How to reduce the annual fee for VIB credit card

Credit cards are a popular form of payment for many people. Using credit cards has many outstanding utilities to help shoppers pay quickly and conveniently. With many outstanding advantages when shopping with credit cards, many people intend to learn about this form of payment. However, many people wonder about the annual fee of credit cards because they are often quite high.

What is the annual fee?

Annual fee is the annual amount that customers have to pay to the bank as a maintenance fee for the service. The annual fee is applied to many types of services such as ATM cards, credit cards, etc. The annual fee for a credit card is usually much higher than for other cards.

VIB Financial Free credit card is free of charge for annual fee a lifetime

Annual fee at the banks

Currently, annual fees at banks range from VND 100,000 to VND 1,500,000 depending on the card. So for customers who own many credit cards annual fees are also quite expensive. How to reduce annual fee, save cost when using credit card?

To reduce the annual fee for all types of cards, you can refer to the following solutions:

+Choose the types of cards that earn points: these cards are quite popular, when shopping, you swipe the card to earn points or miles which can be converted into annual fees or gifts. Annual fee will be reduced significantly or free if you spend a lot.
+Incentives from the bank: some cards will be free from 1 to 2 years depending on the bank. There are a number of banks that stipulate the spending level, annual fee will be free when reaching the level.
+Take advantage of incentives, promotions: There are many preferential shopping programs for credit cardholders from 30 to 50% or higher. You seize the opportunity to purchase the necessary items to help save costs.

How to reduce annual fee of VIB credit card

+Free annual fee pernamently when opening a credit card: VIB International Bank with VIB Financial Free credit card is free of charge for annual fee a lifetime. The first year is exempted from annual card, the subsequent years are free when the total payment transaction at POS / Internet reaches at least 12 million in the preceding year..
+Standard spending: VIB Premier Boundless credit card is free for the first year fee if spending at least 10 million within the first 30 days from the time of card opening. The following years will be free if spending at least 30 million / month in the previous year.
+Earn reward miles: With VIB Travel Élite credit card when shopping, you earn reward miles for every transaction. Reward miles never expire and can be flexibly redeemed for gifts, cash, coupons, etc. and also redeemable for annual fees.
+The more you shop, the more refunds you get: With VIB Cash Back customers spend more money on shopping, they get more refunds. Account refunds can be used in the next shopping period or pay an annual fee.
+Accumulation points earning card: VIB Rewards Unlimited credit cards will earn you unlimited points for every spending transaction. Especially, when paying Prudential with VND 1,000 and receiving 20 points, this number can be up to 300,000 points / statement period. Rewards points can easily be exchanged for gifts, cash or annual fees ...

Thus, all VIB credit cards have a program of earning points, reward miles, refunds, free annual fee ... to help you save the maximum cost when using credit cards. If you do not own a credit card, please visit VIB International bank's office / branch for instructions on how to complete the card opening procedure or register for online card opening here