The Chase card_name is a good airline rewards credit card that offers a large welcome bonus and decent benefits.
However, it has an annual fee of $95 and is not recommended for those who don’t prioritize Iberia or its partner airlines for air travel.
The card can be a good deal for people who plan to spend $30,000 on the card in a calendar year because you receive a $1,000 flight discount voucher.
This article will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
Welcome Bonus
The Iberia Visa currently offers the following welcome bonus:
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Earning Points
The Iberia Visa earns Iberia Avios at the following rate:
- 3 Avios per dollar on Iberia, British Airways, and Aer Lingus flight purchases.
- 2 Avios per dollar on hotel accommodations booked directly with the hotel.
- 1 Avios per dollar on all other eligible purchases.
Annual Fee
The Iberia credit card has a $95 annual fee, which you can offset with a 10% flight discount and travel and purchase protections.
Chase Iberia Visa Signature Benefits
The card comes with a plethora of benefits such as flight discounts, travel protections, buyer protections, and car rental insurance. Details on these benefits will be discussed below.
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 base fare and excludes any taxes or fees associated with the ticket.
This seems like a nice discount in theory, but Iberia’s fare structure has been known to have low fare prices and high fees compared to other carriers.
For example, a $665 round-trip flight consists of $170 in base fare and $490 in fuel surcharges and taxes.
This results in a $7 discount per flight or $14 round-trip (equivalent to a 2.1% discount).
$1,000 Flight Discount
Spend $30,000+ on your card each calendar year and you’ll get a $1,000 discount voucher for two tickets on the same flight and class service.
You can only earn this perk once every calendar year and the voucher must be used within 12 months from the date it was issued. Visit iberia.com/chase10 to redeem your discount.
This perk is one of the card’s main selling points and it offers a lot of value for both frequent and occasional flyers.
A $1,000 discount is essentially 3.3% back on a $30,000 spend, and if you also add the rewards you’ll earn per dollar, that’s an exceptional return of value.
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
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
Baggage insurance 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.
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.
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.
Secondary Rental Car Insurance
Secondary rental car insurance covers any damage to or theft of 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.
You still need to maintain liability car insurance to cover damage to another person or property.
Redeeming Iberia Avios
You have several options on how to redeem your Iberia Avios. For example, you can redeem your Avios directly towards Iberia flights, and fly business class from Chicago to Madrid from only 34,000 Avios one-way.
Alternatively, you can also redeem your Iberia Avios on other OneWorld alliance airlines. Short-haul roundtrip flights on American Airlines and other alliance partners typically start at 11,000 Avios in economy.
Iberia uses distance-based pricing, so the price of your flight is based on the number of actual miles flown. This type of pricing works best for short-haul flights, but not for long-haul flights and those with multiple connections, since Iberia counts the distance per segment.
Pros & Cons
Here’s a quick overview of this card’s advantages and disadvantages:
Pros:
- Nice welcome bonus.
- $1,000 airfare discount if you spend $30,000 per year.
- Iberia Avios is one of the better points programs.
Cons:
- To justify the annual fee, you need to fly Iberia at least once year.
- Only one category (hotels) gets extra points.
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® Card
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- 5x Points on Travel Booked Via Chase
- 3x Points on Dining and Eligible Delivery Services
- 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 (review) 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 when activated by December 31, 2024, 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®
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- $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 card_name (review) 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.
- 3x points on dining, and food delivery purchases.
- 1x points everywhere else.
One thing to remember is that you won’t earn points on your first $300 in travel purchases each cardmember year since the $300 travel credit covers those purchases.
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.
British Airways Visa Signature® Card
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- 3x Avios on British Airways, Aer Lingus, and Iberia
- 2x Avios on Hotels Booked Direct
- Up to $600 Reward Flight Statement Credits
- Baggage Delay and Lost Luggage Insurance
- Purchase Protection and Extended Warranty
- No Foreign Transaction Fees
- $95 Annual Fee
The British Airways Visa Signature® Card (review) is a good option if you fly British Airways at least once per year.
The card offers a 10% discount on British Airways flights starting in the United States, up to $600 in statement credits annual to offset taxes and fees on reward tickets, and 3 Avios per $1 spent on purchases with British Airways, Aer Lingus, Iberia, and LEVEL.
But the main selling point of the card is its “Travel Together Ticket” which can be earned if you spend $30,000 on your card within a calendar year. The ticket lets you bring one travel companion with you for free on reward flights on the same flight and within the same cabin.
Is the Iberia Visa Credit Card Worth It?
The Iberia Visa could be worth it for the nice welcome bonus and benefits on Iberia, especially if you plan to spend more than $30,000 per year.
If you don’t fly Iberia often, you should consider a general travel ard like the Chase Sapphire Preferred® Card (review), which allows you to transfer points to Iberia Avios.
