Update: This offer is expired.
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Barclaycard has once again for a limited time increased the sign up bonus on the Lufthansa Premier Miles & More World MasterCard credit card to 50,000 bonus miles!

Full terms:

• Earn 20,000 award miles after your first purchase or balance transfer
• Earn an additional 30,000 award miles when you spend $5,000 in purchases within the first 90 days of account opening
• Earn 2 award miles per $1 on ticket purchases directly from Miles & More integrated airline partners and 1 mile per $1 on all other purchases
• Cardholders receive a companion ticket after first use of the account and annually after each account anniversary
• No foreign transaction fees on purchases made outside the U.S.
• Redeem miles for flight awards and upgrades on Lufthansa, Austrian Airlines, Brussels Airlines, SWISS, Star Alliance member airlines and other partners
• $79 Annual Fee.

Note: In the past, it was pretty simple to get the annual fee removed. All you had to do was once you received the card, and the annual fee posted to your account, you would then call up and request the fee be removed. If the agent denied the request, you would ask to speak to an account specialist. This may or may not still be the case.

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Update: This offer is expired.

The Barclays US Airways Premier World MasterCard currently has an awesome sign-up bonus of 40,000 miles, which requires no minimum spend! You can spend as little as $1 and you’ll get 40,000 bonus miles – What could be better than that!

The new news is, that from July 1 – August 31, 2014 Barclaycard will also be offering a 20% bonus on all earned miles!

Barclaycard will also be sending out targeted 30% bonus offers via email, to some, so be sure to keep an eye out on your email.

Additionally, Barclaycard will also be refunding all foreign transaction fees on this card from July 1 – August 31, 2014.

This card does have an annual fee of $89 which is not (officially) waived the first year. Though some have had luck getting the fee waived by requesting or by calling to cancel the card.

Official Benefits:

• 40,000 Bonus Miles after your first purchase.
• First checked bag FREE on eligible bags for you and up to 4 companions on domestic US Airways operated flight.
• One free companion certificate good for up to two guests on US Airways operated flights at $99 each, plus taxes and fees. (Certificate is sent to new cardholders 6-8 weeks after the first purchase is made on the card.)
• Priority Boarding Zone 2 on US Airways operated flights.
• Earn 2X miles on all US Airways purchases and 1X miles on all other purchases.
• Check in at the First Class counter for all of 2014.
• One complimentary US Airways Club day pass each year.
• Redeem flights for 5,000 fewer miles on US Airways.
• 10,000 Preferred-qualifying miles every year you spend $25,000 or more on your card.
• 0% introductory APR for 15 months for each Balance Transfer made within 45 days of account opening.

Now, some of these benefits will be changing come 2015, when the US Airways American Airlines merger is complete, and this card is turned in an American Airlines credit card. Some of the changes will be include the elimination of the $99 companion pass and First class check in, will also go. Though for mileage junkies, this shouldn’t really make to much of a difference at this point, as this card is easily churnable, and you can very well be on your 4th-5th card by 2015!

If you applied for this card and were denied, you can call Barclays reconsideration at 866-408-4064.

Click here to apply for the US Airways Premier World MasterCard.