No, according to the query card god network, the first graduate credit card of China Merchants Bank is free of annual fee permanently, and the first graduate credit card of China Merchants Bank is free of annual fee within the validity period of the card. The credit card faces of the first graduates of China Merchants Bank were inspired by the works of British young graffiti artist MrDoodle, which turned the life needs and mental state of graduates from campus to society into cartoon symbols.