Citibank Russia and Miles & More Co-Branded Card Offer New Benefits with Unlimited Lifespan for Award Miles
Moscow – Citibank and Miles & More today set an unlimited lifespan of Miles & More award miles for Citibank Miles & More credit cardholders.
Citibank Miles & More credit cardholders who have held the credit card for more than three months and make at least one purchase a month with the card, will now enjoy a new benefit: their Miles & More award miles will now remain valid for an unlimited period of time and can be redeemed at any date. The new benefit will apply to all award miles, whether earned on flights, through credit card spending, or any other services of Miles & More partners.
Owing to this innovative approach, Citibank Miles & More credit cardholders will be able to earn as many award miles as they want and take their time planning travel arrangements, not having to worry that the award miles will expire.
Mr. René Koinzack, Marketing Director for Russia and CIS Lufthansa German Airlines, said: “Miles & More and Citibank are the two companies that set new standards in their industries, and our competitors use us as the benchmark. Citibank is the first in Russia to launch a credit card with a grace period, and Miles & More is one of the first airlines in Russia to set an unlimited lifespan for award miles”.
Mr. Selim Ergoz, Citibank vice president and Head of Credit Cards, also commented on the news: “The Miles & More Credit Card is one of Citibank’s most successful products in Russia, which is due to its being innovative and focused on the needs of those customers who like to travel. We are confident that with the introduction of the new benefit our card will enjoy an even higher demand”.
The Miles & More Credit Card by Citibank, which was first presented to Russian customers in February 2006, is tailor-made to suit those who like to travel. In addition to such benefits as a grace period and a revolving credit line of up to RUR 600,000, the card allows to earn one award mile for every RUR 30 spent on the card and to get from 3,000 to 5,000 award miles as a welcome bonus after the first purchase made with the card. The award miles can be used for upgrades to a higher-class of travel or to book flight award tickets, hotel stays and car rentals or to make purchases, when traveling to over 800 destinations with Lufthansa or its airline partners. Today thousands of customers across Russia are already enjoying the benefits of the Miles & More credit card by Citibank.
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