It's $450/year with a 50k signup bonus (was 100k when it first came out). You get a $300/year travel credit (so really $150/year cost) and it gives you 3% in points back for travel purchases. Their portal you can either redeem at 1.7 cents per point or transfer to a bunch of partners (united, southwest etc). Delta is not a partner of theirs however you can do a roundabout redemption sometimes through other partners if you want to. They also have wide purchase protection and free global entry for the card holder.