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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 UK credit cards

How to earn Avios from UK credit cards (April 2024)

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

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways American Express Premium Plus

25,000 Avios and the famous annual 2-4-1 voucher Read our full review

British Airways American Express

5,000 Avios for signing up and an Economy 2-4-1 voucher for spending £15,000 Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points. These points convert at 1:1 into Avios.

American Express Preferred Rewards Gold

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

The Platinum Card from American Express

40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review

Run your own business?

We recommend Capital on Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,500 Avios.

Capital on Tap Business Rewards Visa

Huge 30,000 points bonus until 12th May 2024 Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus.

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

There are also generous bonuses on the two American Express Business cards, with the points converting at 1:1 into Avios. These cards are open to sole traders as well as limited companies.

American Express Business Platinum

40,000 points sign-up bonus and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

20,000 points sign-up bonus and FREE for a year 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.

Comments (4)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Gibraltar Airport Flyer says:

    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.

    • Raffles says:

      Interesting, thanks. I tried pricing up a BA redemption online but it didn’t offer Avios & Money as an option.

  • 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.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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