ONE, receive 20,000 miles after your first use or balance transfer and TWO, receive an additional 30,000 miles if you spend $5000 on the card during the first 90 days of the account being opened.
Here are additional benefits to the card:
* Earn 20,000 award miles after your first purchase or balance transfer.
* Earn an additional 30,000 award miles when you spend $5,000 in purchases within the first 90 days of account opening.
* Earn 2 award miles per $1 on ticket purchases directly from Miles & More integrated airline partners and 1 mile per $1 on all other purchases.
* Cardholders receive a companion ticket after first use of the account and annually after each account anniversary.
*No foreign transaction fees on purchases made outside the U.S.
*Redeem miles for flight awards and upgrades on Lufthansa, Austrian Airlines, Brussels Airlines, SWISS, Star Alliance member airlines and other partners.
*$79 Annual Fee. Please see Terms and Conditions for complete details. Waived for Miles & More HON Circle and Senator members.
In my opinion this is a very strong opportunity to leverage miles for travel on Lufthansa or one of the other Miles & More member airlines. With 50,000 miles it’s nearly enough for a one way Business Class ticket between the US and Europe (55,000 miles).
However, each month Miles & More offers it’s Meilenschnaeppchen deals where you can book roundtrip Business Class tickets for only 55,000 miles ROUNDTRIP!
Additionally, miles can be used to book economy class tickets at the following rates (round trip):
Within the USA: 25,000 Miles.
Within North American: 30,000 Miles.
To Europe: 50,000 Miles.
To South America: 60,000 Miles.
To Asia or Australia: 80,000 Miles.
I normally don’t tout the various credit offers very often, and only do so when I would personally take advantage of an offer. In this case I think it is a fairly good idea to take advantage of this opportunity. They typically do not happen often. This particular offer is set to expire on June 30.
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