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Chase and Iberia just launched a co-branded credit card: the Iberia Visa Signature Card. And the card is coming out swinging with up to a 75,000 Avios bonus, plus an opportunity to earn a $1,000 discount voucher after meeting spending requirements.

For those who aren’t familiar with Iberia Avios, there are some great uses of this mileage currency. Right now, you can book one-way business-class awards to Europe from just 25,500 Avios — a steal compared to what most mileage programs would charge. During non-promotional times, you can book off-peak flights to Europe in Iberia’s premium economy for just 25,500 Avios one-way. Or, you can also transfer Iberia Avios to British Airways Avios (1:1) to utilize the sweet spots that mileage-based program.

Sign-Up Bonus: This card offers two tiers to the sign-up bonus:

  • 50,000 bonus Avios for making $3,000 in purchases within 3 months of account opening
  • 25,000 bonus Avios for making an additional $7,000 in purchases (for a total of $10,000) within 12 months of account opening

The terms and conditions restrict “current cardmembers of this credit card” as well as “previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months.” Considering this is a brand-new card, no one should be limited by these restrictions at this time.

Earning From Spending: Cardholders will earn 3 Avios points for each dollar spent on “flight purchases made directly with Iberia, British Airways, Iberia, LEVEL and OpenSkies.” All other purchases will earn 1x Avios.

$1,000 Discount Voucher: A unique feature of this card is the ability to earn a $1,000 discount voucher toward Iberia flights for making “$30,000 in purchases in a single calendar year.” Only one discount voucher can be earned per calendar year. The voucher will come in the “form of a code that can be applied by a Cardmember for a discount of $1,000 when purchasing two tickets, for the same flights in the same class of travel.” Seemingly, the $1,000 voucher can only be used to discount the base fare.

10% Off Flights: Just like the British Airways Visa Signature Card, this card will save cardholders 10% off Iberia-operated flights booked through a dedicated booking page. We will need to test this discount to see if all Chase cards work for the discount — like with the British Airways 10% off discount.

Annual Fee: $95 per year. Unfortunately, this annual fee isn’t waived for the first year.

My Application: I applied for this card this afternoon to see if Chase had indeed fully launched this card. Unfortunately, my application went pending. When I called Chase’s reconsideration line, the Chase agent noted that this is the first Iberia card that she’s processed and apologized for taking extra time.

From this call, I found out that the minimum credit line required to be approved for this card is $5,000. And the reason my application went to pending online was Chase wasn’t comfortable extending more credit to me at this time. However, I was able to reduce my overly generous Chase Sapphire Reserve credit line by $5,000 to be approved for this new card.

As I was approved despite being far above 5/24, it seems that Chase isn’t restricting these cards to those under 5/24 at this time.

The information for the Iberia Visa Signature Card has been collected independently by The Points Guy. The card details on the page have not been reviewed or provided by the card issuer,.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), up to a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
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Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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