So far, the German credit cards of the Lufthansa frequent flyer program Miles&More have been issued by Deutsche Kreditbank AG. The collaboration will not be continued, as from mid-2025 the Mastercards will be issued by competitor Deutsche Bank AG. "I am looking forward to working with strong partners to be able to offer our customers even better and more innovative offers. In the Lufthansa Group, we are continuously expanding our premium offering - far beyond the actual flight. Long-term and trusting customer relationships are essential. Together we will further develop Europe's leading loyalty program - for our customers all over the world," says Lufthansa Executive Board member Christina Foerster. The business with co-branded credit cards was once considered extremely lucrative, as frequent flyers who are keen to optimize their mileage account balance tend to have higher sales. In addition, the issuer earns money every time the card is used. Of the fees that the retailer has to pay, 0,3 percent of Visa and Mastercard credit cards go to the issuing bank. For debit cards, it is 0,2 percent. In the past, the costs were considerably higher, but were capped by the European Union. This led to falling revenues for issuers. However, the other side of the coin is that many shops that previously only accepted cash or restricted themselves to debit cards, in Germany mostly the isolated solution Girocard, are gradually also accepting Visa and Mastercard. This led to a significantly increased acceptance and, in the case of Miles&More credit cards, more opportunities to collect miles. After many years, however, Deutsche Kreditbank AG and the Lufthansa frequent flyer program will go their separate ways.