Originally Posted by
Djlawman
Yeah, given the ridiculous award miles DL is asking for these days, I'd rather just cash out my DL miles, even at the .01 cpm, to have that amount in gift cards, so I could cancel my DL Amex. Annual fee just is not worth it, given the inability to use reasonable numbers of miles for awards, or to get any use out of the companion ticket these days.
I believe Pay With Miles is still available with just the no annual fee DL Amex, so you could downgrade and keep PWM.