About 10 days ago I decided that I should join Iberia Plus. There is no particular reason at the moment, but there are a few arbitrage opportunities available whereby you will earn more Avios from crediting something to Iberia Plus than to BAEC. (I have already discussed car rental opportunities and will do a post on hotel opportunities soon.) You can then transfer your IB Avios across to BA Avios using ‘Combine My Avios’ (under ‘My Account’ under the BAEC bit of ba.com).
Fuel surcharges for Iberia long-haul redemptions are also a lot lower if you redeem via the Iberia website instead of the BA website …. something I will look at soon. This would involve a transfer in from BAEC or avios.com to IB.
However, there is a catch. For some reason, an Iberia Plus account must be open for 90 days before you can transfer in or transfer out. I have therefore got myself an IB account. They have been supremely efficient – more so than BA, who can take weeks and weeks – and my card arrived from Spain within 10 days of joining up. It is a worrying Blue colour, and I don’t see that changing!
As far as I could find, there is no sign up bonus available for Iberia Plus so you might as well just sign up directly on the website.