One Mile at a Time says that the 1.4 cent per point purchase price under the promo is worthwhile if you’re topping off for a Singapore Airlines award before the May 15 deadline.
But otherwise it’s hard to endorse such a purchase.
And in related news, half a dozen people have emailed me about the ‘news’ that Delta American Express cardholders would receive a first bag fee waiver beginning June 1.
This is hardly a big deal, it’s becoming a common co-branded credit card benefit, something that Continental already offers for its Mastercard holders for instance. The card isn’t free, if you spend money on it you’re earning Skymiles which already strikes me as suboptimal. So I wouldn’t run out and get this card and fly Delta so that your bags can fly fee-free. There are of course other options. And for elite frequent flyers this is of course no new benefit.
Update: As Gary Steiger so correctly points out in the comments — and why I shouldn’t post so early in the morning — is that American Express does offer Delta co-branded cards fee-free the first year. And Gary has links to such offers at his freefrequentflyermiles.com website.