Barclays
Miles & More World Elite Mastercard
Key Features
| Annual Fee | $89.00 |
| Sign-up Bonus | Earn 50,000 miles |
| Rewards Rate | 1-2x miles |
| Intro APR | 0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening. |
| Regular APR | APR for purchases 19.49% to 29.49%, based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate. After that, (and for balance transfers that do not post to your account within 45 days of account opening) your APR will be 19.49% to 29.49%, based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate. APR for cash advances 29.74%. This APR will vary with the market based on the Prime Rate. |
| Other Fees | Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater. Cash advance fee: 5% (min. $10). Foreign transaction fee: 0%. Minimum monthly interest charge: $1.00. |
| Network | Mastercard |
About this card
The Miles & More World Elite Mastercard is a solid card for a very specific niche: dedicated U.S.-based frequent flyers of Lufthansa and its Star Alliance partners. Its strengths include a generous 50,000-mile sign-up bonus, the valuable benefit of preventing Miles & More miles from expiring, no foreign transaction fees, and two annual Lufthansa Business Lounge vouchers. These perks, combined with an introductory 0% APR for balance transfers, offer good initial value and specific utility for its target audience. However, the card is significantly hampered by several notable weaknesses. The regular APR range, particularly the upper end of 29.49%, is notably high for a card requiring 'Very Good' credit. The general earning rate of 1 mile per dollar on most purchases is uncompetitive for a card with an annual fee. Critically, the 'Annual Companion Ticket,' a supposed key benefit, is widely criticized by users as being extremely restrictive and difficult to redeem, largely diminishing its perceived value. Additionally, the issuer, Barclays, has a mixed reputation for customer service, which can detract from the cardholder experience. While the card serves its niche well by providing access to Miles & More earnings, its significant drawbacks in APR, general earning, and a problematic key benefit prevent it from achieving a higher rating for a broader audience. Its overall value is highly contingent on a user's specific travel patterns and ability to navigate its quirks, placing it in the 'Good' category with noticeable limitations.
Pros & Cons
What's great
- Intro APR period
- Generous sign-up bonus
- No foreign transaction fees
- Lounge membership
- Airline-specific travel perks
- Rewards on purchases
Things to consider
- Annual fee
- High regular APR
- High balance transfer fee
- Limited rewards categories
What this card offers
Sign-up bonuses
- Earn 50,000 miles after you spend $3,000 in purchases and pay the annual fee in full, both within the first 90 days.
Rewards
- Earn 2 miles per $1 spent on Miles & More partner airline tickets.
- Earn 1 mile per $1 spent on all other purchases.
Other features
- Receive lounge access with two complimentary Lufthansa Business Lounge Vouchers annually.
- Receive an Annual Companion Ticket after each account anniversary (taxes and fees apply).
- Once each calendar year, you can convert 5,000 to 25,000 miles earned on purchases into Points and Qualifying Points. For example, 5,000 miles convert to 20 Points + 20 Qualifying Points.
- Redeem for flight tickets from the entire Lufthansa Group and Star Alliance network.
- No foreign transaction fees on international purchases.
- Chip Technology Paying for your purchases is more secure at chip-card terminals in the USA and abroad.
- The annual fee will be waived for Senator and HON Circle Members, as long as they maintain their Senator or HON Circle Member status.
- The personal Miles & More service card number of the primary applicant is required within the application process.
Additional Notes
Offer subject to credit approval. This offer is available through this advertisement and may not be accessible elsewhere.