You should be able to change billing to annual, but Intuit accepts only debit or credit cards; they will not bill you.  You might want to give them a call to discuss it further.

https://community.intuit.com/articles/1145770

Resolution for 'Annually Invoice issue: 'Change Payment Method to Annually Invoice' available: Yes.

The Annually Invoice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Annually Invoice issue yourself by looking for a resolution described in the article. If it is a complex Annually Invoice issue or you are unable to solve the issue, you may contact us by clicking here or by using other Annually Invoice support options.

For more information about resolving issues related to Annually Invoice in Quickbooks/QBO or to get support for the issue 'Change Payment Method to Annually Invoice', click the link below: