30% discount on buying Avios via Iberia Plus – a good deal?

Iberia Plus is currently offering a 30% bonus on purchases of Avios points. This deal runs until 27th October, see here for further details.

Note that you need to log-in to see details of the bonus offer.

Iberia 30 per cent bonus

At the top end, you will be paying Euro 459 for 31,200 Avios (24,000 + 30%). That works out at 1.25p per Avios, based on £389. You would need to add a 3% foreign exchange fee to this price if your credit card has one.

This is cheaper than buying Avios via BAEC or avios.com, where you will pay £399 for 24,000 (1.66p). However, you must have been an Iberia Plus member for 90 days before you can transfer Avios across to BA. It is also a lot more expensive than picking up Avios points via a Tesco promotion.

The other aspect of interest is the bonus on transferring Avios to someone else (ie your partner!). This is also a poor deal, though. Transferring the maximum 24,000 Avios to someone else incurs a fee of €160. Assuming that you receive (30% x 24,000) 7,200 Avios as a bonus, you will have effectively paid €160 for them. That works out at 1.88p per Avios – very poor indeed.

(Want to earn more Avios? Click here to see our latest articles on earning and spending your points and click here to see our list of current Avios promotions.)

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Comments

  1. My Spanish isn’t great – and clicking ‘English’ on the website produces a Not Found – so I’m not sure if this is the same offer as I saw last week and is described on FlyerTalk

    If it is, the offer requires payment by Iberia Sendo (Spanish) credit cards, rendering it even less attractive for those like me without a Spanish credit card.

  2. Dannyrado says:

    Raffles, I’m damned if I can find your posts regarding buying Amex MR points. Do you have a link?