American Express Delta Cardholders: Fly Now, Pay Later (Borrow Miles For Six Months Based On Spend)

Looks like American Express has launched a new program for Delta cardholders called Fly Now, Earn Later. This allows American Express Delta cardholders to borrow miles and then earn them back over a period of six months. The amount of miles you can borrow is tied to your spending patterns. If at the end of the six month period you have any remaining miles still owing you pay 2.5¢ per mile.

Really like the idea behind this and while 2.5¢ a mile is expensive it’s not outrageously so. I know some people do put regular spend on the Delta cards as well for the MQM’s. I hope this comes to other American Express cards with different reward currencies as well (e.g SPG & MR would be very useful).

Hat tip to reader puns4life