This depends on the specific card type: most credit card types of China Merchants Bank are exempt from the annual fee for the first year, and the annual fee for the next year is exempted if you swipe your card six times in the same year. This "six times" is not limited to the amount, the payment method or whether there is a point transaction, as long as it is included in the bill, forget it. However, some credit card types of China Merchants Bank do not provide annual fee exemption for the number of swipes, nor do they provide the policy of exchanging credit card points for annual fees. For details, please consult the customer service of China Merchants Bank.

If you have other specific questions, I suggest you call the customer service staff of the bank, hoping to help you.