A Different Twist on the Current Delta Promos and AA 75K CC Offer Ends Today

A Different Twist on the Current Delta Promos and AA 75K CC Offer Ends Today: "This play requires owning or applying for two credit cards. The results are quite profitable. The cards involved are:



1. The Amex Delta Gold Card, Delta Reserve Card or Delta Platinum card. Your Choice. The Gold card is free for the first year.



2. The Platinum Card from American Express.



Here is why you need two cards: If you own one of the Delta co-branded cards, you can redeem Delta miles for Amex gift cards, which, to me is the same as cash. The redemption rate is stupendously better if you have a co-branded card. Transferring Delta miles to Amex cards costs 36,000 Delta miles per $100 gift card, without owning the co-branded card. The transfer rate is 11,000 miles per $100 Amex gift card IF you have a co-branded Delta card.



Let's play this one out.



1. Apply for the Delta Gold card and receive 20,000 miles on your first purchase and 5,000 more miles with two authorized users. NO First Year Fee.



2. Register for the Delta getmore miles promo for a 50% bonus when transferring in Membership Rewards points as a first-time transferer.



3. Apply for the Platinum Card from American Express for 50,000 MR points on a $1000 spend and $450 annual fee.



4. Spend $1000 on the Platinum card and transfer the 51,000 points into Delta miles for a total of 76,500 Delta miles with the 50% bonus. Add to that the 25,000 DL miles you got from the Gold card and you now have 101,500 Delta miles.



5. With that 101,500 DL miles, use 99,000 miles to buy nine $100 gift cards from the Skymiles Marketplace. The redemption rate will change when you log in. Somehow they know you have a co-branded Delta card. It should look like this if you are logged in.

The results are $900 in gift cards, which recoups your $450 annual fee on the Platinum card. Your profit is:



1. $450 in gift cards remaining.

2. You also have lounge access for one full year. (from the Plat card)

3. $200 of incidental credit on your favorite airline (from the Plat card).

4. 25,000 MQM on Delta for the transfer on the Delta get-more promo (Silver status until Feb 2013).

5. And the leftover 2500 Delta miles you didn't need in the transfer scheme.



Remember: You must have a Delta/Amex co-branded card to get the 11,000 mile gift card price.



You must be making your transfer from Amex MR to Delta as your first transfer and the promo ends May 31st.



Somebody with a co-branded Delta card: Please comment on the redemption rate you see at the Skymiles Marketplace. Have fun with this one.



Here are the Two Suggested Cards

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