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Iberia Plus introduces “Avios plus Money”

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Almost a year after the launch of Avios, Iberia has finally caught up with BA and launched ‘Avios and Money’. 

This may be relevant to you, because Iberia redemptions booked on the Iberia website tend to carry far lower taxes than the same flight booked on (see here for more). 

Once your Iberia account has been open for 90 days, you can move Avios points back and forth from BA or using ‘Combine My Avios’.

A quick trial shows similar pricing to BA.  A Reward Flight Saver from Madrid to Dakar in Business Class will cost you either 40,000 Avios + £34 or, on a sliding scale, down to 20,000 Avios + £194.

You are therefore effectively ‘buying’ 20,000 Avios for 0.8p each, which is a pretty good deal.  I would have taken the 20,000 + £194 option in these circumstances.

The effective price is the same for economy redemptions, which are 20,000 Avios airmiles + £27 down to 10,000 Avios + £107.  Note it prices in Sterling because I am logged in with a UK address.

‘Avios and Money’ only applies to redemptions on Iberia and its subsidiaries, such as Iberia Express and Air Nostrum.

how to earn avios from credit cards

How to earn Avios from UK credit cards (January 2021)

As a reminder, there are various ways of earning Avios from UK credit cards.  Many cards also have generous sign-up bonuses!

There are two official British Airways American Express cards:

British Airways American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review

BA Premium Plus American Express card BAPP

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:

Nectar American Express

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.

If you have a small business, we especially recommend Capital On Cap’s Visa card which comes with a generous bonus worth 10,500 Avios:

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

(Want to earn more Avios?  Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)

Comments (4)

  • Worth adding that it also includes Vueling, and also British Airways – although you have to use the call centre.

    Usefull if you are someone who has some Avios stuck in IB+ due to the 90 days rule (transfer from another scheme etc), so you can’t book by moving it over to your BAEC account.

  • Kane says:

    If I change to a European address will it charge the RFS fee in Euros then? How about for BAEC? Does it need to be a real address?

    • Raffles says:

      BAEC definitely charges in Euro if you have a Euro address. This saves you 20% of Reward Saver fares, eg Euro 27 instead of £27. However, there are major downsides to having a Euro address – you cannot convert Tesco vouchers (although you can convert them to and then move them to BA) and you cannot have a BA Amex card.