Mashreqbank ties up with Lufthansa Miles & More

DUBAI - Mashreqbank has entered into an agreement with Lufthansa Miles & More enabling its credit cardholders to redeem MashreqPoints, which they earn through their credit cards transactions for Lufthansa 'award miles.'

By A Staff Reporter

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Published: Tue 13 May 2003, 3:48 PM

Last updated: Wed 1 Apr 2015, 9:14 PM

The deal is retroactive that the Mashreq cardholders can redeem their existing MashreqPoints for Lufthansa tickets, upgrades, hotel reservations, car rentals, and many more awards around the world.

Steven Pinto, senior vice president and head of Retail Banking Group, Mashreqbank said: "This new agreement with Lufthansa Miles & More provides our cardholders with the most competitive rewards scheme available, and it costs nothing as points are accumulated simply by using their cards rather than cash or cheques."

Lufthansa operates a fleet of more than 330 aircraft. Together with its 17 Star Alliance partners, such as Singapore Airlines and Thai Airways, it offers an extensive route network. Dr. Andreas Betzer, Managing Director of Miles & More International said: "We are delighted to conclude this agreement with Mashreqbank, to offer their credit cardholders the world's most comprehensive frequent flyer programme. With its partnerships of luxury hotels such as Hilton and Le Meridien, car rental partners like Avis and Hertz, as well as partners like Vodafone and Porsche, Miles & More provides participants a number of attractive possibilities of collecting and spending miles."

All Mashreqbank cardholders will automatically become Miles & More members as soon as they choose to convert their MashreqPoints to award miles. The conversion rate is 3.5 MashreqPoints to one award mile. In addition to the new Miles & More scheme, MashreqPoints can be redeemed for free gifts and services at over 300 Rewards Partner outlets in the UAE and nearby destinations.

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