Barclaycard's Miles & More Premier World MasterCard currently has a limited offer where you can earn 50,000 bonus sign-up miles. We last saw this offer 6 months ago and jumped at the opportunity then, so if you're thinking of getting one, now is the time to apply.
After your first purchase and payment of the $79 annual fee, you earn 20,000 miles – which is the usual sign-up bonus. However, with the current offer, you also earn another 30,000 miles after a $5,000 spend in purchases in the first 90 days. While this minimum spend is fairly high, the card is definitely worth it, and here's why:
You can redeem miles for flight awards and upgrades on Lufthansa, Austrian Airlines, Brussels Airlines, SWISS, Star Alliance member airlines and on other partners. As we reviewed earlier this year, the best way to redeem Lufthansa miles is for United flights in premium cabins. After making the $5,000 minimum spend you'll have a total of 55,000 points. With Lufthansa, that's more than enough to get you three one-way segments with United's lie-flat Premium Service.
It's actually 30% cheaper to redeem with Miles & More than with United and there's no fuel surcharges and very low taxes ($2.50 per segment) to pay. Plus booking two one-way trips instead of a return can actually save you even more miles.
You could use your 55,000 miles for a round-trip to Hawaii or Europe, but there are better ways to utilize them. One of our favorite redemptions is the one-way business class ticket from Los Angeles or San Francisco to New York – lie-flat for 17,000 miles and no fuel surcharges!
Miles & More Premier World MasterCard cardmember benefits:
– Earn 20,000 bonus miles after your first purchase
– Earn 30,000 bonus miles after a $5,000 spend in purchases in the first 90 days of account opening
– Earn 2 award miles per dollar spent on ticket purchases from Miles & More integrated airline partners
– Earn 1 award mile per dollar on other MasterCard purchases
– 0% introductory APR for 15 months on balance transfers if made within 45 days of account opening (then 15.99% or 24.99% variable)
– No foreign transaction fees
– Travel benefits including baggage delay and trip cancellation
– Annual companion ticket
– Redeem miles for flight awards and upgrades on Lufthansa, Austrian Airlines, Brussels Airlines, SWISS, Star Alliance airlines and other partners
– Free online FICO score access
The $79 annual fee is waived for Senator and HON Circle members.
With the current increased sign-up bonus, this great Barclays product is definitely one to get, especially if you can take advantage of a cross-country business class lie-flat miles bargain from LAX or SFO to JFK or vice-versa.
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About the author: Torsten is a serial entrepreneur who started almost a dozen ventures on four continents. Torsten's love for travel has brought him to 130+ countries and travel with most of the world's airlines. You can reach Torsten at [email protected]
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