If you successfully apply for a China Merchants Bank credit card (except for some card types), the first-year annual fee will be waived or waived by the China Merchants Bank credit card or partners who advance the payment for you. The annual fee will be waived for a full year within the validity period of your card (from the date of card issuance). If you make 6 purchases with a single card (not limited to a calendar year) (no limit on amount or form), the annual fee for the card in the following year will be reduced or exempted. And until the new annual fee discount policy changes are notified, this discount will be valid for a long time.