The China Merchants Bank Premium Platinum Installment Credit Card is valid for 5 years. Cardholders who successfully apply for the China Merchants Bank Premium Platinum Installment Credit Card will enjoy the annual fee exemption in the first year, and the annual consumption of the main card exceeds 80,000 yuan. If the card is swiped 20 times or more, the annual fee of the main card will be reduced to RMB 800 for the following year. For the supplementary card, if the annual consumption is RMB 30,000 and the card is swiped 10 times, the annual fee for the supplementary card will be reduced to RMB 300 for the following year. The first two additional cards will be exempted. The card has no annual fee for life.