No, there is not a Chase Sapphire Preferred authorized user fee. You can add as many authorized users as you want to your Chase Sapphire Preferred account, and neither you nor your authorized users will have to pay any extra money. You’ll only be responsible for the one $95 annual fee that comes with the card ($0 the first year) – the same fee you’d pay if you had no authorized users.
This is another reason why Chase Sapphire Preferred is one of the best rewards credit cards around. Other high-end rewards cards do have authorized user annual fees. They’re usually a lot lower than the main accountholder’s annual fee and help offset the cost of the rewards an authorized user might earn. But still, it’s not ideal. For example, the Chase Sapphire Reserve Card has a $450 annual fee for the main accountholder and a $75 annual fee for each authorized user.
Chase Sapphire Preferred actually does things the other way around. They actually pay you for adding an authorized user. You’ll earn 5,000 bonus reward points when you add an authorized user and that person makes their first purchase within three months of account opening. That’s worth $62.50 in travel costs through Chase Ultimate Rewards, or $50 cash.
One downside to adding an authorized user is that you’re responsible for their purchases, but if they behave irresponsibly you can dispute the charges with Chase. In addition, authorized users take up some of your credit line, so keep an eye on your utilization. But in general, adding an authorized user to Chase Sapphire Preferred is a big plus.