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
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.
How to earn Avios from UK credit cards (December 2023)
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:
There are two official British Airways American Express cards with attractive sign-up bonuses:
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.
SPECIAL OFFER: Until 9th January 2024, you will receive 30,000 Membership Rewards points (convertible to 30,000 Avios) with American Express Preferred Rewards Gold. You receive 25,000 points if you spend £3,000 in three months and a further 5,000 points if you hold the card for 15 months. You can apply here.
SPECIAL OFFER: Until 9th January 2024, you will receive a huge 100,000 Membership Rewards points (convertible to 100,000 Avios) with The Platinum Card. You receive 75,000 points if you spend £10,000 in six months and a further 25,000 points if you hold the card for 15 months. You can apply here.
American Express Preferred Rewards Gold
Your best beginner’s card – 30,000 points (TO 9th JANUARY), FREE for a year & four airport ….. Read our full review
The Platinum Card from American Express
Crazy 100,000 points (TO 9th JANUARY) 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.
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.
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.
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.