fee for the following year is exempted.
Shopping consumption is the basic function of credit card, which is very convenient and fast.
In addition, credit card points can also be exchanged for goods. When the cardholder swipes the card in the special shopping mall designated by the issuing bank, he can use the points in the credit card to exchange cash and discount the shopping price as long as he tells the cashier to spend with the points.
You can also get many value-added services by using credit cards, such as obtaining low-cost insurance or the right to travel. Although there are many credit card discounts, we should also pay attention to repayment on time while getting benefits and benefits, so as not to affect our credit, which is not worth the candle.
It's just some rules that banks are exempt from annual fees. In the annual fee-free rules of the following year, some banks, such as China Construction Bank and China Everbright Bank, stipulate that you can swipe your card for more than three times. Some banks require more credit cards. For example, an SDB credit card needs 18 times to be exempted from the annual fee for the following year. Most banks, such as ICBC, Agricultural Bank, Bank of China, Bank of Communications, China Merchants Bank, etc. Free of 5-6 annual fees.
In addition, it is particularly noteworthy that the annual fee-free rules of banks are not immutable. The staff of Bank of Communications Credit Card Center told the reporter that the annual credit card fee is based on the collection time of the first year's annual fee, and pushing back 12 months is the collection time of the second year's annual fee.
Generally, the annual fee-free rules of Bank of Communications credit cards will be notified to cardholders by SMS at the end of the year or the beginning of the following year, and cardholders need to pay attention to whether the annual fee-free rules have changed.
Precautions for the annual fee rules of credit cards:
1. In fact, for most cardholders, the annual fee is not a problem. The key is whether the annual fee-free index is easy to achieve. From the survey, we found that most credit card centers did not adjust the original annual fee-free standard, only a few increased it.
2./kloc-from August of 0/3, most credit cards can be exempted from the annual fee for the first year, and then the annual fee can be reduced or exempted after a certain number of swipes or a certain amount. The relatively low standards are the standard cards of China Construction Bank and China Everbright Bank. As long as cardholders swipe their cards three times a year, they can be exempted from the annual fee for the following year.
3. The annual fee-free policy of Bank of Communications is that the annual fee is free in the first year, and the annual fee is free in the following year if you swipe your card six times in one year (unlimited amount). The swipe times of the main card and the auxiliary card can be calculated together. However, the credit card center may introduce a new annual fee standard, which will be published on the website of the credit card center and inform cardholders accordingly. If the annual fee-free policy changes, cardholders should not forget to adjust their credit card strategy.
How to avoid the annual fee for credit cards?
Some banks stipulate that the annual fee can be waived for six times, some banks stipulate that the accumulated consumption is more than 5,000 yuan, and some banks stipulate that the annual fee can be waived for more than 3,000 points. Faced with various rules of annual credit card fees in different banks, cardholders should first ask how high this "potential cost" is when they apply for a card.
Before the cardholder activates the credit card, the bank shall not charge an annual fee. Different types of credit cards have different ways to avoid annual fees. Generally, ordinary cards and gold cards can be directly exempted from the annual fee for the first year, and cardholders can also be exempted from the annual fee for the next year if they swipe their cards for a certain number of times. However, the annual fee of high-end credit cards such as Platinum Card is relatively high, and the relief measures shall be subject to the regulations of the issuing bank.
Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).
On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.
Product source:
Credit card The earliest credit card appeared at the end of 19. From 65438 to 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business departments. However, at that time, the card could only be used for short-term commercial credit, and the money had to be paid back as needed. There was no long-term default and no credit line.
Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.
It is said that one day in 1950s, Frank McNamara, an American businessman, entertained guests in a restaurant in new york. After eating, he found that he forgot his wallet and had to call his wife to bring cash to the restaurant. He was deeply embarrassed, so McNamara came up with the idea of establishing a credit card company. 1 In the spring of 1950, McNamara and his friend Schneider jointly invested110,000 US dollars to establish DinersClub in new york, the predecessor of Diners Credit Card Company. Diners' Club provides members with a card that can prove their identity and ability to pay. With this card, members can spend money in 27 designated restaurants without paying cash. This is the earliest credit card. This kind of credit card, which does not need to be handled by a bank, belongs to commercial credit card.
Credit cards are swiped several times a year, and there is no annual fee.
Banks have different regulations on the exemption of annual fee for credit cards. Usually, three, five or six times a year can exempt the annual fee for that year. However, banks also have regulations for exempting annual fees, regardless of the number of swipes. For example, it is stipulated that only the accumulated consumption exceeds RMB can the annual fee be reduced or exempted.
Generally speaking, only ordinary credit cards can enjoy the rule of annual fee exemption, while advanced credit cards such as gold card, platinum card and diamond card are usually unable to reduce the annual fee.
For example, Everbright Credit Card is exempt from annual fee in the first year, and it can be exempted from annual fee as long as it is swiped three times in the following year. The annual fee of CCB ETC credit card is 80 yuan, and it is free to spend 3 times a year. Gold card annual fee 160 yuan. If you spend or withdraw money three times a year for each card (the amount is not limited), you can avoid the annual fee of that year.