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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

Chase Sapphire Preferred® Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.