Recent Delta, AMEX Changes: A Reminder to Maintain Flexibility, Diversity in Your Points and Miles

Frank McBride • September 29, 2023

Change Happens!! But, You Can Prepare

There has been a lot of news in the past couple of weeks about changes in the Delta SkyMiles loyalty program and the co-branded Delta Amex credit cards. I am not going to revisit the changes here as others have already covered them in detail. Reaction to these changes has been quite negative. In fact, reaction has been so negative that, earlier this week, Delta CEO Ed Bastian acknowledged that “No question, we probably went too far.” But this was not an apology and there was no real suggestion that the changes would not stick. As Bastian put it, “Our team kind of wanted to rip the band aid off.” In other words, Delta wanted to put out lots of unwelcome news quickly. This would suggest that, even if some changes are reversed or postponed, it is still clear where Delta SkyMiles is headed.


The recent changes in SkyMiles, other loyalty programs, and travel rewards credit cards could give one whiplash. However, Travel Rewards Optimizer (TRO) plans are designed to help you address the inevitable changes in these programs in the same way that a well-designed investment portfolio allows you to ride out the turbulence of financial markets.


First, a feature of your custom TRO plan is that we can send you alerts about changes in loyalty programs or credit card policies that might affect you, positively or negatively, for one full year.


Second, the TRO plans are designed to provide an opportunity to diversify your points and miles so that you can choose which ones to use for the best redemptions when you are ready to plan travel. I get nervous when I hear about someone who has most of their points or miles in one “currency.” Their impressive total might make them feel “rich” in miles but, the simple truth is that your points and miles are only a number until they are turned into travel purchases. Diversification of the miles and points in your travel rewards “portfolio” makes you less vulnerable to changes in loyalty programs.


Third, TRO plans often emphasize the flexible points offered by several of the major card issuers like Chase, Citi, and American Express. At a minimum, these points can be used like cash for statement credits. But, they can become far more valuable when transferred to (some) airline and hotel loyalty programs. As an example, Ms. Optimizer and I only have a few thousand miles in our Delta SkyMiles accounts, but we have healthy balances of American Express Membership Rewards (MR) points. We can quickly turn those MR points into Delta miles (most transfers to domestic airlines are almost instantaneous). But, if Delta is not offering any suitable miles redemptions that give us good value, we have the option of transferring them to more than a dozen other airlines.


As in many aspects of life, change is inevitable and the miles and points game is no different. However, travel rewards continue to offer some of the greatest returns on routine credit card spending. With a custom Travel Rewards Optimizer plan based on your travel goals and preferences, you can spend your time enjoying travel while we worry about the shifting landscape of points and miles.


We are ready to help you turn your routine credit card spending into the travel of your dreams.






By Frank McBride September 4, 2026
In case you missed them, here is your "one-stop shopping" for posts from the past week. For some, recent changes with the Resy restaurant reservation platform might limit dining options when using the credit. Learn more here . Perhaps your next US domestic award flight should be booked through . . . Air France. Check out why . The Amex Platinum card might have the highest annual fee for mass marketed cards. Find out if the benefits are worth it for my household here . Hope you have a great Labor Day weekend!! We are ready to help you turn your routine credit card spending into the travel of your dreams.
By Frank McBride September 3, 2026
A walk through one household's use of the Amex Platinum card
By Frank McBride August 28, 2026
For some domestic flights, Air France might save transferable miles
By Frank McBride August 27, 2026
Recent changes in the Resy reservations platform might limit use of the Amex dining credit
By Frank McBride June 25, 2026
Changes are a mixed bag but Hyatt regulars won't be happy
By Frank McBride June 5, 2026
Some good news in points and miles (and one warning)
By Frank McBride May 29, 2026
A change in favor of airline passengers (for a change)
By Frank McBride May 19, 2026
The Autograph Journey's transfer partner list grows slowly but steadily
By Frank McBride April 29, 2026
Points and miles free up the travel budget for pilsner, paprika, and pastizzi*
By Frank McBride April 23, 2026
As the summer travel season approaches, this is a friendly reminder to avoid "dynamic currency conversion" (DCC) when making credit card purchases outside of your home country. DCC gives you the option of selecting a payment amount in your home currency rather than in the local currency. Typically, when presented with a credit card reader at a shop or restaurant, the touch screen will show purchase amounts in the local currency and in US dollars (for those with American credit cards) and you have the opportunity to choose. I have been seeing these “offers” for several years now and have learned, after doing a little mental math, they are almost always a bad deal for the purchaser. When presented with a credit card reader, I always choose to pay the amount shown in local currency rather than the amount shown in US dollars. During a recent trip, I was making purchases in Euros, Hungarian Forints, and Czech Korunas. From what I could tell, the option of paying in dollars inflated the cost of the purchases around an average of five percent (5%). Once, a card reader screen acknowledged that making the purchase in dollars added an eight percent (8%) fee. Even a credit card with a foreign transaction fee (which you should avoid using when traveling abroad) would have added only three percent (3%) to the tab. Currency games aside, Visa and MasterCard offer reasonable exchange rates when you choose to pay in the local currency. Upon returning home, our credit card statements showed exchange rates that were quite close to market rates. It is reasonable and fair for the credit card issuers make a fraction of a percent here and there as they are performing a service and accepting currency risk (although very briefly). But, claiming to offer a “preferential” rate to pad their bottom line is disingenuous. Because exchange rates are reasonable, using credit cards while traveling abroad is still worthwhile for a points and miles program as long as you avoid cards with foreign transaction fees. Travel oriented cards can offer 2X and 3X spending bonuses for transportation and restaurants to give you a leg up on saving money and accumulating points or miles for your next vacation.