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Delta Airlines has added a new way for flyers to redeem their SkyMiles. Now, SkyMiles members can “cash out” their miles for Delta gift cards.
Below are the miles needed to redeem for a gift card. Unfortunately, there’s only five different redemption levels, so you’ll need a certain number of miles to redeem.
|Gift Card Value||Miles Needed|
So, is this worth it? Definitely not. These redemptions value SkyMiles at a meager .7 cents apiece. TPG values them at 1.2 cents a pop.
Additionally, if you’re a Delta co-brand credit card holder, you can get at least 1 cent per mile in value when using Delta’s “Pay With Miles” program. When using “Pay With Miles” you have to redeem in increments of 5,000 miles apiece for $50 toward the cost of the ticket, but you’ll be able to earn MQMs for the flight — although not MQDs or redeemable miles. Granted, if you used a Delta gift card for a flight, you’d earn MQMs, MQDs and redeemable miles.
Note that these are physical gift cards, too, and you’ll have to pay cash if you want an e-gift card.
Unless you really want a gift card, it’s definitely a better deal to redeem your miles directly for flights or by using “Pay With Miles,” especially considering the trend of SkyMiles being worth more and more these days.
H/T: Laptop Travel
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- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
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