Delta Air Lines just announced it will waive its fee on the first piece of checked luggage for Delta American Express cardholders beginning June 1, 2010. This benefit extends to cardmembers with an Amex Gold, Platinum or Delta Reserve SkyMiles credit card.

Delta will waive the $25 checked baggage fee on the first piece of checked luggage for up to nine people on the same reservation, but is not applicable to oversized or overweight bags. As Delta points out, that equates to savings of up to $50 on a round-trip ticket or $200 for a family of four. Cardholders will automatically receive the baggage fee waiver at Delta upon check-in for all Delta and Delta Connection flights.

PenFed today announced it has teamed with American Express to issue a new American Express-branded credit card, becoming the first credit union in the country to do so. The PenFed Premium Travel Rewards American Express Card will earn 5 points per $1 on all airfare purchases and 1 point per dollar on all other purchases. Until December 31, 2010, dining and hotel purchases will also earn 3 points per dollar spent. In addition, you’ll earn 20,000 bonus rewards points for spending $650 on the card within the first 90 days of membership. Rewards include travel, merchandise, and more. For instance, 10,000 points can be redeemed for a $100 gift card (a value of 1 cent per point).
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