The Chase Iberia Visa Signature® Card is an interesting option if you are interested in collecting Avios, which is a very flexible points currency that you can use to book on Iberia, British Airways, Aer Lingus, Qatar Airways, or a OneWorld airline partner.
The Chase Iberia card comes with a large sign up bonus and good purchase and travel protections, along with some discounts on Iberia flights.
We have a lot to cover with this card. Let’s dive right in.
- Earn Up to 100,000 Avios: 75,000 Avios After Spending $5,000 in the First 3 Months and 25,000 Avios After Spending $20,000 in the First 12 Months
- 3X Avios on Iberia, British Airways, and Aer Lingus
- 2X Avios on Hotels Booked Directly
- 10% Airfare Discount on Eligible Bookings
- Baggage Delay and Lost Luggage Insurance
- Purchase Protection and Extended Warranty
- No Foreign Transaction Fees
- $95 Annual Fee
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.
$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.
Baggage Delay Insurance
Baggage delay insurance can reimburse you for the cost of necessary personal and business items if (1) you purchased your trip with this card and (2) your bag is delayed by a common carrier like an airline, train, ferry, or cruise ship, etc.
Common reimbursable items include clothing, toiletries, and phone chargers, which can be a life-saver when you are without your bag.
Lost Luggage Reimbursement
Lost luggage reimbursement covers the cost to repair or replace your luggage and the contents inside if your bag is lost or damaged during a covered trip.
You must purchase the trip with this card, and it will also cover immediate family members traveling with you.
Coverage is also secondary to any reimbursement from the airline or common carrier. For example, if your bag and its contents were worth $1,000 and the airline gave you $200, you could file a claim for $800.
Extended Warranty
Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.
Coverage matches the protection provided by the original warranty so that damage or defect would have to be covered by the original warranty for extended warranty coverage.
The maximum coverage is $10,000 per item and $50,000 per cardholder.
For example, if you bought a TV with a manufacturer’s warranty of three years, then this card would extend the warranty for free to the fourth year.
But if the TV comes with a four or five-year warranty, you should consider using an American Express or Citi credit card, which covers warranties up to 5 years.
Purchase Protection
Purchase protection can save you a lot of money if you bought an eligible item that is damaged or stolen within 120-days.
For example, if accidentally dropped your new phone or laptop and broke the screen, you could file a claim to get it replaced if it was purchased within the last 120 days.
Coverage for this benefit is limited to $500 per claim and up to $50,000 per cardholder.
Secondary Rental Car Insurance
Secondary rental car insurance covers any damage to a rental car not covered by your primary insurance when you pay for the rental using this card.
Other credit cards offer primary rental car insurance, which pays before your insurance and saves you the hassle of filing multiple insurance claims.
But there are situations where this secondary insurance becomes the primary insurance, including when renting a car outside the U.S. and your personal car insurance does not cover you in that country, or if you don’t have collision insurance.
You still need to maintain liability car insurance to cover damage to another person or property.
Alternatives to the Chase Iberia Card
There are several good alternatives to the Chase Iberia Avios credit card that earn points that you can transfer to Iberia Avios.
Chase Sapphire Preferred
- Earn 60,000 Ultimate Rewards Bonus Points for Spending $4,000 in the First 3 Months
- 5x Points on Travel Booked Via Chase
- 3x Points on Dining and Eligible Delivery Services
- 3x Points on Select Streaming and Online Grocery (excluding Walmart, Target, and Wholesale Clubs)
- 2x Points on All Other Travel Purchases
- 10% Anniversary Points Boost
- Trip Delay and Trip Cancellation Insurance
- Primary Rental Car Insurance
- $95 Annual Fee
The Chase Sapphire Preferred® Card is one of the best rewards cards for travelers who want solid earning rates for travel and dining expenses.
For only $95 per year, this card earns 5x Chase Ultimate Rewards points on travel booked through the Chase Ultimate Rewards portal, 3x points on dining, online groceries, and streaming services, and 2x on all other travel purchases.
Cardholders will also get a 10% anniversary points bonus, a 12-month DoorDash DashPass subscription, and a $50- anniversary hotel statement credit.
Plus, it provides extensive travel protections, including trip delay, primary rental car, baggage, and purchase protection plans.
Chase Sapphire Reserve
- Earn 60,000 Ultimate Rewards Points for Spending $4,000 in the First 3 Months
- $300 Annual Travel Credit
- 10x Points on Hotels and Rental Cars and 5x Points on Flights Booked Through Chase Ultimate Rewards
- 3x Points on Dining, Takeout, & Eligible Food Delivery
- 50% More Redemption Value
- Priority Pass Airport Lounge Access
- Trip Delay and Trip Cancellation Insurance
- Primary Rental Car Insurance
- $550 Annual Fee
The Chase Sapphire Reserve® is a great option for travelers who want premium perks such as airport lounge access and top-tier travel protections.
The Sapphire Reserve has a $550 annual fee, but you receive an annual easy-to use $300 travel credit and access to 1,300 Priority Pass airport lounges.
Plus, great benefits such as trip delay insurance, primary rental car insurance, trip cancellation insurance, lost luggage reimbursement, purchase and return protection, extended warranty, and no foreign transaction fees.
Cardmembers also earn extra points with 5x points on flights and 10x points on hotels and car rentals through Chase Ultimate Rewards, 3x points on travel, dining, and food delivery purchases, and 1x points everywhere else.
You can also cash out points at a 50% bonus (1.5 cents per point) when redeeming points towards travel or transfer the points to Chase’s airline and hotel partners.
The Verdict
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.
- Earn Up to 100,000 Avios: 75,000 Avios After Spending $5,000 in the First 3 Months and 25,000 Avios After Spending $20,000 in the First 12 Months
- 3X Avios on Iberia, British Airways, and Aer Lingus
- 2X Avios on Hotels Booked Directly
- 10% Airfare Discount on Eligible Bookings
- Baggage Delay and Lost Luggage Insurance
- Purchase Protection and Extended Warranty
- No Foreign Transaction Fees
- $95 Annual Fee
Frequently Asked Questions
Can you transfer Avios between Iberia and British Airways?
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.
What is the annual fee of Chase Iberia card?
$95.
