New Miles & More American Express® Credit Card from MBNA

Chester, UK, 6 May, 2008 – MBNA and Miles & More, Europe’s largest frequent flyer programme, today announced the launch of a new credit card. The Miles & More American Express© Credit Card from MBNA offers a competitive rate of interest plus the feature to more quickly earn Miles & More award miles, which can be redeemed for flight, upgrade and travel awards and for a wide range of non travel related goods and much more.

Earning award miles is now faster and easier than ever before. The new Miles & More American Express® Credit Card from MBNA enables card members to earn three award miles* for every £1 spent on the card during the first six months from the account opening date and two award miles per £1 spent thereafter. In addition new card members will receive a welcome bonus of 6,000 award miles when they make their first card purchase within 90 days of their account opening**

Another great benefit is that by holding a Miles & More credit card, customers award miles will no longer expire, giving them the flexibility to redeem their miles whenever they like.^

The new Miles & More American Express® Credit Card from MBNA offers 0% p.a. on balance transfers for the first 12 months from the date the account is opened (3% handling fee applies), plus 0 % on card purchases for the first three months. After the introductory period the card will revert to a typical rate of 15.9% APR (variable).

Marianne Sammann, General Manager, Lufthansa UK & Ireland, said: “We are delighted to expand our partnership with MBNA and are happy to provide our Miles & More members with these enhanced benefits. The new Miles & More American Express® Credit Card from MBNA ensures our customers can obtain the maximum number of miles, taking them one step closer to the award of their choice.

“With more than 15 million members worldwide, Miles & More is the most successful frequent flyer programme in Europe. Launching this new product again emphasizes the UK as an important market for both Lufthansa and Miles & More”.

Anyone interested in taking out the new Miles & More American Express® Credit Card from MBNA should visit www.miles-and-more.com/creditcard.

*Offer only available on the Miles & More American Express© Credit Card from MBNA. Earn three award miles per £1 retail spend for first six months from your account open date, earn two award miles per £1 retail spend thereafter. Award miles are earned on retail spend and not on balance transfers or credit card cheques.

** The Welcome bonus offer is only available once per customer and will be credited to the Miles & More account after the first card purchase (retail spend) providing card is being used within 90 days of account opening. Please allow up to four weeks for award miles to be added to the Miles & More account.

^ Miles will remain valid for an unlimited period provided that you make a miles-related purchase at least once a month and have held a Miles & More credit card for at least three months. For terms and conditions relating to the Miles & More programme please visit www.miles-and-more.com

About MBNA Europe Bank:

MBNA Europe, a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC), is the recognized leader in affinity marketing. MBNA credit cards and related products and services are endorsed by more than 5,000 organisations worldwide. For more information, visit the company’s Web site at www.mbna.com or Bank of America’s site at www.bankofamerica.com.

About Miles & More

With more than 15 million members worldwide, Miles & More is Europe's largest and most successful frequent flyer programme. Miles & More members earn miles when flying with Lufthansa, Swiss, any Star Alliance member airline or other airline partners, as well as through hotel stays, car rental bookings or any of the numerous Miles & More partners. For further information or to enroll in Miles & More, visit www.lufthansa.com or www.miles-and-more.com

About American Express

American Express Company is a leading global payments, network and travel company founded in 1850. Since 1996, American Express has been pursuing a strategy geared towards opening its network and its credit card portfolio to third party issuers all over the world. By maximizing its global infrastructure and the strong appeal of the American Express brand, the company aims at increasing the reach of its network even further. American Express GNS has partnered with more than 115 institutions in 125 markets.

For further information contact:
Paul Lawler
MBNA Europe Press Office
Tel: 01244 574136
Mobile: 07969 580143
Fax: 01244 673564
e-mail: Paul.Lawler@mbna.com