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Old May 25, 2005 | 12:05 pm
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tcook052
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American Express and Delta Introduce The SkyPoints Credit Card

http://biz.yahoo.com/prnews/050525/nyw110.html?.v=10

NEW YORK, May 25 /PRNewswire/ -- American Express and Delta today introduced the SkyPoints Credit Card - a new rewards card that provides travelers with flexibility and savings on Delta airfare including Delta mainline, Delta Connection, Delta Shuttle, and Song. The SkyPoints Credit Card, available for consumers and small businesses, enables Cardmembers to earn SkyPoints that can be redeemed toward discounts, in the form of a statement credit from American Express, on Delta airline tickets. Cardmembers can redeem as few as 3,000 SkyPoints for 10 percent off and up to 20,000 points for 75 percent off the first $500 of the ticket price. The SkyPoints program will supplement the Delta SkyMiles frequent flier program by enabling Cardmembers to transfer SkyPoints to their SkyMiles account and continue to earn miles toward award travel to hundreds of destinations on Delta and its airline partners.
"We are delighted to launch the SkyPoints Credit Card and offer Delta customers a rewards program that is easily within their reach and on their terms," said Beth Lacey, senior vice president, Strategic Alliances and Cobrands for American Express. "In addition to allowing customers to quickly earn rewards on the Card, we're empowering customers to buy the airline ticket they want, where they want and have the option to save by redeeming SkyPoints. The SkyPoints Credit Card is a perfect complement to the American Express and Delta co-brand cards."

Cardmembers earn valuable SkyPoints on virtually every purchase and double SkyPoints for every eligible dollar spent on everyday purchases at supermarkets, gas stations, drugstores, home improvement and hardware stores, the U.S. Postal Service, for wireless phone bill payments and on Delta and Song purchases(1).

Cardmembers can redeem SkyPoints for a discount on the first $500 off any Delta or Song ticket(2):


* 3,000 SkyPoints equals a 10 percent savings
* 7,500 SkyPoints equals a 25 percent savings
* 15,000 SkyPoints equals a 50 percent savings
* 20,000 SkyPoints equals a 75 percent savings

SkyPoints can be redeemed for travel rewards that have no capacity-control restrictions, blackout dates or expiration dates. Cardmembers redeem points through three easy steps:


1. Shop for the lowest airfares on delta.com, flysong.com or another
online travel site; by phone or through a travel agent.

2. Use their SkyPoints Credit Card to purchase a Delta ticket of their
choice.
3. Contact American Express to redeem their discount when the ticket
charge appears on their monthly statement.

In addition, Cardmembers can transfer SkyPoints to their Delta SkyMiles account, with a minimum transfer of 1,000 points and no transfer fee.

"This Card is part of our continually evolving credit card program and an extension of our valuable partnership with American Express," said Jeff Robertson, Director of the SkyMiles program. "We're excited to offer a Card that provides our SkyMiles members a new way to earn travel rewards with Delta."

The SkyPoints Credit Card has no annual fee for the first year, with a $49 annual fee for subsequent years. Cardmembers receive a 2,500 SkyPoints welcome bonus(3) with their first purchase and another 2,500 upon first year renewal(4). For more information and SkyPoints program terms and conditions, or to apply for the SkyPoints Credit Card, visit americanexpress.com/skypoints or call 1-800-223-2670.

In addition to SkyPoints, the SkyPoints Credit Card offers a number of Cardmember benefits and services, including fee-free additional Cards, the ability to pay over time, Purchase Protection Plan(5), Buyer's Assurance Plan(6), Car Rental Loss and Damage Insurance Plan(7), emergency card replacement, Global Assist® Hotline travel benefits, Travel Accident Insurance(8) and access to 24-hour customer service. SkyPoints Business Cardmembers also receive Baggage Insurance(9) as well as access to valuable discounts through the OPEN Savings program(10). OPEN Savings gives Cardmembers automatic discounts when using their SkyPoints Business Card for a variety of purchases with select partners that provide long distance service, express shipping, car rentals and business supplies, among many other choices.
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