The Premier Miles & More® World MasterCard® in the US may certainly not be as popular as the American Airlines card, but it does serve its purpose as a frequent flyer credit card for those who often fly to Germany or other parts of Europe with Lufthansa from the US. Issued by Barclays Bank (NYSE:BCS), Premier Miles & More® World MasterCard® now offers up to 35,000 bonus miles for new cardmembers. Not only does this MasterCard (NYSE:MA) offer a rewards system based on miles earned, it also rewards you when you make your first purchase with this card, gives you a companion ticket each year, and even lets you enjoy a 0% introductory APR on balance transfers and purchases for a certain period of time.
Below I’ve done a detailed review of the Premier Miles & More® World MasterCard®, so that you can decide if it’s the best airline rewards credit card for you.
Things We Like About This Card
Earn 20,000 miles when you make your first purchase or balance transfer with this card. This is a good promotion that’s only for new cardmembers.
Earn up to 15,000 award miles with a balance transfer within 30 days of account opening. Receive up to 15,000 award miles with balance transfers (1 mile per $1 transferred) made within 30 days of account opening. This offer, along with the one previously mentioned total 35,000 award miles after the first 3 months!
Enjoy 0% introductory APR on balance transfers and purchases for the first 12 months. If you have a large balance and want to pay it off within 12 months interest-free, or want to make a big-ticket item purchase, this benefit will be most useful to you. After that, your variable APR will be 15.99% or 24.99% depending on your credit score.
Earn 2 miles for each $1 you spend on air ticket purchases made directly from Miles & More integrated airline partners. The airline partners include Adria Airways, AirDolomiti, Austrian Airlines Group, Brussels Airlines, Croatia Airlines, LOT Polish Airlines, Lufthansa, Lufthansa Regional, Lufthansa Private Jet, Luxair and SWISS. So if you often fly with any of these airlines, you will chalk up air miles pretty fast.
Earn 1 mile for every $1 you spend on other purchases with your card. This card rewards you with miles for each dollar you spend, regardless of what you’re purchasing. Take note that cash advances, convenience checks, balance transfers, credit card fees and finance charges won’t earn you any miles.
Receive a companion ticket each year. Every year you will receive a free economy class ticket for a companion after you make your first purchase that year.
Redeem miles for domestic or international flights, hotel, car rentals, shopping vouchers and more. Your miles can be redeemed for flight rewards and upgrades. A quick check on their award mileage page shows that you can redeem a one-way ticket from New York JFK to Los Angeles LAX for 12,000 miles.
Miles don’t expire as long as you make at least one qualifying purchase each month. This shouldn’t be hard for you if you’re planning on using this card to make some of your daily purchases.
No foreign transaction fee. This card has no foreign transaction fee, so if you make lots of purchases in a foreign currency, that could help you save extra money.
Our Least Favorite Things About This Card
$79 annual fee. Although this is a low annual fee, you must pay it every year for your card to be active. This fee is waived for SEN and HON Circle Members.
You must make at least 1 qualifying purchase each month for your miles not to expire. If you don’t make at least one purchase with this Premier Miles & More® World MasterCard® from Lufthansa every month, your miles can expire.
Lufthansa Premier Miles & More World MasterCard will suit those of you who fly frequently with Lufthansa and wish to earn double miles on Miles & More partner airlines. With this card, you will receive up to 35,000 award miles when making your first purchase or transferring a balance. And when transferring a balance within the first 30 days you can earn up to 15,000 award miles (1 mile per $1 transferred), as well as many more miles when making your day-to-day purchases. You will also receive a free companion ticket each year and enjoy 0% intro APR on purchases and balance transfers for 12 whole months. Although this Premier Miles & More® World MasterCard® has an annual fee of $79, you will receive many miles throughout the year that will make the fee worth it.
Remember that you must make a purchase every month for your miles not to expire, so if you’re not planning on using it to make your daily purchases but would want to get its benefits, I recommend that you at least use it to pay for your morning coffee or lunch once a month so that your accumulated miles don’t expire.
Click here to go to the official Barclays website to apply online for the Premier Miles & More® World MasterCard®.