Fantastic deal to buy Iberia Avios for $0.011…if you’re in the UK or Europe

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Buy Iberia Avios with a 50% bonus

Iberia is no stranger to putting their Avios on sale. The current one is structured with a 50% bonus which isn’t really attractive if you’r buying in dollars. However, there is a mega opportunity here. If you haven’t been following the financial markets the past couple of days, you may have missed the bottom falling out of the British Pound. It was an absolute shock when it collapsed below $1.04 per pound and it’s still trading under $1.10. This created an interesting opportunity for those of us with British or even European addresses and Iberia accounts ( The Euro is below a parity at the moment as well). What is this opportunity? You can buy Iberia Avios at incredibly low prices. Let’s take a look:

Read our full review of Iberia Business Class herea stuffed animal on a chair

Buy Iberia Avios with 50% bonus

Here’s the deal which lasts until October 3rd, 2022. It’s pretty straight forward – note that you need to have had activity in your account or open for 3 months, and there is a 200k ( pre bonus ) cap on purchased Avios per year.

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  • 1. This offer is only open to Members of Iberia Plus (Eligible Participants).
  • 2. The offer is available from 00:01 (CET) Thursday 29 September 2022 to 23:59 (CET) Monday 03 October 2022 only (the ‘Offer Period’).
  • 3. During the Offer Period, Eligible Participants will receive 50% extra Avios (bonus Avios) when they Purchase or Gift Avios.
  • 4. This offer is only valid when you Purchase or Gift 2,000 Avios and above. Offer is not valid when you Purchase or Gift 1,000 Avios.
  • 5. Avios can only be purchased or gifted at buyavios.iberia.comcompraravios.iberia.com or via Iberia Plus user journey.
  • 6. Eligible Participants may Gift Avios (purchase for someone else) during the promotional period, provided that the recipient holds an Iberia Plus account with at least one Avios point in their account.
  • 7. The Bonus Avios will not count towards your annual limit of 200,000 Avios.
  • 8. This offer cannot be used in conjunction with any other Purchase Avios offer.
  • 9. Iberia Plus Terms and Conditions and Conditions of Use apply to this offer and can be found at https://buyavios.iberia.com/resources/terms.
  • Note that you have to have had an Iberia account for 3 months or have activity to buy Avios
a man sitting in an airplane holding a stuffed animal
Iberia Business Class A330

You can Buy Iberia Avios in 3 different currencies

Anything stick out to you? The prices in Euros and Pounds are soooooooooo much cheaper when you factor in the exchange rate.

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My address was in the US, but I just changed it to our UK address and it immediately repriced from USD to GBP ( I opened incognito 2 seconds later without a hitch ).

  • USD is $4149 for 225k points = $0.01844
  • GBP is 2415 for 225k = $0.0117 ( at a $1.09 exchange rate )
  • EUR is 2705 for 225k = $0.0117 ( at $0.97 exchange rate )

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Buying Iberia Avios for 1.12 cents per piece is incredible

Here’s a look at the Off-peak and Peak pricing for JFK to MAD ranging from 34k to 50k and r/t roughly $106 in surcharges. Roundtrip, that’s 68k to 100k and $250+/- in surcharges which, with this deal, would equate to under $950 to $1250 roundtrip business class to Europe including all of your taxes. Wow. Of course, you need to find the award availability, match it to your dates, and have a UK or European address. But, still…that’s amazing.

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

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Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

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1 Comment

  • Glenn Lee September 30, 2022

    Can I use a random UK address to purchase? I don’t have a UK address organically haha.

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