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. For an explanation of our Advertising Policy, visit this page.

A promotion we’ve written about multiple times in the past has returned yet again: the Spanish Groupon website is selling packages of Iberia Avios. Thanks to a beneficial exchange rate and holiday shopping portal bonuses, this is the best offer yet. You can score Iberia Avios for as cheap as 0.97 cents each.

The Groupon DealThe cost per Avios varies based on what package you get, but — before shopping bonuses — you can purchase Avios for as little as 1.09 US cents per Avios:

  • 2,000 Avios for 19 euros (~$22, 1.09 cents each)
  • 4,000 Avios for 59 euros (~$62, 1.55 cents each)
  • 8,000 Avios for 99 euros (~$113, 1.42 cents each)
  • 15,000 Avios for 189 euros (~$216, 1.44 cents each)
  • 20,000 Avios for 249 euros (~$285, 1.43 cents each)
  • 35,000 Avios for 439 euros (~$503, 1.44 cents each)

Amplify the Deal: It gets even better when you buy this Groupon through the Iberia shopping portal. Thanks to a holiday promotion, you’ll earn 13 Avios per euro spent by buying these Groupon packages through the portal.

With these bonus Avios, you can drop the average price to just 0.97 cents per point. That’s more than a 33% discount to the current TPG valuation of 1.5 cents per Avios. That said, to get this deal, you’re going to need to know Spanish or use a website translation tool to purchase:

Groupon Terms and Conditions:

  • The 2,000 Avios package is limited to one purchase per Iberia member.
  • The 4,000, 20,000 and 35,000 Avios packages are limited to five purchases per Iberia member.
  • The 8,000 and 15,000 Avios packages are limited to ten purchases per Iberia member.
  • You must redeem your Groupon voucher for Iberia Avios by Dec. 31, 2018. You don’t need to use the Avios by this date.

While the optimal 0.97 cents per Avios rate is only available for one package of 2,000 Avios, there’s an opportunity to rack up a lot of Avios at a reasonable rate through this deal. If you purchase 1x package of 2,000 Avios, 5x packages of 35,000 Avios and 10x purchases of 15,000 Avios, you’ll end up with 380,352 Avios (after the portal bonus) for a cost of €4,104 (US$4,700). That’s a blended rate of 1.24 cents per Avios.

Steps to Maximize This Deal

  1. If you don’t have an Iberia Plus account, register online.
  2. Start at the Spanish version of the IberiaPluStore home page and log in to your account at the upper right corner where it says “Acceder.” If you try to start directly from the English version of the page or directly at the Groupon page, you may get an error. Then after you’re logged in, you may need to switch the language into English using the “Idioma” box at the upper left corner.
  3. Navigate to the IberiaPluStore’s Groupon page.
  4. Click “Shop Now” to be transferred to Groupon with a tracking cookie. Then search “Avios” at the top of the page.
  5. Choose the package(s) that you want to purchase.
  6. Try using a card that doesn’t charge a foreign transaction fee. If you run into errors, try using PayPal to pay. While I’ve had to do so in the past, I had no trouble using my Chase Sapphire Reserve this time around.
  7. Complete your purchase. You should be able to retrieve your voucher within a few minutes.
  8. Redeem your Groupon voucher(s) via this Google Docs form before Dec. 31, 2018. When you submit the voucher code and your Iberia Plus account number, the form notes it takes 10 days for the Avios to post to your IberiaPlus account. So, be prepared for this delay.
  9. Check back to confirm your IberiaPluStore bonus Avios posted. It typically takes a few weeks before these bonus Avios post, so don’t expect them immediately either.

Why Buy Avios

While there are some great uses using Iberia’s chart itself, the most-relevant redemptions for TPG readers are for domestic American Airlines awards. The cumulative distance-based Iberia award chart starts at just 11,000 Avios for flights less than 600 miles. Iberia used to require round-trip award flights on American Airlines, but Iberia just started allowing one-way AA award flights.

Whether one-way or round-trip, you can fly up to 2,000 flight miles on American Airlines award flights for just 17,000 Avios. And you can buy two packages of 8,000 Avios — ending up with 18,574 Avios after the portal bonus — for $227. Taxes and fees on a round-trip are around $20.

However, a much more lucrative use of Avios is flying overseas in premium cabins. For example, it takes just 34,000 Avios one-way — or 68,000 Avios round-trip — to fly from New York (JFK), Boston (BOS) or Chicago (ORD) to Madrid (MAD) in business class. And taxes and fees are reasonable:

The simplest way of getting this for cheap would be to buy 4x packages of 15,000 Avios for $868. Adding the 60,000 Avios to the 9,828 bonus Avios (€756 x 13) for buying through a portal nets you 69,828. After adding in the taxes and fees, you’d pay less than $1,100 for a round-trip business class flight to Europe.

I’ve used Avios that I purchased during one of the previous times this offer was available toward the 25,500 Avios needed to book a one-way premium economy flight from New York’s JFK to Madrid (MAD) during an off-peak date.

Iberia A340-600 premium economy cabin with bathroom
Fly in premium economy between the US and Europe for just 25,500 Avios one-way on off-peak dates.

Transferring to British Airways Avios

You can also transfer Avios from your Iberia account to your British Airways account. But, there are some limitations before you can do so: 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 open an Iberia Plus account for this promotion, you’ll need to wait 90 days to transfer Avios from Iberia to British Airways.

In addition to the 90-day rule, you need to make sure your personal information is listed identically in both Iberia’s and BA’s systems before you’re allowed to transfer between accounts. This is the roadblock that I ran into when trying to book the Iberia premium economy flight at the last minute. It seems your birth date, email address and name all have to match before the transfer can occur.

Once your Avios are transferred, you can take advantage of British Airways’ distance-based award chart. Need more British Airways Avios? You can earn up to 100,000 Avios from the British Airways Visa Signature Card.

Bottom Line

For those looking for cheap Avios, this is a great opportunity to get points for as little as 0.97 cents each — although you’ll be paying more like 1.22 cents each to purchase a stash. While this is a great rate, it’s a hassle to have to buy the Avios through Spain’s Groupon page and wait up a couple of weeks for all of the points to post. But hopefully the step-by-step instructions above based on our experience from past similar deals will make it an easy deal to utilize.

British Airways Visa Signature® Card

 

Apply Now
More Things to Know
  • 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months from account opening.
  • Earn an additional 25,000 bonus Avios after you spend $10,000 total on purchases within your first year from account opening for a total of 75,000 bonus Avios.
  • Earn a further 25,000 bonus Avios after you spend $20,000 total on purchases within your first year from account opening for a total of 100,000 bonus Avios.
  • 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 on Purchases
N/A
Regular APR
17.99% - 24.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

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.