Last Call For Delta AmEx Increased Sign-Up Bonus

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Update: These offers for the Gold Delta SkyMiles® Credit Card from American Express and Gold Delta SkyMiles® Business Credit Card from American Express are expired. Learn more about the current offer here.

UPDATE: This limited-time offer is expired. You can find the best current offers here.

As I first wrote about in in early June, American Express is offering some really nice increased sign-up bonuses on their co-branded Delta credit card. It’s worth noting that these limited time offers are only available through Tuesday, June 30, 2015. So this is your last chance to apply under the current offers.

These bonuses are in the 50,000-60,000 mile range, which is pretty darn good:

How much are the Delta AmEx sign-up bonuses worth?

For reasons I explained in a recent post, I conservatively value Delta SkyMiles at ~1.3 cents each. If you’re redeeming them for international premium cabin award tickets on partner airlines, you can get a lot more value out of them than that.

With that in mind, with a valuation of 1.3 cents per mile, here’s how much these sign-up bonuses are worth:

Gold Delta SkyMiles® Credit Card from American Express

  • 50,000 SkyMiles after making $2,000 in purchases within three months
  • $50 statement credit after making Delta purchase within three months
  • $95 annual fee, waived the first year

To me that’s $650 worth of miles with the first year’s annual fee waived, plus a $50 statement credit after a Delta purchase within three months.

That makes the sign-up bonus worth $650-700 to me, depending on whether or not you receive the statement credit.

Gold Delta SkyMiles® Business Credit Card from American Express

  • 50,000 SkyMiles after making $2,000 in purchases within three months
  • $50 statement credit after making Delta purchase within three months
  • $95 annual fee, waived the first year

To me that’s $650 worth of miles with the first year’s annual fee waived, plus a $50 statement credit after a Delta purchase within three months.

That makes the sign-up bonus worth $650-700 to me, depending on whether or not you receive the statement credit.

Platinum Delta SkyMiles® Credit Card from American Express

  • 60,000 SkyMiles after making $2,000 in purchases within three months
  • 10,000 Medallion Qualifying Miles
  • $100 statement credit after making Delta purchase within three months
  • $195 annual fee

To me that’s $780 worth of miles with the first year’s annual fee of $195, plus a $100 statement credit after a Delta purchase within three months. That makes the sign-up bonus worth $585-685 to me, depending on whether or not you receive the statement credit. Furthermore, if you value Medallion Qualifying Miles towards SkyMiles status, the bonus is worth considerably more than that.

Anecdotally many have reported success purchasing Delta gift cards with the statement credit, meaning you could apply that towards a Delta ticket at a future point. That means almost anyone should be able to get value out of the statement credit as well.

KLM-Crowne-Lounge-Amsterdam-52

Why you should apply for a Delta AmEx

In a recent post I explained why you should still want SkyMiles. So I don’t want to repeat all that, other than to say:

  • Now that Delta allows one-way awards for half the cost of a roundtrip, having smaller balances of SkyMiles are more useful than ever
  • While SkyMiles aren’t all that valuable for travel on Delta metal, there are some amazing premium cabin partner airline redemptions, including for travel on Virgin Atlantic, Virgin Australia, Alitalia, KLM, Korean Air, China Eastern, China Southern, China Airlines, etc.
  • Lately American Express hasn’t been offering huge publicly available sign-up bonuses, so this is one of the best bonuses we’ve seen from them in a while, in my opinion

Virgin-Atlantic-Upper-Class

Bottom line

The bonuses on all three of these cards are great. Perhaps the “simplest” offer here is for the Gold Delta SkyMiles® Credit Card from American Express. Getting 50,000 miles after minimum spend plus a $50 statement credit on a card with the first year’s annual fee waived and a fairly low minimum spend is a great offer, in my opinion.

So if you’ve been holding off on applying, now’s the time to do it, since the offer expires tomorrow.

Links:

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Comments

  1. Lucky,

    Does AMEX Centurion lounge access come with the Delta Platinum card?

    And was is the usual bonus offer?

    I already have the two gold cards… trying to figure out if it’s time for Platinum or if I should go with Citi Prestige next.

    Thanks,

    Matt

  2. @Matt–The Delta Platinum doesn’t include lounge access. You need one of the “real’ Platinums for that.

  3. Tried to apply for 2 cards (one personal and one business) today, 1st one got approved and 2nd one is on hold. I was told by rep 2nd card will be processed a few days later for fraud prevention and may not be able to get the promotion since it’ll be after 6/30. Shouldn’t it be based on application date instead of process date?

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