SunTrust Devaluing Delta Debit Card on July 25

May 12, 2015

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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


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