Is It a Good Deal to Redeem Your SkyMiles for Delta Gift Cards?

Is It a Good Deal to Redeem Your SkyMiles for Delta Gift Cards?

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Delta Airlines has added a new way for flyers to redeem their SkyMiles. Now, SkyMiles members can “cash out” their miles for Delta gift cards.

Below are the miles needed to redeem for a gift card. Unfortunately, there’s only five different redemption levels, so you’ll need a certain number of miles to redeem.

Gift Card Value Miles Needed
$50 7,150 SkyMiles
$100 14,300 SkyMiles
$250 35,700 SkyMiles
$500 71,450 SkyMiles
$1000 142,850 SkyMiles

So, is this worth it? Definitely not. These redemptions value SkyMiles at a meager .7 cents apiece. TPG values them at 1.2 cents a pop.

Additionally, if you’re a Delta co-brand credit card holder, you can get at least 1 cent per mile in value when using Delta’s “Pay With Miles”  program. When using “Pay With Miles” you have to redeem in increments of 5,000 miles apiece for $50 toward the cost of the ticket, but you’ll be able to earn MQMs for the flight — although not MQDs or redeemable miles. Granted, if you used a Delta gift card for a flight, you’d earn MQMs, MQDs and redeemable miles.

Note that these are physical gift cards, too, and you’ll have to pay cash if you want an e-gift card. 

Unless you really want a gift card, it’s definitely a better deal to redeem your miles directly for flights or by using “Pay With Miles,” especially considering the trend of SkyMiles being worth more and more these days.

H/T: Laptop Travel

Travel

via The Points Guy https://ift.tt/26yIAN2

April 16, 2018 at 06:15PM

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