At JFK or SFO? Consider a Virgin Clubhouse So, if you have children 3-13, you are kind of up against a wall with paying the $30 guest fees. If you don’t REALLY want them to be an AU for spend purposes, you can hold on to the card and just bring it when traveling.
(Note: the Business Platinum card has a $350 AU fee, so that has a 7 visit breakeven). If you guest someone in more than 3 times a year, make them an authorized user on your personal card. Keep in mind that you can get this Welcome Bonus even if you’ve gotten one on the regular American Express Platinum card or any other “flavors” of it. Still, with all the same benefits as the regular Platinum Card, it’s an easy way to save $175 and still get your spouse or other guest in free. The CashPlus account earns basically no interest. Depending on your tax situation, this may or may not be worthwhile. After tax on that $1,000 you’re probably about break-even. The bummer on that, though, is that at the current 4% risk-free interest rates we are seeing, you are losing $1,000 in interest to get that $695 waiver.
#Centurion lounge amex platinum plus
This will save you $175.įurther, it’s possible to save the $695 annual fee as well through their “engagement bonus” if you maintain a Platinum CashPlus account with $25,000 on deposit PLUS $5,000 of direct deposits or a social security deposit of any size.
#Centurion lounge amex platinum free
Not only can you get a fresh Welcome Bonus (currently 125,000 100,000 points), but if you hold a Morgan Stanley account (required for this card), for the same $695 annual fee you can add one Authorized User free of charge. I really cannot think of a way this opportunity cost of lost points makes sense. Likewise, unless you are booking $75,000 in air and hotels via Amex Travel, it makes no sense on the business card. Flights earn 5X per dollar but unless you are buying $75,000 in flights, this strategy does not work.
The stated exception is for those that spend $75,000 in the previous calendar year on their Platinum cards, which is something that I cannot think of any examples where that would make sense. So how can you get around that per visit fee?įirst let’s look at the one American Express most wants you to use – and the one you should definitely not use: Spend $75,000 in the Previous Year on your Platinum Card
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