Deutsche Bank AG and Mastercard successfully compete for credit card portfolio in Germany. The switch will take place in mid-2025.
In the future, the Lufthansa Miles & More Credit Card will be issued by Deutsche Bank. Mastercard remains partner for the cards. 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, 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 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.”
“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”, said 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”, explains 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 offers and digital applications. In addition, existing card services will be expanded, such as additional insurance services and offers that support sustainable consumer decisions.
Johann-Philipp Bruns, Managing Director of Miles & More GmbH, adds: “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.”
Strong development of a successful product
The switch to Deutsche Bank as the issuing institution will take place in summer 2025. Those who already have a Lufthansa Miles & More Credit Card do not need to take any action. All existing cards will remain valid until the changeover. Cardholders will be informed in good time about the transition date. The existing services will also remain the same with Deutsche Bank as the new partner. These include, for example, earning award miles on credit card sales, unlimited validity of award 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 their miles with MilesPay.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
