The Financial Blog

MBNA and Miles & More, Europe’s largest frequent flyer programme, today announced the launch of a new credit card.

The Miles & More American Express Credit Card from MBNA offers a competitive rate of interest plus the feature to more quickly earn Miles & More award miles, which can be redeemed for flight, upgrade and travel awards and for a wide range of non travel related goods and much more.

Earning award miles is now faster and easier than ever before. The new Miles & More American Express Credit Card from MBNA allows card members to earn 3 award miles for every £1 spent on the card during the first six months from the account opening date and two award miles per £1 spent thereafter. In addition as a new card member you will receive a welcome bonus of 6,000 award miles when you make your first card purchase within 90 days of opening your account.

Another great benefit is that by holding a Miles & More credit card, your award miles will no longer expire, giving you the flexibility to redeem Miles whenever you like.

The new Miles & More American Express Credit Card from MBNA offers 0 per cent p.a. on balance transfers for the first 12 months, a 3 per cent handling fee applies, from the date the account is opened plus 0 per cent on card purchases for the first three months. After the introductory period the card will revert to a typical rate of 15.9 per cent APR, variable.

General Manager for Lufthansa UK & Ireland, Marianne Sammann, said: “We are delighted to expand our partnership with MBNA and are happy to provide our Miles & More members with these enhanced benefits. The new Miles & More American Express Credit Card from MBNA ensures our customers can obtain the maximum number of miles, taking them one step closer to the award of their choice.

“With more than 15 million members worldwide, Miles & More is the most successful frequent flyer programme in Europe. Launching this new product again emphasizes the UK as an important market for both Lufthansa and Miles & More”.

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This entry was posted on Friday, May 9th, 2008 at 11:57 am and is filed under Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.