New Delta credit card spending offers through 12/31/20

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Several of the Delta SkyMiles credit cards are offering new limited-time spending bonuses, including both extra miles at restaurants and on Delta purchases and extra MQMs with spend through the end of 2020.

The Deal

As of yesterday and through 12/31/20, the following cards are offering 4x miles at restaurants (includes takeout and delivery) and 5x miles on Delta purchases:

The following cards will earn 5x miles on Delta purchases and also earn 500 Bonus Miles and 500 MQMs after spending $1,000 in purchases on your enrolled Card (up to 25K Miles and 25K MQMs):

  • Delta SkyMiles® Platinum American Express

  • Delta SkyMiles® Platinum Business American Express

  • Delta SkyMiles® Reserve American Express

  • Delta SkyMiles® Reserve Business American Express

  • Purchases made from Additional Cards do not qualify for the bonus miles and MQMs offer

  • Enroll via Amex Offers in your online account
The offer to earn 5X miles per dollar on Delta purchases appears as “earn 2 additional miles per dollar spent on Delta purchases” because the Delta Platinum and Reserve cards earn 3X Delta standard.

Key Terms

  • Valid through 12/31/20
  • No limit on the number of miles customers can earn at restaurants or on Delta
  • You must have had an eligible card on 7/1/20 to be eligible for these offers (no product changing now to get them)

Quick Thoughts

The offer for dining purchases on Gold cards is quite good if you value Delta miles. Even if you were to use miles at a value of $0.01 toward airfare, that represents very good return on dining spend. If you value your miles closer to our Reasonable Redemption Value of 1.3c each, the return here is like 5.2% (at 4x) – that’s certainly not bad.

I suspect that many readers who value Delta elite status will be intrigued by the possibility of earning additional MQMs. If you have a Delta Platinum card and are starting from scratch, you normally get 10K MQMs for each $25K spend (up to two times per year), so $50K spend normally results in 20K MQMs.  Now you would get that same 20K MQMs plus a bonus 25K MQMs for a total of 45K MQMs with $50K spend (just short of Gold status).

The Delta Reserve cards normally get 15K MQMs on $30K spend (up to four times per year) so $60K spend would now get you 30K MQMs plus a bonus 25K MQMs = 55K MQMs.  That is more than enough for Gold status.

Keep in mind that Delta MQMs roll over as long as you have earned status.  For example, if you have a Delta Reserve card and spend $60K as shown above to get 55K MQMs, you’ll earn Gold status and 5K MQMs will roll over to next year.

If you already have your current elite status level extended as per COVID status extensions, I believe that all of these MQMs will roll over. That could potentially make it really easy to re-qualify next year.

Overall, these spending bonuses will likely appeal most to those who were already considering meeting them — though I imagine that those who would be considering them may already be in progress toward the normal spend levels, which will make the incremental value vary based on your situation.

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