SM to AmEx gift cards conversion rates. Can we get any statistics to find the reason?

Discussion in 'Delta Air Lines | SkyMiles' started by Inno.SAN-ICN, Feb 27, 2011.  |  Print Topic

  1. Since a lot of people are concerned with constant devaluation of SMs, many of us are looking for ways to convert SMs into DL dollars, or other more stable and unrestricted currency.
    One of the ways I'm considering is to buy an AmEx gift cards on SM marketplace.
    Of coarse, there are pros and cons in this method, but, as a bottom line, it's probably the most straight way of conversion.
    The price is reasonable for me (10500SM per 100$ card), but a lot of people (here and on FT) reported significantly different rates for the conversion.

    My suggestion is to collect some data in order to find out the reason (if it's not a DL IT glitch:) and may be we'll figure out the way to get a good rate.

    Please post:
    - Price in SM you get for 100$ AmEx card, when you are logged in DL.com marketplace;
    - Your Medallion status;
    - Type of DL AmEx CC (if any);
    - How often are you buying on the SM Marketplace.
    - Any additional info you think may be relevant.

    I'll start with mine data:
    10500; GM; DL Gold AmEx; 1/year

    I hope I'm not moving too far (or too close to ID theft:), if you feel so, please disregard my post.

    Thanks,
    Inno
    ___________________________________________________________________________
    Summary on 03/03
    DL AmEx CC | Med. Status | 100$ AmEx GC price
    Plat DM 11000
    Plat PM/2MM 11000
    Plat PM 11000
    Plat GM 11000
    Plat FO 11000
    Gold DM 11000
    Gold GM 10500
    None DM/MM 13500
    None DM 13500
    None GM 13500
    _____________
    None No 36000
     
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  2. Gargoyle
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    Gargoyle Milepoint Guide

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    11,000, PM, DL Plat Amex
    Never bought from the marketplace until the gift cards late 2010.
     
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  3. BamaGirl
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    BamaGirl Silver Member

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    This should cheer you cardholders up:

    19,000 (for the $50 card) / DM/ no DL branded Amex-but plenty of others / 2x yr
     
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  4. mtkeller
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    mtkeller Silver Member

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    11,000, FO, DL Platinum AmEx, Never bought from marketplace.
     
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  5. TheMadBrewer
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    TheMadBrewer Silver Member

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    11,000 miles, DM, DL Plat Amex (and regular Plat Amex), bought gift cards last Xmas for the 1st time.

    (and as a comparison, a Macy's $100 gift card is 10,500)
     
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  6. flyingdawg
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    flyingdawg Gold Member

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    13,500* SM for AmEx $100 gift card (purchased at end of last yr.)
    DL GM / Currently no co-branded DL CC
    I have bought many things on DL Marketplace (1st time getting gift card)
    * When I logged on to account in early Dec. redemption rate was 13,000 SM per $100. A few days later when I was ready to pull the trigger the rate had gone up 500 SM[​IMG].
     
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  7. BamaGirl
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    BamaGirl Silver Member

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    Interesting that your rate is so much better than mine (@19,000 for $50 card). Definitely infers purchasing other items on the site provides a benefit in pricing to those of us who don't have a DL-branded card.
     
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  8. flyingdawg
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    flyingdawg Gold Member

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    Not sure. I thought Med. status would be an obvious factor, but one poster here and several on FT IIRC were FOs and getting better conversion than I.
     
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  9. BamaGirl
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    BamaGirl Silver Member

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    Status sure didn't help this DM [​IMG]. Did they have a branded card? Unless your experience is an outlier, it would seem buying frequently (which I don't) is a key for those of us without a DL card.
     
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  10. flyingdawg
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    flyingdawg Gold Member

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    I was referring to the DL AmEx CC. I had one up until 3 yrs ago.
     
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  11. TheMadBrewer
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    TheMadBrewer Silver Member

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    I think the DL branded card is the key. Xmas 2009 (before I had the DL branded card) I looked at some gift cards and didn't pull the trigger because it didn't seem to be a good deal. Last year (after I got the DL branded card) the rates improved (though not as good as some here).
     
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  12. BamaGirl
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    BamaGirl Silver Member

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    Oops...got ya now.
     
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  13. flyingdawg
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    flyingdawg Gold Member

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    Makes sense, I think you may be on to something. DL branded AmEx = more desireable redemetion rates.
     
  14. Indiana Delta Diamond
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    Indiana Delta Diamond Silver Member

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    13,500 = $100 card.

    DM/MM, no AMEX card of any type, ever. Never used Marketplace, although I have browsed around it.
     
  15. That's definitely the key difference between DM/MM without DL AmEx (13500/100$) and DM with DL Plat AmEx (11000/100$).
    There is "confirmation" of this fact in DL advertisement in the SM Marketplace:
    , but probably only DL AmEx holders can see it[​IMG].

    I believe everybody would assume that next criteria should be the Med. status, but why DM, PM, and FO with DL Platinum AmEx have same price (11000/100$ card), which is higher than GM with DL Gold AmEx price (10500/100$)?

    I just checked those also. I have all other gift cards (besides Tiffany) at a flat base rate 5000/50$ (or 10000/100$). Tiffany card is 25500/250$.

    I'll add summary to the OP.
     
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  16. Indiana Delta Diamond
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    Indiana Delta Diamond Silver Member

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    Wondering why you, specifically, is getting screwed on this deal?
     
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  17. BamaGirl
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    BamaGirl Silver Member

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    Me too--redheaded stepchild syndrome [​IMG]?
     
  18. BamaGirl
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    BamaGirl Silver Member

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    I think I have the answer. I am an idiot. I had both my account and the SO's open. Looks like it was his account that was getting the 19K [​IMG]. He's an elite with another airline, not DL. I just opened them both and checked again. And, sure enough, I'm getting 13,500, him 19k. Doh [​IMG].
     
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  19. flyingdawg
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    flyingdawg Gold Member

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    Ouch, BamaGirl that hurts. I'm sure some good karma will come your way...
     
  20. samonyc
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    samonyc Silver Member

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    11,000 miles for the $100 card. DL GM, DL AMEX Platinum Card. Redeemed miles on the Marketplace for hotels three times in 2010 but have never used them for merchandise or gift cards.
     
  21. Travel2Food
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    Travel2Food Silver Member

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    11,000 for me. PM/Skymiles Plat Amex.

    Redemption <0.01/mile. Not great value compared to some of the saver awards (if you can find them....)
     
  22. I believe we can exclude Marketplace purchases from consideration.
    It seems like any Medallion status reduces the prise drastically (36K to 13.5K).
    After that possession of DL-branded card makes another 18.5% drop.

    Can we find somebody with the DL AmEx CC, but without DL status?
    Inno
     
  23. Indiana Delta Diamond
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    Indiana Delta Diamond Silver Member

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    You mean other than it is FREAKING CASH?
     
  24. Travel2Food
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    Travel2Food Silver Member

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    Yabut, depends on how you earn/use miles. If you're earning with OPM and the miles are ancillary (ie. you'd do the trip/product/service regardless of the miles), OR you've been able to acquire the miles for less than $0.01/mile, then it makes sense. If you're paying 3-4 cents per mile, it makes no sense, at least not for me. Especially since....

    I tend to use miles for premium-class overseas award travel. That has a higher value than the gift cards, since we are going to make the long-haul trips regardless. My miles are generally earned via OPM (business travel) or card purchases that I'd do anyway - with the occasional mileage run for status.
     
  25. DLNYC
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    DLNYC Silver Member

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    11,000. DM, DL Gold Amex, Regular Plat Amex. Redeemed miles in marketplace three times in 2010 for hotels.
     

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