The annual fee is calculated from the issuing date of your card (the validity period under the credit card number, and the previous date is the issuing date), which is not a natural year. If you successfully apply for a credit card of China Merchants Bank (except some cards), the annual fee for the first year will be reduced or exempted by the credit card of China Merchants Bank or partners. If you spend six times (in any amount and form) on a single card within a whole year (from the date of issuing the card), it will be reduced or exempted in the next year. And this offer is valid for a long time before the change notice of the new annual fee preferential policy.