Edit: July 1, 2014: As promised the Lufthansa Premier Miles & More® World MasterCard® has dropped their bonus back to 20,000 miles with the first purchase. We will let you know if they bring back the bigger bonus in the future. Congratulations to everyone who got in on it!
Back in June we wrote about the Lufthansa 50K bonus for their Mastercard but they had decreased it to 35K back in August. Now the 50K offer is back and ready for use and is enough for a coach ticket to Ibiza next summer.
If you are like me and already have a ton of Chase, Citibank, and Amex cards, then having a Barclays card to also nice to round out your card portfolio. 🙂 Before I get into how you can use it to get to Ibiza, here are a couple of the highlights about this card.
- Earn 20,000 award miles with your first purchase or balance transfer
- Earn an additional 30,000 award miles when you spend $5,000 in
purchases within the first 90 days after account opening
- With 50,000 award miles you can redeem for a round-trip award
flight to Hawaii, Europe or the Caribbean!
- Earn 2 award miles per $1 on ticket purchases directly from Miles & More integrated airline partners
- Earn 1 award mile per $1 on all other purchases
- Cardholders receive a companion ticket annually after each account anniversary
- No foreign transactions fees on purchases made outside the U.S. This makes it perfect to use once you get to Ibiza!
- $79 Annual Fee. Please see Terms and Conditions for complete details
If the $5000 spending requirement scares you, then check out my article on How to Spend Money Without Spending Money and How to get Miles by Paying your Rent. I’ve done a bit more research on this card and the best way to use the miles is surprisingly to not use them for Lufthansa flights! This is because they charge really high surcharges on many of the airlines including their own flights. This makes the fees when you use the miles even more than just paying cash for a ticket which makes no sense at all.
But if you redeem the miles for US Airways flights (which you should be able to do until the merger with American is completed and they leave Star Alliance) there are no fuel surcharges. This means you will only have to pay $5 and 50,000 miles for the whole ticket from North America to Europe! I just checked and there are low level coach award seats available for the Ibiza closing parties next year! You can go from Miami to Madrid from September 30-October 8 and catch most of the great closing parties like I did this year. If you want to go somewhere else check out this award chart to see how far your miles can get you.
There are other good options with this chart as well such as Hawaii to New Zealand for only 40K round trip. If you bought a cheap ticket to Hawaii that they have been running lately, you could turn one vacation into two by adding on New Zealand to your Hawaii trip with the miles you get from this card!
If all of this sounds too complicated and you would rather have a card that gives you a $400 worth of points that you can spend on any travel expenses, then check out our review of the Barclays Arrival Card.
As always if you have any questions add a comment below and I will answer it for you.