At an absolute minimum, 50,000 SkyMiles should provide you with $500 in travel on Delta. As a Delta SkyMiles credit card holder you're eligible for Delta's Pay with Miles option that provides at best case a value of one penny per mile — please don't consider any redemption where you're receiving less than this value.
If you consistently get 2+ cents per mile on Delta award flights, a 60,000 mile sign-up bonus is worth at least $1,200!
You could also book a round-trip economy flight for 70,000 Delta SkyMiles.
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Examples of transpacific flights on Delta include:
Each Delta mile is worth 1 cent, and the tickets are treated as cash tickets, so you'll earn miles and elite status credit when you fly. You can redeem your Delta miles in increments of 5,000 miles, and partial payments are allowed. So 5,000 miles = $50, 10,000 miles = $100, etc.
Delta's SkyMiles charts say the minimum number of miles required for a free U.S. trip is 25,000. Mile requirements have been lowered on certain flights in both business and first class. One-way award tickets will start as low as 12,500 miles plus taxes and fees.
At a valuation of 1.3 cents per mile, the 80,000 mile one-way business class award from Los Angeles to Sydney would cost you ~$1,000, which is a heck of a value. Business class between the US and Europe on Virgin Atlantic would cost you ~$800. Those are, of course, just two examples.
Now, SkyMiles members can “cash out” their miles for Delta gift cards. Below are the miles needed to redeem for a gift card. Unfortunately, there's only five different redemption levels, so you'll need a certain number of miles to redeem.
As a SkyMiles Member, you'll earn 5 miles for every dollar spent on Delta flights*. So when you pay a higher price, you're rewarded with more miles — up to 75,000 miles per ticket.
But it can vary widely. For example, 40,000 AAdvantage miles are worth roughly $456 in American Airlines airfare. With United, 40k miles get you $416 in flights. And 40k Delta miles are worth $532.
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