This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here.

Any time I hear that SkyMiles is in the news I brace for the worst. And for me, this is it. Following the industry trend to eliminate opportunities to earn miles through regular bank transactions, SunTrust has announced drastic changes to its Delta debit card. Effective July 25, 2015, the program will undergo major changes to the rewards structure for all current and future cardmembers, effectively eliminating any value in owning the card.

Given the different characteristics of the card’s earning structure, I’ve been a huge fan of this card for some time. It’s a fantastic option for paying your annual taxes without dealing with through-the-roof fees, but unfortunately that won’t be true for much longer. Let’s take a look at some of the imminent changes coming to the card:

Changes To The Delta SunTrust Debit Card

  • Annual fee of $95 (up from $75) — exceptions include Signature Advantage customers with less than $100,000 ($75 annually) and SunTrust Premier customers and Signature Advantage customers with $100,000+ ($25 annually).
  • Mileage earning cap of 2,000 miles per 30-day period (4,000 miles for Signature Advantage members).
  • Non-Signature Advantage customers will now earn 1 mile per $2 down from 1 mile per dollar.
Delta JFK
Unfortunately, the Delta SunTrust Debit Card will no longer be a great value.

My Thoughts 

What once was a lucrative, easy method for earning Delta SkyMiles is no more. As I predicted a little over a year ago, it was only a matter of time until this card was retired. Although the card was a great way to earn Delta SkyMiles, there are still other alternatives currently available to you if earning SkyMiles is a priority at the moment.

For example, you can continue to build your SkyMiles collection by applying for the Gold Delta SkyMiles® Credit Card from American Express, which currently offers a 30,000-point welcome bonus when you spend $1,000 in the first three months, but you of course won’t be able to cash in on those incredible debit card perks.

In the end, I’m sad to have to pull this once-lucrative card from my wallet, but I’m fortunate I had an opportunity to take full advantage while it lasted.

H/T: Doctor of Credit

 

Know before you go.

News and deals straight to your inbox every day.

Editorial Disclaimer: Opinions expressed here are the 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.