Generally, the annual fee of credit cards is high, and different types of credit cards also have different annual fee regulations. Please check the regulations or agreement terms of the relevant banks. For some special customers or certain conditions, the bank may also waive the annual fee. The annual fee for ordinary debit cards is generally 1 yuan/year. Some cards, such as payroll and provident fund accounts, are free of annual fees. In addition, there are many joint-stock banks that are free of charge.
Since August 1st, 214, the Measures for the Administration of Service Prices of Commercial Banks issued by the China Banking Regulatory Commission and the National Development and Reform Commission have been officially implemented. The free fees include the annual fee for debit cards and the management fee for small accounts. Only one bank card can be "free of charge" under one ID card, and you must bring your ID card to the counter to apply in person.
In mid-February, 214, the National Development and Reform Commission and the China Banking Regulatory Commission jointly issued the Measures for the Administration of Service Prices of Commercial Banks and the Notice on Printing and Distributing the Catalogue of Government Pricing for Government-guided Services of Commercial Banks, which published the catalogue of government-guided and government-set services for commercial banks, reduced and adjusted some charging standards and stipulated some free services.
and from August 1st, the new regulations on service charges of commercial banks jointly issued by the National Development and Reform Commission and the China Banking Regulatory Commission were formally implemented. According to the new regulations, since August 1, 214, individual customer account management fees and annual fees are conditionally exempted, and some charging standards are reduced. For those who do not enjoy the exemption of account management fees (including small account management fees) and annual fees in bank customers' accounts (excluding credit cards), commercial banks should provide them with an account (excluding credit cards and VIP accounts) free of account management fees (including small account management fees) and annual fees according to customers' applications.
At present, banks without annual fees include Minsheng Bank, Nanjing Bank, Huaxia Bank, Industrial Bank, China CITIC Bank, China Everbright Bank and Shengjing Bank. In addition, China Postal Savings Bank collects annual 1 yuan fees in Fujian Province and Zhuzhou, Hunan Province, while other regions have not yet collected annual fees.