From Domestic Hops to Business Class to Europe: Why Buy Iberia Avios With a 25% Bonus (1.84¢ Each) From Domestic Hops to Business Class to Europe: Why Buy Iberia Avios With a 25% Bonus (1.84¢ Each)

From Domestic Hops to Business Class to Europe: Why Buy Iberia Avios With a 25% Bonus (1.84¢ Each)

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This Iberia buy Avios promotion has ended. However, you can still purchase Iberia Plus Avios here.

Now through October 31, 2023, Iberia Plus loyalty members can buy Avios with a 25% bonus. If maximized, U.S. account holders can buy Avios for as little as 1.84¢ each. However, members whose account is based in the European Union and the United Kingdom can buy Avios at a better rate. Members based in the E.U. can pay as little as 1.79¢ per Avios, while U.K. members pay just 1.72¢ each.

Since a majority of AwardWallet members are based in the United States, all pricing mentioned will be in USD. While the pricing for U.S. account holders is slightly more than the E.U. and U.K., we will use the 1.84¢ per Avios value for all examples.

Just keep in mind that if you have an E.U. or U.K. account, you will be able to grab Avios and flights for slightly less than what's stated.

A Note on Buying Avios

We never recommend buying miles speculatively. Programs can devalue at any time, long-term travel plans can change, and the last thing anybody needs is a substantial investment in a currency they can't use. That said, there are a few circumstances where buying points and miles could represent terrific value, especially when they're on sale.

If you only need a few more points to complete a redemption, buying points can be the simplest and fastest way. Moreover, if you're considering paying a cash rate for a premium-class product or a particularly expensive route, it may be possible to save money by buying the necessary points for an award redemption instead. In either case, it's best to have a plan before making a purchase.

Iberia Plus buy Avios 25% bonus promotion banner.

Key Terms for This Buy Iberia Avios Promotion

  • Promotion valid on Avios purchases made through October 31, 2023, at 11:59 p.m. CET.
  • Buy at least 2,000 Avios to receive the 25% bonus.
  • Iberia loyalty members may purchase a maximum of 200,000 Avios (250,000 with the bonus) per calendar year.
  • Purchased Avios are non-refundable.
  • Avios purchases are processed in Euros, Great British Pounds, or U.S. Dollars, depending on the registered country of the Iberia Plus account.
  • You cannot purchase Avios if your current balance is 0 Avios, so you may have to transfer some Chase Ultimate Rewards (transfers are immediate) to your account.
  • Check out all the terms and conditions here.

Be aware, the wording for this promotion can be slightly deceiving. Although members will receive 25% bonus Avios regardless of how many are purchased, the cost per Avios decreases ever so slightly the more you buy — so the more you buy the better the value.

All three account types (U.S., U.K., and EU) will receive the best price per Avios when purchasing 200,000 Avios (250,000 including the bonus).

If You Can, Buy Iberia Avios in British Pounds

The rate for buying Iberia Avios depends on the country where your Iberia Plus account is registered. That means the cost per Avios will be better in one country than the others. That country (this time) happens to be the U.K. Here are how the prices break down for each currency ($1 USD = 0.95 euro and $1 USD = 0.82 pounds):

  • 250,000 Avios (with bonus) in USD = $4,599 (1.84¢ per Avios)
  • 250,000 Avios (with bonus) in EUR = €4,245 (equal to $4,470 USD which is 1.79¢ per Avios)
  • 250,000 Avios (with bonus) in GBP = £3,539 (equal to $4,304 USD which is 1.72¢ per Avios)

(USD and EUR examples below)

Cost of buying Iberia Avios in USD

Price list to buy Iberia Avios in Euros with the current sale

Although the best value comes when purchasing Avios with GBP, Iberia has significantly lowered its fixed prices for U.S. account holders. The premium for buying the same amount of Avios in USD compared to EUR or GBP has dropped significantly, making it much more appealing for U.S. account holders.

Members used to be able to trick Iberia into changing the currency to GBP or EUR by simply changing their region preference to the UK or Europe:

Iberia account menu options

However, Iberia has closed this loophole. Now, “the transaction currency will be pre-determined based on the registered country of the Iberia Plus account.” With that being said, Iberia doesn't ask for proof of residency when changing the address on your account…

When Does Buying Iberia Avios Make Sense?

It's possible to find tons of value in Iberia's Avios program, as long as you know where to look. Some of our favorite uses for Avios are on off-peak Iberia flights in business class across the Atlantic and short-haul flights on AA. Let's take a look at some of these sweet spots to see if you can save money by buying Avios instead of paying a cash rate.

Chicago — Madrid in Iberia business class

lie-flat seat on Iberia business class flight

  • Mileage rate: 68,000 Avios + $308.31 round-trip
  • Cash price: $5,129 round-trip
  • Redemption rate: 7¢ per Avios
  • Cost to purchase 68,000 Avios (at 1.72¢ each): $1,170
  • Cost to purchase 68,000 Avios (at 1.79¢ each): $1,217
  • Cost to purchase 68,000 Avios (at 1.84¢ each): $1,251

Chicago to Madrid round trip cost in Iberia business class in USD from Google Flights.

Charlotte — Grand Cayman in American Airlines economy

photo of interior of economy cabin on a plane with no passengers

  • Mileage rate: 18,000 Avios + $91 round-trip
  • Cash price: $596 round-trip
  • Redemption rate: 2.8¢ per mile
  • Cost to purchase 18,000 Avios (at 1.72¢ each): $310
  • Cost to purchase 18,000 Avios (at 1.79¢ each): $322
  • Cost to purchase 18,000 Avios (at 1.84¢ each): $331

screenshot of the cash pricing on the American Airlines flights being discussed

Los Angeles — Vancouver in American Airlines business class

seats of American Airlines domestic first class product

  • Mileage rate: 33,000 Avios + $151 round-trip
  • Cash price: $1,138 round-trip
  • Redemption rate: 3¢ per mile
  • Cost to purchase 33,000 Avios (at 1.72¢ each): $568
  • Cost to purchase 33,000 Avios (at 1.79¢ each): $591
  • Cost to purchase 33,000 Avios (at 1.84¢ each): $607

Screenshot of the cash price for American Airlines business class round trip flight from Los Angeles (LAX) to Vancouver (YVR) for $1,138 USD via Google Flights.

Maximizing Your Purchase processes purchases of Iberia Avios. Therefore, the purchase won't code as travel if you use one of the best credit cards for travel purchases. Instead, use one of these credit cards:

Since the best price comes when paying in GBP, make sure you're using a card with no foreign transaction fees.

Related: Which credit card should you use to buy points and miles?

Other Ways to Earn Iberia Avios

One of the easiest (and cheapest) ways of topping off your balance is by transferring points from partners. For Iberia, it's particularly easy to accumulate Avios as it's a transfer partner with three of the five major currencies, including:

Transfer Ratio
Average Time
Iberia Plus
1 day
Iberia Plus
Iberia Plus
1 day - 2 days
Accor Group (ALL - Accor Live Limitless)
Iberia Plus
Aer Lingus (AerClub)
Iberia Plus
Iberia Plus
5 days
Best Western Rewards
Iberia Plus
Iberia Plus
British Airways (Executive Club)
United States
Iberia Plus
IHG Hotels & Resorts (One Rewards)
Iberia Plus
Santander (Esfera)
Iberia Plus
1 day

Transfers can be particularly useful if there's a transfer bonus to British Airways, Aer Lingus, or Qatar. Members can take advantage of the transfer bonus and then move the Avios to Iberia freely and instantly.

Finally, you can earn Iberia Avios through a co-branded credit card sign-up bonus and daily spending. Chase partners with all three of the IAG partners, and — since Avios can be transferred interchangeably — you can utilize any of them to earn a respectable amount of Iberia Avios:

Iberia Visa Signature® Card
Iberia Visa Signature® Card
Annual Fee$95
Welcome Bonus Earn 75,000 Avios after you spend $5,000 on purchases within the first three months of account opening.
  • Earn 75,000 Avios after you spend $5,000 on purchases within the first three months of account opening.
  • Earn 3 Avios per $1 spent on purchases with Iberia, British Airways, Aer Lingus, and LEVEL.
  • Earn 2 Avios per $1 spent on hotel accommodations when purchased directly with the hotel. Plus earn 1 Avios per $1 spent on all other purchases.
  • Save 10% on Iberia flights purchased on
  • Earn a discount voucher of $1,000 to use toward two tickets on the same flight for each year you make purchases of $30,000 on your card
  • Pay no foreign transaction fees when you travel abroad.
  • Simply tap to pay with your contactless Iberia Visa Signature Card. Just look for the contactless symbol at checkout. It's fast, easy and secure!
  • Member FDIC
  • 3X Avios per $1 spent on purchases with Iberia, British Airways, Aer Lingus, and LEVEL
  • 2X Avios per $1 spent on hotel accommodations
  • 1X Avios for every $1 spent on all other purchases

Iberia Airlines Partners

When most people think of Avios, the first airline that usually pops into mind is British Airways. However, four major airlines use Avios as their mileage currency: British Airways, Iberia Airlines, Aer Lingus, and most recently Qatar Airways. Plus, Finnair plans to adopt Avios in early 2024.

Avios that are earned in any of these four airline programs can be transferred to each other at a 1:1 ratio — with no transfer fees charged.

Iberia was one of the first members to join the Oneworld alliance — one of three major airline alliances. As a result, Avios that you earn through Iberia can also be used on any one of the 13 different Oneworld members:

  • Alaska Airlines
  • American Airlines
  • British Airways
  • Cathay Pacific
  • Finnair
  • Japan Airlines
  • Malaysia Airlines
  • Qantas
  • Qatar Airways
  • Royal Air Maroc
  • Royal Jordanian
  • SriLankan Airlines

Plus, Iberia Plus members will be able to redeem Avios for flights on Oman Air once it joins the Oneworld Alliance in 2024. In addition to Oneworld partners, Iberia maintains partnerships with five non-alliance partners: Vueling, LEVEL, LATAM, Avianca, and Binter Canarias.

Bottom Line

Iberia's program has its quirks, for sure, but it also presents several distinctive sweet spots. It's also a huge win that the premiums for U.S. account holders to buy Avios have decreased significantly in recent memory, making it less punitive to buy Avios in USD. While we never recommend buying miles speculatively, a 25% bonus provides a few scenarios where it's possible to come out ahead. Just make sure you have a plan.

Are you buying Iberia Avios with a 25% bonus?

5 / 5 - (5 votes)
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  • Too bad I missed this one. Looks like a good deal.

  • are you sure you have to have an open Iberia for 90 days to transfer avios through I know directly from BA to IB you do. The 34K off-peak biz is a narrow window in DC because our IB is seasonal. Unfortunately not many AA savers are showing are showing on any avios program anymore. I miss those.

  • Avios is an excellent program. I always find nice deals between south america and europe.

  • I’ve found Avios very useful for short haul flights.

  • I have already enough Iberia Avios.
    What I am waiting now is that some Latin America countries open their borders ?

  • Excelente programa de pasajeros frecuentes


    Thanks for the info, this is very interesant post.
    I just looking for buy some avios to fly from ARG to EUR.
    Thanks very much

  • This may be a silly question but is there more than one Iberia? I’ve flown on Iberia before to Madrid but I don’t remember Avios.

  • I keep a spreadsheet to track the best Avios price in USD/EUR/GBP – EUR through IB usually wins…

  • Marcelo Frug says:

    Ótima promoção. Vale sempre a pena concentrar milha no Iberia Plus.

  • Is it allowed to buy this Iberia’s Avios promo with the 50% bonus to transfer freely to BA’s Executive Club? Is there any restriction ?

  • Definitely worth investing in Avios with this promo. The examples show how much you can save, and there are many more options. Unbeatable prices for Transatlantice for Lie Flat trips. Thanks for pointing it out!

  • Rotemburo says:

    Needs three months’ minimum membership time…

  • Normally it is not a good idea to buy points or miles, except if it has a bonus

  • linda teresa laura says:

    Los Avios permiten obtener pasajes con otras compañias. Es una buena oportunidad.

  • carlos levin says:

    Esta es una muy buena oferta de Avios si uno tiene que hacer un viaje dentro de poco tiempo.

  • I will buy Avios again!! Spain awaits for me!!

  • IB+ awards on American Airlines are hard to book and are completely non-refundable/changeable.

    This really needs to be pointed out…

  • Gilberto Souza de Morais says:

    Could I buy those Avios with 50% bonus by Iberia and all of sudden, transfer to my British Airways Avios account?

    • You certainly can, or if your BA account is a household, transfer via Aer Lingus Aer Club/ to BA. I sweep all my random IB balances to EI, and then on to my BA household account.

    • Yes you can if your accounts are connected, same address and bozth are older than 90 days with a minimum of 1 Avio on each account.

  • Good promo for those with imminent plans for essential travel.

  • Some real sweet spots in the Iberia Plus programme

  • The example given of Chicago to Madrid in business class for 68000 avios return is exceptional value. The tax and charges are also reasonable when compared against a transatlantic flight with British Airways using avios.

  • As usual, make sure you have an immediate use for the miles if you are buying them. AIrlines have an tendency to devalue at any time, especially Delta which devalued twice within four months.


    Interesting promotion, it is good for those who need to complete the miles that one needs for that desired trip. Do the purchased ones have a 1-year maturity? Greetings.

  • The IB program has so much going for it. One of the too often neglected. This is a solid deal

  • Really good value to fly from South America to Europa in Business Class.

  • I had nothing but terrible experiences with Iberia. However this promotion has many sweet spots with partner airlines. I would strictly go for those but wouldn’t buy the points unless I have an immediate trip coming.
    Thanks for pointing at the euros difference.

  • With airlines in capricious condition, it is like giving them an unsecured loan. So unless you have a use for the miles immediately, it is best to avoid buying miles.

  • I’m not a fan of IB for several reasons. That being said there are not many points I ever consider buying yet these do offer a great value as you’ve highlighted. 34k ew to Europe on lie flat is a deal no matter who the airline. I prefer to use them domestically over BA Avios as I can get more value since their award pricing is distance based and connections are included in the mileage. Of course the RT caveat is important to note.

  • I love the tip to buy the points in Euros. I always forget that sometimes deals are better in a different currency than your home currencies.

  • Juan Ignacio says:

    The deal is awesome, also it’s good to buy Iberia’s Avios to then transfer them to a Brtitish Airways’ account.

  • Not bad – thanks for pointing it out! Still a bit worried if they will still be worthwhile by the time all the borders are open again…

  • Thank you for the information. It would give me the opportunity to transfer my orphaned British airway miles to Iberia.

  • Very interesting that it is better to buy Avios in Euros. These are the things that make reading blogs so important in this game.

  • I think Madrid, Spain, is the Europe gate, and I think Iberia is the main Spanish airline, and very well connected with the rest of Europe. My general experience with Iberia is good. Well, I think I trust Iberia will be there for many, many years, and I am planning to travel Europe many times during next years. So in my case I think buying avios at a good prices offer is a good option.

  • The promo is without doubts excellent.
    Anyway, it’s suggested to buy miles only if there is an immediate use of the miles.
    Everything could change in a short period of time.

  • El programa de pasajero frecuente de Iberia es el mejor programa para viajar hacia y dentro de Europa

  • From Madrid to Buenos Aires for 51,000 avios + $ 100 in business class. For a flight of almost 13 hours. I think it’s ok

  • Almost every loyalty program sell miles with discount..

  • Charlotte Burman says:

    Not a bad deal but I think I’ll give it a miss in the current environment.

  • Quite a good deal. Iberia Business Class redemptions are excellent value!

  • This is one of the Avios’ best prices that I have ever seen

  • Another sweet spot is GRU – MAD for only 42500 avios!

  • It’s a good promotion but I’m hesitant to spend cash to purchase miles at this time. Also, due to the pandemic, I am sitting on over $6,500 worth of travel vouchers due to cancelled flights. I’ll need to use them before I get around to cashing in miles again.

  • I loved when Iberia had the half-off award sale promotion last year so chicago to madrid was only 17,000 in business class off peak.

  • I don’t think that I will take advantage of this offer although there definitely are sweet spots. It is for transactions like these that my Barclaycard Arrival Plus is excellent. Getting two points per dollar is important but a lot of cards that give more than one point per dollar have foreign transaction fees.

  • I will be go to Buy UA miles, during Covid-19 i am not sure when i can go out have a trip. UA miles will be expire now, It’s much more safe. Also UA have no YQ Fee.

  • Juan Ignacio says:

    The deal is quite good, it is even better if you make the purchase with an Iberia cobranded credit card.

  • I will be never buy Iberia avios, their website is very hard to use. I am prefer buy AA points.

  • Antony Tsai says:

    I’ve received offers from United regarding buying miles with up to 100% bonus. Miles sales seem to be everywhere these days. Question is will the opportunity to use them be possible.

  • Steven William Van Meter says:

    This will be a good deal and I’m in the market because I have reservations at a hotel in Spain, but we are all waiting for the election to be over so we can fly again. I hope this deal is still around.

  • Does Iberia have any options from North America to India?

    • I don’t belive Iberia has service to India at the moment. You could use Iberia points to fly with British Airways, although there might be cheaper ways to go depending on what other miles you have.

  • Don’t forget to use 3rd party site to get extra bonuses!!

  • 1.43 ¢ per mile doesn’t seem cheap to me. It is the usual price.

  • This is also a great way to gain some rewards points that are in danger of expiring since we can’t go anywhere.

  • Personally this one is not quite there for me, but thanks as always for pointing them out.

  • Wasim Zahid says:

    Chicago — Madrid Business class is better with AA.
    45,000 miles off-peak + $11.20

  • Nice to see the miles sales continuing strong!

  • I don’t feel comfortable dealing with Iberia after hearing how they dealt with customer service for the last few months. Good idea about buying in Euro’s thou!

  • Does this apply to any passanger at any place in the world? for instance I am in South America.

  • Hi, how are you?
    Do you know if I can use my oneworld miles and convert them to Avios?
    This information would be very useful to me.

  • KanExplore says:

    One detail about Iberia Avios compared with BA. With BA if there’s a change in plans it is relatively easy and inexpensive to cancel and redeposit. With Iberia it is impossible on a partner redemption. Don’t use Iberia to book AA, for example, unless you are really sure.

  • Matias Gomez says:

    I have to consider this promotion, very interesting. Not only for the American market, It is interesting flying in Europe, using these Avios instead. A long disance or a Premium service instead of economy. I think could be interesting.
    Thank you for the information, always very helpful!

  • Maria Elena Fleckenstein says:

    It is possible to connect my Latam pass account with Iberia. Now that Latam has gone from Oneworld, is there any way that I can use my miles in oneworld airlines? I had only used Oneworld members, but now my Latam miles are almost useless. And with that, I can purchase extra Avios in this new account.

  • Leonardo Silva says:

    I’m not sure that buying miles is a good option now, before we know if the borders will be opened due to Covid 19, especially here where I live in Brazil.

  • Woah, I wouldn’t think about the Euros vs. USD difference. Tempted by the Caribbean flights but a few too many restrictions for me to feel ready to buy, especially when there seems to be a new mileage sale every day right now…

  • I’m not sure that buying miles is good option right now before we’ll know their inflation rate and I’m pretty sure they’ll inflate.

  • Not a huge fan of iberia. Had a flight booked with them during the pandemic and they wouldn’t refund even though I was barred from entry. Would only offer a voucher good til the end of the year which probably wont be used. Last thing I’d want to do is buy points from them.

    • Thank you so much for making my mind on Iberia. My experience with VS was so much better. Did you contact your credit card company to get the real money back?

  • Good promotion Avios 1,3 C each! Do you know if is Avios compatible with Oneworld? Can i migrate my AAdvantage miles to Avios


    • JT Genter says:

      No, you can’t move AAdvantage miles to Avios. You can only transfer Avios between participating airlines (Aer Lingus, British Airways, Iberia).

    • I am also interested as Gaston….Is it possible to migrate miles???

  • As always – buying through you can receive 2.5% cashback