Does ICBC have to pay an annual fee after reporting the loss of its credit card? The conditions for reducing the annual credit card fee are as follows

As we all know, there is an annual fee for credit cards. Generally, credit cards will only reduce the annual fee if certain conditions are met. Then, if the cardholder reports the loss of his credit card, do you still have to pay an annual fee? Take ICBC credit card as an example. Let's have a look.

Does ICBC need to pay an annual fee after reporting the loss of its credit card?

If the cardholder incurred the annual fee when using the ICBC credit card before and did not meet the conditions for reducing the annual fee of the credit card, the annual fee will still be paid after reporting the loss of the credit card. On the other hand, if the cardholder has previously used the ICBC credit card to meet the annual fee waiver conditions, there is no need to pay the annual fee after reporting the loss of the credit card. Generally speaking, only when the credit card is not activated, the credit card has been cancelled and the credit card exemption conditions are met, the credit card will not charge an annual fee.

The following are the conditions for the annual fee reduction of China Merchants Bank's credit card:

1 The transaction is up to standard and free of annual fee.

Gold card, ordinary card and simple platinum card are exempted from the annual fee for the current year if they have spent 5 times or accumulated 5,000 yuan (equivalent to foreign currency);

The accumulated consumption of Platinum Card is 200,000 yuan (equivalent to foreign currency), which is exempt from the current annual fee, excluding online consumption, house purchase, car purchase, wholesale, public welfare and other businesses that ICBC has determined cannot accumulate points. Among them, the online consumption transaction of dual-currency credit cards on overseas websites without cards is included in the annual fee-free scope.

Free annual fee within the validity period.

Some cards, such as Constellation Card, China Zanzan Card and ICBC E Card, are free of annual fees during the validity period;

3 points are exchanged free of annual fee.

Some platinum cards support the exchange of personal comprehensive points for annual fees.

The above are some knowledge points about China Merchants Bank's credit card, so you can pay attention to them.