67% Bonus (40% Rebate) on American Express Membership Rewards Transfers to Delta

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WOW! 50% plus MQMs was pretty good, but those offers have been limited to first time transferees, so the rest of us were stuck with measly 40% bonuses.

Today Amex/Delta announced an interesting 40% rebate (registration required). For every 50,000 Amex points you transfer to Delta, you get 20,000 back.

40% back = 67% bonus

So in essence 100,000 Delta miles = 60,000 Amex points (100,000 – 40,000 in rebates), the trick is that you need to have the increment of 50k in Amex points and pay the excise fee ($60 per 100k transferred, though currently not being charged due to US government budget meltdown). So you get 40,000 extra Skymiles for transferring 60,000 Amex points (after rebate) – basically a 67% bonus when all is said and done.

Under the 40% promotion, you were looking at 100,000 Delta miles = 72,000 Amex points.

In the end, this is a better deal, though I would still rank the 50% bonus and 25,000 MQMs as a better deal (if you are eligible for it). The rebate certificates won’t be sent until 6-8 weeks after the transfer (though it says registration, I think that’s wrong), so you should still weigh this transfer option versus the 50% British Airways bonus that expires August 1, 2011. I wrote a comparison piece on BA vs. Delta here.

If you don’t have any American Express Membership Rewards points, the Platinum Card currently has a 25,000 point bonus ($450 annual fee, but lots of benefits as I listed here), and it may be possible to bump that to 100,000 per the comments on this post. If you’ve been an Amex customer in the past, you should be allowed to advance yourself up to 60,000 points as a Platinum cardholder, free of charge (you just need to earn them back within the next year). Check out this post on maximizing Delta awards – it may take a little effort, but amazing Delta awards can be had at reasonable prices – especially when you factor in these transfer bonuses/rebates!

Promo details:

TRANSFER MEMBERSHIP REWARDS POINTS TO MILES AND GET UP TO 40% POINTS BACK.

Congratulations, you have successfully registered. For every 50,000
Membership Rewards® points you transfer through September 30, 2011, you’ll
be rewarded with a certificate for 20,000 Membership Rewards points–that’s
a 40% bonus back to you.

Bonuses earned with this promotion will be fulfilled in the form of an electronic bonus certificate and will be sent to qualified members by email 6-8 weeks after registration. Be sure you update your profile at delta.com/profile so we have your correct email address on file.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), up to a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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