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TPG reader Jonathan tweeted me to ask:

@thepointsguy — “Would you advise redeeming Delta SkyMiles ASAP given the uncertainty/possibility of additional 2015 program changes/devaluations?”

Delta always keeps me on my toes. I feel like there are constantly new announcements coming from the SkyMiles program, and they’re almost always negative. I don’t see Delta miraculously turning it around and adding tons of value or new partners. I think the most recent change of pulling all award charts is just a way to pull the wool over the eyes of valued customers.

Use those SkyMiles sooner rather than later, but make sure you are getting good value out of them. Photo courtesy of Shutterstock.
Use SkyMiles sooner rather than later, but make sure you’re getting good value out of them. Photo courtesy of Shutterstock.

That being said, I don’t think SkyMiles are worthless. Even though I lowered SkyMiles in my most recent monthly valuations, I do like that Delta now has one-way awards. The lack of saver availability less than 21 days out seems to have been temporary (I tested several routes and it doesn’t seem dire). In general, I don’t think the sky is falling with Delta, but I advise using your miles sooner rather than later. If I was going to put money on a loyalty currency devaluing, I might go with Delta. (However, we’d never know if SkyMiles devalued, since Delta took down its award charts and won’t tell us how many miles are needed anyway!)

So yes, use your SkyMiles, but don’t needlessly redeem them for poor value (like a SkyMiles auction)instead, use miles on partner airlines. I particularly like redeeming SkyMiles for Virgin Atlantic flights, since availability is good, and Delta doesn’t charge for last-minute ticketing fees.

If you have any other questions, please tweet me @thepointsguy, message me on Facebook, or send me an email at info@thepointsguy.com.

The Platinum Card® from American Express

While this premium card has one of the highest annual fees on the market, it has several valuable perks that could make it worthwhile, depending on your travel patterns. These include a $200 annual airline rebate, lounge access, free Hilton Gold status and free Starwood Preferred Guest Gold status.

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More Things to Know
  • Earn 40,000 Membership Rewards® points after you use your new Card to make $3,000 in purchases in your first 3 months.
  • 5X points for flights booked directly with airlines or with American Express Travel.
  • $200 Airline Fee Credit, up to $200 a year for baggage fees and more at one airline. Terms Apply.
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  • No interest charges because you pay your balance in full each month.
  • Terms and Conditions apply.
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Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$450
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.