I didn't see much discussion on the companion ticket benefit. Often these types of certificates are pretty worthless since they require higher fare classes for the paying traveler to qualify for the free companion ticket, but this one really seems to apply to any fare code in economy. It seems to be that this could be a pretty valuable benefit also, or am I missing something, capacity controls for the free ticket maybe?

Sure, I'd rather travel in E+ on United, but if we can essentially get a 50% discount on one trip per year to Europe for the two of us on LH, this might be worth considering.

from http://www.lufthansa.com/online/port...nodeid=2037464

As a thank you for choosing a Premier Miles & More World MasterCard or Miles & More World MasterCard you are eligible to receive an Economy Class Companion Ticket upon the first use of your new Account for a purchase or balance transfer. As well as on the anniversary date of your opening your Miles & More Mastercard provided you are still a cardmember.

Terms & Conditions of the Economy Class Companion Ticket

* Application: all published fares in Economy Class. The paid Economy Class ticket must be for travel departing from the U.S. to Europe/Middle East/Africa and Far East
* Eligibility: Miles & More MasterCard holders residing in the U.S.
* Class of service: based on the paid Economy Class fare
* Type of transportation: based on paid Economy Class fare
* Travel: valid only on Lufthansa operated flights (no code-share or Lufthansa train). Both paid Economy Class ticket and Companion Ticket must travel on the same flights on the same day.
* Reservations: must be made by calling Miles & More Companion Ticket Service at 1-866-461-5399
* Ticketing: will be ticketed by the Miles & More Companion Ticket Service
* Seasons: per paid Economy Class fare
* Minimum stay: per paid published Economy Class fare
* Maximum stay: per paid published Economy Class fare
* Rebooking: per paid published Economy Class fare
* Rerouting: per paid published Economy Class fare
* Weekend surcharge: various based on the paid Economy Class fare (generally $60 round-trip but in some instances it may not apply or the amount may be lower)
* Combination: This offer, may not be combined or used in conjunction with any other promotion, discount, add-ons or coupons. Not combinable with child, infant or senior citizens fares, travel agent discounts, other promotional offers, group fares, frequent flyer awards or special credit vouchers.