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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 here
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.
- 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.com; compraravios.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
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.
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 )
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.
Chase Sapphire Preferred® Card
Welcome Offer
60k Points after $4k spend in 3 months
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 60k points after $4k spend in 3 months
- Worth $750 in Chase Travel℠ and way more if you maximize transfer partners
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024
- $95 Annual Fee
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.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
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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