Delta recently announced that all MQM earned this year will roll over to 2021 — essentially giving everyone a nice headstart on 2022 Medallion status.
Because four Delta Amex cards award members with MQM each time a spend threshold is met, there are basically seven months additional months (now through December 2020) to stock up on MQM for 2022 status.
But should you?
Let’s take a lot at a couple of options.
Delta Amex MQM Tiers
For any newcomers in the audience or those wanting a refresher, here’s how the applicable Delta American Express cards MQM bonuses work.
The Delta Reserve Credit Card from American Express and Delta Reserve for Business Credit Card from American Express each award 15,000 MQM when cardholders spend $30,000 during a calendar year. Cardholders can receive a maximum of 60,000 MQM (which means spending $120,000) each year per card.
Meanwhile, the Platinum Delta SkyMiles Credit Card from American Express and Platinum Delta SkyMiles Business Credit Card from American Express each award 10,000 MQM when cardholders spend $25,000 during a calendar year.
These cardholders can receive a maximum of 20,000 MQM (so spending $50,000) each year per card.
Should You Earn MQM This Year on Your Delta SkyMiles Amex(es)?
This is always a personal (or business) decision — pandemic or not.
Everyone’s budgets and bank accounts are different. What may seem silly to you is someone else’s reality. So keep that in mind.
Staying home and spending less may make it difficult to reach some spend thresholds — especially on the Delta Amex cards.
And it’s certainly not worth spending money you don’t have just to earn miles.
If you’re fine spending money on your Delta Amex and not worried about reaching MQM thresholds, then go for it. (The Platinum Delta SkyMiles Credit Card from American Express is nice because it has supermarket and dining bonus categories.)
Another Way to Score Big MQM: Flying! (Maybe Next Year?)
One of the reasons we posted (and will again!) so many Delta MQD partner runs is that they earn a ton of MQD and MQM at prices that are fairly low (at least, considering what you get) and at least in premium economy, if not business class.
So next year may present some nice opportunities to enjoy a few mileage runs — without worrying about Delta Amex spend. These runs quickly haul in plenty of MQM.
That being said: we don’t know what the future holds. There’s always a chance Delta’s partnerships could implode or there’s simply not enough demand for runs.
But the MQD-MQM runs are certainly a good option to consider.
What Are Some Better Options for Spending Right Now?
If you want to take the MQD-MQM mileage run route, there are far more valuable cards.
Here’s why this is important: you can purchase travel through many credit cards’ travel services — and redeem points to help offset some or all of your costs. Those trips are considered cash fares — earning you elite miles-spend-segment and redeemable miles.
The American Express Gold Card earns 4X at US supermarkets (up to $25,000 in yearly spend) and also at restaurants (which includes food delivery services such as Grubhub, Postmates, and Seamless.) And let’s face it. Most of us are spending a decent amount of money right now supermarkets and
Don’t forget the Chase Sapphire Reserve, which gives you 3X at restaurants (and any travel purchases you make). And when CSR cardholders redeem Ultimate Rewards points for travel through Chase, they receive 50% more value. So that 3X can ultimately (no pun intended) be worth 4.5 cents in travel.
You can earn 3X at restaurants with the American Express Green Card.
Finally, there’s the Chase Sapphire Preferred — which has the lowest annual fee of the bunch — which earns you 2X at restaurants and travel.
Keep in mind you book custom mileage runs through our friends at Juicy Miles — and pay with Amex Membership Rewards points, if you so desire.
A nice feature of the Chase Ultimate Rewards cards: you can redeem them for statement credit at a rate of one cent per point. So if you discover you really need money instead of points, there’s always that option.
Getting additional time to earn MQM is certainly nice. For those with ways and means to rack them up with Delta Amex cards, 2020 presents a great opportunity to pad their balances. But it may not be the best move for everyone. There’s still a long way to go until 2022 — heck, even next year is still way off! So everything is in flux. But there are options to help you enjoy high levels of Delta status in 2022.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.