May 26, 2017 in Credit Cards

Sign-up bonuses take off for 2 Delta credit cards

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Two Delta AmEx cards are offering mile-high sign-up offers just in time for summer travel.

American Express’ Platinum Delta SkyMiles and Gold Delta SkyMiles cards boast their biggest-ever bonuses to anyone who is approved for a new card.

But you have to act fast as these deals will disappear on July 5, 2017.

The Platinum Delta SkyMiles card awards cardholders 70,000 miles and 10,000 Medallion Qualification Miles (which can help you earn Delta Medallion status and the upscale perks that come with it) after spending $4,000 on the card in the first four months of opening the account. Make a Delta purchase during that time using your card and you’ll receive a $100 statement credit.

There are a number of upscale credit cards that offer big sign-up bonuses, so you should compare this offer with other popular airline and travel cards before you apply.

How to spend those points

What can you do with 70,000 Delta Miles? Miles can be redeemed for tickets starting at 10,000 miles for a one-way ticket, seat upgrades or shopping at Delta’s online marketplace. Here are some examples of how far the bonus miles will go:

For Delta devotees who don’t already have a co-branded airline card, consider that the Platinum Delta’s $195 annual fee is offset the first year by the $100 statement credit, and an annual companion certificate (your fellow traveler just has to pay for taxes and fuel surcharges) will likely add serious savings to your travel budget.

This card has a variable APR of 16.74 to 25.74 percent.

About Delta Medallion

The bonus Medallion Qualification Miles gets you less than halfway to the 25,000 minimum in order to gain Medallion status. If you’re a heavy traveler and you can qualify, Medallion perks allow you to receive free seat upgrades, along with hotel and rental car bonuses.

Gold card an option for some

Less-frequent fliers may want to instead think about the perks and benefits that come with the Gold Delta SkyMiles card, which has a still-respectable 60,000-mile sign-up offer after you spend at least $3,000 within the first four months of opening the account. In addition, you can earn a $50 statement credit if you make a Delta purchase with the card during the first four months. Compare this card with other American Express offers.

It has a $95 annual fee, but that’s waived the first year. There’s no bonus miles towards medallion qualification.

This card has a variable APR of 16.74 to 25.74 percent.

Standard rewards offered

Both cards offer priority boarding and a free first checked bag for you and up to eight travelers on your reservation (yes, we said eight!) and gives two Delta miles for every $1 spent on Delta purchases, and one mile per $1 on all other spending.

The spending rewards aren’t on par with premium credit cards like the Chase Sapphire Reserve or the American Express Platinum, but those cards carry significantly higher annual fees.

The Delta cards are more in line with what other popular rewards credit cards offer.

Also, remember that these sign-up bonuses are only a good deal if you plan on paying your bill in full at the end of every month (and you always should.) Otherwise, the interest charges will outweigh the value of the rewards.

And, if you’ve previously had one of these cards, even if you’ve closed the account years ago, you won’t qualify for the sign-up bonus.

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