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March 31, 2006
Editor's Review Of Gold Delta SkyMiles Credit Card From American Express
If you haven't read my other reviews of American Express cards please note that you will only be accepted for an Amex card if you have excellent credit.
The key benefits offered from American Express with the Gold Delta SkyMiles® card are:
15000 bonus miles with your first purchase - Bonus points are rewarded 8-12 weeks after the first charge you make on the card.
SkyMiles never expire
Delta Frequent Flyer number is printed right on your card - Providing convenience to you when redeeming your airmiles.
Competitive APR - Currently
No annual fee for the first year - $85 annual fee for the first year
Additional cards are fee free
Balance transfer of 9.99% for the life of the balance
One mile for every other eligible dollar spent - Eligible dollars are on the first $100000 you spend
No blackout dates - Fly when you want with your points!
Specific details about the Delta SkyMiles® card:
APR for purchases: 16.49%
Variable rates determined by:
Adding 9.99% to prime rate for purchases
Adding 14.99% to prime rate for cash advances
The Prime Rate for each billing period is the Prime Rate published in The Wall Street Journal on the first day of that billing period or two days prior to the closing date of that billing period, whichever is higher.
Deliquent and seriously deliquent rates are prime plus 12.99% and 21.99% - Pay your bills on time or pay!
Grace Period
20 days if previous months balance is paid in full.
Minimum finance charge of 0.50 applies so watch your small purchases on the card such as coffee as you will be an additional 0.50.
Overall the Gold Delta SkyMiles® Credit Card From American Express is a great card for those who like to travel on Delta Airlines and have excellent credit. If you are like me and don't like to carry cash watch that 0.50 minimum finance charge for your small purchases as that can really start to add up faster than you think in charges. Most people overlook this minimum finance charge and end up paying a small fortune in finance fees on this card. Use another form of payment for your lunches and coffees if you are going to apply for the Amex SkyMiles card.
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