The Chase Iberia credit card comes with a large sign-up bonus of 100,000 Avios.
Plus, the card earns 3x Avios on Iberia, British Airways, and Aer Lingus, and 2x Avios on hotels.
Chase Iberia Visa Signature Information
Application Link: Iberia Visa Signature Card.
Current Sign Up Bonus: 100,000 Avios (50,000 Avios after $3,000 in purchases in the first three months and an additional 50,000 Avios after you spend $20,000 within a year).
Recommended Bonus: At least 100,000 Avios.
Annual Fee: $95
- 3x Avios on Iberia, British Airways, and Aer Lingus.
- 2x on hotels.
- 1x Avios everywhere else.
Iberia Card Benefits
The Iberia credit card offers some nice benefits detailed below to offset the $95 annual fee.
$1,000 Flight Discount
You get a $1,000 discount voucher for two tickets on the same flight if you spend $30,000+ each calendar year.
10% Flight Discount
This benefit saves you 10% on Iberia flights for you and up to eight other passengers. The 10% discount only applies to the fare price and excludes any taxes or fees associated with the ticket.
This seems like a nice discount in theory, but Iberia’s fare structure includes low fare prices and high fees on the ticket. We found the discount was only $5.80 on a $560 ticket (1%) and $60 on a $1,100 ticket (5.5%) because the fare price was higher.
Lost Luggage Reimbursement
This coverage reimburses you up to $3,000 per passenger for carry-on or checked bags damaged or lost by the carrier.
This benefit covers your new purchase from theft or damage up to $500 per claim in the first 120 days.
No Foreign Transaction Fees
You can use your Iberia Visa anywhere in the world without having to pay a 3% foreign transaction fee.
Secondary Rental Car Insurance
This insurance covers any damage to a rental car that is not covered by your insurance.
Whereas, primary rental car insurance would cover any damage before your insurance.
This benefit extends the period of a U.S. manufacturer’s warranty by an additional year if the original warranty is 3 years or less.
A sign-up bonus of 100,000 Avios is a great deal if you can meet the high minimum spend requirement.
If you are a big spender, you may want to consider signing for this card in the early part of the calendar year so that your spending for the sign-up bonus (12 months) and the $1,000 travel credit (per calendar year) overlap.
You would just need to spend an extra $10,000 after the sign-up bonus to get the $1,000 bonus.
After your first year, the value of the Chase Iberia card will depend on how much you fly Iberia to utilize the flight discount and earn 3x Avios.
Frequently Asked Questions
Yes, as long as both accounts have been (1) opened for 90 days, (2) earned at least one Avio, and (3) the names on each account match.