The China Merchants Bank Platinum Installment Credit Card has an annual fee, but the annual fee for the following year can be reduced by swiping the card.

Main card: The annual fee is 800 yuan. The annual fee is waived in the first year. If you spend more than 80,000 yuan in that year and swipe the card 20 times, the annual fee for the next year will be reduced. Supplementary card: the annual fee is 300 yuan. , the annual fee is waived in the first year. If you spend 30,000 yuan in that year and swipe the card 10 times, the annual fee for the next year will be reduced. The first two supplementary cards are free of annual fees for life.