See update below.
Here’s the affiliate link offer with $5000 minimum spend which many commenters believe is the better option.
Barclays bank has upped their signup bonus on the Lufthansa Premier Miles & More World MasterCard to 50,000 points — 20,000 after first purchase and 30,000 more after meeting minimum spend within 90 days.
The card comes with a $79 annual fee, and the points are surprisingly useful (though I recommend that even if you do get the card and collect Miles & More points, that you’re 25% better off earning them via the Starwood American Express than through this card).
Miles & More is a great way to get domestic premium cabin awards on United (35,000 miles roundtrip compared to 50,000 miles in the United MIleage Plus program) and also to get first class awards on Lufthansa and Swiss, given the greater availability afforded to Miles & More members than to the members of their Star Alliance partners.
There’s a common misconception, though, that the affiliate (‘standard’) offer for 50,000 points after $5000 minimum spend for a new Lufthansa Mastercard that I first wrote about on Friday late afternoon may be the best offer to use for the card — even though it has a higher minimum spend requirement to earn the full signup bonus than another competing offer — because the $2500 minimum spend one that I learned about late Friday night (and posted in the wee hours of Saturday morning) runs the risk of your being given a lesser card, with lesser signup bonus, if you don’t qualify for the World Mastercard version of the offer.
This distinction is false, however.
Like many Barclays offers, there’s a ‘good’ offer for their top of the line card and a ‘less good’ offer for a less premium version of the card that they reserve the right to give you if they decide not to give you the premium card.
And that’s a feature of the Lufthansa Mastercard, period, and doesn’t depend o which signup link that you choose.
That’s because there’s a World Mastercard version of the Lufthansa co-brand offer, and Platinum version of the Lufthansa co-brand offer.
Here’s what the standard (affiliate link) version of the terms and conditions for the card says about this issue.
I agree that if I am not approved for a World account that I may be approved for a Platinum account.
About This Offer: You must be at least 18 years of age. This offer is available only to applicants who are residents of the United States, with the exception of Iowa, Puerto Rico and the US territories, and may not be available if you already have or have had an account with us. If at the time of your application you do not meet the credit or income criteria previously established for this offer, or the income you report is insufficient based on your current obligations, we may be unable to open an account for you, or you may receive a Platinum card. Platinum benefits differ from World benefits. Please review the materials provided with your card for details.
But even if the distinction were true, which would you rather have happen? Remember, Barclays has already done their credit pull.
- Reject you outright for the card, you get nothing.
- Approve you for a lesser offer with fewer points, you get those fewer points.
The Platinum Mastercard gives you 5000 points and has no annual fee. That’s not a lot, but as my grandfather used to say “it’s better than a hole in the head.”
You’re not going to have a greater likelihood of being approved for the World Mastercard 50,000 point offer going through the $5000 minimum spend requirement link than the $2500 minimum spend requirement link.
And both offers contain language about possibly being approved only for the lesser card.
You’re better off a $2500 minimum spend requirement to earn the full 50,000 point signup bonus than you are with a $5000 minimum spend requirement. The only reason to go for the higher spend requirement is if you want to offer a tip to your favorite blogger.
Update: Several folks are arguing in the comments that the $5000 minimum spend (affiliate offer) will provide you with the same up to 50,000 point signup bonus even if you are approved for the Platinum card, while the $2500 will not. I’m skeptical, but we’ll have to wait and see when someone applies using the standard offer, gets the lesser card, whether they receive the full bonus or not. I’d be thrilled to be proven wrong. But in the interests of full disclosure and best available information I’m happy to bring you this debate.
Those arguing that the standard $5000 minimum spend offer is better, at a minimum, aren’t wrong that if the minimum spend is no problem for you to meet it becomes the better offer. Either offer gets you the full 50,000 point bonus once you meet minimum spend if you’re approved for the World Mastercard. And there’s at least some chance, based on the interpretations of some readers here, that the $5000 minimum spend offer will still get you the big bonus if you’re approved for the lesser card while the terms of the $2500 minimum spend offer don’t contain that same ambiguity.
File this one under developing…