Does China Merchants Bank Constellation Credit Card need to pay an annual fee?

China Merchants Bank has different annual fees at different levels. General credit cards are divided into ordinary cards, gold cards, platinum cards and above. If the level is higher, the annual fee will be more expensive. Therefore, China Merchants Bank Constellation Guardian Credit Card belongs to UnionPay Gold Card, and it has to pay an annual fee.

The calculation method of annual fee is as follows: firstly, the annual fee can be directly waived in the first year of card opening. If you spend six times in the annual fee cycle at will, you can reduce the annual fee for the next year, and so on. It should be noted that online transactions, cash withdrawals, installment transactions, credit card binding Alipay or WeChat and other unlimited amounts and forms of consumption are all counted as the number of swipes.

If you don't spend enough times in the annual fee cycle, the annual fee will be deducted from the credit card limit and included in the latest bill. The cardholder must repay the loan on the last repayment date, otherwise it will be overdue.