It’s back (again). You can buy cheap Avios points simply by heading over to the Spanish version of Groupon.
The fall in the £ in recent months means that this deal is not as good as it was last year, where you were paying as little as 0.7p per Avios. The prices are the same as the September 2016 version although, as the £ has strengthened a little, the Sterling equivalent is cheaper.
This is an Iberia Plus deal. This means that there are two hurdles to jump:
You need an Iberia Plus Avios account (easily fixed by going to iberia.com if you don’t have one)
Your Iberia account will need to be 90 days old before you are allowed to use ‘Combine My Avios’ and send your points across to your British Airways Executive Club or avios.com account
Click here for the Avios page you need on the Spanish Groupon site.
It is best to use Google Chrome to open it. Chrome should offer to translate the text. If it doesn’t, right click on your mouse and a translation option will appear.
There are five price levels. The 2,000 Avios deal is the cheapest but the prices are well above previous deals:
2,000 Avios = €24 (£20.36) = 1.02p
4,000 Avios = €59 (£50.05) = 1.25p
9,000 Avios = €119 (£100.96) = 1.12p
15,000 Avios = €189 (£160.35) = 1.07p
20,000 Avios = €249 (£211.26) = 1.05p
34,000 Avios = €429 (£363.98) = 1.07p
You can buy a maximum of five packages AND 100,000 Avios per Iberia account. However, you are restricted to just one of the ‘2,000 Avios’ packs. The maximum number of Avios you can buy is therefore (20,000 x 5) 100,000 points for €1245.
You can pay by PayPal which may be easier – I did during the previous promotion – although you get legged over on the exchange rate. All other credit cards are accepted including American Express. If you do not use a 0% payment card, remember to factor in the 3% FX fee to the prices shown above.
About 30 minutes later you will receive an emailed voucher. If you don’t, the voucher will also be showing in your account on the Spanish Groupon site. There is a link in the voucher to a page on the Groupon site where you need to input the codes.
You are told that your Avios will take 30 days to appear but, in reality, they have historically turned up quicker.
The big question ….. is it worth it?
For most people, probably not. It isn’t the most straightforward promotion ever. The exchange rate is moving around daily. Paying over 1p per Avios point is also above my comfort zone.
If you need to top off your account or if you have a very specific use for them – where you know you will receive well in excess of 1.1p of value – you may think differently. Double check your maths first though.
How to earn Avios from UK credit cards (October 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:
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.
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.
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.
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.