Is there an annual fee? Petal 1 and Petal 2 have no annual membership fee. Petal 1 Rise has an annual membership fee of $59. Related articles Do Petal cards offer rewards? If I'm not approved for a Credit Card, will my credit score be affected? What information is used to qualify me for a Petal card? Which Petal card is right for me? How do I apply for a Petal card?