You cannot earn the Amex Delta Platinum 70k mile bonus because this was a temporary offer that expired. The current Amex Delta Platinum signup bonus is 50,000 miles which is earned after spending $2,000 in purchases during the first 3 months your account’s open.
It’s also worth noting the Amex Delta Platinum annual fee is $250, so the initial bonus miles, while a good deal, need to be put into perspective. You need a few more pieces of information to get the full picture and make an informed decision.
Here’s what you can get instead of the Amex Delta Platinum 70k mile bonus:
You get an initial bonus of 50,000 miles and 5,000 Medallion Qualification Miles for spending $2,000 and up to $100 statement credits for purchases at U.S restaurants in the first 3 months.
90,000 reward miles are worth about $900 in Delta airfare.
You currently need to earn at least 5,000 miles if you want to be able to redeem them towards a flight.
Spending $25,000 in any calendar year gets you 10,000 Medallion Qualifying Miles (MQMs), while spending $50,000 or more in the same year will get you an additional 10,000 MQMs. For the calendar year of 2021, those who reach these two spending thresholds will get an additional 2,500 MQMs for each threshold. Unlike regular bonus miles, MQMs can’t be used to cover flights. They go towards earning you Medallion status, a loyalty tier with perks such as free seat upgrades and extra miles per dollar.
You need 25,000 MQMs to qualify for the lowest, Silver Medallion Status level.
Medallion members get free upgrades when available, free checked bags, priority check-in and priority boarding, among other benefits.
The Amex Delta Platinum 70k mile bonus may no longer exist, but the 50,000 miles you now get is good deal, too. If you’re a frequent enough Delta flier that you want to commit to the airline, snagging an extra 30,000 MQMs isn’t a bad way to start.
You'd have to go back in time for this one! They nerfed the offer, which is really a standard tactic. I think Chase did that too a couple of times, so it's no special case. They offer a great sign up bonus, so many people sign up, but they take a loss for it. 70k bonus isn't exactly worthless, you know.
The Amex Platinum minimum payment is $35 or 1% of the card’s Pay Over Time balance (whichever is more). The Pay Over Time feature allows Amex Platinum cardholders to finance certain charges of $100 or more. For non-Pay Over Time purchases, there is no minimum payment. Amex Platinum is a charge card, which means the entire regular balance must be paid in full each month.… read full answer
American Express will charge a late fee of $29 the first time you fail to make at least your Amex Platinum minimum payment on your Pay Over Time balance by the due date. You’ll also be charged the fee if you do not pay off the entire regular balance on time. The fee goes up to $40 in either case if there’s another late payment in the following six billing periods. In addition, you may lose any reward points earned during the billing period.
No, the American Express Platinum card doesn’t have any preset credit limit. That does not give cardholders unlimited purchasing power. It means American Express won’t give you a specific credit limit once you’re approved for the card. Rather, they calculate your purchasing power based on how much you spend on the card as well as your income, any debt you carry, and your overall creditworthiness.… read full answer
While “no preset limit” can sound enticing, it can actually be quite dangerous. Credit utilization is a major factor in how your credit score is calculated. Essentially, “credit utilization” refers to how much of your credit limit you’re using each month. The less you use up, the better it is for your credit score. However, cards that have no preset limit make it extremely difficult to determine your credit utilization. They have the potential to hurt your credit score as a result.
You also have to consider things in even more practical terms. If you don’t know what your credit limit is, you won’t know when you’re approaching it. That could leave you in a tough spot in an emergency situation and make it difficult to buy high priced items with confidence. Thankfully, many cardholders have reported getting emails or calls from Amex early on, saying they were approaching their spending threshold and would need to make a payment before being allowed to make any more purchases.
The best thing to do when trying to figure out how much you can spend on your American Express Platinum card is to start small and gradually increase your spending over time. You will have to pay your balance in full every month, anyway, since the American Express Platinum card is a charge card. Many cards offering “no preset limit” are charge cards.
How much 40,000 miles are worth depends on the airline or credit card you earn them from and when you book your flight. On average, 40,000 miles are worth about $400. But it can vary widely. For example, 40,000 AAdvantage miles are worth roughly $456 in American Airlines airfare. With United, 40k miles get you $416 in flights. And 40k Delta miles are worth $532.… read full answer
Here’s how much 40,000 miles are worth by airline:
Credit card miles that aren’t tied to a particular airline typically get you a penny each. But how you redeem your miles is really important, too. For example, the Capital One Venture Card’s 50,000-mile initial bonus is worth $500 when used for travel but just $250 when redeemed for cash.
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