Book now: Fly to Spain this fall for just 6,400 Avios
Looking for a last-minute getaway to Europe before the new year? Well, you're in luck! Spain's national airline, Iberia, is offering 60% off award flights from major U.S. cities to Madrid, which means you can book a one-way economy seat for as low as 6,400 Avios plus applicable taxes and fees (first reported by Upgraded Points).
However, this deal ends Sept. 11, so you must book fast if you want to squeeze in a fall trip to Europe.
Keep reading to find out more about how you can book this flash deal to Madrid using Avios or your credit card rewards.
Iberia Club deal: Book a flight to Madrid for just 6,400 Avios
Iberia Club is offering 60% off award redemptions to Madrid on basic economy fares for flights through Dec. 4. Note that basic economy fares only include a carry-on and a personal item; a checked bag is available for purchase. Additionally, seat selection is available for a fee.
Related: How to book Iberia flights to Spain (and beyond) using Avios
Airline: Iberia
Routes: Fly from various U.S. airports to Madrid:
- John F. Kennedy International Airport (JFK), O'Hare International Airport (ORD), Dulles International Airport (IAD) and Boston Logan International Airport (BOS): 6,400 Avios
- Los Angeles International Airport (LAX), Miami International Airport (MIA) and Dallas Fort Worth International Airport (DFW): 8,000 Avios
Price: Starting at 6,400 Avios from select airports, plus about $90 in taxes and fees one-way
Travel dates: Oct. 1 through Dec. 4
Book by: You must book this deal by Sept. 11.
How to book: If you don't have Avios in your Iberia account, you can also transfer points to Iberia Club from the following programs at a 1:1 ratio: American Express Membership Rewards, Bilt Rewards, Chase Ultimate Rewards and Wells Fargo Rewards.
TPG tip: Did you know that you can also transfer Avios between the six programs — British Airways Club, Aer Lingus AerClub, Qatar Airways Privilege Club, Iberia Club, Finnair Plus and Loganair Loyalty — at a 1:1 ratio? Therefore, you can also transfer Capital One miles to British Airways Club or Citi ThankYou Rewards points to Qatar Airways Privilege Club to have Avios in those accounts, then transfer those Avios to Iberia Club to book this deal.
Editor's note: Iberia's website is not always the most reliable or user-friendly. More often than not, I was hit with an "error" message while searching for this deal and had to keep refreshing my screen before I could see fares. Therefore, before transferring any of your rewards, search for flights and take screenshots of award availability in case you need additional assistance and have to call to book this deal.
Related: Credit card transfer partners: Guide to transferring points and miles to airlines and hotels
Bottom line
This is a great deal to Europe, especially for those who love to budget their points and miles. Booking a round-trip flight to Europe for less than 13,000 points or miles is almost unheard of, as most airline loyalty programs will charge double that for just a one-way flight. Plus, some even attach high cash surcharges to award tickets.
Even if Madrid is not on your bucket list, you can use this deal as a positioning flight to get you across the pond at a discounted rate. Then, you can opt to fly from Madrid to another destination — hello, German Christmas markets — using cash or points and miles, most likely at a more budget-friendly rate.
Keep planning your trip:
- How to travel to Madrid on a budget and still have a great time
- Travel to Europe using points and miles: How to redeem your rewards for flights
- 12 European destinations that are best experienced in the fall
- History and luxury meet: A review of the Mandarin Oriental Ritz, Madrid
- Best travel credit cards of September 2025
TPG featured card
Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month