Maximise your Avios, air miles and hotel points

Big 50% bonus when you buy Avios points via Iberia – 1.0p each

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Let’s party like 2008.

With the IAG share price falling fast, the word has clearly gone out that cash needs to start coming through the door.  We have already seen British Airways offering a 35% bonus on point transfers from hotel loyalty programmes which means BA receives a large cheque from the hotel company.  I would even be willing to bet on seeing a Tesco conversion bonus soon.

Avios wing 7

I normally do not recommend buying Avios unless you need to ‘top up’ an account for an immediate redemption. With a few exceptions, buying a large proportion of the miles you need is rarely a good deal.

This is different.  Iberia Plus is currently offering a bonus of 50% on purchases of Avios points. This deal runs until Wednesday 6th July, see here for further details.

Note that you need to log-in to see details of the bonus offer. Without logging in, the page just shows the standard pricing.

There is no minimum purchase.  Even a 2,000 Avios purchase gets you 1,000 bonus Avios.

At the top end, you will be paying Euro 1,800 for 150,000 Avios (100,000 + 50%).  It is slightly foolish putting in an exchange rate as it will be hopelessly out of date by the time you read this, but assuming €1.20 this works out at exactly 1.0p per Avios.  You would need to add a 3% foreign exchange fee to this price if your credit card has one.

I would not usually be a buyer, even at this price.  1p per Avios is usually my target value when I redeem, not my target price to buy.  Your personal valuation may be different – if you only ever redeem using 2-4-1 vouchers, for example, you are likely to value a point more highly.  It may make sense for you if:

you have a specific redemption in mind where you know you will get over 1p per point of value

you value the ‘easy points’ aspect of this offer (no need to visit Tesco, apply for a new credit card etc etc)

You MUST have been an Iberia Plus member for 90 days before you can buy points. You must also have a balance greater than zero. This is easily fixed if you have previously earned an Avios via Iberia with a transfer in from British Airways. If you have never earned an Avios via Iberia Plus then you are stuck and cannot buy until a transaction has gone through your account.


How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (August 2022)

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

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

Barclaycard Avios card

Barclaycard Avios Mastercard

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

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

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

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

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up and an Economy 2-4-1 voucher for spending £12,000 Read our full review

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

EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.

American Express Amex Gold

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

60,000 points, £200 travel credit and an unbeatable set of travel 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 10,000 Avios.

Capital On Tap Business Rewards Visa

10,500 points bonus – the most generous Avios Visa for a limited company 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 card

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.

Amex Platinum Business American Express

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits 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.

(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 (46)

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

  • rams1981 says:

    OT about the AMEX platinum upgrade. I hit the 1k spend, the 20k bonus points posted and the £450 charge hit my account. So can’t get away with not paying the fee!

    • Rob says:

      They seem to have improved their IT then! Most people were not being charged.

      • Liz says:

        We just got our first Platinum statement on Saturday and there was no charge! 🙂

  • Anthony says:

    I have an Iberia Plus account with Zero balance but older than 90 days. Whats easiest way to earn points is there a minimum to transfer in from BA Avios?

    Advice is welcome, thanks.

  • Genghis says:

    Or if you have an Amex, a 1k MR point transfer to IB works too.

  • James says:

    “I would even be willing to bet on seeing a Tesco conversion bonus soon!”

    Not what I wanted to hear after just converting about £120ish into Avios!

    • Rob says:

      Was just talking with a BA employee. Ticket sales have stopped pretty much entirely (in the context of BA) since Friday.

      • Clive says:

        I can honestly see things getting far worse. Exchange rates and lowering of service all going to take a toll on BA for sure. My plans for 2017 have certainly been put on hold until I see some sort of recovery in Sterling.

        • Mr Dee says:

          I would expect a recovery of sterling by then but its definitely a dampener for any travel in the short term as everything has got at least 5% worse for the currencies I was looking at.

      • Lady London says:

        Well Easyjet and Ryanair just released more months of their flights going ahead, so perhaps that’s why BA is currently not seeing tickets selling.

  • Ian says:

    Is it likely that there will be a conversion bonus from Marriott to Iberia higher then 35%?

  • CardiffJock says:

    My Mrs & I each bought 100k Avios via Iberia last month with 40% bonus for about .98p…. Euro was weaker then! We get decent ‘value’/fab travel experience as we use them with 241 BA First long haul each year.

    Can’t buy any more, but looks like you can gift 100,000 plus the 50% to another Iberia Plus holder. I wonder if we can gift each other another £100k….? 🙂

  • Bob says:

    Would the fact that the Iberia bonus has risen in line with the exchange rate to keep it at 1p suggest that these things are aimed at and used primarily by people in the UK?
    If so, it seems it would be simpler for BA to run it in £ from their own website…

    • Mr Dee says:

      I wouldn’t be surprised if this was planned and adjusted for based on the exchange rate on the day before the promotion started, lets hope for a rebound quick!

  • RiverMagic says:

    OT: Does anyone know if purchasing goods >£500 at LHR using Heathrow Rewards immediately triggers premium status (i.e. Earning double point for that transaction), or do we only earn double points from the next purchase?

    Thank you!

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

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