Chase Sapphire Reserve℠

Buy Iberia Avios for Just 1.05 Cents Each

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Update: Some offers mentioned below are no longer available. View the current offers here – British Airways Visa is currently selling Iberia Avios at incredible rates. There are four different options available:

  • 2,000 Avios for 19 euros (~$21; 1.05 cents apiece)
  • 4,000 Avios for 49 euros (~$53, 1.35 cents apiece)
  • 8,000 Avios for 99 euros (~$108, 1.35 cents apiece)
  • 12,000 Avios for 149 euros (~$162, 1.35 cents apiece)


  • Purchase by December 23 (6pm Eastern Time)
  • Limited to only one purchase of the 2,000 Avios option
  • Limited to five purchases each of 4,000; 8,000; and 12,000 Avios options
  • Limited to 60,000 total purchased Avios
  • There may be a maximum number of each sold, so purchase quickly!

Use the Iberia Portal to Boost Your Purchase

Earn 16 Avios for every euro spent on!
Earn 16 Avios for every euro spent on

You can use Iberia’s portal IberiaPluStore to earn 16x Iberia Avios for purchases. This brings the cost of purchasing 2,000 Avios (+304 bonus) effectively down to 0.9 cents per point.

Steps to Maximize This Deal

  1. If you don’t have an Iberia Plus account, register online.
  2. Sign in to your Iberia Plus account.
  3. Navigate to the IberiaPluStore. Note that this site has been experiencing technical difficulties recently.
  4. Click the Groupon link in the bottom-right “Most Popular” window.
  5. There should be a banner at the top of the homepage for this offer. I can’t find a way to search for it otherwise.
  6. Choose the packages that you want to purchase. Maximize the deal by selecting 5x 4,000 Avios and 5x 8,000 Avios packages for 740 euros (~$804).
  7. Use a card that doesn’t charge a foreign transaction fee.
  8. Complete your purchase.
  9. Redeem your Groupon voucher(s) before January 10th.
  10. Check back in a week to confirm your IberiaPluStore bonus Avios posted.

Transferring to British Airways Avios

On the fence about purchasing? After all, you might be wondering what you’d do with all of these Iberia Avios.

Transfer Iberia Avios to British Airways Avios.
You can transfer Iberia Avios to British Airways Avios.

If you value British Airways Avios highly — TPG pegs them at 1.6 cents each — you might be interested in transferring your purchased Iberia Avios to British Airways Avios.

Good news: You can easily transfer Avios 1:1 between Iberia and British Airways, but there are some limitations. Both of your accounts — British Airways’ Executive Club and Iberia’s Iberia Plus — must have been open for at least 90 days. So, if you just opened an Iberia Plus account — as I did for this promotion — you’ll need to wait 90 days to transfer IB Avios to BA Avios.

In the meantime, you’ll need to find a way to generate activity on your British Airways account. I’m planning on creating this activity by making a purchase on my British Airways Visa Signature Card in the next few days. Then, there are about 85 days left, which will be more than enough for the Chase statement to close and for Chase to transfer miles to British Airways.

Don’t have the British Airways Visa Signature Card yet? You’re in luck, as you can open the card and earn a total of 100,000 bonus Avios.

Other Uses of Iberia Avios:

Iberia redemption chart
Iberia redemption chart, showing one-way distances in miles.

Similar to British Airways’ Avios, Iberia Avios are redeemed based on a distance-based chart and have peak and off-peak dates. Redemptions depend on which airline you’re flying, with Iberia flights costing the fewest miles.

One of the advantages of keeping your purchased Iberia Avios rather than transferring them to British Airways Avios is reduced fuel surcharges on award flights.

Use 34,000 Avios to fly nonstop from JFK to Madrid.
Use 34,000 Avios to fly round-trip nonstop from New York (JFK) to Madrid (MAD).

For example, take New York (JFK) to Madrid (MAD). Booking with Iberia Avios, you can fly in “Blue” economy — which just means no changes are allowed without a fee — for 34,000 Iberia Avios + $179.49 cash round-trip.

BA redemption
The exact same flights are over $400 more through British Airways!

The exact same flight purchased through British Airways would cost 34,000 British Airways Avios + $588 cash round-trip. So, you save over $400 in fuel surcharges by booking with Iberia Avios.

Bottom Line

This is an incredible deal; you can purchase Iberia Avios — which you can transfer to British Airways Avios with a few steps — for as little as 0.9 cents apiece after the portal bonus.

Or, you can maximize the deal by purchasing 60,000 Avios for just 740 euros (~$804). After the portal bonus of 11,840 Avios, you’re effectively purchasing Avios for just 1.12 cents each.

As both Iberia Avios and British Airways Avios don’t expire if you’ve had any activity in the past 36 months, you have plenty of time to figure out how you’d like to use them.

H/T: FlyerTalk

British Airways Visa Signature® Card

Apply Now
  • 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months of account opening.
  • Every calendar year you make $30,000 in purchases on your British Airways Visa card, you'll earn a Travel Together Ticket good for two years.
  • In addition to the bonus Avios, you will also get 3 Avios for every $1 spent on British Airways purchases and 1 Avios for every $1 spent on all other purchases.
  • Pay no foreign transaction fees when you travel abroad.
  • Chip Technology allows you to use your card for chip based purchases in Europe & beyond, while still giving you the ability to use your card as you do today at home.
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 16.24%-23.24% Variable $95 0% Excellent Credit