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Through December 15, 2016, Iberia is offering a 50% bonus on transfers of American Express Membership Rewards to Iberia Avios. Normally, the minimum transfer requirements of 250 points would yield 200 Avios, but during the period of the promotion, 250 Membership Rewards yields 300 Avios, netting a transfer ratio of 1:1.2
The bonus is hard-coded into the promotion and bonus Avios are automatically credited at the time of the transfer.
Other Benefit with British Airways
A hidden benefit of this deal is the relationship between Iberia and British Airways, and the fact that you can transfer Avios between their programs free of charge.
The biggest hurdle for the transfer is that both the Iberia Plus and British Airways Executive Club accounts must be open for 90 days to complete a transfer. In addition to the time limit, both accounts need to have had some activity. This could be anything from crediting a flight, to transferring a few points from American Express or SPG.
If you are looking at this deal and are already thinking of moving Avios points to your BA accounts, you can sign up for an Iberia account. The sooner you do, the earlier the 90-day counter starts, and the quicker you can move their Avios.
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