According to official website of China Merchants Bank, the exclusive installment card of China Merchants Bank does not charge an annual credit card fee, which refers to the installment card issued by the cardholder after the cardholder puts forward the consumer demand to the bank. The exclusive installment card used by the cardholder shall not be used for production and operation, investment, house purchase and other purposes, and shall not be used for illegal activities. After the exclusive installment card is successfully used, the principal and interest shall be repaid in installments, and the principal payable in a single installment = total installment amount ÷ number of installments.