{"id":33560,"date":"2023-08-22T21:00:55","date_gmt":"2023-08-22T21:00:55","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/08\/22\/should-you-get-the-amex-platinum-or-be-an-authorized-user-the-points-guy\/"},"modified":"2023-08-22T21:00:55","modified_gmt":"2023-08-22T21:00:55","slug":"should-you-get-the-amex-platinum-or-be-an-authorized-user-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/08\/22\/should-you-get-the-amex-platinum-or-be-an-authorized-user-the-points-guy\/","title":{"rendered":"Should you get the Amex Platinum or be an authorized user? – The Points Guy"},"content":{"rendered":"


\n<\/p>\n

\n

One of the most popular premium credit cards out there is The Platinum Card\u00ae from American Express<\/a><\/span>. While it features a high annual fee, it can offer a ton of value for the right kind of traveler.<\/p>\n

However, the card recently increased its annual fee for authorized users<\/a>. Instead of paying $175 for adding up to three, it’ll now cost you $195 for each additional Platinum cardmember<\/a> you add to your account (see rates and fees<\/a>). This structure is now in effect for accounts opened on (or after) Aug. 17.<\/p>\n

Thankfully, cardmembers who got the Platinum Card prior to Aug. 17 have some time to decide whether it’s worth keeping existing authorized users on their account since Amex has promised to provide at least 45 days of notice before the new fee structure takes effect. Nevertheless, these additional cardmembers may be asking an important question: Should I stay as an authorized user or get a Platinum Card<\/a> of my own?<\/p>\n

Here’s some guidance to help you make that decision.<\/p>\n

<\/p>\n

Overview of Amex Platinum fees<\/h2>\n

The annual fee for the Amex Platinum is $695 (see rates and fees<\/a>), and each authorized user will add another $195 in annual fees to the account. Previously, you could add up to three for $175 total. That meant your first three additional Platinum card members would be just $58.33 per year.<\/p>\n

But the new fee structure has significantly narrowed the difference in cost between holding your own Amex Platinum and being an authorized user on someone’s account.<\/p>\n

As a result, you may want to crunch the numbers to see which makes the most sense.<\/p>\n

<\/p>\n

When you should get your own Amex Platinum<\/h2>\n
\n