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Deal alert: Fly business class to Spain for as little as 49,000 points round-trip

Sept. 01, 2021
4 min read
Deal alert: Fly business class to Spain for as little as 49,000 points round-trip
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We've seen a record number of transfer bonuses go live recently, with a total of 17 opportunities that are available at the time of writing. Both American Express Membership Rewards and Chase Ultimate Rewards are currently offering bonuses for Iberia Plus, which is one of our favorite ways to fly business across the pond for just 34,000 points one-way during off-peak dates.

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With Amex offering a 40% transfer bonus (and Chase offering 30%), this means you could book a round-trip business class flight on Iberia for as few as 49,000 Membership Rewards points or 53,000 Ultimate Rewards points. Taxes and fees will cost you about $220 total.

(Photo by yllyso / Shutterstock.com)

This deal was originally sent out by Thrifty Traveler Premium, and subscriptions are available for just $7.99 monthly or $49.99 annually. This membership fee can easily pay for themselves since you’ll get notified of cheap flights, award flight sales and business-class deals straight to your email.

Airline: Iberia Airlines.
Routes: BOS/JFK/MIA/ORD to Madrid (MAD).
Cost: As low as 49,000 Membership Rewards points or 53,000 Ultimate Rewards points, plus around $220 in taxes and fees.
Dates: January through May 2022.
Pay with: The Platinum Card® from American Express (5x on airfare booked directly with the airline or through Amex Travel, on up to $500,000 on these purchases per calendar year), Citi Prestige® Card (5x on airfare), Citi Premier® Card or Chase Sapphire Reserve (3x on air travel), American Express® Gold Card (3x on airfare when booked directly with the airline or through Amex Travel) or Chase Sapphire Preferred Card (2x on travel).

The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

How to book

Let's quickly walk you through how leveraging these limited-time transfer bonuses can get you a business class steal:

First, we recommend that you sign up for an Iberia Plus account (if you haven't already). Then, you should double check your dates to confirm the award rates. Here's an example of a round-trip flight I found from New York (JFK) to Madrid (MAD) for 64,000 Avios.

(Screenshot courtesy of Iberia)

If you hold any Amex Membership Rewards earning card such as the Amex Platinum or the Amex Gold, here's what you should see when you try to transfer your points:

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(Screenshot courtesy of American Express)

If you're a cardholder of either the Sapphire Reserve or the Sapphire Preferred, this is what you should see when you log onto the Ultimate Rewards portal and select "transfer to travel partners."

(Screenshot courtesy of Chase)

As a reminder, your points transfer to Iberia Plus at a 1:1 ratio for both Membership Rewards and Chase Ultimate Rewards. Note that Ultimate Rewards points transfer instantly, while Amex Membership Rewards points can take up to 48 hours.

From here, calculate how many points you'll need thanks to the given transfer bonuses:

RouteAmex Membership Rewards (40% bonus)Chase Ultimate Rewards (30% bonus)
BOS-MAD49,000 points round-trip53,000 points round-trip
JFK-MAD49,000 points round-trip53,000 points round-trip
MIA-MAD61,000 points round-trip66,000 points round-trip
ORD-MAD49,000 points round-trip53,000 points round-trip

Maximize your purchase

Don’t forget to use a card that earns additional points on airfare purchases, such as The Platinum Card from American Express (5x on airfare booked directly with the airline or through Amex Travel, on up to $500,000 on these purchases per calendar year), Citi Premier® Card (3x on air travel), Chase Sapphire Reserve (3x on travel), American Express Gold Card (3x on airfare when booked directly with the airline or through Amex Travel) or Chase Sapphire Preferred Card (2x on travel).

Featured image by Getty Images/EyeEm
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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TPG featured card

TPG Exclusive Offer
TPG Exclusive Offer
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

1 - 5X points
5XGet 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
1.5XEarn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
1X1X points for each dollar you spend on eligible purchases.

Intro offer

Earn 150,000 points120,000 points
The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.

Annual Fee

$695

Recommended Credit

670-850
Good, Excellent
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.

Why We Chose It

It's hard to find a card that competes with the mile-long list of benefits that come with the Amex Business Platinum. While it's certainly not the card for the average consumer, a business owner with tons of expenses -- especially related to travel -- will find this card incredibly valuable. This card is similar to the consumer version that Amex offers, but with more business-oriented perks around statement credits and earning rates that are a better fit for business owners.

Pros

  • An up to $100 credit for Global Entry or TSA PreCheck application fee every four to five years
  • Up to $400 annual credit for eligible U.S. Dell purchases (enrollment required)
  • Gold status at Marriott and Hilton hotels (enrollment required)
  • Access to the Fine Hotels & Resorts program and Hotel Collection
  • Extended warranty protection
  • International Airline Program and Cruise Privileges Program

Cons

  • Steep annual fee
  • Difficulty meeting $15,000 welcome offer for smaller businesses
  • Limited high-bonus categories outside of travel
  • The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.
Apply for The Business Platinum Card® from American Express
at American Express's secure site
Terms & restrictions apply. See rates & fees
TPG Exclusive Offer
TPG Exclusive Offer
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

5XGet 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
1.5XEarn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
1X1X points for each dollar you spend on eligible purchases.
  • Intro Offer
    The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.

    Earn 150,000 points
    120,000 points
  • Annual Fee

    $695
  • Recommended 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.

    670-850
    Good, Excellent

Why We Chose It

It's hard to find a card that competes with the mile-long list of benefits that come with the Amex Business Platinum. While it's certainly not the card for the average consumer, a business owner with tons of expenses -- especially related to travel -- will find this card incredibly valuable. This card is similar to the consumer version that Amex offers, but with more business-oriented perks around statement credits and earning rates that are a better fit for business owners.

Pros

  • An up to $100 credit for Global Entry or TSA PreCheck application fee every four to five years
  • Up to $400 annual credit for eligible U.S. Dell purchases (enrollment required)
  • Gold status at Marriott and Hilton hotels (enrollment required)
  • Access to the Fine Hotels & Resorts program and Hotel Collection
  • Extended warranty protection
  • International Airline Program and Cruise Privileges Program

Cons

  • Steep annual fee
  • Difficulty meeting $15,000 welcome offer for smaller businesses
  • Limited high-bonus categories outside of travel
  • The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.