The bank's method of reducing the annual fee of 300 is as follows:

1. China Merchants Bank ordinary credit card: users call the customer service hotline 4008205555 of China Merchants Bank Credit Card Center, transfer to manual customer service, and apply for annual fee recharge adjustment policy, and the annual fee can be waived if the specified number of purchases is made within the time limit specified by the bank;

2. China Merchants Bank Credit Card Gold Card: Users can enter the Palm Life APP to use points to redeem annual fee reductions or call the customer service hotline to make additional payments. Apply or redeem points for the annual fee;

3. China Merchants Bank rigid annual fee card: The annual fee of a rigid annual fee card cannot be redeemed by the number of card swipes or points, such as the China Merchants Bank Platinum Credit Card.