Miles & More® World Elite Mastercard review
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Miles & More® World Elite Mastercard overview
If you travel to Europe at least once a year or would like to start, the Miles & More World Elite Mastercard comes packed with perks and benefits to help you get there. Most notably, after making your first purchase with the card, you’ll qualify for a companion pass and receive one every year on your card anniversary.
A deeper look into the current card offer
- Rewards rate: Earn 2 award miles per $1 spent on ticket purchases directly from Miles & More integrated airline partners Earn 1 award mile per $1 spent on all other purchases
- Annual fee: $89
- Intro bonus: Earn 50,000 award miles after spending $3,000 in purchases within the first 90 days and payment of the annual fee.
- Regular APR: 15.99%, 19.99% or 24.99% variable APR based on your creditworthiness.
The Barclaycard-issued Miles & More World Elite Mastercard has the same rewards structure as many other co-branded airline cards. It pays 2 award miles per $1 on flights booked directly with Miles & More airline partners. This includes Austrian Airlines, Brussels Airlines, Swiss, and all 28 Star Alliance airlines. Although the card has an annual fee of $89, if you fly a lot within Europe this could work out well for you.
The card’s annual companion is good for a round-trip Economy class ticket departing from the U.S. to either Europe, the Middle East, Africa or the Far East on any Lufthansa-operated flight. It’s a guaranteed two-for-the-price-of-one ticket abroad every year (although you do still have to pay taxes and fees like with any other companion fare offer). Sounds wonderful right?
While the companion ticket could save you hundreds of dollars each year, you’ll have to allow for some flexibility. For one, you can only book a paid flight with a fare base code of H, M, Y, & B class to be eligible to use the companion pass. Not every economy class ticket will fall under one of those fare codes and you could possibly end up paying more for your ticket than someone who books a ticket under a different fare class. Further complicating matters, you can only book your paid ticket and the companion fare by calling Lufthansa’s Miles & More Companion Ticket Service number.
The sign-up bonus with this card is where it really shines. Earn up to 50,000 award miles – 20,000 bonus miles when you make an initial purchase and pay the annual fee, and an additional 30,000 award miles after you make $5,000 in purchases in the first 90 days. Round-trip economy award flights start at 50,000 miles and a one-way upgrade from economy class to business is also 50,000 miles, so this bonus could be worth several hundred dollars depending on how you use it. You can use the miles on any of the Miles & More airline partners.
It’s important to note that the companion fare ticket cannot be upgraded using miles.
At Bankrate we tend to favor cards that offer more flexible rewards. Cards like the Barclaycard Arrival Plus, the Capital One Venture, and the Chase Sapphire Preferred Card offer similar annual fees but far greater flexibility in earning and redeeming miles. They don’t offer a companion fare every year so you’d have to crunch the numbers to see what best fits your travel patterns.
Who should get this card
Someone who flies frequently to and within Europe, and wants to earn miles for flight upgrades and get a free round-trip companion ticket every year.
Fees and APR
- There’s an $89 annual fee.
- The variable APR on purchases is 16.99% or 25.99%, based on creditworthiness.
- This card has an introductory 0% APR offer on balance transfers for the first 15 billing cycles. After that it’s a variable 16.99% or 25.99%.
- There are no foreign transaction fees.
- Balance transfers are subject to a charge of 5% of the amount being transferred.
Extras, perks and using points
Cardholders receive two complimentary Lufthansa Business Lounge vouchers every year, a perk typically reserved for either first class ticket holders or those with elite flyer status.
This card comes with World Elite Mastercard benefits, which include travel and auto insurances and protections. Other perks include concierge service, and discounts on select services including car rentals, hotels and cruises.
In addition to booking flights, you can also use your miles to upgrade your flight, pay for partner hotels and car rentals, and shop online. There is no fee to redeem your miles but you have to have enough miles to cover the total amount. You cannot pay with a combination of points and miles.