Update: The offer is now 20k miles after first purchase.
Looks like Barclay’s Bank is the most recent credit card issuer to toss out a new 50,000 mile sign-up bonus – this time for the Lufthansa Premier Miles & More World MasterCard. I’m loving these big offers and wanted to make sure you knew the basics of this one – especially since the value isn’t necessarily intuitive for those of us in the US who don’t typically fly on Lufthansa.
Application Link: Premier Miles & More World MasterCard®
There is also a link outlined in post #3 of this Flyertalk thread to a similar offer that only has a $2,500 spending requirement. The biggest downside to that offer (other than the lack of a landing page if that matters to you), is that the terms indicate that you may be approved for a lesser card with a lesser sign-up bonus of just 5,000 miles – which is a real risk with Barclay’s. The official $5,000 offer does not have that reduced sign-up bonus caveat in the terms, so you need to decide which one makes more sense for you.
Just like how the British Airways Visa is actually really useful for those who fly American Airlines domestically, this Lufthansa card can be pretty valuable for those who want to fly in the US on Star Alliance partners United or US Airways. The price for a domestic round trip ticket in the US (other than Hawaii) is 25,000 miles for economy or just 35,000 for business class – which equates to domestic first on United (but not on US Airways due to how they code their first class). This is a tremendous deal since it normally would cost 50,000 United miles for that same ticket. Once you spend the $5K to hit the spending bonus, you will have 55,000 miles, which is enough for a round trip ticket in first class within the US on United. In addition, you will still have enough left over for another one-way in first or you are just 5,000 miles short of a round trip coach ticket within the US.
Of course many of us don’t care that much about a premium cabin, so you could also just use the 50,000 miles for two round trip economy tickets on United or US Airways within the US (minus Hawaii). That is a very good deal for a card that comes with just a $79 annual fee! Another option is to use your Lufthansa miles for Lufthansa flights, but there are fuel surcharges if you go that route. However, they do offer a 25% discount on the number of miles required for an award ticket for children ages 2-11 on flights operated by Adria Airways, Austrian Airlines Group, Air Dolomiti, Brussels Airlines, Croatia Airlines, LOT Polish Airlines, Lufthansa, Luxair and SWISS. Truthfully, if I got the card my focus would be to use the miles for domestic flights within the US on United.
I will also add that Lufthansa Miles typically expire after three years. That can be avoided by using the credit card every single month, but that sounds too complicated for me personally, so the better strategy is to plan to use the miles in the first three years (preferably sooner since I don’t trust award charts to remain constant for several years). You also must call in to book your award on United or US Airways.
This card isn’t perfect for everyone, but it is a pretty darn good offer if you redeem the miles strategically. It also is from Barclays instead of Chase, Amex, and Citi, so that is a positive if you are trying to avoid having too many applications or accounts with those banks.
Disclosure: I do receive a commission if you are approved for a credit card using one of my affiliate links. The British Airways card and the Lufthansa Premier Miles & More World MasterCard with the $5,000 offer are both my links. As always, thanks for your support!