AwardWallet receives compensation from advertising partners for links on the blog. Terms Apply to the offers listed on this page. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Here's our complete list of Advertisers.
Update: Bookings must have been made by August 30, 2020, but you can travel from September 1, 2020 to March 15, 2021.
If you're itching to fly to (or from) Europe, we have some excellent news for you. Iberia just launched an incredible 50% off award promotion for flights through March 15, 2021. You can use this promotion to fly to Europe for as few as 8,500 Avios in economy; 12,750 Avios in premium economy; or 17,000 Avios in business class. But, you're going to need to act quickly to take advantage of this promotion.
- Promotion is valid on bookings from August 24 to August 30, 2020
- Promotion travel window is from September 1, 2020 to March 15, 2021
- Receive a 50% discount on all routes and cabins
- The discount will automatically apply to eligible awards
- Only available to Iberia Plus members residing in Spain or the U.S.
- Bookings must be on Iberia-operated flights
- Awards can be booked one-way or roundtrip
After, you log in to your Iberia Plus account, use this link to search for award travel.
Iberia-Operated Routes From the U.S.
This promotion is only available to U.S. and Spain residents and only on Iberia-operated flights. Spainish residents can use this promotion to fly anywhere that Iberia flies. But, U.S. residents will need to start their trip from an airport that Iberia serves.
Iberia flies to seven U.S. destinations from their hubs in Madrid and Barcelona:
- Madrid (MAD) to Boston (BOS), Chicago (ORD), Los Angeles (LAX), Miami (MIA), New York (JFK), San Francisco (SFO), and Washington DC (IAD)
- Barcelona (BCN) to Boston (BOS), New York (JFK) and San Francisco (SFO)
Iberia Award Pricing
Iberia Plus uses a distance-based award chart. So, the award cost depends on how far you fly. In addition, Iberia has both peak and off-peak pricing. Thankfully much of the eligible travel period for this promotion is in off-peak dates.
After the 50% discount and during off-peak dates, routes under 4,000 miles in distance one-way will cost:
- Economy: 8,500 Avios
- Premium economy: 12,750 Avios
- Business class: 17,000 Avios
There are five routes between the U.S. and Spain that are under 4,000 miles in distance:
- Boston (BOS) — Barcelona (BCN)
- Boston (BOS) — Madrid (MAD)
- New York (JFK) — Barcelona (BCN)
- New York (JFK) — Madrid (MAD)
- Washington DC (IAD) — Madrid (MAD)
Boosting Your Iberia Balance
If you don’t have enough Avios for a redemption, you can transfer American Express Membership Rewards or Chase Ultimate Rewards to Iberia Plus at a 1:1 ratio. Or, you can transfer Marriott Bonvoy points to Iberia Avios at 3:1 ratio, with a 5,000-Avios bonus for transferring 60,000 Bonvoy points.
According to AwardWallet transfer time records, transfers from Amex and Chase will post instantaneously. However, Marriott transfers take 1-2 days to complete.
You can stock up on Membership Rewards with The Platinum Card® from American Express, or American Express® Gold Card. Top cards for earning Ultimate Rewards include the Chase Sapphire Reserve®, Chase Sapphire Preferred® Card, or the Ink Business Preferred® Credit Card.
Alternatively, if you have a healthy balance of British Airways (or Aer Lingus) Avios, you can also transfer them to Iberia. The process is pretty simple and can be done online. These transfers may be instantaneous. However, transfer issues may take up to 5 days to resolve.
Simply put, this is an excellent deal for award travel to Europe. Iberia already offers the best award pricing on off-peak award flights between the U.S. and Europe. After taking 50% off these already-low rates, these award prices are truly exceptional.
Of course, there's an elephant in the room. COVID-19 is currently severely limiting travel between the U.S. and Europe. While we all hope that travel will return to normal by early 2021, there's no guarantee that this will happen in time for travelers who want to take advantage of this deal. So, if you're going to take advantage of this promotion, make sure that you keep your travel plans flexible.
Are you going to take advantage of this 50% off promotion?
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.