An Analysis of the Platinum Delta SkyMiles credit card

I previously wrote an analysis of the Delta Reserve credit card.  In that post I pointed out that the Reserve card has an excellent rate of return for daily spend (about 3 cents per dollar) if you are a very big spender and can hit the $30K or $60K bonus levels.  That card also has a very steep annual fee ($450) which is offset by various perks.

If you don’t want to go all out with a $450 annual fee, another option is the Platinum Delta SkyMiles credit card which has a $195 annual fee.

What you get for the annual fee (just the highlights):

MQMs, bonus miles, and statement credit:

In the past, the signup offer has been for 5,000 MQMs (Delta Medallion Qualifying Miles) and 35,000 redeemable miles after you make $1000 in purchases within three months.  Additionally, you will receive a $100 statement credit after you make a Delta purchase with your card within your first 3 months.  If we conservatively value the bonus miles at 1 penny each and since I’ve argued that the fair trading price for MQMs is about 3 cents each (see How much should you pay for elite qualifying miles) this signup bonus is worth approximately $600

NOTE: the specific offers referenced here have expired. Check for new offers.

Since the annual fee is not waved the first year, this amounts to over $400 in first year value.  Note that if you are not seeking Delta elite status then the $5K MQM bonus will not have any value to you, and the total signup bonus value will reduce to $450 (or >$250 once you subtract out the annual fee).

Companion Certificate:

After the first year, when you renew the card, you will receive a a free companion certificate.  This will allow you to essentially buy two tickets to and from anywhere in the continental US for the price of one. Unlike the companion certificate that comes with the Delta Reserve card, this one only allows economy tickets, not first class.  Note that the companion does not earn miles or MQMs.  Also, there are some fare class restrictions to these certificates.   Personally, I value this benefit at about $150.  See also: Delta companion certificates quick guide.

Priority Boarding and Free Checked Bag

If you have elite status with Delta, these benefits won’t matter to you.  Otherwise, this is a pretty good perk.  Priority boarding will allow you to get on the plane and find overhead bin space for your carry-ons before the bins fill up.  The value of a free checked bag should be obvious.  If you don’t have elite status, I would estimate the value of this perk to be about $75 per year.

Total cost each year (including year 1): $195

Total estimated benefits first year:

  • $600 for elites
  • $675 for non-elites who will reach elite status
  • $525 for non-elites who will not reach elite status

NOTE: the specific offers referenced here have expired. Check for new offers.

Total estimated benefits ongoing years:

  • $150 for elites
  • $225 for non-elites

So, as you can see, the card pretty much pays for itself with its benefits as long as you make full use of them.  If you value the particular benefits listed above, you might want to seriously consider this card.

Benefits from Daily Spend

If you don’t spend a lot on this card, the return rate for using this card is not very good in my opinion.  You will earn one Delta SkyMile per dollar on most purchases, and two Delta SkyMiles per dollar on Delta purchases.  Compared to several other cards, this is pretty lame.  Where the card shines, though, is if you manage to put exactly $25K or $50K of spend on the card in a year:

Big Spend Benefits

Once you reach $25K in spend in a calendar year, you will be awarded with 10,000 bonus miles and 10,000 Medallion Qualifying Miles (MQMs) which will help you get to the next level of elite status at Delta.  The same benefits kick in again at $50K of spend.  So, if you manage to put exactly $25K or $50K of spending on your card each year, you will earn 1.4 SkyMiles and .4 MQMs per dollar spent.   Let’s estimate the value of redeemable SkyMiles at 1 cent each and MQMs at 3 cents each.  This means that you would earn 1 * 1.4 + 3 * .4 = 2.6 cents of value per dollar spent on the card.  This is a very good rate of return for non-category spend (some cards offer better rates of return for spend within categories such as gas stations, grocery stores, etc.).  The more highly you value redeemable miles and elite qualifying miles (MQMs), the more attractive this option is likely to be to you.

My take

If you are a frequent Delta flyer and you value annual companion passes, this card is a good one to keep in your wallet or in a drawer.  If you are also a big spender, this card is a strong contender.  The rate of return for big spend is not as good as the Delta Reserve, but it is close.  I’ve used both cards in the past few years to rack up Medallion Qualifying Miles to earn high level Delta elite status.  For details, see: Mileage running, from home.

Note: If you’re interested in signing up for this card, you can find the best current offers here.

About Greg The Frequent Miler

Greg is the owner, founder, and primary author of the Frequent Miler. He earns millions of points and miles each year, mostly without flying, and dedicates this blog to teaching others how to do the same.

More articles by Greg The Frequent Miler »

Leave a Reply

17 Comments on "An Analysis of the Platinum Delta SkyMiles credit card"

Notify of

As a Plat AMEX cardholder. I agree. Good card. On a side note, AMEX typically offers one very good signup bonus a year. I got in on a 40k skymile, 20k MQM bonus a couple of years ago.
2011 had a 40k Skymiles, 15k MQM offer (Sept-ish), so if you don’t need the card soon (ie for waived checked bag fees), I’d suggest waiting for a more valuable signup bonus.


Are there restrictions and blackout dates on use of the companion certificate? I ask because our Thanksgiving travel is always Wed-Sun to Salt Lake City, a Delta hub, and is always expensive.


Steve: Thanks, good addition.

Christian: There are no blackout dates, but the certificate says that seats are limited in L, U, T class of service (these are the cheapest tickets). I’ve never run into any problem redeeming a certificate, though. I think that using them during expensive holiday travel is the perfect use for them. Here are the terms listed:

Companion certificate is valid for one round-trip Coach-Class companion ticket with the purchase of certain adult round-trip fares on published routings within the 48 contiguous United States. Residents of Hawaii and Alaska must originate from there to the 48 contiguous United States.
Seats are limited in L, U, T class of service. All fare rules, restrictions, advance purchase requirements, and availability are per rule of Primary Ticket fare purchased.

Kathy K

I initally got the card a few years ago for the MQM’s. In the years following, I either wasted the companion ticket as I missed the deadline date, or prices were so expensive that even with a companion fare, the trip was not really “worth it.” In those years, when I was able to cash in on a companion ticket, I found that I was fronting the bill for travel for my boyfriend and I. I realized I wasn’t getting much out of the card and canceled it. I would consider getting it again if I needed the MQMs….


No problem. I also have had good experiences with companion tickets. Using this years for Atl-Dfw on memorial weekend(fri to sun). I’ve heard complaints about it, but if you’re a delta person. It’s pretty nice if you have someone to fly with.


[…] are two Delta branded credit cards that reward you with MQMs for meeting high spend thresholds: The Platinum Delta SkyMiles card, and the Delta Reserve card.  With the Platinum card, you get 10,000 MQMs after $25K in spend […]


[…] each year, this card can easily pay for itself (although I would then recommend you move up to the Platinum Delta SkyMiles card).  This is also a good card for people who fly Delta regularly, but not enough to earn elite […]


[…] Details here: An Analysis of the Platinum Delta SkyMiles credit card […]

james robinson

Companion certificates sound excellent for most but for us living in Hawaii (I get a companion certificate each year which I paste to my outhouse wall), the companion ticket is worthless.

I asked American Express to give Hawaii residents some other award but have heard nothing.

james in Hawaii


So…I just booked four tickets to nyc out of la; however, because I wanted to use a companion ticket, I was forced to book in two reservations: one for myself and my companion daughter and another reservation for my husband and daughter 2. Well, I thus don’t know how this is going to work with regards to free first bag–does that apply to all of us? Or do I now have to pay (because of the two separate bookings they required) for baggage fees?

Same question for using the lounge.



[…] Platinum Delta SkyMiles® Credit Card ($195 annual fee) […]


[…] Read more about this card here: An Analysis of the Platinum Delta SkyMiles credit card. […]


[…] previously reviewed the Reserve card here, and the Platinum card here.  Both, in my opinion, are excellent cards for regular Delta flyers who can make use of the perks […]


[…] Delta SkyMiles® Credit Card ($195 annual fee).  Read my review here. Update: This offer has […]


[…] are two Delta branded credit cards that reward you with MQMs for meeting high spend thresholds: The Platinum Delta SkyMiles card, and the Delta Reserve card.  With the Platinum card, you get 10,000 MQMs after $25K in spend […]