Limited time: Book lie-flat business class to Madrid for 17,000 Avios

Aug 24, 2020

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Editor’s note: This promotion is only valid for residents of the U.S. and Spain.

Want to fly to Europe in a lie-flat business class seat for just 17,000 points plus less than $100 in taxes and fees? Or, how about economy awards for the family from just 8,500 miles per ticket (also with sub-$100 taxes/fees)? This is not the stuff of mileage make-believe. These are real award prices available for a limited time thanks to a 50% discount on Iberia flights to Madrid made by Aug. 30, 2020.

Here’s a closer look at the promotion.

For more TPG news delivered each morning to your inbox, sign up for our daily newsletter!

In This Post

Booking Iberia awards for 50% off

(Photo by Lori Zaino / The Points Guy)

As highlighted by One Mile at a Time, the 50% discount drops the price of Iberia awards from New York, Boston or Chicago to Madrid on off-peak dates to 17,000 Avios in business and 8,500 Avios in economy. class. This discount is available for flights set to depart between Sept. 1, 2020 and March 15, 2021.

In addition to New York, Chicago and Boston, Iberia also operates flights to Madrid from Los Angeles, San Francisco and Miami. Departing from those cities will cost additional points (21,250 each way) due to Iberia’s distance-based award chart. Regardless, it’s still an excellent deal for transatlantic business class.

Note that the prices quoted above are for off-peak travel dates which you can find on the Iberia website. 2021 dates have yet to be officially announced, but they’re bookable online and largely match Iberia’s 2020 dates. Many of these dates have three or more seats available in business class.

One last thing: Iberia’s website shows traditional off-peak pricing when you search for awards. However, the 50% discount will appear when you select the cabin you’d like to fly. You’ll be shown the amount of Avios you need to purchase if you don’t have enough to book.

Iberia 50% Pricing
(Image courtesy of Iberia)

The “Avios and Money” option can be a good deal here too. You can use just 3,400 Avios and $344.34 to book a one-way business class ticket from New York-JFK to Madrid, which is an excellent deal when compared to buying a cash ticket. Do the math and find which works best for your wallet.

Should I book a discounted award now?

(Photo by Christian Kramer/The Points Guy)
(Photo by Christian Kramer/The Points Guy)

As of this writing, Americans are still barred from entering Europe due to the coronavirus outbreak. Unless you have dual European citizenship, we only recommend booking these tickets for early 2021. Even then, there’s still no guarantee that the EU will allow Americans to enter, so you assume some risk when speculatively booking these flights.

A quick word of warning: Iberia’s call center isn’t the best. I’ve personally experienced long hold times and massive delays in point refunds. You may also be charged a cancellation fee if you need to book, so book these discounted tickets at your own risk.

Transfer Points to Iberia

To boost your Iberia account balance, you can transfer points from Chase Ultimate Rewards and American Express Membership Rewards at a 1:1 ratio. Transfers from Chase Ultimate Rewards to Iberia are usually instant, while it can take 48 hours from Amex Membership Rewards.

Membership Rewards points can be earned from credit cards like The Platinum Card® from American Express or American Express® Gold Card. On the other hand, you can earn Ultimate Rewards with the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.

Booking awards using Avios via Iberia can result in paying significantly fewer fees and surcharges than booking via British Airways. It’s possible to transfer your Avios from British Airways to Iberia, but there are some caveats to that process. Namely, both accounts have to be at least 90 days old and have had recent points activity.

This British Airways to Iberia transfer option also gives you a work-around to the 48-hour delay when transferring points from Membership Rewards to Iberia. Amex points transfer instantaneously to British Airways Avios, and you can transfer points from British Airways to Iberia instantly.

Bottom Line

Paying just 17,000 points plus less than $100 in taxes and fees to cross the Atlantic in a lie-flat business-class seat is an excellent deal. This is exactly the kind of deal that makes it feasible to book a family to Europe on the cheap. While the promotion runs until Aug.30, we recommend booking sooner rather than later. Award availability — especially in business class — may be booked up pretty quickly.

Additional reporting by Summer Hull

Featured image by Christian Kramer/The Points Guy

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
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.

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.