The Iberia system is a little odd as you can only buy certain numbers of points. Once you get beyond 10,000 Avios then it must be a multiple of 5,000 Avios, pre bonus.
The maximum you can buy is 200,000 Avios – 300,000 with the bonus – for €3,600. That works out at £3,232 so, basically, 1.08p at the top end if you use a credit card with no foreign exchange fees.
I am not a buyer at this price. However, if you are interested, the offer runs until 25th July.
Remember that you cannot transfer Avios out of an Iberia Plus account until it is 90 days old, so there is no point opening one purely to take part in this offer. If you don’t have an Iberia Plus account, I strongly recommend opening one so that you will have one which is older than 90 days in case a good Iberia offer comes along.
This HfP article from our ‘Avios Redemption University’ series shows you how to buy Avios points and which route is the best value from all of the options available.
If you want to learn how to redeem Avios points via Iberia Plus, to save a fortune on taxes and charges, take a look at this article in our ‘Avios Redemption University’ series.
How to earn Avios from UK credit cards (September 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.
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.
EDIT: Applications for this card are temporarily suspended due to IT issues with the British Airways On Business SME loyalty scheme.
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.