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GOLD DELTA SKYMILES CREDIT CARD

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Delta Air Lines and American Express announced that they have launched the Gold Delta SkyMiles Credit CardÔ from American Express, an enhanced version of the successful cobranded credit card that the companies introduced in January 1996. The new Gold Delta SkyMiles Credit Card has a number of features that provide consumers with an even faster way to earn free travel.
The Gold Delta SkyMiles Credit Card offers a low introductory interest rate and automatic enrollment in the Delta SkyMiles Program, one of the largest frequent flyer programs. It also provides Cardmembers valuable rewards, including:

One Delta SkyMile for every dollar charged to the Card at stores, restaurants, theaters — anywhere American Express* Cards are welcome.
Unlike most other airline cards, the points accrued from the Card never expire as long as the Cardmember travels on one qualifying Delta or Delta Connection* flight every three years;
A 100% mileage bonus (for a total of 2 SkyMiles per dollar) for purchases of Delta Air Lines and Delta Connection tickets, as well as Delta Dream Vacations*. (For example, a $200 Delta ticket earns Cardmembers 400 SkyMiles, in addition to the SkyMiles earned for flying on Delta Air Lines.);
A 10,000 Delta SkyMiles Welcome Bonus for new Gold Delta SkyMiles Credit Card Members. (5,000 Delta SkyMiles Welcome Bonus for Cardmembers upgrading from the classic SkyMiles Credit Card.)

The Gold Delta SkyMiles Credit Card, issued by American Express Centurion Bank, is a revolving credit card with an 8.9% introductory interest rate for the first six months of membership. Thereafter, the interest rate for purchases is prime plus 9.4%, which would result today in an APR of 17.65%. The interest rate for cash advances and for Cardmembers not in good standing is prime plus 12.9%, which would result today in an APR of 21.15%.
The annual fee for the new Gold Delta SkyMiles Credit Card is $75 which is competitive with other Gold airline cobranded cards. All primary American Express consumer Personal, Gold and Platinum Cardmembers (this does not include individuals who hold an additional card on a basic Cardmember’s account) will be charged only $20 for the new Card. Individuals can apply for the Gold Delta SkyMiles Credit Card by calling 1-800-SKY-MILE. To transfer any existing Optimaâ account balance to the Gold Delta SkyMiles Credit Card, call 1-800-430-1000.

How the Card Works

Delta SkyMiles are earned every time a purchase is made with the Gold Delta SkyMiles Credit Card. Cardmembers’ SkyMiles balances will be updated and communicated through their Delta SkyMiles account summaries. The SkyMiles can be used the same as any other Delta SkyMiles earned by the member for free flights and upgrades. SkyMiles accrued from purchases on the Gold Delta SkyMiles Credit Card never expire, as long as the Cardmember travels on one qualifying Delta or Delta Connection flight every three years. Cardmembers who carry a balance will get an additional .2 SkyMile for each dollar spent on new purchases.

The annual cap for SkyMiles accumulation on the credit card is $100,000 in charges, except for the bonus for Delta purchases, which has no cap. Transactions not eligible for SkyMiles accumulation are cash advances and balance transfers from other credit card products, as well as the transfer of any portion of a balance from an American Express Charge Card to the Gold Delta SkyMiles Credit Card.

Delta Air Lines will continue its participation in the American Express Membership Rewards sm program, which allows American Express Cardmembers to earn one program point for every dollar charged on an enrolled American Express Card. Cardmembers can redeem program points for gift certificates, merchandise and travel.

Delta carries more passengers worldwide than any other airline. Delta, the Delta Connection carriers, and Deltas Worldwide Partners operate more than 4,900 flights each day to more than 300 cities in 31 countries.

Based on the way American Express Cardmembers use the Card, American Express estimates that their current United States merchant base can accommodate 88 percent of Cardmember spending. Presently, American Express is signing up new merchants to welcome American Express at the rate of one every two minutes.

American Express Company is a diversified travel and financial services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning, investment products, insurance and international banking.

American Express Travel Related Services Company, Inc., is a wholly-owned subsidiary of the American Express Company — a diversified worldwide travel and financial services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning, investment products, insurance and international banking.

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