Gary at View from the Wing posts a link to a great offer for Delta Skymiles users.
Transfer American Express Membership Rewards points to Delta Skymiles and get a 50% Mileage Bonus. Plus, if you transfer more than 50,000, you will also get 25,000 Delta MQMs.
This offer is only available to first time transfers and expires May 31, 2011.
I did this exact deal last month to qualify for Delta Platinum status by applying for the American Express Platinum Card. Yes, the annual fee of $450 is hefty but it did come with lounge access and when you do the transfer, you get 75,000 Skymiles plus 25,000 MQMs. It was a great deal for me.
You can even “borrow” the 50,000 Membership Rewards sign up bonus from American Express to immediately get the Delta Skymiles, MQMs, and immediate Silver status until February 2013 while you hit your spend mark.
Step by step instructions from Frugal Travel Guy:
FIRST! FIRST! FIRST!
Next sign up for the promotion and make sure it shows in your DELTA account here:
Then yes get the card
Then link your DELTA account to MR. MR let’s you “advance” 50k right away btw. So, send over the 50k, net out 75k + get 25k MQM on top of that. Then spend $1000 and earn the 50k bonus (to pay back the 50k you advanced!)