If it is a China Merchants Bank credit card, the annual fee will be included in the bill. Late payment will incur late fees and interest, and will affect your personal credit. The customer's relevant credit information will be recorded in the personal credit database and become part of the credit record. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full. To avoid affecting your personal credit, it is recommended that you repay your loan on time. For China Merchants Bank Credit Cards (except for some types of cards), the annual fee for the first year will be waived or waived by the China Merchants Bank Credit Card or its partners who advance payment for you. Once your card is valid for one full year (from the date of card issuance, not a natural year), the annual fee will be waived. 6 times (no limit on amount or form), the annual fee of the card for the following year can be reduced or exempted. And until the new annual fee discount policy changes are notified, this discount will be valid for a long time.