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If you’re a traveler who frequently uses your credit card to accumulate miles and points for future trips, you likely already have a few Chase co-branded credit cards in your wallet. And recently Chase unveiled the new Iberia credit card.
This new co-branded airline credit card, with Iberia, isn’t the first travel credit card I would apply for if I was just starting to earn miles and points, but it’s a good option. The Iberia loyalty program is perfect for racking up Avios, which can be extremely valuable for short haul flights.
The news of the new Iberia credit card comes after learning that the Iberia Plus loyalty program is a Chase Ultimate Rewards points transfer partner, as of late last year. This is why the new Iberia credit card can pair well with either the Chase Sapphire Preferred or Sapphire Reserve or Ink Preferred because you can transfer in your Ultimate Rewards on a 1:1 basis.
As to be expected, the very first sign-up bonus for this new Iberia Visa Signature Card offers some pretty attractive deals. And from user reviews, it appears the new Iberia credit card doesn’t fall under Chase’s 5/24 rule.
If you’re unfamiliar with the Iberia brand, just know that, if you plan to do a lot of travel between the United States, Europe and Latin America, either for business or pleasure, Iberia can get you there with its 14,000 daily flights to 1,000 destinations in 150 countries. Its U.S. gateways include Boston, Chicago, Los Angeles, Miami, New York and San Francisco.
I flew from Madrid to Chicago in Iberia’s business class a few years ago, and had a good experience.
What to Expect with the New Iberia Credit Card
Here’s what you can expect if you sign up for the card while the current sign-up bonus is still available:
- Up to 75,000 Bonus Avios (you’ll get 50,000 Avios after you spend $3,000 within the first three months, and then the additional 25,000 after you spend an additional $7,000 over your first year)
- 3 Avios for every $1 you spend with Iberia and its partners, British Airways, Aer Lingus, LEVEL and OpenSkies
- 1 Avios for every $1 you spend on all other purchases
- $1,000 off a purchase of two tickets on the same flight for every year you spend $30,000 on the card
- 10% off every flight you book with your card at iberia.com/chase10
There are no foreign transactions fees and the annual fee is only $95 (not waived for the first year).
Will there be some better sign-up deals on the Iberia card in the future? It’s possible, mainly because the other Avios card from British Airways has offered 100,000 Avios sign-up bonuses in the past. Speaking of British Airways, yes, you’ll be able to transfer points between your Iberia and British Airways Avios.
While releasing the Iberia Visa Signature Card, Chase officials noted that an Aer Lingus Visa Signature Card would be coming this spring as well, though an exact release date has not been announced. It’s expected the benefits will most likely be very similar.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.