This is how China Merchants Bank deducts 100 annual fees for credit cards:

1. Because your credit card has passed the first-year annual fee-free period or has enjoyed certain preferential activities, the bank has started Annual fees are charged according to normal charging standards.

2. If you fail to repay on time or have a serious overdraft on your credit card, the annual fee may also be deducted from the China Merchants Bank credit card.