Lufthansa and Miles&More change "bank" but marriage with Mastercard remains
Yesterday, the new co-branded credit cards between ITA Airways and American Express were made official, This while 24 hours [...]
Lufthansa
Star Alliance
Yesterday, the New co-branded credit cards between ITA Airways and American Express, This while 24 hours earlier Lufthansa, which is expected to join the Italian company's shareholding sooner or later, announced that from 2025 Miles&More cards for the domestic market will be exclusively Mastercard.
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If the choice of Mastercard is a confirmation, the news is thatin the future, the Lufthansa Miles & More credit card will be issued by Deutsche Bank. The transition will take place in mid-2025.
Deutsche Bank also present in the Italian market and already active in the past in the world of points and miles since it had unsuccessfully launched Alitalia's Co-Branded credit cards.
Christina Foerster, board member of Deutsche Lufthansa AG, says, "I look forward to working with strong partners to offer our customers even better and more innovative services. In the Lufthansa Group, we are continuously expanding our premium offerings far beyond the actual flight. Long-term, trust-based customer relationships are key to this. Together, we will continue to develop Europe's leading loyalty program for our customers around the world."
"Miles & More has one of the leading credit card portfolios in Germany and Europe. We are delighted that Lufthansa relies on Deutsche Bank's experience and payment reach for this growing product. We have a strong position in credit card issuing in Germany. Through Miles & More, we will further advance our important payments business as part of our growth strategy as Global House Bank," said Christian Sewing, Chairman of the Board and CEO of Deutsche Bank.
"Mastercard has significant and long-standing partnerships with Deutsche Bank, Lufthansa Group, and Miles & More. Together, we will make the future of travel more sustainable and optimize it with technical innovations. And we will use our momentum to do even more for Miles & More members," says Mastercard CEO Michael Miebach.
Customers benefit from attractive offers and services
The common goal is to redefine loyalty. Customers will benefit from even more personalized digital offers and applications. In addition, existing card services, such as additional insurance services and offers that support sustainable consumer decisions, will be expanded.
Johann-Philipp Bruns, managing director of Miles & More GmbH, adds, "Miles & More has more than 30 years of experience in the field of loyalty, which we want to use in the interest of our customers. With Deutsche Bank and Mastercard, we have two partners at our side with whom we can tap into new growth potential."
Strong development of a successful product
The transition to Deutsche Bank as the issuing institution will take place in summer 2025. Those who already have a Lufthansa Miles & More credit card need not take any action. All existing cards will remain valid until the transition. Cardholders will be notified in good time about the transition date. Existing services will also remain the same with Deutsche Bank as the new partner. These include, for example, the accumulation of reward miles on credit card sales, unlimited validity of reward miles, and the premium insurance package.
Miles & More credit cards were introduced in Germany in February 1999 and are now used in 20 other countries.
Users can use their card for purchases at more than 100 million Mastercard acceptance points worldwide and even redeem miles with MilesPay.
