Great Deals Today: My Delta Platinum Business Amex and Ink Bold Applications
Update: Some offers mentioned below are no longer available. View the current offers here.
I always say to check your mail – both electronic and paper – because some of the best credit card offers still come in that way, and the following limited-time offer I got for the Platinum Delta SkyMiles Business Credit Card from American Express is one of them. It comes with a sign-up offer of up to 55,000 bonus miles and 20,000 MQM’s for making $5,000 in purchases within 3 months. The offer expires July 7.
Because this is such a good sign-up offer and the MQM's will help me reattain Platinum Medallion status on Delta for next year (as well as giving me enough to qualify for Delta's elite Choice Benefits as well) I decided to do an impromptu mini-round of credit card applications and applied for this week's limited-time bonus on the Ink Plus from Chase, which is currently offering (until this Saturday!) 60,000 Ultimate Rewards points as a bonus when you spend $5,000 in 3 months.
Here is the application page for the Delta Platinum Business Amex – it was targeted to SkyBonus members, but there’s nothing on the application page that mentions having to be a recipient of the offer in order to apply, so you can try. Just screenshot the application page for proof of the offer in case there are any hiccups.
Just note, the welcome bonus is not available to applicants who have had this product or any other Delta SkyMiles Business Credit Card account within the last 12 months.
I got the personal version of this card last month and earned 40,000 bonus miles and 15,000 MQM’s for meeting the minimum spend on it, so when I get the business version as well and meet the spending requirements, I'll end up with a total of 95,000 bonus miles and 35,000 MQM's (and that's not counting if I hit the annual spend threshold bonus on MQM's). That's worth it to me because I'm not quite ready to double down and commit completely to American Airlines, and these MQM's will put me over my status qualification and still leave plenty above and beyond it for rollover into 2014 for a good head start on my 2015 Medallion qualification.
If you’re a Delta elite flyer who will need to meet the airline’s new spending requirements to requalify, this will put you well on your way to qualifying or requalifying for your tier or even a higher one thanks to all those spending-based MQM’s. The new airline elite status spending requirements are pegging the value of elite-qualifying miles at 10 cents apiece, so the 20,000 MQM's that this business card offer comes with is sort of equivalent to spending $2,000 on the airline (though it doesn't count toward meeting the elite qualification spending requirements).
While I do think the value of Delta miles is plummeting, you can still get some really great redemptions out of them like my recent award ticket on Delta and Alitalia in business class to Italy last month.
Adding The Ink Plus Into The Mix
As for the Ink Plus - although I recently did a round of applications in March and applied for the Delta Platinum personal card last month, I don't really operate by a quarterly credit card application schedule. My philosophy is to apply when bonuses are high. I'm not struggling to meet minimum spend on the cards I've applied for in the past, so I figured now is the time to take advantage of great Delta Platinum Business offer and Ink Plus.
I already have the Ink Plus and the Ink Bold (which is also offering a 60,000-point sign-up bonus this week), but I recently created a new business with its own EIN, so I decided to apply for the card under that, and because it's a separate business, I shouldn't have any issues. The reason I chose the Ink Plus instead of the Ink Bold is because it is a credit card rather than a charge card is that if I have to negotiate my credit lines among my Chase cards for approval, it will be easier to do so with the Ink Plus.
My application did go into pending status, but with the limited-time offers, Chase is overwhelmed with applications at the moment and I think it might be an automatic process until someone can review it. My gut is that it will get approved, so I'm just going to wait a few days and see what happens before calling up and asking about it.
I conservatively value those 60,000 Ultimate Rewards points at $1,200, so that was worth taking another 2-point hit on my credit score with the application.
Other Cards To Consider This Week
If you are looking for a big one-day Delta miles haul, you could consider applying for a personal card on the same day though it'll count as two hits on your credits. My suggestion would be to check Creditcards.com's Card Match tool that allows you to see if you have any special offers targeted towards you since they have an exclusive relationship with Amex.
Update: The Card Match tool is no longer loading the 45,000 mile offer for the Gold Delta SkyMiles card. The current offer is 30,000 miles after $1,000 in spend within the first 3 months plus a $50 statement credit after your first Delta purchase within 3 months.
For a couple months or so now, the site has been displaying an offer 45,000 SkyMiles for the Gold Delta SkyMiles Amex when you spend $5,000 in 6 months with the $95 annual fee waived the first year vs. 30,000 miles (for spending $500 in 3 months) on the public offer. No MQM's with this card, but good perks for those without elite status and 45,000 SkyMiles are worth roughly $675 to me - and the $95 annual fee is waived the first year.
You could also get in on either the Business Gold Rewards card (when you spend $5,000 in 3 months) or the Mercedes-Benz Platinum card (when you spend $3,000 in 3 months), both of which are offering sign-up bonuses of 50,000 Membership Rewards points.