NEW YORK – April 22, 2008 – American Express and Delta Air Lines (NYSE: DAL) are launching new premium co-branded credit cards for U.S.-based consumers and small businesses called the Delta Reserve Credit Card and the Delta Reserve for Business Credit Card.  These new products will offer added value, flexibility and new benefits for Cardmembers who are most loyal to Delta.

The Delta Reserve Credit Cards are designed to cater to the needs of Delta’s on-the-go customers and provides Cardmembers with a greatly enhanced travel experience through benefits such as the ability to earn Medallion® Qualification Miles (MQMs) faster, share MQMs with family and friends for the first time ever, access to the dedicated Breezeway priority boarding lane and frequent traveler security line, Delta Crown Room Clubs® access, and 24-7 concierge services.  The Delta Reserve Credit Cards are now the most elite Cards offered in the line of American Express and Delta co-branded cards.

“We are delighted to expand our partnership with Delta and to offer these premium co-branded cards that reward our most loyal customers in new and unique ways,” said David Rabkin, vice president, Delta Cobrands, American Express.  “We know that affluent customers want access to distinctive services and experiences, so we continually look for ways to meet these needs. With the launch of the new Delta Reserve Credit Cards, we can deliver on that commitment.”

“The Delta Reserve Credit Card was created to offer premium customers a best-in-class co-brand card that provides them preferential treatment when flying Delta,” said Jeff Robertson, Delta’s managing director of SkyMiles.  “Not only does this unique Card offer generous rewards, it will also provide loyal Delta customers an experience that is designed to exceed their expectations.”
 

The Delta Reserve Credit Cards offer distinct benefits and options that allow Cardmembers to:

• Achieve higher Delta SkyMiles Medallion status faster:
  • Earn MQMs as a first purchase bonus;
  • Earn 15,000 MQMs and 15,000 bonus miles when eligible spending reaches $30,000 in a calendar year;
  • Earn an additional 15,000 MQMs and 15,000 bonus miles when eligible spending reaches $60,000 in the same year.
• Give the MQMs earned from Card spending to colleagues, friends or family – for the first time ever.
• Enjoy complimentary access to Delta’s Crown Room Clubs with two guests when flying on Delta.
• Access to the dedicated Breezeway priority boarding lane and frequent traveler security line.
• Utilize American Express’ Personal Concierge Service with features such as gift buying and restaurant reservations – 24 hours a day/seven days a week.
• Receive one complimentary* companion certificate each year on the Cardmember’s anniversary, good for either First or Coach Class travel.
• Access to Pay with Miles, a new exclusive benefit for Gold and Platinum Delta SkyMiles Credit Cardmembers -- and now Delta Reserve Credit Cardmembers.  Pay with Miles offers added flexibility, allowing Cardmembers to redeem miles for any available Delta seat, any time.  Cardmembers can book flights on delta.com and use Delta SkyMiles to pay for all or part of a Delta ticket, with no blackout dates or inventory restrictions.

Terms, conditions, and restrictions apply to these benefits.  See https://www124.americanexpress.com/cards/loyalty.do?page=deltareserve&vanity=deltareserve for details.

The Cards are available for an annual fee of $450.  If a Cardmember is the Basic Cardmember of a domestic American Express consumer Charge Card account or of a domestic American Express small business charge card account that has an annual fee greater than or equal to $55, the annual fee is $395. 

Consumers will continue to earn Always Double Miles® on every eligible dollar they spend on Delta purchases, as well as at gas stations, supermarkets, drugstores, home improvement stores, and more. 

The new Delta Reserve for Business Credit Card incorporates all the above benefits of the Delta Reserve Credit Card.  However, the ability to earn Always Double Miles® on every eligible dollar spent includes the following business relevant categories:  Delta purchases, gas stations, home improvement stores, wireless phone bill payments, and office supplies. In addition, the Business Card offers programs and services tailored specifically to the needs of small business owners.  In addition, the Business Card provides expense management reporting, an online spend tracking system and spending limits on additional cards that aid in better managing employee spending.

American Express and Delta Strengthen a Growing Relationship
American Express and Delta have had a long-term relationship.  Delta became one of the first participants in the Membership Miles® Program from American Express in 1991, since renamed the Membership Rewards® Program. In 1996, Delta and American Express joined forces to present the co-branded Delta SkyMiles® Credit Card, providing consumers another way to earn free Delta flights. Now, a full line of valuable Card products is available -- from rewards Cards with no annual fee, to Platinum level Cards, to Cards for small businesses.

About American Express
American Express Company (http://www.americanexpress.com/) is a leading global payments, network and travel company founded in 1850.

About Delta
Delta Air Lines operates service to more worldwide destinations than any airline with Delta and Delta Connection flights to 306 destinations in 58 countries. Delta has added more international capacity than any major U.S. airline during the last two years and is the leader across the Atlantic with flights to 37 trans-Atlantic markets. To Latin America and the Caribbean, Delta offers more than 517 weekly flights to 57 destinations. Delta's marketing alliances also allow customers to earn and redeem SkyMiles on nearly 16,409 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Including its SkyTeam and worldwide codeshare partners, Delta offers flights to 841 worldwide destinations in 162 countries. Customers can check in for flights, print boarding passes and check flight status at delta.com.

*Additional taxes/fees/restrictions apply. See below for additional details.

*Taxes/Fees/Restrictions: Companion certificate valid for one round-trip First-Class or
Coach-Class companion ticket with the purchase of certain adult round-trip fares on published routings within the 48 contiguous United States. Residents of Hawaii and Alaska must originate from there to the 48 contiguous United States. Companion Tickets do not include a $3.50 Federal Excise Tax, Passenger Facility Charge(s) of up to $4.50 for each flight segment, or the September 11th Security Fee of up to $2.50 for each flight segment. For residents of Alaska/Hawaii, for travel to/from Alaska/Hawaii, U.S. International Air Transportation tax of up to $15.40 round-trip applies. Reservations are available only from a travel agent, Delta Reservations, or a Delta City ticket office or airport ticketing location. Companion Tickets cost $20 more if issued at Delta Reservations, or a Delta City ticket office or airport ticketing location. Taxes and fees are subject to change, are the responsibility of the passenger, and must be paid at the time the primary ticket is purchased and the companion ticket is issued. All fare rules, restrictions, advance purchase requirements, and availability are per rule of primary ticket fare purchased. Seats available at most fares are limited and may not be available on all flights. Companion tickets are not transferable once issued. Primary Ticket and Companion Ticket must be purchased with your Delta Reserve Credit Card. Both passengers must be booked on the same flights and dates, at the same time. Companion Certificate valid for 1 year from certificate issue date; and validity is not based on the calendar year. All travel must be completed one year from certificate issue date. Certificate terms and conditions may vary each year of Cardmembership. Additional restrictions apply. See Companion Certificate for details.

10,000 Delta Medallion® Qualification Miles will be awarded after your first purchase on the
Delta Reserve Credit Card. Please allow 8 to 12 weeks after your first purchase for the bonus miles to appear in your Delta SkyMiles account. If you already have or had any other Delta SkyMiles® Credit Card from American Express Account(s), you are eligible to receive only the incremental difference between the Welcome Bonus miles offered herein and the amount offered with such other Account(s). You may be permitted to have more than one Delta SkyMiles Credit Card account; however, you are eligible to receive bonus miles for only one Card account. Additional Cardmembers are not eligible.

The close of the calendar year is December 31, without regard to the time of the year that the account is opened. If in any calendar year your Eligible Spending on your Delta Reserve Card is $30,000 or more, you will be awarded 15,000 bonus miles and 15,000 Medallion Qualification Miles (MQMs). The 15,000 MQMs are not redeemable and only count toward Medallion status. The MQMs are yours to keep or gift to someone else, and if in that same calendar year your Eligible Spending on your Delta Reserve Card is $60,000 or more, you will be awarded 15,000 bonus miles and 15,000 MQMs. The MQMs are yours to keep or gift to someone else. MQM gift recipients must have a valid SkyMiles account. If, within 90 days, you do not elect to designate an MQM recipient, the MQMs will be deposited in your SkyMiles account. You may be permitted to have more than one Options, Classic, Gold, Platinum, or Delta Reserve Card from American Express account; however, you are only eligible to receive one annual bonus for each type (i.e., Options, Classic, Gold, Platinum, or Delta Reserve) of Delta SkyMiles Credit Card account from American Express.

Pay with Miles benefit is limited to Gold and Platinum Delta SkyMiles Credit Cardmembers and Delta Reserve Credit Cardmembers, as well as to Gold and Platinum Delta SkyMiles® Business
Credit Cardmembers and Delta Reserve for Business Credit Cardmembers. Eligible only on Delta and Delta Connection® carrier flights booked at delta.com under the DL code. Minimum 10,000 miles for redemption. Pay with Miles tickets are not eligible for mileage accrual or Medallion Complimentary Upgrades. Refundable fares paid for fully or partially with SkyMiles
will be refunded in accordance with the Pay with Miles terms and conditions. For terms,
conditions, and restrictions, visit delta.com/paywithmiles.

All SkyMiles program rules apply to SkyMiles program membership, miles, offers, mile accrual, mile redemption, and travel benefits. To review the rules, please visit delta.com/memberguide. Offers void where prohibited by law. Offers subject to change without notice. Other restrictions may apply.