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This post comes from Logan Abbott, editor of the credit cards section of MyRatePlan.com.
Barclaycard is known for its excellent travel rewards credit cards. The Lufthansa Premier Miles & More World MasterCard is among them.
- Large first purchase bonus. New cardholders now earn 20,000 award miles just by making one purchase with the card.
- 30,000 award mile bonus. New cardholders now earn an additional 30,000 award miles when they spend $5,000 on purchases in the first three months they have the card. Those 30,000 award miles combined with the 20,000 first purchase bonus can be enough for a transatlantic flight.
- Earn award miles on purchases. Cardholders earn 2 miles for each dollar spent on airfare and travel and 1 mile for each dollar spent on anything else.
- Zero-percent introductory APR period. The card offers a 0 percent introductory APR on both purchases and balance transfers for 12 billing cycles. After this period is up, the variable APR of between 15.99 percent and 24.99 percent applies.
- Annual fee. There is an annual fee of $79 to use the card.
- Balance transfer fee. Although the card offers a solid 0 percent APR introductory period on balance transfers, it charges a 4 percent balance transfer fee on the amount of the transferred balance. This fee is higher than the standard 3 percent balance transfer fee you find on most cards.
Get it if: You have excellent credit and want to take advantage of an excellent travel rewards program.
Forget it if: Your credit isn’t great, or you don’t travel much.
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