American Express Membership Rewards 20% Transfer Bonus to Iberia

by on September 19, 2011 · 9 comments

in American Express, Iberia

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Iberia and British Airways are the main Oneworld transfer partners of the American Express Membership Rewards program. British Airways recently ran a 50% transfer bonus, which provided exceptional value based on the routes you wanted to redeem, since British Airways charges hefty fuel surcharges on their flights to Europe.

Iberia also charges big fuel surcharges on some international flights (like British Airways and Qantas), but generally doesn’t for their own or coach flights. Their online engine isn’t perfect (it doesn’t include a lot of Oneworld partners like Cathay Pacific), but it is pretty quick and accurately prices Iberia, British Airways, American, Qantas and Lan itineraries.

Their award charts are a bit confusing because some are based on distance and some on region. Click here to see their Iberia award chart.

Overall, there are definitely some deals with this 20% bonus.I recommend playing around with some sample flights and doing the math on your own. To convert the amount of Iberia points into the amount of American Express points you’d need to transfer during this promotion simply divide the Iberia points require by 120 (with no transfer bonus you’d use 100) and then multiply that number by 1,400.

Click here to get your own Iberia Plus account. Note: The program will be rolled into the new Avios program as of November 16, 2011 so keep that in mind before transferring any points – I highly recommend using them before the new program starts.

Here are some sample itineraries:

Iberia JFK-Madrid saver award for 3,150 points (36,750 Amex) and $62

British Airways First JFK-London 9,500 points (110,000 Amex) versus 150,000 British Airways and similar fees

Miami to Madrid in business class for 6,300 points (73,500 Amex) and only $58 in fees vs 100,000 on both BA and AA

Miami to Lima in business class for 6,300 points (73,500 Amex) and $90 in fees vs 80,000 BA or 60,000 AA

Iberia Madrid to Amsterdam for 1,300 points (15,166 Amex) vs 20,000 AA ... these flights are often very expensive due to few low cost carriers, so they can be great values

American Airlines JFK-Toronto for 1,600 points (18,666 Amex) vs 25,000 AA/BA

Qantas Sydney to Los Angeles for 5,500 points (64,166 Amex) and $645 in fees vs 90,000 BA and 75,000 AA

Overall, there are definitely some deals to be had. Iberia is very flexible with award holds, so it shouldn’t be an issue finding an award and putting it on hold for several days while your Amex points transfer (it usually takes about 2 days). I wrote about my experience redeeming an Iberia award earlier this year – I ended up calling the call center in Madrid several times, but if you have a simple itinerary, it may be bookable at

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • abcx

    What’s the stopover and routing/MPM policy? Open jaw?

    FYI, roundtrip awards are significantly cheaper than one-way.

  • abcx

    Also, where is the OW award chart?

  • Anonymous

    Hey Brian,

    Are AA miles also going to be devalued come November time?

  • Anonymous

    Not to my knowledge

  • Federico

    Iberia Plus will be Avios points…, looks like they will a big devaluation for them right?

  • Federico

    I mean:
    looks like they will get a big devaluation for their points right?

  • Anonymous

    Cool! For what it’s worth the JFK-YYZ for 19000 MR is a typical deal. AC charges 15000 Aeroplan points for the route because it’s considered a short-haul. But then you are hit with the famous AC fuel surcharge. Aeroplan total is 15000AP (same in MR) plus $160. Since I value MR at 2.0cpm that makes the deals pretty much equal.

  • Clay


  • Diana

    Hi- I signed up for an Iberia Plus account and then called up Iberia and MR and neither knows about the 20%. How do I get the added 20% to an Iberia ticket that I want??

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