Well this is an interesting offer and the timing is equally interesting. Take a look at the offer that popped up in my Amex offers tab (when you are logged in to your Amex credit card accounts):
This is interesting on a whole bunch of levels and I am really trying to see if we can detect any kind of pattern that we can look forward to over the next few years from the Delta – Amex joined at the hip relationship. As a side effect of COVID and the massive drop in flying we are going to see a lot of arrogant choices either rolled back or tweaked in some way. Let’s dive in.
First up, to start the year, I very quickly got my 60k Amex boost spending done before the bonus SkyMiles that always used to be included went away. The current new offer (be sure to register before you start to spend) brings that back i.e. you are getting 1.5 Skymiles per dollar spent (when you spend 1k). Plus depending on what you value an MQM at, you are doing a mileage run from home.
Keep in mind all MQMs are rolling over this year so this is a nice way to pad your number for next year (at some point) when we all hope it is again safe to travel.
What else is this offer telling me? A bunch.
Amex is scared. The Delta – Amex partnership is huge for both companies. With business travel all but dead and even 1st class travel nothing to get excited about (oh and there is the bonus you can get COVID along the way), they do not want folks canceling or downgrading their cards to the GOLD Delta Amex cards (notice they are not part of the spend deal – he he)!
Will I be going for this deal? Maybe. I really like the idea of earning both the boost offer for hitting another 30k spend and the bonus MQMs (confirmed btw that you can earn both). I could pay my taxes and for very little cost harvest the MQMs (i.e. the value of the SkyMiles offsets most of the fee to pay taxes).
The one thing we need to be careful with now is the Amex RAT teams are ready to gnaw our legs off if we do any creative spending (even clawing back from closed accounts). They have been less “hungry” shall we say on Delta points vs. other Amex points, but their ravenous appetites have me thinking pause on this one or any offer from Amex.
In September, for a number of years, Amex has come out with big MQM offers for new cards. This offer may be another way to motivate new customers to not just get a card but to then spend big on it in anticipation of travel next year.
What I really hope comes from all of this is a slow rollback of the punishing things Delta and Amex have dreamed up over the past few years like the ¼ million Diamond MQD spend waiver i.e. roll it back to 25k for all levels. Also, it would be great to see the MQM bonus come back if we transfer Amex Membership Rewards points to Delta again.
What do you think of this offer? Are you going for it? – René
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