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$900 in Delta airfare or $500 gift card for $450 – American Express : The Platinum Card, spend $1000 within three months; Exp. – 3/31/11

By , February 14, 2011

Link to the 50,000-point promo



Note: According to a copy of FW post below, you can transfer 50,000 Points to 90,000 Miles if you sign-up for stackable 30% promo and 50% promo. You can exchange 90,000 bonus miles for $900 in Delta Airfare (see more info here ).

Alternatively, you can exchange 50000 points for a $500 gift card. See examples of gift cards from Dell, Home Depot, GAP, etc here (You may have to use Firefox or Netscape, not Internet Explorer to see AmEx Rewards website). The card has annual fee of $450. So your net bonus will be $550 and $50, for the first and second scenario, respectively.

Terms of 50,000-point offer:

Once your application for The Platinum Card® from American Express is approved, you can receive 50,000 Membership Rewards® bonus points after you spend $1,000 in your first 3 months of Card membership. To be eligible to receive bonus points, you must be enrolled in the Membership Rewards First® program at the time of purchase and you must charge your purchase on an eligible, enrolled Platinum Card®. Bonus points will be credited to your Membership Rewards account 6-8 weeks after you meet the spend requirement. Bonus points may be redeemed for one round-trip domestic coach-class airline ticket or any reward of equal point-redemption value. This offer is valid for first-time Platinum Card® members only. You are eligible to receive bonus points for only one Card account. Additional Card members are not eligible. Terms and conditions for the Membership Rewards First® program apply. Visit www.membershiprewards.com/terms or call 1-800-297-1300 for more information. Participating partners and available rewards are subject to change without notice.Bonus ID 4986.


Copy of FW post:

QUOTE

Over on the Flyertalk forumsthere is some buzz about two stackable promotions that can turn 50,000 American Express Membership Rewards points into 90,000 Delta SkyMiles and instant Silver elite status (25,000 elite qualifying miles). This is another nice promo for those that fly on Delta, making flying much more enjoyable. Here’s how it works:

First, there is this 30% bonus offer on transfers from AMEX points to Delta miles through 3/31/11. Then, there is a separate 50% bonus offer on first-time transfers from AMEX points to Delta miles through 5/31/11. In addition, if you 50,000 points or more, you’ll also receive 25,000 Medallion Qualification Miles (MQMs). This is enough to reach Silver Medallion status and get benefits like waived baggage fees, priority check-in, priority boarding, the ability to select exit row seats in economy class, and free upgrades to first class (based on availability). You’ll have elite status for both the rest of 2010 and all of 2011.

Many people have confirmed that these are stackable, meaning you can get both at the same time.

This coincides with the current promotion for the American Express Platinum Card which is offering 50,000 bonus Membership Rewards points for spending $1,000 within 3 months. Thus, if you transfer 50,000 points using the offers above, you’d end up with another 80% extra = 90,000 Delta Skymiles and Silver elite status. If you value miles at a penny per mile, 90,000 miles is worth $900.

The AMEX Platinum does have a hefty $450 annual fee. Essentially in exchange for $450 you’ll be getting 90,000 miles, elite status, first class lounge access, and also other perks like $200 annually to spend on airline incidentals like baggage fees, ticket fees, and inflight food and beverage. The first class lounge access is valid for you and two companions at American Airlines Admirals Club, Continental Presidents Club, Delta Sky Club, and US Airways Clubs. More details on the perks here.

Another tip is that with a Platinum card, you can get the 50,000 points upfront from the Membership Rewards website, getting the 90,000 miles earlier and without having to worry about promotion deadlines.


source: fatwallet.com/forums/hot-deals/1070850/?fwcs=ta243517

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