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Should I Downgrade My Amex Platinum to the Everyday Card?

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If you use Delta lounges or Priority Pass Select, or if you live or fly out of one of the cities has has a Centurion Lounge (New York, Dallas, Las Vegas or later this year, Miami and San Francisco), it makes the Amex Platinum card much more attractive. The $200 a year airline credit automatically brings that $450 annual fee down to $250.

TPG reader Jeff has both the Personal Amex Platinum Card and Business Amex Platinum Card, which carry a combined $900 in annual fees, and he emailed me this week wondering whether he should downgrade his personal card to the American Express Everyday Card to lower the annual fees and increase the earning ratio.

The Amex Platinum Card.
The Amex Platinum Card comes with a $200 airline credit!

I think that’s a fantastic idea, because the Business Platinum is generally a better product all around. You get Open savings benefits, it sits on your business credit report rather than personal (so it doesn’t affect your FICO score), and has other perks aswell. The one key difference is that you would lose the option to add cardholders inexpensively. With the personal card, you can have up to three additional cardholders for $175 total. Those cardholders also get lounge access and Global Entry reimbursement, though the $200 airline credit is cumulative for all cards in the account, not for each cardholder.

While additional cardholders on the Business Platinum are much more expensive, I think that downgrading to the Everyday Card and maxing out the every day spend to get those bonuses is your best bet.

If you have other questions, please tweet me at @thepointsguy, message me on Facebook, or send me an email at

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Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A N/A $450 0% Excellent Credit