2. In the annual fee-free rules of the following year, some banks stipulate that they can be free as long as they swipe their cards for more than three times, such as China Construction Bank [6.203.85%] and China Everbright Bank; 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.
Financial planners in 3.Yinlv.com pointed out that because the annual fee is not the main source of income for domestic credit card issuers, banks generally stipulate that the annual fee is exempted only after swiping the card for a certain number of times, and there is no limit on the amount. However, banks that limit consumption quotas are not without them. As stipulated by Shanghai Pudong Development Bank, the annual fee for the following year can be exempted if the consumption reaches 2000 yuan or above.
In addition, it is particularly noteworthy that the annual fee-free rules of banks are not immutable. The annual fee of credit card is based on the collection time of the annual fee in the first year, and the next year's annual fee will be collected by pushing back 12 months. 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.