No.

China Merchants Bank’s First Graduate Credit Card is permanently free of annual fees during the validity period of the card. College students who hold this card will have a limit of 0 before graduation and need to deposit money into their credit card account before they can make purchases.

After graduation, the quota will be released after graduation registration in Palm Life and passing the review. The first two cash withdrawals per month for the campus version of this card are free of handling fees, but after upgrading to a personal credit card, the handling fees will no longer be waived.

At the same time, the card does not accumulate consumption points. For college students who are about to graduate, this credit card is very practical, convenient and easy to use, and there is no annual fee during the validity period. If you are a college student who is about to graduate, you may consider applying for this card.