Amex, Delta Refresh SkyMiles Cards with New Benefits
man holding a cell phone and Delta SkyMiles Reserve American Express Card

Amex, Delta Refresh SkyMiles Cards with New Benefits

American Express and Delta have announced updates for their co-branded credit cards — including higher annual fees.

About the revamped cards:

Starting with the Delta SkyMiles Gold American Express card, customers will now be able to take advantage of an annual $100 Delta Stays credit. This will allow them to get up to a $100 statement credit to book prepaid hotels or vacation rentals through Delta Stays. Additionally, those who spend at least $10,000 per year on their card can unlock a $200 Delta Flight Credit (up from $100 previously).

Next, the Delta SkyMiles Platinum American Express card (not to be confused with the American Express Platinum Card) has even more new benefits. Similar to the SkyMiles Gold, the SkyMiles Platinum has also added a Delta Stays credit. In this case, cardholders can earn up to $150 in statement credits per year on Delta Stays bookings.

On top of that, the card has added new credits for Resy and rideshare. Cardholders can now earn up to $10 a month in statement credits on eligible purchases with Resy (locations in the United States only). Plus, cardholders can also earn up to $10 per month in statement credits on eligible rideshare purchases made with the card.

Lastly, the Delta SkyMiles Reserve American Express card will now gain a $200 per year Delta Stays credit, the same $10 per month rideshare credit as the SkyMiles Platinum, and a $20 per month credit on eligible Resy purchases.

In addition to those benefits, both the SkyMiles Platinum and SkyMiles Reserve cards will see enhancements made to the Companion Certificates. Now, in addition to being valid for flights in the contiguous United States, certificates will include round-trip flights to Hawaii, Alaska, Mexico, the Caribbean, or Central America. These Companion Certificates are awarded each card renewal year and include Main Cabin bookings for SkyMiles Platinum cardholders, while SkyMiles Reserve cardholders can use them for First Class, Delta Comfort+, or Main Cabin bookings.

With Delta switching to a loyalty status system based purely on Medallion Qualifying Dollars (MQDs), the SkyMiles Platinum and SkyMiles Reserve cards have also added MQD Boost and MQD Headstart perks. Both cards will now allow cardmembers to earn $2,500 MQDs automatically. These MQDs will be deposited into cardholders’ SkyMiles accounts within six to eight weeks after the start of the Medallion Year each February. For context, Medallion Status starts with the Silver level, which requires $5,000 MQDs per plan year. On top of that, SkyMiles Platinum cardholders can earn $1 MQD for every $20 spent on their card, while SkyMiles Reserve customers will earn $1 MQD for every $10 spent on the card.

Unfortunately for consumers, the revamped SkyMiles cards also come with increased annual fees. The Delta SkyMiles Gold card will now carry a $150 annual fee versus the previous $99 fee. Additionally, the Delta SkyMiles Platinum will increase to $350 annually (from $250) and the Delta SkyMiles Reserve will climb from the current $550 per year to a new annual fee of $650 per year.

Current welcome bonuses:

In conjunction with these card updates, Amex has also rolled out new welcome bonuses for these SkyMiles cards. Currently, new SkyMiles Gold cardholders can earn 70,000 bonus miles after spending $3,000 on their card in their first six months. Additionally, the new $150 annual fee is being waived for the first year.

Meanwhile, new SkyMiles Platinum cardmembers can earn 90,000 bonus miles after making at least $4,000 in purchases on the card within their first six months. Lastly, the SkyMiles Reserve offer is a whopping 100,000 bonus miles after spending $6,000 on the card during your first six months as a cardholder.

My thoughts:

Anyone who’s been paying attention to Amex’s strategies in recent years probably saw something like this coming. Just as we saw with the company’s flagship Platinum Card a few years ago, American Express has found success with increasing the number of benefits and credits that cardholders can use while raising the annual fee. Of course, the catch is that some of these credits may not be easy for all cardholders to use — and they’re often divided into smaller monthly credits, which keep customers using their card.

A prime example of this is the $10 per month Resy credit. While a $120 credit sounds great, most customers will probably be spending way more than $10 a month at Resy locations in order to use their credit. Furthermore, looking in my area, there’s only one nearby restaurant available on Resy. This would suggest that cardholders who don’t live in major metropolitan areas will likely not see much benefit from this new perk,

Also notable is that, at $650 per year, the SkyMiles Reserve is nearing the American Express Platinum card’s $695 annual fee. Personally, it’s not really a contest as to which makes more sense in my situation. And, with new restrictions to the Reserve card’s Skyclub access coming in 2025, I am a bit surprised to see Amex/Delta choosing now as the time to hike the fee.

With all of that said, there are still situations where these SkyMiles cards may make sense — and some flyers may even see lower effective annual fees if they manage to use all of the credits offered. But, I have a feeling that many Delta flyers will only be further disappointed with these updates.


Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

"The Unbanking of America" Book Review

In her new book " The Unbanking of America: How the New Middle Class Survives" author Lisa Servon looks at everything from the payday loan industry to FinTech while also discussing the changing economics of the middle class.
Charlie and SpeedBump logos

Charlie Introduces SpeedBump Fraud Protection Feature

A FinTech that helps prevent adults from falling victim to scams and fraud is adding a new feature to further that cause. About SpeedBump: Today, Charlie announced the launch of its SpeedBump feature. This tool combines alerts, pauses, and real-time education to help protect older adults who may be vulnerable to scams and fraud. SpeedBump may be activated when Charlie customers take certain actions, such as adding a payee, making...
AMEX card in the middle of a restaurant table full of food

American Express to Acquire Tock from Squarespace

American Express is expanding its dining platform with not one but two acquisitions. About the acquisitions: Today, Amex announced that it will be acquiring the restaurant reservation service Tock from Squarespace (who purchased the company in 2021). The purchase is expected to be for $400 million in cash but is subject to closing conditions, customary adjustments, and regulatory approval. Amex also notes that, as part of the deal with Squarespace,...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...