Media Release
Frankfurt am Main, July 10, 2023
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Deutsche Bank will become the new issuing partner for the Lufthansa Miles & More Credit Card. Mastercard will remain the network partner. In a global tender, both companies prevailed in the bidding process. The switch will take place in mid-2025.
Christina Foerster, Member of the Executive Board of Deutsche Lufthansa AG, said: "I am looking forward to working with strong partners to offer our customers even better and more innovative services. Within the Lufthansa Group, we are continuously expanding our premium offering - far beyond the flight itself. Long-term and trusting customer relationships are fundamental to this. Together, we will continue to develop Europe's leading loyalty program for our customers around the world."
Christian Sewing, CEO Deutsche Bank said: “Miles & More has one of the leading credit card portfolios in Germany and Europe. We highly appreciate that Lufthansa is building on the payments know-how and reach of Deutsche Bank for this important growth product. We have a very strong position in the credit card issuing business in Germany. With Miles & More we will continue to advance our important cash management business, consistent with our growth strategy as the Global Hausbank.”
Mastercard CEO Michael Miebach said: “Mastercard has long-standing, meaningful partnerships with Deutsche Bank, Lufthansa Group and Miles & More. Together, we will create a more sustainable, more technology-driven future of travel. And we will keep building on our momentum to do even more for Miles & More participants."
Customers benefit from attractive offers and service
The common goal is to redefine loyalty. Customers will benefit from even more personalized offers and innovative digital applications. In addition, existing card services will be expanded, with additional insurance and features that support sustainable consumption decisions.
Johann-Philipp Bruns, Managing Director of Miles & More GmbH, added: "Miles & More has over 30 years of experience in the field of loyalty, which we want to bring to bear in the interests of our customers. With Deutsche Bank and Mastercard, we have two partners at our side who will enable us to tap into new growth potential."
Strong development of a successful product
The switch to Deutsche Bank as the issuing institution will take place in the summer of 2025. Those who already have a Lufthansa Miles & More Credit Card do not need to take any action at this time, as all existing cards will remain valid until the switch. Cardholders will be informed in good time about the transition date. Existing benefits will also remain in place with Deutsche Bank as the new partner. These include, for example, earning award miles on credit card spending, unlimited validity of award miles and the premium insurance package.
The Miles & More Credit Card is seen as the ideal everyday companion, as bonus miles are collected for every transaction, which can then be redeemed for award flights or upgrades. With the card’s MilesPay feature, people can also use their miles to make purchases at more than 100 million Mastercard acceptance points worldwide.
Miles & More Credit Cards were introduced in Germany in February 1999 and are now used in 20 other countries.
For further information please contact:
Deutsche Bank AG
Media Relations
Heinrich Frömsdorf
Tel. +49 172 5424016
Email: heinrich.froemsdorf@db.com
Mastercard
Juliane Schmitz-Engels
Tel. +49 172 1880720
Email: juliane.schmitz-engels@mastercard.com
Miles & More Press Office
Tel.: +49 69 719168-159
Email: presse@miles-and-more.com
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
About Miles & More
Miles & More is Europe's leading loyalty programme for mobile people. 30 years of experience and cooperation with around 200 partner companies worldwide make Miles & More GmbH, operator of the programme based in Frankfurt am Main, an expert in successful customer targeting and retention. Particularly in the core markets of Germany, Austria and Switzerland, the programme's partners benefit from access to a demanding target group. The company was launched in Germany in 1993 with seven programme partners and has been an independent company since September 2014 as a wholly owned subsidiary of Deutsche Lufthansa AG. The managing directors are Gerald Schlögl and Johann-Philipp Bruns. The company has developed into a strong brand in a variety of areas – whether in the premium business and programme operations, in status management, or the offers and services in sales & retail and finance.
The linchpin: earning and redeeming award miles. Since the programme's inception, members have earned a total of more than 1.6 trillion award miles in a wide variety of areas of life – from flying to finance to shopping.
Partners from the finance and insurance industry include Deutsche Kreditbank AG, DJE Kapital AG and Ergo. In addition, fintech and insurtech companies are partners of Miles & More, including Clark, Exporo and LIQID. In cooperation with various banks, Miles & More has also issued over 1.4 million credit cards worldwide.
Find out more at www.miles-and-more.com
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