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Delta SkyMiles Reserve card art

American Express

Delta SkyMiles Reserve

AF $650★ Keeper

What it is

The Delta SkyMiles Reserve is an American Express card earning Delta SkyMiles. Its ongoing value can outweigh the annual fee, making it a potential keeper past year one. Delta's top card — Sky Club access and a first-class-eligible Companion Certificate are the keeper hooks for a committed Delta flyer. The steep fee only works if you fly Delta and actually use the lounge and companion.

Offer history

Current offer
70,000
$770 bonus · $808 year 1
Spend to earn
$5k
~$833/mo · 180d
All-time high
125,000
Jun ’26
Timing
44% below
vs all-time high
Value over time
Plot
$400$600$800$1,000$1,200$1,400$1,600$0$500$1k$1.5kAnnual fee raised $550 → $650 (announced Feb 2024, effective at renewal on/after May 1, 2024); added $200 Delta Stays credit, $240 Resy credit, $240 rideshare credit, and $2,500 MQD Headstart.AF $550 → $650Sky Club access shifted to a capped 10 visits/year (from unlimited), with unlimited unlocked at $75k+ annual spend.AF $650 · benefits updatedFeb ’24Jun ’24Oct ’24Feb ’25Jun ’25Sep ’25Jan ’26Apr ’26now
Year 1 (incl. perks)Bonus $Spend / mo (right)All-time highProduct refresh

Value is the welcome bonus at your valuations. The Year 1 total also counts recurring benefits and subtracts the annual fee. Spend / mo (the dashed line, right axis) is the monthly pace to clear the minimum spend in time — shown on every view so the spend stays in context.

OfferBonusValueYear 1ReturnDate
PUBLIC
70,000$5k · 180d$770$80816%Jun ’26
PUBLIC
ATH
125,000$9k · 180d$1,375$1,41316%Jun ’26
PUBLIC
70,000$5k · 180d$770$80816%Apr ’26

What you get

Airport lounge accessNo foreign transaction feesCell phone protectionTrip cancellation insurance
  • Companion certificate$600per year

    One Companion Certificate each year on renewal, good for a round-trip domestic ticket in First Class, Delta Comfort+, or Main Cabin — your companion pays only taxes and fees.

  • Delta Sky Club$275per year

    15 Delta Sky Club visits per year when flying Delta (unlimited at $75k spend); guests paid $50. ~$695/yr full membership retail.

  • Resy credit$240per year

    Up to $240 a year ($20 a month) at U.S. restaurants that take Resy reservations, after enrollment.

  • Delta Stays credit$200per year

    Up to $200 a year in statement credits on prepaid hotels and vacation rentals booked through Delta Stays at delta.com.

  • Rideshare credit$120per year

    Up to $120 a year ($10 a month) in U.S. rideshare statement credits with Uber, Lyft, Curb, and Alto after enrollment.

  • Global Entry credit$120one-time

    Up to $120 every four years toward a Global Entry or TSA PreCheck application fee, as a statement credit.

Dollar figures are the benefit’s face value. What it’s worth to you — after realistic usage and your own point values — is in the receipt below.

The receipt

standard values
SUB value+$770
70,000 Delta ×
Benefits (Year 1)+$688
↳ $1,645 at sticker value — before custom valuations
Ongoing
Companion certificate
$600 ×
~$270
$124
Resy credit
$20/mo ×
$108
One-time
Global Entry credit
$120 ×
$30
Annual fee−$650
Year 1$808
Return for spending $5k16%
Score
Payout
$808
ROI
16%
Value (39% payout · 61% ROI — leans ROI for your spend)37
× Timing below its all-time high-9%
× Keeper ongoing value covers the annual fee+1%
Base score33.8

Sign in to fold in your eligibility, spend-fit, and 5/24.

Thiccscore34 / 100

Related cards

Delta SkyMiles Reserve scores 34 here on standard point values. See where it ranks against every card, scored for your points, spend, and eligibility.

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