The huge sign-up bonuses just keep on coming. Lufthansa is offering up to 50,000 Miles & More miles as a sign-up bonus for their Premier World Mastercard. You earn 20,000 miles after your first purchase and then another 30,000 miles after spending $2,500 within 90 days of having the card.
The card comes with a $79 annual fee, which is not waived the first year.
While a 50,000 mile sign-up bonus is nice, I won’t be taking advantage of the offer, as there are better cards out there I haven’t signed up for yet. It’s worth keeping in mind that Lufthansa imposes fuel surcharges on award tickets, so while this is almost enough miles for a one-way business class award from the US to Europe, you will pay a couple of hundred dollars in fuel surcharges, plus taxes.
(Tip of the hat to Gary)