An annual fee is required.

The Collector’s Edition Precious Metal Peony Credit Card requires an annual fee, and the Collector’s Edition Precious Metal Peony Credit Card has an annual fee reduction policy.

Credit cards charge an annual fee. Credit cards have card levels such as regular card, gold card, and platinum card. Different card levels have different annual fee standards. Although it is said that the annual fee for regular cards and gold cards can be reduced as long as the number of card swipes or the amount of swipes is reached. However, the annual fees of most platinum cards are rigid charges, and users cannot reduce them by swiping the card.