American Express Platinum Delta SkyMiles Credit Card Historic High 70k Signup Bonus (Expires 4/11/2018)

The Amex Platinum Delta card currently has a historic high offer of 70k bonus points. The offer ends on March 28, 2018.

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Amex Platinum Delta SkyMiles / Amex Platinum Delta Business SkyMiles Offer

  • Annual fee: $195, not waived
  • Signup bonus: 70k Delta Miles + 10k MQM's + $100 statement credit
  • Minimum spend = $3,000 in first 3 months
  • Earn 2x on Delta purchases
  • Earn 1x on everything else
  • First checked bag free
  • Zone 1 Priority boarding
  • No foreign transaction fees

You also receive an annual companion certificate each year upon renewal of your card.

Valuing Platinum Delta Bonus

Even though the $195 annual fee is not waived the first year, you're still getting positive expected value in the first year. 

  • Bonus = 70k after $3,000 min spend
  • Value = 70k * 1.2 cents per point = $840 in value
  • Return on spend = $840 / $3,000 = 28%

When you factor in the annual fee:

  • Net Return on spend = ($840 - $195) / $3,000 = 21.5%

The $100 statement credit is valid on Delta purchases during the first three months of account opening only. Some data points have suggested that you can buy $50 Delta gift cards. 

Companion Certificate

Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. 

You are still responsible for taxes and fees up to $75 for roundtrip flights. Baggage charges still apply.

Delta Airline Silver Status

For Silver status (the lowest tier), you need: 

(a) fly 25k miles OR 30 segments

AND 

(b) Spend $3,000 on Delta flights OR spend $25,000 on Delta card

The alternative method to get Silver status is to use Miles Boost.

MQM Waiver = spend $x on Amex Delta card

With Miles Boost, you can earn 10,000 bonus miles and 10,00 MQMs after you spend $25,000 or more in eligible purchases on the card in a calendar year.

You'll need to spend $25,000 for Silver, Gold, or Platinum, and $250,000 for Diamond status.

I don't think getting status is worth it for most people since having the Amex Platinum Delta card will give you a handful of the benefits. 

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