Good morning everyone, happy Memorial Day! A few days ago, I called Barclays to close my Barclays Lufthansa Miles & More World Elite MasterCard. The $79 annual fee was coming due soon and I barely spent any money on the credit card after completing the minimum spending requirements last year. After calling the number on the back of the credit card and explaining that I wanted to close the credit card because the annual fee was posting soon, the rep transferred me to a different department (I don’t remember the department name, but let’s call it the Barclays retention department). After explaining my situation to the second rep, she asked me if I would be willing to downgrading the credit card to a no annual fee version of the Barclays Lufthansa Miles & More Credit Card. Sure, I said, that sounds good to me. The downgraded credit card will earn 1 Lufthansa mile for every $2 spent and the conversion would be completed on June 5.
After downgrading my credit card, the rep told me that I had a targeted spending offer (similar to a retention offer). If I spent $1,000 or more in the next 90 days, I would get 5,000 bonus Lufthansa miles. So if I spent exactly $1,000, I would earn a total of 6,000 Lufthansa miles or 6 Lufthansa miles per dollar. I happily accepted the offer.
Since the targeted spending offer was effective immediately and the downgrade process would not be completed until June 5, I made sure to spend the full $1,000 before June 5, so I would earn 1,000 Lufthansa miles instead of only 500 Lufthansa miles if I made the purchases after June 5.
I already completed the $1,000 spending requirement, so now I just need to wait for my next statement to close and for the bonus Lufthansa miles to post. If I want to get another Barclays credit card in the future, I can always transfer some or all of the credit line from my Lufthansa credit card over to get the new credit card approved.
Have you received a targeted offer on your Lufthansa credit card? What about any other Barclays credit cards? Please share your data points below. If you have any questions, please leave a comment below. Have a great Memorial Day everyone!