Reader credit card question: What card should I get based on my 2020 priorities?

May 11, 2020

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Editor’s note: This article is part of a new weekly column to answer your credit card questions. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at 

Some people — including quite a few of us on the TPG team — are what I’d call “credit card hoarders.” We collect them like teenagers used to collect baseball cards. However, that strategy isn’t always the best option. It may work for some people to have 19 credit cards but others would rather limit their wallets to a few standout cards to use across all spending while earning points and miles to reach their travel goals.

I’m reaching out for advice to select a new credit card as our financial needs have changed. Our priorities for 2020 are as follows:

1) Optimal card for points/rewards tied to home remodel spending;
2) Optimize our Delta MQMs/status in light of my ability to personally pay and get reimbursed for all business travel;
3) Have a card for Costco usage, and
4) Limit of two total cards, ideally only one card with a high annual fee

Christian Q

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To be blunt, that’s a lot to ask of two cards. However, with so many different rewards credit cards on the market, there are options that fit most, if not all, of Christian’s wish list. We need to find a pair of top-notch credit cards that hits as many of Christian’s priorities as possible.

Christian provided additional details for his request, including estimates of his everyday spending, that “spending towards status is meaningful to us,” and that he switched his airline travel exclusively to Delta as a Los Angeles-based traveler. The revamped Delta Amex cards are a great place to start — especially since Amex’s welcome bonus extension means those who apply before May 31, 2020, will get an additional three months to earn any welcome bonus.

Delta Air Lines Airbus A330-300 landing at Athens International Airport AIA , LGAV / ATH Eleftherios Venizelos, with registration N806NW, a former Northwest Airlines Airplane. The aircraft has 2x PW4000 engines. Delta Airlines DAL DL connects seasonal Athens to New York JFK airport in the US. The airline has its headquarters in Atlanta, Georgia, USA. Delta is a member of SkyTeam airline alliance. Delta has the second largest fleet size with 918 airplanes. (Photo by Nicolas Economou/NurPhoto via Getty Images)
Delta’s revamped Amex cards provide a good opportunity for anyone who wants to earn Delta miles in 2020. (Photo by Nicolas Economou/NurPhoto via Getty Images)

Option 1: Delta SkyMiles® Reserve American Express Card

The Delta Reserve Amex is the airline’s top-tier personal credit card. The card is currently offering a welcome bonus of 40,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 on purchases in the first three months of account opening. It also offers 3x miles on eligible Delta purchases, but likely the most applicable to Christian is the built-in Status Boost.

As a Reserve cardholder, he can earn 15,000 MQMs for every $30,000 he spends within a calendar year (up to 60,000 MQMs per year). That combined with the Medallion Qualification Dollars (MQDs) waiver he’d earn after spending $25,000 in a calendar year, and he’s 5,000 MQMs short of Platinum Medallion elite status.

The spending thresholds to earn those MQMs are high ($120,000 in a calendar year to max out your MQM-earning potential), but with Christian’s anticipated large expenses for a home renovation, he can probably get there.

(Photo by Wyatt Smith/The Points Guy)
(Photo by Wyatt Smith/The Points Guy)


  • You have four opportunities to earn MQMs (five, if you include the current welcome bonus), so you could earn as many as 70,000 MQMs in 2020.
  • The card provides a host of Delta benefits, including lounge access to Delta Sky Clubs and Amex Centurion Lounges; two one-time guest passes to the Sky Club each year; an annual companion certificate (valid for round-trip domestic first class, Delta Comfort+ or main cabin); complimentary upgrades for non-Medallions, and more.
  • Amex recently added a temporary bonus category — you’ll earn 4x on U.S. supermarkets from May through July 2020.


  • The card comes with a high $550 annual fee (see rates and fees), though you definitely get more than $550 in value from this card every year — especially if you’re a high spender who flies Delta frequently (something to consider because Christian told us that he already has the Chase Sapphire Reserve with a high annual fee).
  • It’s not a great card for everyday spending. I’d certainly put the first $120,000 in spending on the card in 2020 to get Platinum Medallion Elite status as a new cardholder, but after that, there are other cards that are better for everyday expenses.

Related reading: Delta SkyMiles Reserve Amex card review

Option 2: Delta SkyMiles® Platinum American Express Card

If the $550 annual fee on the Reserve is too high to justify, Christian can opt for Delta’s mid-tier Delta SkyMiles Platinum Amex. This card has a decent welcome bonus offer of 40,000 bonus miles and 5,000 Medallion Qualification Miles (MQMs) after you spend $2,000 in purchases on your new Card in your first 3 months. Plus, earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months.

You don’t get the same level of perks as you do with the Reserve, but the annual fee is more manageable. It’s a good compromise if you want the opportunity to use credit card spending to help you earn elite status, but don’t want to pay the annual fee on the Reserve — and if Christian is already doing a significant amount of work travel on Delta, he may not need as many MQMs as the Reserve provides.

(Photo by Wyatt Smith/The Points Guy)
(Photo by Wyatt Smith/The Points Guy)


  • Unlike the Reserve, this card is good for everyday spending. Expanded bonus categories include earning 3x miles on Delta and hotel stays and 2x miles at restaurants and U.S. supermarkets. Although there are cards that offer higher returns on dining and groceries, this card does offer a way to earn bonus Delta miles on those expenses beyond a limited time period.
  • The Delta SkyMiles Platinum Amex comes with a much more manageable $250 annual fee (see rates and fees) compared to its older sibling, the Delta SkyMiles Reserve.
  • Like the Delta SkyMiles Reserve Amex, you’ll get 4x on U.S. supermarkets from May through July 2020 on this card.


  • With this card, you only get two opportunities to earn MQMs from spending — earn 10,000 MQMs after spending $25,000 up to two times annually (20,000 MQMs total). Given Christian’s renovation plans, this may be too limiting compared to the MQM earning potential on the Delta Reserve.
  • Additionally, the Delta SkyMiles Platinum Amex comes with fewer perks than the Reserve to make up for the lower annual fee. Cardholders do not receive complimentary lounge access, nor do they receive upgrade priority. And even though it comes with a companion certificate, it can only be applied to an economy fare.

Related reading: Delta SkyMiles Reserve vs. Delta SkyMiles Platinum

Option 3:The Business Platinum Card® from American Express

The final option is the Business Platinum Card from American Express. With the Amex Business Platinum, you’ll get 5x on flights and prepaid hotels on and 1.5x on all large purchases over $5,000 (up to 1 million additional points per calendar year). Plus, you’re getting a ton of great benefits with the card — even if you aren’t traveling much right now.

Amex recently added a number of benefits to this card to help customers make the most of it during the pandemic, including up to $320 in statement credits for wireless telephone services purchased directly from U.S. service providers and U.S. shipping purchases. Credits are limited to up to $20 per month for each from May 1, 2020, through Dec. 31, 2020.

You’ll also receive an additional up to $200 in Dell statement credits ($100 from May 1 through June 30, 2020, and $100 from July 1 through Dec. 31, 2020).

(Photo by Isabelle Raphael / The Points Guy)
(Photo by Isabelle Raphael/The Points Guy)



  • This card charges a high annual fee of $595 (see rates and fees).
  • This card does not offer MQMs through spending, so if earning Delta Elite status is important to you, the Amex Business Platinum will not help.
  • Like the Delta SkyMiles Reserve Amex, this card is not the best for everyday spending. You’re getting a great return (5x Membership Rewards points is a 10% return on spending) on airfare and prepaid hotel stays through Amex Travel, but that’s the only bonus category aside from the 1.5x on large purchases. It’s not the best card for spending on things like groceries, gas or dining.

The ultimate pairing

I could make a good argument for Christian to switch from the Chase Sapphire Reserve to any of the cards listed above and keep the Chase Freedom Unlimited as a card for everyday spending.

But if he isn’t opposed switching to two new cards, this is my recommendation:

Delta SkyMiles Reserve Amex + Capital One® Venture® Rewards Credit Card

The Delta Reserve is the best card option for anyone who wants to rack up Delta miles and use card spending to help reach Medallion Elite status. I suggest using the Delta Reserve for all future Delta flights and any renovation costs up to $120,000. This would trigger the welcome bonus (40,000 miles + 10,000 MQMs), all four Status Boost opportunities (another 60,000 MQMs) and the MQD waiver in the first year.

Then you have the Capital One Venture card, which earns 5x on hotels and rental cars booked with the card through Capital One Travel and 2x across all other purchases. This makes it a great companion credit card for everyday expenses. You can then redeem Venture Miles at a fixed rate (1 mile = 1 cent) as a statement credit for a wide range of travel purchases (and temporarily even some non-travel purchases) or transfer to one of Capital One’s airline or newly added hotel partners.

Although Delta is not a direct transfer partner, SkyTeam alliance members Aeroméxico, Air France, KLM and Alitalia are.

(Photo by The Points Guy)
(Photo by The Points Guy)

The Delta Reserve comes with a $550 annual fee, and the Capital One Venture comes with a $95 annual fee (which is unfortunately no longer waived the first year).

Based on the estimates he gave TPG, Christian expects to spend around $54,000 per year on everyday expenses ($4,000 per month on household expenses and $500 per month at Costco). With the Venture card, he gets at least 108,000 miles (assuming he doesn’t earn 5x on any expenses). At a minimum, that’s $1,080 in value per year, which far outweighs the cost of both annual fees.

Of course, once the renovation is finished, spending enough on the Delta Reserve to warrant its cost may not be feasible. In that case, he can always switch to the Delta Platinum after the first year. Then, he’ll only be paying a total of $345 per year in fees for a dynamic credit card duo.

Bottom line

These options hit most, if not all, of Christian’s priorities for 2020. He can work toward Delta status by maximizing his home renovation purchases, and he’ll enjoy an array of perks every time he flies. He’ll also have a credit card with a simple rewards structure for his everyday spending at Costco and for other purchases — and he’ll do it with only two cards.

With the Delta Amex cards now offering revamped benefits and limited-time bonuses on groceries, it is an excellent time for Delta flyers to apply for one of those cards. But if you want a more flexible premium credit card that will still help you earn Delta miles, Amex is the only U.S. issuer with Delta as a direct transfer partner.

When you want to limit your overall number of credit cards, it’s important to focus on having one card that will give you any perks, benefits or bonus categories you want. The second card should then be an everyday spending card that earns rewards on every purchase. Although most of us at TPG still subscribe to the notion that “more is merrier” when it comes to credit cards, there are many opportunities to pair two or three cards to create a powerful earning system for most needs.

Featured image by Rafa Elias/Getty Images.

For rates and fees of the Delta SkyMiles Platinum Card, please click here.
For rates and fees of the Delta SkyMiles Reserve Card, please click here.
For rates and fees of the Amex Business Platinum card, click here.

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
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Either $5 or 5% of the amount of each transfer, whichever is greater.
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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.

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