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Home > News > Lufthansa and Miles & More form a new alliance with Deutsche Bank and Mastercard

Lufthansa and Miles & More form a new alliance with Deutsche Bank and Mastercard

R Easton by R Easton
13th July 2023
in Aviation, News
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Lufthansa and Miles & More form a new alliance with Deutsche Bank and Mastercard, MTB events. Image shows members of each company holding a large replica of the Miles & More card
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Announced earlier this week, Europe’s leading loyalty programme, the Lufthansa Miles & More credit card, will be issued by Deutsche Bank. Mastercard will remain as a partner for the loyalty card. The switch is planned to take action mid-2025.

“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 offering – far beyond the actual flight. Long-term and trusting customer relationships are fundamental to this. Together, we will continue to develop Europe’s leading loyalty programme – for our customers around the world.“

Christina Foerster, Member of the Executive Board of Deutsche Lufthansa AG.

“Miles & More has one of the leading credit card portfolios in Germany and Europe. We are delighted that Lufthansa is relying on Deutsche Bank’s payments expertise and reach for this growth product. We have a strong position in Germany in the business of issuing credit cards. Through Miles & More, we will further advance our important payments business as part of our growth strategy as a Global House Bank.“

Christian Sewing, Chairman of the Management Board and CEO of Deutsche Bank.

“Mastercard has significant, 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.“

Michael Miebach, Mastercard CEO.

A goal shared between the partners is to redefine loyalty. In reaction to that, customers will benefit from an increase in personalised offers and digital applications. An expansion to existing card services will also be offered, such as additional insurance services and support for customer sustainability decisions.

“Miles & More has over 30 years of experience in the field of loyalty, which we want to use in the interests of our customers. With Deutsche Bank and Mastercard, we have two partners at our side with whom we can tap into new growth potential.“

Johann-Philipp Bruns, Managing Director of Miles & More GmbH.

When the switch happens, summer 2025, those who currently have a Lufthansa Miles & More Credit Card will not need to take any action and remain valid until the changeover. The existing services will all remain, such as earning award miles on sales , unlimited validity of award miles and the premium insurance package. This all aligns with Lufthansa’s value and goal, to create solutions for their customers time and time again.

The Miles & More Credit Card was introduced to Germany in Februrary 1999 and is now used in 20 other countries. Card users can use it for purchases at over 100 million Mastercard acceptance locations worldwide and can redeem the miles with MilesPay, an in app service.

 

News sourced from Lufthansa Group.

Tags: AviationDeutsche BankLufthansa
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