CITIC Bank credit card, gold card upgrade to platinum card is indeed a trap, everyone must be careful.

The CITIC Credit Card Platinum Card has a certain annual fee reduction policy:

1. Cardholders need to pay the annual fee for the first year by themselves. The annual fee for the elite and premium versions can be paid for the next year. Redeem via points; the next year’s annual fee for the premium version of the Platinum Card also needs to be paid by yourself and cannot be redeemed through points.

2. If the cardholder does not have too many requirements for the rights of the CITIC Credit Card Platinum Card, it is recommended that the cardholder can choose the Elite or Premium Edition of the CITIC Bank Credit Card UnionPay Platinum Card.

1. Although the annual fee of CITIC Credit Card Platinum Card is relatively expensive, the cost-effective benefits are still considerable:

1. Cardholders enjoy the Platinum “36+1” full sports experience;

2. Cardholders enjoy platinum business travel benefits, such as VIP registration, 2-hour flight delay insurance and other services;

3. Cardholders enjoy platinum travel protection, with 15 million airlines Accident insurance, roadside assistance services, etc.;

4. Cardholders enjoy Platinum private medical care, including Platinum tooth cleaning care, family health examination, appointment registration, etc.;

5. Cardholders enjoy platinum personal service privileges.

2. CITIC Bank’s credit card issuance volume has maintained rapid growth in the past few years. In 2017, CITIC Bank added 12.19 million new credit cards and issued a total of 49.57 million cards. In 2018, 17.48 million new cards were issued, an increase of 43.44% over the previous year. The growth rate of card issuance surpassed the "King of Retail" China Merchants Bank and Ping An Bank; a total of 67.05 million cards were issued. In 2019, CITIC Bank issued 16.2681 million new credit cards, with a total of 83.32 million cards issued, an increase of 24.26% from the end of the previous year. In 2020, affected by the epidemic, the growth rate of new credit cards issued by China CITIC Bank decreased, but the total number still reached 9.3 million, and the cumulative number of cards issued exceeded 92.62 million. As of the end of 2020, CITIC Bank's credit card loan balance was 485.2 billion yuan, a decrease of 5.64% from the end of the previous year; at the end of 2018 and 2019, this figure was 442 billion yuan and 514.2 billion yuan respectively.

3. Another evidence of the deteriorating asset quality of CITIC Bank is that its credit card bad debt recovery rate is getting lower and lower. The 12-month recovery rate for credit card debt that became non-performing assets in July 2019 was only 11.53%. For non-performing debt in July 2017, the 12-month recovery rate was 17.01%. CITIC Bank's credit card issuance rate is basically at the top level, which shows that many people use it. Its review is relatively loose, but the limit is relatively low. In terms of fees, there is an interest-free repayment period of up to 50 days, and you can choose to repay in full or according to the minimum repayment amount. No interest is required for full repayment during the interest-free repayment period (except for cash withdrawals). The overpayment in the card does not include deposit interest; the overdraft portion charges interest at a daily interest rate of 5/10,000.

4. Experience on using CITIC Credit Card:

1. Do not withdraw cash with CITIC Credit Card. Cash withdrawal is 30 yuan per time. (It’s really too unkind)

2. Don’t accept the service of upgrading to a gold card from CITIC Credit Card (CITIC is very unkind in this regard, and it really deserves to be scolded)

3. Don’t accept those services Insurance promotion services (CITIC originally has CITIC Insurance, so there is nothing wrong with providing resource sharing, you just don’t accept it).

4. It is really difficult for CITIC to raise quotas. (This is similar to Bank of Communications and Bank of China)

5. There are no free text messages for small amounts (the same applies to investment, Bank of Communications, and Construction)

6. The interest-free period is only 50 days (only 48 days, except Bank of China Titanium Ladies Card, Hua Xia Card, ICBC Card, Agricultural Bank of China Card, and Bank of Communications Card, which are all 50 days)

7. CITIC’s activities are the most affordable among all banks, and there are no requirements. High, the gifts are real and kind (watching a movie for nine yuan is really good.) Also, when I participate in activities, I usually get gifts of forty or fifty for every four or five hundred spent, which is really real.

8. You can use the card to threaten to waive annual fees for life, so you don’t have to worry about being charged annual fees if you forget to use the card. (It seems to be the only one)

9. We have many special merchants here, and you can basically get a 50% discount on movie theater tickets with a card (all in our city are available)

10. Free repayment for U-Shield linked debit card.

(This is not bad at all. Points were also given at that time)