Delta Fly now - Pay Later 6 months..

[CreditCuriosity]

Interesting concept..  Guess Delta allows you if you are a delta card holder to fly now and pay later being within 6 months.  If you still owe at the end you pay 2.5 cent per mile though..Wonder if it works for the sign-up bonuses as well on the cards aka get bonus prior to spend..

http://www.doctorofcredit.com/american-express-delta-cardholders-fly-now-pay-later-borrow-miles-six-...

[CostantinoA]

I just logged into mine and I do not see the option?  Do you know where it is?

[odd_dog]

I logged in to my Delta Reserve and it is under offers and benefits on main page, mixed in with the other offers....I clicked it to see how many miles I can borrow and got 12,000....now as I understand it, I would have 6 months to "put back", by putting spend on the card, the 12,000 points, if not they would charge me (at one point per dollar spend, that is $12,000 to spend in six months, granted you can use offers to get more than 1 point per dollar BUT seems like a lot of spend in six months for me anyway, and guessing your flights would count with this too??? I did not read that though) ....interesting I guess, not sure how I would use this....

[CreditCuriosity]

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@odd_dog wrote:

I logged in to my Delta Reserve and it is under offers and benefits on main page, mixed in with the other offers....I clicked it to see how many miles I can borrow and got 12,000....now as I understand it, I would have 6 months to "put back", by putting spend on the card, the 12,000 points, if not they would charge me (at one point per dollar spend, that is $12,000 to spend in six months, granted you can use offers to get more than 1 point per dollar BUT seems like a lot of spend in six months for me anyway, and guessing your flights would count with this too??? I did not read that though) ....interesting I guess, not sure how I would use this....

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I believe you read it right.. It is certainly a money making thing for Amex and can get yourself in some trouble if not well grounded as it is kinda form of credit with credit if that makes sense .  Interseting none the less.. It is based on your patterns of spend prior to how many miles they will forward to a person at any given time is my understanding.  Don't have my delta card anymore, but needless I find it interesting to try to get business/spend on cards

[odd_dog]

I would be interested to see what other card holders "borrow limits" are!

[Anonymous]

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@odd_dog wrote:

I would be interested to see what other card holders "borrow limits" are!

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Looked at my g/f's account and she can borrow 5K miles.  Not sure if it's related to how much you use the card which in her case is virtually none.

[odd_dog]

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@Anonymous wrote:

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@odd_dog wrote:

I would be interested to see what other card holders "borrow limits" are!

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Looked at my g/f's account and she can borrow 5K miles.  Not sure if it's related to how much you use the card which in her case is virtually none.

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OK my wife uses mine like it was free money...so there you go.....LOL

[NRB525]

I saw this on my account this morning, did not click thru to check number of miles. 

It it will be useful if one is close to a needed SkyMiles total and would otherwise buy some topping up miles at the going rate to complete a booking. It works out to a small loan you pay off with future card spend, so if someone borrowed 12,000 miles they would be on the hook for $300 to pay AMEX if no further spend. 

[Anonymous]

I just checked, I can't seem to find that offer on my account.

[Anonymous]

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@Anonymous wrote:

I just checked, I can't seem to find that offer on my account.

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Nothing on mine, either.  Perhaps it's because my card is new?