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Turkish Airlines announces new credit card: Another way to earn Miles&Smiles

Turkish Airlines announces new credit card: Another way to earn Miles&Smiles

If you’re a Turkish Airlines loyalist, there’s a newly launched co-branded credit card for you to consider. Turkish Airlines has launched its first credit card for the US market. The Turkish Airlines Miles&Smiles Premier Visa Signature credit card, with a $99 annual fee, is issued by First Electronic Bank and is available to US applicants only.

Applications will open starting July 10, and the first 5,000 customers approved will receive a special, limited-edition metal version of the card.

Previously, the only way to earn Turkish Airlines Miles&Smiles with a credit card was to transfer them to the card from Citi ThankYou. Citi Strata Premier℠ Card (see rates and fees) through the cardholder or a card that earns Capital One Miles, such as Capital One Venture Rewards Credit Card.

Review the card details to help you decide if this card is right for you.

Turkish Airlines Miles&Smiles Premier Visa Signature credit card information has been independently collected by The Points Guy. The card information on this page has not been reviewed or provided by the card issuer.

Turkish Airlines Miles&Smiles Premier overview

New cardholders will earn 40,000 bonus miles after spending $3,000 within 90 days of account opening. The bonus offer is enough to buy a one-way economy ticket to Istanbul from anywhere in North America.

MATT MOFFITT/POINT MAN

Cardholders will earn 3 miles for every dollar spent on Turkish Airlines purchases, 2 miles for every dollar spent on dining, groceries, entertainment and accommodations, and 1 mile for every dollar spent on all other eligible purchases. As a travel credit card, it charges no foreign transaction fees.

Turkish Airlines Miles&Smiles Premier, a Visa Signature card, comes with access to the Visa Signature Luxury Hotel Collection, Visa Signature Car Rental Privileges and many more privileges.

Is Turkish Airlines Miles&Smiles Premier membership worth it?

As a Turkish Airlines fan, I’m happy the carrier is rolling out a card for the U.S. market. While the card does earn bonus miles in many categories, it falls short when compared to other airline co-branded cards or cards that offer Turkish Airlines as a transfer partner.

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For example, Citi Strata Premier offers 3 points per dollar on many categories, including dining, grocery, and hotels. Meanwhile, the Miles&Smiles Premier card only offers 2 miles per dollar. In that case, you’re better off spending on Citi Strata Premier and transferring your points to Turkish Airlines.

MATT MOFFITT/POINT MAN

With Turkish Airlines losing value award charts, a few sweet spots have been eliminated, like 45,000-point one-way business class from North America to Turkey and 47,000-point one-way business class to the Middle East. Higher award costs and additional pricing for multi-segment travel will impact whether this card is worth it.

It is also noteworthy that the card offers additional privileges and benefits when flying with Turkish Airlines, and that it does not provide cardholders with an advantage that would give them elite status in the airline and therefore in the Star Alliance.

Related: After Miles&Smiles devaluation: Why I use Aeroplan for Star Alliance rewards

In conclusion

The Turkish Airlines Miles&Smiles Premier Visa Signature credit card is the newest card on the market. It’s great that international carriers are entering the credit card world for U.S. applicants, as it increases competition. While the card has a low annual fee and decent earning rates, it lacks some perks. More Turkish Airlines-specific perks like upgrades, a path to elite status, or statement credits could set this card apart, but for now, it’s just average.