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$180 in Delta airfare or $100 gift card – American Express : Gold Card; Exp. – 3/31/11

By , February 22, 2011
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Link to the 10,000-point promo



Note: You can transfer 10,000 Points to 18,000 Miles if you sign-up for stackable 30% promo and 50% promo. See a copy of FW post how this can be done with points from AmEx Platinum card. The same strategy should work for any AmEx card with membership points. You can exchange 18,000 bonus miles for $180 in Delta Airfare (see more info here ).

Alternatively, you can exchange 10000 points for a $100 gift card. See examples of gift cards from Dell, Home Depot, GAP, etc here .

Annual fee:

Card application form mentions:

"""
I understand that the annual Card fee is $125 after the first year.
"""
Also, the application page generates a pop-up like this

IPB Image

which implies that there is no annual fee during the first year.

Terms:

Earn 10,000 Membership Rewards® bonus points when you spend $500 in 3 months of Card membership- redeemable for a $100 gift card.


Once your application for the American Express Preferred Rewards Gold Card is approved, you can earn 10,000 Membership Rewards® bonus points after you spend $500 in your first 3 months of Card membership. To be eligible to earn bonus points, you must be enrolled in the Membership Rewards program at the time of purchase and you must charge your purchase on an eligible, enrolled American Express® Preferred Rewards Gold Card. Bonus points will be credited to your Membership Rewards Program account 6-8 weeks after spend threshold is met. Bonus points may be redeemed for gift cards valued at $100 upon point credit with participating partners. This offer is valid for first-time American Express Preferred Rewards Gold 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® program apply. Visit membershiprewards.com/terms or call 1-800-AXP-EARN (297-3276) for more information. Participating partners and available rewards are subject to change without notice. Bonus ID 1719

* Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.



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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