Iberia Plus Selling Avios With 50% Bonus

Iberia Plus Selling Avios With 50% Bonus

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Often buying points can represent a great value, especially for first and business class award redemptions, where redeeming miles represents a disproportionately good deal.

For those who like to buy miles, another airline has just rolled out a promotion on purchased points, and it’s potentially a good deal.

Iberia offering 50% bonus on purchased Avios

Through Tuesday, July 13, 2021, Iberia Plus is offering up to a 50% bonus on purchased Avios.

With this promotion you can receive a 50% bonus if you purchase anywhere between 2,000 and 200,000 Avios in one transaction (with 200,000 also being the limit on how many Avios you can buy in a calendar year, pre-bonus).

With Iberia Plus the cost per purchased Avios varies based on how many you buy, and you’ll get a lower cost per Avios if you buy more. A 50% bonus is in line with the best offers we see from Iberia Plus on purchasing Avios.

The trick to getting the best price on Avios

There’s a trick to getting the best price when buying Iberia Avios — you want the purchase to be priced in EUR rather than USD.

For example, if you buy 300,000 Avios (including the bonus) in USD you’d pay $5,523. Meanwhile, if you purchased 300,000 Avios in EUR you’d pay €3,601, which is ~$4,258. That’s a huge difference.

That means you could buy Avios for as little as ~1.42 cents (USD) each.

How can you make sure you’re charged in EUR rather than USD? You just have to make sure that at the top of Iberia’s website you select the Spanish site rather than the US site (you can still use English as the language).

This shouldn’t violate any rules since you’re not claiming your account is registered there, or anything, but rather are just using that site. It should work just fine with a US credit card as well.

Personally I value Avios at 1.3 cents each, though there are ways to get outsized value thanks to the distance-based award chart. I’d say this could represent a solid deal.

With which credit card should you buy Avios?

Iberia points purchases are processed by points.com, meaning they don’t count as an airfare purchase for the purposes of credit card spending.

Therefore I’d recommend using a card on which you’re trying to reach a minimum spending, or otherwise, a credit card that maximizes your return on everyday spending.

Ordinarily, I’d say the best cards for everyday spending are the Chase Freedom Unlimited® (review) or Citi® Double Cash Card (review), but those have foreign transaction fees, so I wouldn’t recommend using them if you’re paying in EUR.

Therefore I’d recommend using a card that offers a good return without foreign transaction fees, like the Bank of America Premium Rewards Card or the Capital One Venture Card.

You can transfer Iberia Avios to British Airways

While there are some good uses of Iberia Avios, you can also transfer Avios between British Airways and Iberia, assuming you’ve had both accounts open for at least 90 days, and the accounts have some activity. Therefore this is potentially a good opportunity to buy British Airways Avios at a discount as well (though just make sure you’re aware of the restrictions on transfers).

For more on ideas for redeeming Avios, see this post.

Other great ways to earn Avios

While I think there’s a lot of value to be had with Avios, do keep in mind that there are quite a few ways to earn Avios with US credit cards. Iberia Plus is transfer partners with Amex Membership Rewards and Chase Ultimate Rewards.

On top of that, there are three credit cards issued in the US that earn Avios, and they even have phenomenal welcome bonuses:

You can find a detailed comparison of the three cards here.

Aer Lingus Visa Signature® Card
Learn More Terms Apply. | See Rates & Fees
  • 5x Avios points on Aer Lingus
  • Annual Companion Certificate
  • Priority Boarding on Aer Lingus Flights
  • $95
British Airways Visa Signature® Card
Learn More Terms Apply. | See Rates & Fees
  • 5x Avios per dollar spent on purchases with British Airways
  • 10% Discount on British Airways Flights
  • Reward Flight Statement Credit
  • $95
Iberia Visa Signature® Card
Learn More Terms Apply. | See Rates & Fees
  • 5x Avios per dollar spent on purchases with Iberia
  • 10% Discount on Iberia Flights
  • Iberia $1,000 Flight Discount Voucher
  • $95

Bottom line

Iberia Plus is offering a 50% bonus on purchased Avios, which has the potential to represent a solid deal. You could be purchasing Avios for as little as 1.42 cents each, which is potentially attractive.

There are some unique uses of Iberia Avios, or alternatively you can transfer them to British Airways, assuming you’ve had both accounts open for at least 90 days.

Do you plan on purchasing Iberia Avios with a 50% bonus?

(Tip of the hat to YHBU)

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  1. Matt K.

    Just figured it out this AM. In order to get the price in Euros, you have to change your Iberia Plus address in your profile to a Spanish address.

  2. Thomas

    @ Don F. I also tried VPN every way, internet and android app, and still no luck--will only sell in USD.

  3. Don F.

    Same issue with USD vs EUR. Tried VPN and toggled country, no luck. Thoughts?

  4. glennt

    @Thomas
    Have you tried using a VPN to access?

  5. Thomas

    Dear Ben,
    Even when, at the top of the Iberia.com webpage, I set "España" as my location, and select "Español" as my language, the portal will only sell Avios to me in USD and at the US rate. Thus--although I am conducting the entire transaction in Spanish--the purchase of 200.000 Avios plus 100,000 bonus Avios is priced at "5,523.00 USD." It will not sale to me in Euros. They seem to be on to the trick.
    Do you know any way around this?
    Thank you

Featured Comments Load all 8 comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Matt K.

Just figured it out this AM. In order to get the price in Euros, you have to change your Iberia Plus address in your profile to a Spanish address.

Don F

Still USD for me too

Don F

Same here

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