Credit card tied to WeChat consumption is not free of annual fee.WeChat consumption is not included in the number of free annual fee swiping cards. The number of free annual fee swiping cards requires the transaction of calculable points, such as when you go to the supermarket to buy something.WeChat consumption is non integral transaction.[Development information] The earliest credit card appeared at the end of the 19th century.In the 1880s, the British clothing industry developed the so-called credit card, and the tourism industry and commercial sector also followed this trend.However, the card at that time could only be used for short-term commercial credit, and the payment should be paid on demand. It could not be defaulted for a long time, and there was no credit line.The credit card is generally a special carrier plastic card with a length of 85.60mm, a width of 53.98mm and a thickness of 1mm, with the issuer's name, validity period, number, cardholder's name and other contents printed on the front, and chips, magnetic strips and signature strips on the back.Cardholders can purchase, consume and deposit and withdraw cash from banks with their credit cards.Dali Club provides members with a card that can prove their identity and payment ability. Members can use the card to account for consumption in 27 designated restaurants without paying cash. This is the earliest credit card.This kind of credit card that does not need to be handled by the bank belongs to commercial credit card in nature.In 1952, Franklin National Bank of California, as a financial institution, first issued bank credit cards, becoming the first bank to issue credit cards.In 1959, Bank of America in the United States issued Bank of America cards in California.Since then, many banks have joined the ranks of card issuing banks.By the 1960s, bank credit cards were quickly welcomed by all sectors of society and developed rapidly. Credit cards were also popular not only in the United States, but also in Britain, Japan, Canada and European countries.Since the 1970s, Hong Kong, Taiwan, Singapore, Malaysia and other regions have also started to handle credit card business.In the 1960s, credit cards sprouted and developed rapidly in the United States, Canada, Britain and other developed countries in Europe and the United States. After more than 50 years of development, credit cards have been widely accepted in more than 95% of the world's countries.In the 1980s, with the reform and opening up and the development of market economy, credit cards, as electronic and modern consumer financial payment tools, began to enter China, and in the past decade, they have developed by leaps and bounds.
First of all, we need to see what kind of credit card you are. The annual fee system of each bank and each credit card is different.Take the ordinary card of China Merchants Bank as an example, annual fees can be waived for 6 times of consumption every year.
