Iberia ‘buy Avios for 1p’ promotion extended by a week
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Iberia Plus, the Iberia frequent flyer scheme which also uses Avios as its reward currency, has extended its current ‘ buy Avios’ bonus by a week. The offer now closes on October 4th.
The Iberia annual cap on buying points was recently raised to 100,000 Avios per year. Moreover:
Iberia has reset ‘purchases to date’ to zero, allowing everyone to buy the full 100,000 irrespective of other purchases in 2015
There is a 30% bonus on purchases made by 4th October – this is the new extended deadline
Is this a good deal?
Not really – although there may be specific circumstances, unique to you, where it makes sense because of how you redeem. If you generally use Avios to upgrade cash tickets, for example, or always use a British Airways American Express 2-4-1 voucher, it may make sense.
At the top end, you will be paying €1,800 for 100,000 Avios. The bonus takes that to 130,000 Avios.
On the current generous exchange rate, you will pay £1,335. That is exactly 1p per Avios point.
My personal target for picking up Avios points is no more than 0.75p and preferably lower – I know that I won’t lose out at that level. You may well be able to achieve more than 1p per Avios when you redeem but – given that Avios seats are harder to find than cash seats and that you are tying up your cash in points – I would want to be sure I was making substantial savings before jumping in.
On the upside, this is a very easy way of obtaining points. No trips to Tesco required, no convoluted flying routes, no credit card applications required.
If you are interested in this offer, the ‘buy Avios’ page at iberia.com is here. The 30% bonus only shows when you are logged in and on the order page.
How to earn Avios from UK credit cards (December 2021)
As a reminder, there are various ways of earning Avios points from UK credit cards. Many cards also have generous sign-up bonuses!
There are two official British Airways American Express cards with attractive sign-up bonuses:
British Airways American Express
5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Run your own business?
We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,500 Avios:
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus:
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.
(Want to earn more Avios? Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)
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