The Delta Platinum Amex annual fee is $195. The fee is canceled out by the value of the Delta companion certificate you get every year when you renew, in theory at least. But in reality, the value of the companion certificate differs widely depending on what flight you use it for. You can also end up paying $75 in taxes and fees when you travel with a companion certificate. Plus, you won’t get your first companion ticket until you’ve paid your second annual fee.
But you need more context to decide whether the fee is worth it for you. In particular, you need to look at the card’s rewards, as well as the alternatives.
Another thing worth mentioning is that the initial bonus of 35,000 reward miles is worth about $350 in Delta airfare, which almost accounts for the annual fee for two years.
Here’s what you need to know about the Delta Platinum Amex annual fee:
- Platinum’s annual fee is in the middle of the Delta Amex pack: Gold ($95), Platinum ($195) and Reserve ($450).
- You get a companion certificate every year when you renew your Delta Platinum Amex membership. You can use it on round-trip Main Cabin domestic flights.
- Delta Platinum’s main selling point is that it allows you to earn MQMs while paying a lower fee than Reserve charges. MQMs are Medallion Qualifying Miles that go towards membership in Delta’s Medallion loyalty program. You can earn up to 25,000 MQMs your first year, after spending $50,000.
- Delta Platinum offers 2 reward miles per dollar on Delta purchases and 1 mile per dollar in all other categories. You also get perks like a Delta companion certificate every year when you renew your membership, free Sky Club access, and a free checked bag on Delta flights.
The Delta Platinum Amex annual fee is $195. That price could be worth it if you spend more than $50,000 a year, and fly Delta enough to get good use out of Medallion membership. Otherwise, you’re better off getting a travel card with a lower fee, like Barclay Arrival Plus or Capital One Venture.