I am considering switching my Delta Skymiles Platinum card for the One card from American Express. My current card earns miles on Delta and I have earned enough miles from my spending to purchase several plane tickets. I also get a free companion certificate each year when I renew it. There is a $135 membership fee but again the companion certificate which was worth a $400 ticket last year along with the thousands of miles I earn make the card worth the $135 fee.
The One card has a deal where 1% of your spending to be deposited in a savings account along with a $50 bonus the first time you use the card. I spend between $20,000 and $25,000 a year on my American Express so that would earn me at least $250 this year including the $50 bonus. The annual fee for this card is $35 but it is waived in year one.
The interest rates are irrelevant because I pay the balance off every month. Now that I see the pros of each card in black and white in front of me...it makes more sense to stay with my platinum skymiles card. There are also benefits with the platinum card that I would not get with the other such as doubling the warranty periods for items bought with the card, etc.
What do you think?
1 comment:
I like my Chase Freedom Visa. You earn 1% on every purchase, and each month your top 3 spending categories earn 3%. You can then spend your points on gift cards etc., or redeem for cash (minimum $50). If you save up until you have 200 points, you can redeem for $250, a bonus of $50. (Each point is worth $1). There is no annual fee.
I suppose only you can judge whether the airmiles have more value to you. Personally, I don't fly all that often, but when I do I can usually find a deal on my fare.
Post a Comment