Iberia ‘buy Avios for 1p’ promotion extended by a week

Iberia Plus, the Iberia frequent flyer scheme which also uses Avios as its reward currency, has extended its current ‘ buy Avios’ bonus by a week.  The offer now closes on October 4th.

The Iberia annual cap on buying points was recently raised to 100,000 Avios per year.  Moreover:

Iberia has reset ‘purchases to date’ to zero, allowing everyone to buy the full 100,000 irrespective of other purchases in 2015

There is a 30% bonus on purchases made by 4th October – this is the new extended deadline

Iberia bonus

Is this a good deal?

Not really – although there may be specific circumstances, unique to you, where it makes sense because of how you redeem.  If you generally use Avios to upgrade cash tickets, for example, or always use a British Airways American Express 2-4-1 voucher, it may make sense.

At the top end, you will be paying €1,800 for 100,000 Avios.  The bonus takes that to 130,000 Avios.

On the current generous exchange rate, you will pay £1,335.  That is exactly 1p per Avios point.

My personal target for picking up Avios points is no more than 0.75p and preferably lower – I know that I won’t lose out at that level.  You may well be able to achieve more than 1p per Avios when you redeem but – given that Avios seats are harder to find than cash seats and that you are tying up your cash in points – I would want to be sure I was making substantial savings before jumping in.

On the upside, this is a very easy way of obtaining points.  No trips to Tesco required, no convoluted flying routes, no credit card applications required.

If you are interested in this offer, the ‘buy Avios’ page at iberia.com is here.  The 30% bonus only shows when you are logged in and on the order page.

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

Big boost to the sign-up bonus on the Emirates Skywards credit cards
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Comments

  1. Mixing it up with other earning channels is Tesco, Amex etc then the OVERALL cost may well be under 0.75 or indeed less. Combining with the BA 2 4 1 and it may be the difference from getting your desired class from your local UK airport to where ever, as opposed to flying via Denmark, Norway etc

  2. Does anybody know if you get double points with Amex Gold? MBNA Amex?

    Ie classified as foreign currency or travel spend?

    • It is FX spend – probably NOT travel spend as they use a third party to process these transactions and your card statement will say points.com and not Iberia.

  3. OTP but I thought it may be useful for some readers

    We had booked one of the ex-EU business class fares to maintain our Silver status (gained for first time thanks to this site last year). Our itinerary was DUB->LCY->JFK->LAX->SFO. A fire at Dublin airport on day of travel meant LCY-JFK had already left when we got to LCY so got rerouted as LHR-LAX-SFO. LAX-SFO was in fact on United (originally American but LHR-LAX was delayed and US immigration isn’t the quickest either). In short ended up with 180 tier points instead of 450. Called BA, they agreed in principle I should get tier points and miles as per original itinerary booked. 3 calls, 2 emails (1 rejecting , 1 claiming correct tier points credited) later finally today I got all the tier points as per original itinerary.
    BA’s service when it mattered the most (missed flights) was really good. Staff presented us with various routing options (we just missed the direct flight to SFO and decided to go via LAX to experience A380 business class though we were offered a flight via Seattle reaching an hour earlier), BA also ordered a cab for us from LCY to LHR.The Cab meter read nearly £150 though we did not have to pay anything.
    Interestingly, we got 100% Silver tier bonus miles for all BA flights but only 50% bonus for all AA flights in itinerary. The BA rep said that tier points and miles for one world flights (other than BA but booked with BA) are always credited as per rules in place at time of flying whereas for BA flights it is as per rules in place at time of reservation. This information was new to me and while it did not impact us other than fewer avios on AA, it could very easily have had an impact if I had any non BA economy flight or if tier points on AA flights would have changed.

    • How long did this take? Similar issue due to 2 involuntary re routes on the same itin.
      Mine is back with the back office for the third time and 8 weeks later I have had replies that were 100% positive and then 100% negative.

      • 1 month in my case. In fact for the BA flights it was within 2 days but getting AA flights credited was a real pain and apparently back office had to send request to AA who process all such requests once a month and finally today I had the flights credited.

  4. OT but related to Iberia: has anyone figured out how the Iberia bidding for flights system actually works?? Thanks! 😉

  5. Is this offer still on? For me, when I’m logged in and follow the link the I get …’We are sorry to inform you that this service is not available.’

    • It’s still on, mine got credited today, bought yesterday.

      I’ll do the maths once I get my Amex conversion rate posted, I used MBNA so it takes a day or longer to see the transaction.

      Raffles posted 10/9, EUR/GBP conversion @ 1.375 (buy 1.35)
      Me worse @ 1.352 (buy something like 1.325)
      But with my double Avios I’m hoping I’ll have paid well under 1p

      • Ah we worked it out, one of our accounts is not active at the moment, the other account worked just fine :)

  6. Avios are giving 35% bonus when you buy 100000 Avios is this a good deal?

    • No. Still well over 1p per point. At 1p per point it is possibly justifiable but above that, only worth it if you need a small amount to top up your balance to a redemption.