The Delta SkyMiles Reserve Business American Express Card is offering 200,000 bonus miles after $20,000 in purchases in your first 6 months, through November 4, 2026. At 1.2 cents a mile, the bonus on this $650 card is worth about $2,400 in Delta flights, the largest bonus on any of Delta’s three business cards.
The catch is the spend. $20,000 in six months works out to $3,333 a month, so this offer suits a business with real expenses to run through it.
The deal
- Card: Delta SkyMiles Reserve Business American Express Card, a Delta airline credit card listed on Delta’s business card page
- Offer: 200,000 bonus miles after $20,000 in eligible purchases in the first 6 months
- Annual fee: $650, charged in year one
- Deadline: apply by November 4, 2026
- Lounges: 15 Delta Sky Club visits each Medallion Year when you fly Delta, unlimited after $75,000 of card spending in a calendar year
- Yearly perk: a round-trip Companion Certificate in Delta First, Delta Comfort or Delta Main after each renewal
- Credits: up to $610 a year across rideshare ($120), Delta Stays ($250) and Resy ($240)
Key terms
- Timing of the miles: Amex’s offer terms say, “Miles will be credited to your account 8-12 weeks after you reach the Threshold Amount.” Plan a booking for early 2027, not Thanksgiving.
- Who’s excluded: American Express says you aren’t eligible if you have or have had this card or an earlier version of it. Amex also weighs how many cards you’ve opened and closed, and it tells you before it processes the application.
- What counts: purchases by you and any employee cards on the account count toward the $20,000. Fees, interest and cash advances don’t.
- Lounge rules: once the 15 visits are used, Delta’s Sky Club access page charges Reserve cardholders $50 per person per visit. One visit covers up to 24 hours from your first club entry.
- Companion fees: the certificate requires taxes and fees of $22 to $250 per round trip, and it covers domestic, Caribbean and Central American routes only.
- Other Delta business cards: Amex’s limited-time offer page shows the same November 4 end date across the Delta range. The Platinum Business pays 100,000 miles after $8,000 ($350 fee), and the Gold Business pays 90,000 miles after $6,000 ($0 the first year, then $150).
The spending math
Here’s the bonus against the spend each Delta business card asks for, from Delta’s card page:
| Card | Bonus | Required spend | Bonus miles per $1 of required spend | Annual fee |
|---|---|---|---|---|
| Gold Business | 90,000 miles | $6,000 | 15 miles | $0 first year, then $150 |
| Platinum Business | 100,000 miles | $8,000 | 12.5 miles | $350 |
| Reserve Business | 200,000 miles | $20,000 | 10 miles | $650 |
The Reserve Business pays the most miles but the fewest per dollar of required spend. Moving from the Platinum Business to the Reserve Business adds 100,000 miles for $12,000 more spending and $300 more in fees.
The spend also earns its own miles. Most purchases earn 1 mile per dollar, so $20,000 adds at least 20,000 miles, for 220,000 miles in total. Delta purchases earn 3 miles per dollar, so routing flight bookings through the card pushes the total higher.
There’s a status angle too. The card gives every cardholder $2,500 Medallion Qualification Dollars (MQDs) each year, plus $1 MQD for every $10 you spend, per Delta’s Medallion qualification page. Over a full year, $20,000 of spend adds $2,000 MQDs to the $2,500, for $4,500 in total. Silver Medallion needs $5,000 MQDs, so about $500 of Delta fares in the same year would close the gap to elite status.
Our take
We’d apply if your business already spends $3,333 a month on a card and you fly Delta at least twice a year. The math is simple: 220,000 miles at 1.2 cents each (the figure Upgraded Points uses) is about $2,640. Subtract the $650 fee and you’re about $1,990 ahead in year one, before any lounge visits or credits. Even at 1 cent a mile, the low end of the airline range in our points valuation guide, you net about $1,550.
Your real cost is what the same $20,000 would earn elsewhere. $20,000 on a 2% cash back card returns $400. A flexible card such as the Chase Ink Business Preferred earns bank points you move to many airlines, and SkyMiles only buy Delta and its partners. If you rarely fly Delta, a smaller bonus in flexible points beats a larger one in a single airline’s miles.
Skip it if the $20,000 means paying taxes with a card fee, buying things you don’t need, or carrying a balance. At a 25% APR, carrying $20,000 for three months costs about $1,250 in interest, more than half the bonus’s value. Skip it too if you hold or held this card, since the terms rule you out.
In year two, the card has to pay its own $650. The Companion Certificate, 15 Sky Club visits and the credits get a frequent Delta flyer there, and our post on the personal Delta Reserve offer walks through the certificate’s value. For a business wanting miles without a single airline tie, see the business credit cards we cover and our best travel credit cards guide. Delta also discounts its own awards 15% for cardholders, which helps on sales such as the 25,400-mile Australia award.
FAQ
How many miles does the Delta Reserve Business card offer right now?
200,000 bonus miles after $20,000 in eligible purchases in the first 6 months. The offer ends November 4, 2026.
What is the annual fee on the Delta Reserve Business card?
$650 a year, with no first-year waiver.
When do the bonus miles post?
Amex credits them 8 to 12 weeks after you reach $20,000 in purchases, sometimes in more than one deposit.
Does the Delta Reserve Business card get me into Sky Clubs?
Yes. You get 15 visits each Medallion Year when you fly Delta, and unlimited visits after $75,000 of card spending in a calendar year. Extra visits cost $50 per person.
Can I get the bonus if I had this card before?
No. Amex says you aren’t eligible if you have or have had this card or an earlier version of it.
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