Why Get a Platinum Delta Amex Credit Card?
When it comes to credit cards that offer significant benefits, the Platinum Delta Amex Credit Card stands out as a prime choice for frequent flyers. Understanding the nuances of this card can help you decide if it's right for you. In this article, we'll explore the key benefits, especially focusing on MQM (Medallion Qualification Miles), and how they can enhance your travel experience.
Understanding MQM and Redeemable Miles
To fully grasp the value of the Platinum Delta Amex Credit Card, we need to first comprehend the concepts of MQM and redeemable miles. MQM, or Medallion Qualification Miles, are points earned through flying on Delta airlines or their partners, while redeemable miles are points that can be used directly for travel rewards. These miles are earned differently and have distinct benefits.
For example, when you fly on Delta or a Delta ticketed flight, you earn MQMs. Each level of Delta Medallion status (SkyGold, SkyBlue, etc.) has a multiplier effect, which means the more status you have, the more MQMs you earn. On the other hand, redeemable miles are typically earned based on the cost of your flight and often require a higher spending threshold.
Benefits of the Platinum Delta Amex Credit Card
The Platinum Delta Amex Credit Card offers a variety of benefits, including both MQMs and redeemable miles. Here are some key highlights:
Annual Fee and Benefits
The annual fee for the Platinum Delta Amex Credit Card is $195 for the first year, after which it increases to $595. Despite the fee, the benefits are substantial. Some notable benefits include:
Domestic Companion Economy Ticket: This allows you to take a companion on a free Delta flight for specific fare classes within the contiguous U.S. This can save you a significant amount, especially if you frequently travel with friends or family. Delta Annual Spend Waiver: For many travelers, earning Delta Medallion status is more important than earning redeemable miles. This waiver lets you earn up to Platinum Medallion status with just $25,000 in spending. For Diamond Medallion status, the spending requirement is higher at $250,000. MQM Bonuses: At spend tiers of $25,000, $50,000, and $75,000, you can earn 10,000 MQMs respectively. This is particularly useful for reaching Delta Medallion status without burning any actual miles on flights. Free Checked Bag: Enjoy one free checked bag per flight, which can be a huge perk for heavy packers. Pay with Miles: Use your earned miles to pay for Delta tickets, which can reduce the cost of your trips. Discounted Daily Delta Sky Club Lounge Access: Get access to the Delta Sky Club for a daily fee of $29 per person, compared to the typical $49.Comparison with Other Cards
While the Platinum Delta Amex Credit Card offers impressive benefits, it's important to compare it with other high-end airline credit cards. For instance, the Chase Sapphire Reserve offers a similar points-to-miles conversion rate but with more flexibility in redemption options. However, the Platinum Delta Amex Credit Card is more focused on reaching Medallion status, which can be particularly beneficial for frequent flyers.
Another option to consider is the Platinum Amex Charge Card, which has a significantly higher $550 annual fee. Despite this, it provides excellent value through travel credit, airport lounge access, and points per dollar spent on air travel.
Conclusion
The Platinum Delta Amex Credit Card is a valuable tool for frequent Delta flyers. Its focus on MQMs and the ease of reaching Delta Medallion status make it an attractive option. If you meet the criteria (high enough Delta flights and spending), the benefits far outweigh the cost. However, if you prefer greater flexibility in mile redemptions, alternatives like the Chase Sapphire Reserve might be more suitable.
Ultimately, your choice should depend on your travel habits and preferences. Whether you're looking to earn status or maximize travel rewards, the Platinum Delta Amex Credit Card is worth considering.