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Erste Bank Austrian Miles & More Premiumcard review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

The Erste Bank Austrian Miles & More Premiumcard is a Mastercard credit card that earns airline miles, with an annual fee of €0 and a monthly fee of €5.50. It suits Miles & More members who pay the statement in full each month and put everyday spend on the card.

Key facts

Best for
A miles-earning Mastercard credit card with an annual fee of €0 and a monthly fee of €5.50.
Annual fee
€0 (Source, checked September 26, 2026)
Rewards type
Miles (Source, checked September 26, 2026)
Rewards rate
1 mile per 2 EUR of card spend (Source, checked September 26, 2026)
Perks
Redeem miles at the till with MilesPay anywhere Mastercard is accepted, 1 mile per 1 EUR of SEPA transfer volume, max 20,000 miles per billing cycle (2.5% transfer fee), Promotional 2.1% p.a. interest on the card credit balance until 30.11.2026, Credit card and Miles & More service card in one card, Repay the statement monthly, in instalments or in full by transfer (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Deutsche Bank AG (Source, checked September 26, 2026)
Headquarters
Germany (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Rewards
Audience
Business
Official website
miles-and-more-kreditkarte.at

Debit cards

Monthly fee
€5.50 (Source, checked September 26, 2026)
Card network
Mastercard (Source, checked September 26, 2026)
Legal entity
Deutsche Bank AG (Source, checked September 26, 2026)
Headquarters
Germany (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Features
Rewards
Audience
Business

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedIn

Pros and cons

Pros

  • Annual fee of €0, ranking 1 of 301 brands on that measure.
  • Earns 1 mile per 2 EUR of card spend in miles on card spend, and the same card carries the Miles & More service card.
  • Miles can be redeemed at the till with MilesPay anywhere mastercard is accepted.
  • Support runs on email, phone and help centre.

Cons

  • A monthly fee of €5.50 applies, while the site median monthly fee is €0.
  • The earn rate is 1 mile per 2 EUR of card spend, so a balance builds slowly against card spend.
  • The reward is miles only, and just 2% of cards on the site pay that way, so there is no cashback route.
Erste Bank Austrian Miles & More Premiumcard

Ready to try Erste Bank Austrian Miles & More Premiumcard?

Scored 9.2 / 10 by DebitCue.

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Who it suits

  • Miles & More members who want miles on everyday card spend and can pay the statement in full each month.
  • People who often pay at the till and want to use miles directly at the checkout with MilesPay.
  • Card users after a credit card with an annual fee of €0 on the mastercard network.

Who should look elsewhere

  • Wise, which also charges an annual fee of £0, suits readers who want low day to day card costs instead of miles on every purchase.
  • Varo Believe Secured Credit Card, a secured card with an annual fee of $0, fits a secured line rather than a monthly fee of €5.50.
  • Chime Card (Secured Visa Credit Card), with an annual fee of $0, suits a secured Visa setup rather than a miles earn rate.

Deposit protection

The card is issued by Deutsche Bank AG, based in Germany, and supervised by the Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) and the Europaeische Zentralbank (EZB). What the card gives you is a borrowing limit rather than stored money, so you repay the statement in full by transfer or in instalments. Questions about a payment or a mile go to email, phone and help centre.

How Erste Bank Austrian Miles & More Premiumcard compares

Where Erste Bank Austrian Miles & More Premiumcard is available

Available
Austria
Licence in Germany
Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026
Licence in Germany
Europaeische Zentralbank (EZB), checked September 26, 2026

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What does this Miles & More card cost?+

The annual fee is €0 and the monthly fee is €5.50, which puts it at rank 1 of 301 brands ranked on annual fee. The site median annual fee is €0 and the median monthly fee is €0, so the monthly charge is the figure to watch.

How are miles earned on the card?+

Card spend earns 1 mile per 2 EUR of card spend and the reward type is miles. SEPA transfers build miles for a transfer fee, with a cap on miles per billing cycle, and a promotional interest rate applies to the card credit balance for a limited period.

Can I spend miles at the till?+

Yes. The card works as a credit card and a Miles & More service card in one, and miles can be redeemed at the till with MilesPay anywhere mastercard is accepted. That turns small everyday payments into a way of using the balance rather than saving it for a flight.

How do I repay the balance?+

The statement can be repaid in full by transfer, in instalments, or as one monthly payment, so both a clear it each month habit and a spread over approach work. Card spend keeps earning 1 mile per 2 EUR of card spend in the meantime, while the card credit balance carries interest.

Where is the card issued and accepted?+

The issuer is Deutsche Bank AG, based in Germany, and the card runs on the mastercard network, so acceptance follows that footprint. Spending outside the euro area brings the card's own conversion terms, so it pays to weigh them before using the card abroad.

How do I get help with the card?+

Support runs on email, phone and help centre, so a payment query, a missing mile or a blocked transaction can go to someone by phone, by email or through the help centre. The Deutsche Bank AG entity handles the card account and the service card.

Does the card charge a currency conversion fee?+

It is a euro credit card on the mastercard network from Deutsche Bank AG, so foreign purchases run on the card's conversion terms. Across the site the median conversion charge is 1%, which is the kind of cost a traveller pays on non-euro spend.

How does the reward compare with cashback cards?+

The reward is miles and the rate is 1 mile per 2 EUR of card spend, so nothing comes back as cash. Cashback is the reward on 49.5% of cards on the site, which is where a card paying money back fits a reader better than a miles card.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Currency conversion fee.

Erste Bank Austrian Miles & More Premiumcard

Erste Bank Austrian Miles & More Premiumcard

A miles-earning Mastercard credit card with an annual fee of €0 and a monthly fee of €5.50.

9.2/10See alternatives