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The Delta Platinum American Express Skymiles card has become worth a great deal less in the past year. It is still possible to earn up to 20,000 MQM's per year if you charge $50,000.00 on the card per year. The MQM's help maintain elite status. But the redeemable miles which are earned at a rate of $1 equals one mile is not very good. AMEX use to offer 2 miles per dollar on many catagories. Now only Delta purchases equal two miles per dollar.
The biggest problem is that Delta has changed it's award chart. They have devalued the worth of a mile by requiring more miles for the same trip. A round trip from anywhere in the USA to Europe in bussiness class now requires at least 100,000 miles. That is up from 90,000 miles last year. However it's very difficult to find a seat for 100,000 miles. If you are willing to spend 200,000 miles (mid tier) you can generally find a seat.
So you need to charge around $200,000 for one free ticket. That is not a good deal and dooesn't justify the big annual fee. Use this card only if you need the MQM's.