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Gold Delta SkyMiles® Credit Card

• Special offer: 15000 bonus miles with your first purchase¹
• 2,500 bonus miles for adding an additional cardmember²
• No annual fee for the first year
• Always Double Miles^® on eligible everyday purchases and all Delta purchases
• One mile for every other eligible dollar spent

Just The Facts –

Issuer :  American Express

APR :   A 9.99% variable rate is available on balance transfers.

Annual Fee : The first year is free and then there is an annual charge of $85.00. However if you already own another type of American express card then the charge is only $30 per card per year.

Credit Line Possible : The Gold Delta Skymiles Credit Card has no pre-set spending limit. The credit line is approved based on credit record, account history, and personal resources. It is not a charge card and the balance must be paid in full each month.

Insurance included :  The card offers auto rental insurance, a purchase protection plan, extended warranty, return protection, identity theft protection and up to $100,000 in travel accident insurance.

Financing Configuration – Interest is calculated on your average daily balance (including the date that a purchase was made).

Grace Period – You have twenty days after making a purchase during which you do not have to pay interest.

The Best Thing About It — Gold Delta Skymiles Credit Card has a generous rewards program that bestows you with 15,000 bonus miles once you make a purchase and another 2,500 bonus miles for adding another card member.

The Worst Thing About It – This card has a high annual fee for card holders and a high balance transfer fee.

Credit Rating Needed For Acceptance :  Good Credit.

Who Is It For?

The Delta SkyMiles® Gold Credit Card, issued by American Express®, is designed for those who frequently travel using Delta Airlines and who would like to take advantage of a generous bonus miles program.

 

The Benefits

 

You get a 15,000 bonus miles once you are accepted for the card. Redeem points for rewards from over 50 of the finest names in shopping and entertainment, including Banana Republic, Saks Fifth Avenue, DellTM Computer, Callaway Golf, and The Sharper Image.

You get an additional 2,500 bonus miles if you get a second Gold Delta Skymiles Credit Card. Duplicate cards also earn points towards flights.

Your Gold Delta Skymiles Credit Card bonus points never expire. Your points have no cap and they are good to use until you are ready to go.

You can transfer your Gold Delta Skymiles Credit Card points to many different frequent flier programs. Transfer points into 11 frequent flyer programs—1 point for 1 airline mile with most programs.

Track all of your expenses on one statement.  Online access to this statement to your account is also provided so you can stay on budget.

You manage your account online. Gold Delta Skymiles Credit Card comes with an online account that provides the convenience of paying your credit card bill on the Internet.

You can print out a Year End Summary. You have access to important information 24 hours a day, seven days a week. All you have to do is download the Summary and print it out; sort by date, merchant name, or charge amount; review charges made within a category, such as Travel and Restaurant and figuring out deductions for the tax man is that much easier!  You may also receive a paper Year End Summary in the mail by calling the number on the back of your Gold Delta Skymiles Credit Card.

Monitor your expenses.  You are also able to monitor what goes on in your account with full access to an online account report.

You have a Return Protection Plan. If you try to return a designated item within 90 days from the date of purchase and the merchant won’t take it back, American Express will refund the full purchase price, up to $300 per item.

You have extra protection from theft or loss of your card while traveling.  American Express provides quick emergency cash and emergency card replacement should your card be stolen.

You have a great deal of travel insurance. This card offers $100,000 in travel insurance.

The card comes with a Global Assist Hotline. Whenever you travel more than 100 miles from home, you have security and peace of mind 24/7 with medical, legal, financial or other emergency assistance, including medical and legal referrals, visa/passport help, cash access, assistance with lost luggage and more!

The card offers a Baggage Assurance Plan. This plan covers up to up to $1,250 for carry-on baggage and $500 for checked baggage in the event it is lost or stolen.

The Drawbacks

 

The annual fee is high. This fee skyrockets to $85 after one year of being fee free.

Duplicate cards for family are not free. Additional Gold Delta Skymiles Credit Cards cost $35 each and are subject to an $85 annual fee per card.

The miles rewards expire.  You must use your Gold Delta SkyMiles Credit Card miles within two years or lose them.

The APR is high. The standard APR for purchases is above average for an airline reward card and not ideal for those who plan to carry a revolving balance.

The card has a high balance transfer fee. The balance transfer fee on this card is 9.99% and only for the first six months. The interest is then variable and calculated according to your credit history and rating.

The grace period is short. You only have twenty days to pay without interest.

Monthly payments are applied to purchases first.  The amounts that you pay monthly are not applied to the highest interest garnering activities such as taking out a cash advance.  This can get expensive.

The Return Coverage is limited. Coverage is limited to $300 per item, excluding shipping and handling, and up to a maximum of $1,000 annually per Card Account and is subject to additional Terms, Conditions and Exclusions.

 

Fees To Watch Out For

Late payment fee:  $15 on balances up to $100; $29 on balances of $100 through $1,000; $35 on balances over $1,000

Over the Limit Fee: $30

Duplicate card fee:  $35

Cash Advance Fee: 3%, $5 minimum for Express Cash transactions

To Summarize –

Gold Delta Skymiles Credit Card is an ideal card for those who prefer to fly on Delta Airlines, who like to travel a lot and can afford to pay in full each month to avoid accumulating credit card debt, as often can be the case with revolving balances and high interest rates. It is not a good card to carry a balance on or to use to take out cash advances.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
N/A	N/A	18.24%	1st year free, then $85	Yes	Good Credit