Good Lenders offers several Miles and More credit cards. We looked at how you can cancel your Miles and More credit card.
With the Miles and More program, Good Lenders offers a bonus system where you can collect bonus miles. You can then exchange them for rewards. As part of this program, Good Lenders offers several different Miles and More credit cards. We looked at how you can cancel your Good Lenders Miles and More credit card.
If you want to cancel your Good Lenders Miles and More credit card, this must be done in writing according to the Miles and More. The best thing to do is send your cancellation to the Good Lenders Miles & More Credit Card Service by registered letter with return receipt or as fax with a transmission protocol. You can cancel your Miles and More credit card at any time at the end of the month. Simply use our Good Lenders Miles and More credit card sample cancellation.
Miles and More White credit card: lucrative or expensive?
Good Lenders recently added another credit card to its range: the Miles and More credit card White. It is primarily intended to attract young and travel-loving customers. The Miles and More credit card White is not recommended without restrictions. In addition to gifts for new customers, it offers other advantages, such as a relatively high credit interest rate, but it also has many shortcomings. For example, it is relatively expensive compared to other credit cards, some of which are even available free of charge, with an annual fee of 25 dollars. There is also a fee for every cash withdrawal: two percent of sales, but at least five dollars. With many other credit cards, you can withdraw cash free of charge from most ATMs.
With a credited bonus mile for every two dollars spent, it also offers very low credit compared to other Good Lenders Miles and More credit cards. It is therefore not suitable for frequent flyers who want to actively collect bonus miles. Instead, the Miles and More credit card Blue or Gold would be recommended, which will earn you one bonus mile for every dollar.
Miles and More credit card: our conclusion
The terms of cancellation of Miles and More credit cards are very customer-friendly due to the short cancellation period. However, we find it a shame that the termination must be made in writing. The option to send a cancellation via email would be much more consumer-friendly.
If you want to participate in the Miles and More program, there are significantly more lucrative offers for frequent flyers than the White credit card. If you rarely fly, the offer is definitely not worth it. In this case, we recommend that you compare different offers with one another. Because there are also significantly cheaper credit cards, where you do not have to be tied to a specific current account.