Gold Delta SkyMiles Credit Card Review
If you are already a frequent user of Delta airlines, then you will get the benefit of the Gold Delta SkyMiles credit card. If you are already planning to use Delta airlines frequently/semi-frequently in the future, then having a Gold Delta SkyMiles credit card will save you money. On the other hand, if you are looking for a credit card to help you build miles so that you may enjoy the occasional free trip, then this is not the card for you because you need to be a frequent Delta user, (more than once per year) to at least break even on the cost of the $95 per year annual fee.
Earn 35,000 Bonus Miles And A $50 Statement Credit
Get a new card and spend $1000 on purchases in the first three months to get your 35,000 bonus miles. You also get a $50 statement credit after you make a Delta purchase with your new card within your first 3 months.
Any abuse, misuse, or gaming with your card and/or your welcome offer, and your account will be closed and you will no longer be eligible for the reward points. To get your bonus miles and statement credit, your account needs to be in good order, such as having no past-due payments, not being canceled, and things of that nature.
What Is A $50 Statement Credit? And How To Get It
Most credit cards say you need to spend a certain amount in order to get your bonus points, but the Gold Delta SkyMiles credit card also issues you with a $50 credit on your statement if you make a Delta purchase within the first 3 months of having your card.
Do you have to spend money with Delta and spend $1000 in the first 3 months to qualify for the bonuses? No, we were told that the Delta-$50-credit offer and the 35,000 points offers are separate. For example, if you spend $1000, but you do not make a Delta purchase, you will still get your 35,000 points, but you will not get your $50 statement credit.
You may make your Delta purchase with your main card or with additional cards that you added to your Gold Delta SkyMiles credit card account. Make the purchase through Delta. If you make the purchase through another merchant, then it may be marked with a merchant code, which means American Express (AMEX) will not recognize it as a Delta purchase.
Your credit appears on your statement up to 12 weeks after you make your Delta purchase. Anything you spend on Delta fees, charges, interest chances, cash advances, purchases of travelers checks, and balance transfers will not count as eligible Delta purchases.
How To Get The 35,000 Bonus Miles
To qualify for the 35,000 bonus miles, you must make eligible purchases with your Gold Delta SkyMilesCredit Card that total $1,000 or more, and you must make these purchases within the first 3 months. It takes up to eight weeks for the points to be credited to your rewards account.
You may make purchases on your main card, and on any additional cards that you add to your account. To qualify, the purchases must be marked as purchases, which means things such as balance transfers do not count, nor do any sort of cash advances. The terms and conditions spend a full paragraph telling you to make your purchases as early as possible because some cards arrive late and ergo have shorter promotional periods, etc.
Their Benefits And Terms Are Fairly Laid Out
I mention terms and conditions being laid out because I reviewed the Platinum Card from American Express, and they had scattered terms and conditions all over the place in a way that made them difficult to follow. Yet, the Gold Delta SkyMiles credit card has its own pages full of terms and conditions on all the benefits the card has to offer, which means you do not have to wait for them to send you their terms PDF files in order to see what is what.
Gold Delta SkyMiles Credit Card Review – Vital Statistics
There is an annual fee of $95 per year. You go the first year for free. When you are flying on a Delta trip, your card may help get your first bag checked for free. Delta has a whole page dedicated to explaining their first bag checked free perk on this linked page.
The APR rates range from between 17.99% and 26.99% depending on your creditworthiness. The same rate applies for balance transfers if they are requested within 60 days of your opening your account. However, your APR rate may climb as high as 29.99%.
There is a penalty APR, but it does not last forever. If you make a late payment, or if your payment is returned by your bank, then a penalty APR is applied. This means that you will have to pay 29.99% for whatever debt you have on your card. However, your APR returns to normal if you keep your account in good order for six months. This is pretty good because some credit cards will keep your APR at 29.99% no matter what, and some will keep your APR at the high rate forever until you have fully repaid every penny on your balance.
The standard rate for cash advances is 27.49%, but that amount may rise to 29.99% APR. Cash advances and balance transfers cost a minimum of $5 each. The fee for balance transfers and cash advances is 3% per transaction.
There are no foreign transaction fees, but they will charge you 3% more than the market rate for your transactions. If you want to get a market rate, then use companies such as Transferwise and CurrencyFair.
Late payments and returned payments will cost you up to $38, which is the amount you pay for each instance. You are unable to go over your limit, so there are no over-limit charges.
Earning Delta Sky Miles
Make regular purchases and you get one mile per dollar. You may spend those air miles with Delta for the best deals, and with over 30 other airplane partners. There is no limit on how many points you may earn. A purchase must be marked as a purchase via its code. For example, gambling is considered to be a cash advance, so even if you are “Buying” gambling chips, it will not be marked as a purchase on your credit card.
Miles must be redeemed in 5000 mile increments. That means you need to have spent $5000 on your credit card since you last redeemed your miles. For some people, this will take a few months, and for others, it will take a few years. Five thousand miles will generally provide you with $50 of value.
If you make a purchase using your Gold Delta SkyMiles credit card with Delta, then you get two points/miles per dollar spent. That includes purchases on Delta.com, Sky Club® membership or passes, Delta Vacation packages, a seat upgrade, and/or most in-flight purchases like food, beverages, and audio headsets.
First Checked Bag Free And Priority Boarding
If you have a Gold Delta SkyMiles Credit Card, then you may have your first bag checked for free on Delta flights, and you may enjoy priority boarding if you have this credit card. You will have to find out how exactly it is done during the boarding process because I didn’t find it as easy as I thought. I found details of the first bag checked free perk on this linked page, which I find helpful.
As for the priority boarding, I got main cabin 1 priority boarding on Delta flights, and I had to make sure my reservation included my Basic Card Member’s SkyMiles number. This perk does not apply to any additional card holders. This Delta Airlines page Delta Airlines page may help you understand how this perk works because it is not as simple as the main credit card website makes it seem, (just scroll down to the bit about the “Gold” Delta card).
Discounted Delta Sky Club Access
If you want to join the Delta Sky Club, then it will cost you $845 per year. If you fancy a one-time visit and you have a Gold card (this one) or a platinum Delta card, then you may pay $29 per person per entry. It gives you snacks, beverages, Wi-Fi access, newspapers, magazines, satellite TV access, personalized flight assistance and private rest rooms. This is a per-visit rate that also applies to two of your guests (you will have to pay $29 for each of those too). Children under the age of two years old may accompany you for free, which doesn’t make a lot of sense because the age limit for people getting access to the Delta Sky Club is 18, and is age 21 for access to the self-service bar.
20% Discounts During Flights
Buy things on your flight such as audio headsets, food and drink, and 20% of what you spend will be reimbursed to your credit card as a statement credit. This includes pre-purchased meals and alcohol. If you buy in-flight wireless Internet, then that doesn’t count, and neither do charitable contributions. Obviously, to qualify for the statement credits, you actually need to pay for the food, drink or headsets with your credit card, and your statement credit will appear up to eight weeks after your purchase.
Car Rental Loss and Damage Insurance
To qualify for this, you need to reserve a car with your credit card and pay the full rental amount with your Gold Delta SkyMiles Credit Card, and you need to turn down/decline the collision waiver. You are now covered if the car is stolen or damaged. The Gold Delta SkyMiles Credit Card doesn’t give you liability insurance, there are certain types of vehicle that are not covered, and it doesn’t count for vehicles you rent in New Zealand, Italy or Australia.
Global Assist Hotline
If you are over 100 miles away from your home, then you may access the 24/7 hotline that gives you legal, medical, or financial advice, emergency coordination and assistance services. It puts you in touch with the right people if you lose your passport, become injured, lose your luggage, etc. The hotline gives a small amount of advice, but its main job is to put you in touch with third-party companies that are more likely to help you, but who will also charge a fee for their services.
Conclusion – Only Worth It For Frequent Delta Airlines User
I probably goes without saying that people who rarely use Delta airlines will have a hard time getting any use out of this card. That is especially true after the $0 introductory offer is over and people start paying $95 per year for their card.
The question is, do you get more than $95 worth of value each year if you use the card frequently? The answer is…maybe. Building points by using your card for day-to-day purchases is going to help you generate miles, but those miles/points are not worth a bundle. However, if you use this card on a day-to-day basis, and you use it to book flights through Delta and buy food/drink/headsets while on Delta flights, then you will probably get your money’s worth.
If you are already going to use Delta once or more per year, and you are spending $2600 or more on your credit card each month, and if you are paying for your Delta trip with your Gold Delta SkyMiles Credit Card, then you are going to get your money’s worth. If you are a keen wealth builder (as we hope you are), then maybe use the first year to see how many points you accumulate, see how valuable they are, and see how many savings you make. If your savings and perks total more than the $95 annual fee, then maybe keep the card, otherwise cancel it before you have to start paying for it. To help you get started, our research showed that Delta miles may be redeemed for up to 3.2 cents per mile.