If you swipe your China Merchants Bank credit card 6 times in a year, the annual fee for the next year will be waived. Generally, when applying for a China Merchants Bank credit card, the annual fee will be waived in the first year of the card. Starting from the second year, if the number of credit card swipes exceeds 6 times in the year, there is no limit on the amount or channel. As long as this basic condition is met, the annual fee can be waived.