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 €3,601. That works out at £3,093 so, basically, 1.03p at the top end if you use a credit card with no foreign exchange fees.
However, for some reason, the Iberia website wants to charge both my wife and myself in US$ at the inflated rate of $5,523 for 300,000 Avios. This is a terrible deal. I don’t understand a) why UK residents are seeing the $ price and indeed b) why the price is so much higher for US customers in the first place.
If you can get the site to display pricing in Euro – which is far cheaper than US$ – the offer runs until 28th February.
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 for the next time a good Iberia offer comes along.
IMPORTANT: In the last week I have had two reports of readers being unable to transfer Avios from avios.com to British Airways because they had a BA household account. This is not meant to be the case. Other people have not reported issues. Let me know if you have any trouble.
This HfP article from our ‘Avios Redemption University’ series shows you which is the cheapest way to buy Avios points 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 (January 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:
SPECIAL OFFER: Until 21st February 2023, the sign-up bonus on the British Airways Premium Plus American Express card is increased to 35,000 Avios from 25,000 Avios. You can apply here.
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.
SPECIAL OFFER: Capital On Tap has increased its sign-up bonus to points worth 30,000 Avios if you apply by 4th February. This is exclusive to Head for Points readers. Click here to apply.
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.