Good afternoon everyone. As part of my “Keep, Cancel or Convert?” series, I like to evaluate and reevaluate credit (and charge) cards to make sure they still deserve a spot in my wallet. Last month, the $595 annual fee posted on my American Express Business Platinum Charge Card. I have read a few recent blog posts about whether to keep or cancel the AMEX Platinum Card (from Frequent Miler and Your Mileage May Vary), so I wanted to share my view on this card.
First things first, I added my brother as an authorized user so he could access the Centurion Lounges, Escape Lounges, and Priority Pass Lounges (no more restaurants). He used the card a few times, but he decided that the $300 annual fee was not worth it to him. My statement closed on December 2, I called AMEX on December 2 or 3, and said I would like to downgrade my brother’s AMEX Business Platinum to a no annual fee AMEX Business Green (which comes with no perks, other than the $100 Global Entry credit). AMEX processed the downgrade request right away, but did not provide a full refund (I was charged $1.64 for those 2 days). Seems kind of petty to me, but let’s see if I decided to keep, cancel, or convert my AMEX Business Platinum.