It’s a pin-based debit card, so you can use it to pay taxes online with a fixed transaction fee (less than $3 per payment) while earning one mile per dollar. That’s a much better deal than paying ~ 2% for credit card payments.
Folks have also used it to buy and then deposit money orders — earning 1000 miles per transaction for less than $1 (money order fee).
This is a deal that has made no sense whatsoever, in terms of why in the world Suntrust has been offering it. Debit transactions are simply no longer a profit center because the transaction fees are capped. It doesn’t make sense to reward or incentivize debit transactions any longer. That’s why we’ve seen banks getting out of the business of debit card rewards.
And a card offering a full mile per dollar like this one has? it’s poor economic decision-making.
Along the theme of things that are too good to be true not lasting?
The card appears to be no longer open to new applications.
The Suntrust Delta debit card no longer appears under debit cards.
The direct page is gone.
And searching the word ‘Delta’ returns no results on the entire Suntrust website.
I still have my card, and I haven’t received any notice from Suntrust about its termination. My guess is that existing cardmembers won’t be grandathered forever, though. Hopefully, having just paid my $75 annual fee, I’ll be able to keep it for the entire year.
Update: Read the comments for ways that some readers are still having success signing up for the card. The window is likely quite narrow.