The Miles & More World Elite MasterCard® is a great choice for folks travelling frequently with airlines in the Miles & More group. Most notably, this would include Lufthansa, but also Austrian Airlines, LOT Polish Airlines and SWISS, to name the few. Those signing up for the card will get 35,000 miles to start with, along with the ability to earn extra miles for every dollar spent with the card. There are no foreign transaction fees, but you will need to pay $89 in order to get the Miles & More World Elite MasterCard® (except if you are a Senator and HON Circle member). Here are the details…
- Sign-up bonus of 35,000 miles.
- Earn 2x miles on ticket purchases directly from Miles & More integrated airline partners, and 1x mile on everything else.
- Redeem miles for flight awards and upgrades on Lufthansa and its partners.
- Annual companion ticket
- Two complimentary Lufthansa Business Lounge Vouchers annually
- 0% intro APR on balance transfers made within 45 days of account opening, then 16.24% or 25.24% variable APR.
- No foreign transaction fees
- $89 annual fee, waived for Senator and HON Circle members.
How It Works?
Earn miles: Get 2 award miles per dollar spent on ticket purchases directly from Miles & More Star Alliance airline partners, including Adria Airways, Air Dolomiti, Austrian Airlines Group, Brussels Airlines, Croatia Airlines, LOT Polish Airlines, Lufthansa, Lufthansa Regional, Lufthansa Private Jet, Luxair and SWISS. Also, get 1 award mile per dollar spent on all other purchases. Once earned, miles can be redeemed for free flights and upgrades on Lufthansa and its partners.
Sign-up bonus: 35,000 award miles after spending $1,000 in the first 90 days of account opening.
Annual bonus: Get Annual Companion Ticket after first purchase with the card and every year thereafter.
Extra travel perks: These include things like:
- Lounge access – two complimentary Lufthansa Business Lounge Vouchers annually
- Baggage delay insurance – reimburses you when baggage checked on a common carrier is delayed.
- MasterCard Travel assistance services – available 24/7, throughout the year.
- Trip cancellation and interruption and commentary coverage – protects against forfeited, non-refundable payments and deposits if a trip is cancelled or interrupted for covered reasons.
APR: It is 0% on balance transfers for the first 15 months for each transfer made within 45 days of account opening, then a variable APR of 16.24% or 25.24% will apply, based on your creditworthiness. The same rate (16.24% or 25.24%), without an introductory period of 0% APR, applies to purchases.
Annual fee: It’s $89, except for Senator and HON Circle Members who get the card for free.
Costs
- 0% Intro APR for first 15 months for balance transfers made within 45 days of account opening, then 16.24% or 25.24% Variable
- 16.24% or 25.24% Variable APR on Purchases
- 3% Balance Transfer Fee (minimum $5)
- 0% Foreign Transaction Fee
- $89 Annual Fee, waived for Senator and HON Circle Members.
At BarclayCard’s secure website
Pros
- Valuable sign-up bonus – you get enough points to fly for free, and that’s just for signing-up!
- Introductory APR on balance transfer – if you have a card with higher APR, you can move it to this one to save on interest.
- Annual bonus – this feature alone will repay the cost of the card every single year.
Cons
- No introductory APR on purchases – although it is seldom included with travel cards, we would like to see it being added alongside the same rate on balance transfers.
- Potentially high APR – if you don’t have the excellent credit rating, you could end-up paying a ton on any balance you may carry. So make sure to pay everything you owe in full and on time.
Is This The Card For You?
If you often fly Lufthansa or one of its partners, the answer is YES. We advise our readers to use multiple credit cards, and in addition to the general purpose travel card to also own a card of their favorite airline(s). This way, they can get a number of goodies free of charge. Actually, they will have to pay that annual fee, but it’s well worth the money with annual companion ticket easily repaying it.