Big 40% bonus lets you buy Avios points via Iberia for as low as 1.0p each

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I normally do not recommend buying Avios unless you need to ‘top up’ an account for an immediate redemption. With a few exceptions, buying a large proportion of the miles you need is rarely a good deal.

This is a bit different. Iberia Plus is currently offering a bonus of 40% on purchases of Avios points. This deal runs until Sunday 29th May, see here for further details.

Note that you need to log-in to see details of the bonus offer. Without logging in, the page just shows the standard pricing.

Iberia A330 350

The deal does not seem to be targetted – I see it on my account but I haven’t received an email about it.

There is no minimum purchase. Even a 2,000 Avios purchase gets you 800 bonus Avios.

At the top end, you will be paying €1,800 for 140,000 Avios (100,000 + 40%). Given the weak £, this works out at exactly 1p per Avios, based on £1,393. You would need to add a 3% foreign exchange fee to this price if your credit card has one. Smaller quantities would be pricier.

I would not usually be a buyer, even at this price. 1p per Avios is usually my (very conservative) target value when I redeem so I don’t like paying that much to get them.

However, it may well make sense for you if:

you have a specific redemption in mind where you know you will get over 1p per point of value

you value the ‘easy points’ aspect of this offer (no need to visit Tesco, apply for a new credit card etc etc)

You MUST have been an Iberia Plus member for 90 days before you can transfer your bought points across to BA.

You must also have earned at least one Avios in the account before you can buy points (one easy option is a small Amex Membership Rewards transfer, or credit a flight, hotel stay or Avis rental).

If you have never earned an Avios via Iberia Plus then you are stuck and cannot buy until a transaction has gone through your account – and that won’t happen in time for Sunday.

How to earn Avios points from UK credit cards

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 BA Amex American Express card

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 BA Premium Plus American Express Amex credit card

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.)

Category

Iberia and Iberia Plus

This article is closed to new posts. Discussion continues in the HfP Forums.

mark2 says:

24 May24 May 08:20

or 0% with Lloyds Avios (and extra Avios) or other cards.
Dave says:

24 May24 May 08:24

doing the math for anything under 10,000 + bonus I cant understand where the 1p comes from they all work out TCO north of 1.4p….

is this only if for people who want to spend thousands rather than top up your account?
- harry says:
  
  24 May24 May 08:26
  
  That’s where the recent Groupon offer was better, where Avios cost between 0.7p-1p even for small amounts
  - Alex W says:
    
    24 May24 May 08:39
    
    If you don’t mind waiting months for them to turn up!
    - Chris says:
      
      24 May24 May 13:53
      
      2-3 weeks before they appeared on my statement, and the groupon offers come via iberiastore giving even more avios in total.
      These IB / BA deals look pretty poor in comparison but handy if you need them soon.
- Rob says:
  
  24 May24 May 09:24
  
  Yes, 1p is the top end price – smaller purchases are pricier
Gavin says:

24 May24 May 09:23

This is a good deal for me.

I often fly London to the alps with ski equipment and I never get less than 1p per avios of value from my redemption. Usually I get more value, plus the ability to use my status benefits and flexibility which are hard to quantify.
takke says:

24 May24 May 09:25

OT but Curve just emailed saying they are ‘temporarily’ no longer accepting Amex.
yetyom says:

24 May24 May 09:25

OT: Email from Curve just now…

Hi Michael,

I’m Shachar, the CEO of Curve. Today we’ve got some disappointing news. American Express have asked us to pause their functionality with Curve – which means you will not be able to use your Curve card with your Amex for the time being. This begins at midday on May 31st UK time – you’ll shortly receive another email with practical details of what will happen when we pause the American Express functionality – your Curve will continue to work with MasterCard and Visa.

American Express want to ensure there is a seamless customer support process for their Members when using their Card with Curve. We’re continuing discussions with their management, and hope that American Express decide to come back to Curve soon.

We’re continuing to build something big at Curve. The first ever platform to connect you to your everything money – transforming the way you handle your finances, bringing value and saving you time and money. We’re already connecting up all your bank cards, tracking your expenses in real time and saving you money with zero FX fees when you travel. This is just the beginning – we’re working hard on future features such as the ability to move charges between funding cards after you’ve paid, bespoke loyalty rewards and cash-backs, peer-to peer payments and much more.

As a big thank you for being one of Curve’s early adopters we are giving Blue card members £35 and Black card members £50 worth of Curve Points if you spend a total of £1000 over the next three months. You’ll be able to spend your Curve Points at any merchant that accepts MasterCard using your Curve. Please see our FAQs for further details.

We hope you choose to stay with us to continue the exciting journey we’ve begun together. Please write to me directly at shachar.bialick@imaginecurve.com – I’m happy to answer any questions you might have.

I’ll keep you updated.

Yours,

Shachar Bialick,

CEO, Curve
- AndyR says:
  
  24 May24 May 09:31
  
  Got the email too. The Curve card has turned into a waste of time. First the cash withdrawal facility was restricted to a paltry £200/month and now no Amex support.
- Jon says:
  
  24 May24 May 09:32
  
  From the FAQs regarding refunds of the Curve card:
  
  What refund am I entitled to?
  If you’ve got a card ordered but not on the way, you haven’t been charged anything at all, so you just need to cancel your order using your personal link which we’ve sent you via email. You’re also welcome to try Curve’s other features for 14 days after activation, during which time you can get a refund, no questions asked, if you don’t love it.
  
  If your card is on its way or you’re already using it, you are also entitled to a refund. You have until 23rd June to continue to use Curve’s other features, and if you don’t love it by then, we’ll offer you a refund, no questions asked.
  - Arun T says:
    
    24 May24 May 09:37
    
    Officially this is just a “pause” and not a complete withdrawal but I can’t imagine this is coming back any time soon. They say this is due to ensuring Amex can give proper customer support – I suspect to manage all the duplicate transactions and potentially further limiting cash withdrawals.
    
    TBH I was more interested in the MasterCard acceptance for Amex rather than the cash part – but still a hugely frustrating waste of time.
JohnNI says:

24 May24 May 09:25

O/T Just had email from Curve. Amex is suspending dealings with Curve from the 31st May
- sd83 says:
  
  24 May24 May 09:30
  
  That didn’t last long… party over.
RTS says:

24 May24 May 09:29

Well… time to call for a refund….
- Ben says:
  
  24 May24 May 09:49
  
  I think this spells the end for Curve and that we’ll be lucky to get refunds (at least from them direct) as they will be lucky to retain any customers…
  - RTS says:
    
    24 May24 May 10:06
    
    Refund is already being processed. First one out !
    - Ben says:
      
      24 May24 May 11:23
      
      How do you request it? Just through the app?
Metatone says:

24 May24 May 09:32

Sad that Curve is failing – being able to push everything through Amex was a big win for me.