When applying for credit card, many people get the card and it's useless. Will the inactive credit card still charge annual fee? What's the difference between the settlement time of the annual fee of different bank's credit card? Let's get to know.
Do you charge annual fee if the credit card is not activated
There is no need to worry that the unused credit card will be charged with an annual fee. The CBRC has made it clear that users of the applied credit card are not allowed to charge an annual fee if they do not open the card. However, there are exceptions. Some individual banks will stipulate that users with high card grade will be charged with an annual fee even if they do not open the card, but there will be an explanation in the received credit card letter, so there is no need to worry.
As long as you carefully read the relevant credit card charging content when receiving the credit card, such as how much is the interest, cash withdrawal amount, annual fee and other issues, you will see these 'clearly marked prices' at a glance.
It is suggested that the credit card can be cancelled if it is not used. You only need to call the bank's credit card customer service number to cancel the card.
Settlement time of bank credit card annual fee:
1. Everbright Bank: the number of card swiping starts on the card activation date and ends on the corresponding day of the next year.
2. Minsheng Bank: the number of card swiping starts to be settled on the card activation date, and one year will be counted from the corresponding date of the next year.
3. China Construction Bank: the first bill day of the card year begins to be charged.
4. Bank of Communications: the number of card swiping starts on the card activation date and ends on the corresponding day of the next year.
5. China Merchants Bank: subject to the issuing date. For example, if the issuing date is November 1, the annual fee will be charged from November 1 to October 31 of the next year.
6. China Guangfa Bank: the number of card swiping starts on the card activation date and ends on the corresponding day of the next year.
7. China CITIC Bank: the number of card swiping starts on the card activation date and ends on the corresponding day of the next year.
8. Ping An Bank: the number of card swiping starts on the card activation date and ends on the corresponding day of the next year.
Pay attention to these three points about the annual fee of credit card:
The annual fee reduction policies are different
The annual fee reduction policies of each bank's credit card are different, but they can be roughly divided into two categories: 1. The annual fee of the next year can be reduced if the consumption reaches a certain number of times; 2. The annual fee can be exempted if the consumption reaches a certain amount. There are also two cases, or points exchange annual fee.
Annual fee for card cancellation may be waived
You must not know that the annual credit card fee can also be 'negotiated' with the bank. For example, if you do not meet the standard of annual fee reduction by the bank, as long as you call the customer service of the bank and threaten to cancel the card, the bank will exempt your annual fee in order to retain the customer.
There is also an annual fee for the supplementary credit card
Generally, when applying for a credit card, there will be a master card and a supplementary card. If you have the need for a supplementary card, you should pay attention to it. Because the supplementary card also needs to collect the annual fee, the fee amount is generally half of the annual fee of the main card, of course, the supplementary card also has the corresponding free annual fee policy.