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Update: These offers for the Delta SkyMiles® Credit Cards are expired. Learn more about the current offer here.
Through July 5, 2017, American Express is offering the biggest ever sign-up bonuses on their co-brand Delta credit cards. These include the Gold Delta SkyMiles® Credit Card and Platinum Delta SkyMiles® Credit Card. Specifically, the details of the bonuses are as follows:
- The Gold Delta SkyMiles Card is offering 60,000 SkyMiles after spending $3,000 within four months, plus a $50 statement credit after you make a Delta purchase within the first four months; the card’s $95 annual fee is waived for the first year
- The Platinum Delta SkyMiles Card is offering 70,000 SkyMiles plus 10,000 Medallion Qualifying Miles after spending $4,000 within four months, plus a $100 statement credit after you make a Delta purchase within the first four months; the card has a $195 annual fee
While Delta SkyMiles aren’t my favorite mileage currency, these are really big bonuses that are worth taking advantage of, in my opinion. At a minimum, SkyMiles can be redeemed for a penny each towards the cost of a Delta ticket, meaning those 60,000-70,000 mile bonuses are worth a minimum of $600-700. However, you should be able to do much better than that by redeeming for premium cabin international tickets.
One other big aspect of the sign-up bonus that’s easily overlooked is the $50 statement credit with the Gold Delta SkyMiles Card, and the $100 statement credit with the Platinum Delta SkyMiles Card. These credits can be triggered as long as you make any Delta purchase within the first four months.
The great thing about this offer is that it doesn’t matter how big of a purchase you make. If you book a Delta award ticket and pay just a few dollars in taxes and put it on the card, you’d get the full $50-100 statement credit, depending on which card you have.
If you don’t have an immediate Delta purchase in mind, it’s a no brainer to purchase a Delta eGift card, which can be purchased for just $50. So buying a $50 Delta gift card would trigger a $50 statement credit on the Gold Delta SkyMiles Card, or a $100 statement credit on the Platinum Delta SkyMiles Card. That’s pretty awesome. These gift cards don’t expire, so you can always buy them now and surely will find a use for them eventually.
This statement credit should be factored in when valuing the overall sign-up bonuses. For many this credit will be good as cash, while for others it will be an opportunity to buy a $50 Delta gift card to use at a later time, or otherwise to pay the taxes on an award ticket. A $50-100 statement credit is pretty substantial, so you can potentially make money on this part of the sign-up bonus.
This is another reason to consider these cards.