Miles & More American Express® credit card from MBNA

You can receive a welcome bonus of up to 1,500 award miles with the Miles and More American Express Card from MBNA Europe Bank Limited when you make your initial card purchase within the first 90 days of opening your account. However, you can also earn double miles for every pound spent for the next 90 days. After that, you will earn 1.5 miles.

Travel rewards are not the only benefits that this card offers. For the first 12 months you can enjoy an interest rate as low as 0% on all card balances and accounts that you transfer within the first 90 days. Though there is a small handling fee, this can save you a lot of money if you have cards with high interest rates. Furthermore, you can also enjoy the same low interest rate on standard purchases for the first three months. Even after your introductory periods end, though, the typical variable rate is decent.

There are two very simple benefits that you might also appreciate. First of all, your mileage never expires. This is a sweet deal because you can bank your miles to use as for travel benefits at a later time, when you have accrued more. Secondly, you can take advantage of paperless statements. Get notifications via email and check your statement online all at your own convenience. Helping the environment is a side bonus!

You can also save because of the interest free period. If you pay off your balance in full within 50 days, and your previous statement was paid in full and on time, you can avoid interest. All standard purchases qualify for the 50 day interest period, while balance transfers, money transfers, or cash advances do not. At the same time, you can also save a little change because this card does not have an annual fee.