The welcome bonus offered on the Visa Iberia won't be available to people who already are carrying the card or with a brand new cardmember's bonus within the last 24 hours. However, you can qualify for this card if you use one of the other cards that earn Avios (including cards like the British Airways or Aer Lingus cards). This is an excellent addition. The majority of Chase credit cards also are subject to the rule 5/24; that is, you'll be denied a card if you've created at least five new credit card accounts within the last 24 months. It's also important to be aware of other Chase general guidelines regarding card approvals.
Rewards
In 2010, Iberia was merged with British Airways, and the newly joined company was renamed IAG (International Airlines Group). It was in 2015 that IAG bought the Irish airline, Aer Lingus. Despite the purchase and the changing of the name, each entity remains under its brand and operates its unique loyalty scheme. Each has its unique advantages and, of course, its flaws. Together, the three airlines use Avios as their currency for awards transferable from one IAG loyalty plan to another. Knowing the program of each is essential to maximizing Avios redemptions. However, for the moment, we'll concentrate on Iberia's award charts and sweet spots.
Earning Rewards
It earns reward points on spending according to the following 5. Avios per dollar when you make purchases made through Iberia, British Airways, Aer Lingus, and LEVEL for the first time within 18 months following the account's opening date, and after that, get 3 Avios. Get three Avios per dollar spent on hotel rooms when booked directly from a hotel in the initial 18 months following the account opening date, and after that, receive 2 Avios. In addition, you can get one Avios per dollar on other purchases. Additionally, you can enjoy the first year welcoming bonus for new customers of 100,000 Avios after spending $5,000 on purchases in the first three months following the account's opening.
Rewards Redemption Details
Iberia is an affiliate of the Oneworld Alliance, which means that you can use Avios to fly on Iberia and two other airlines using the currency - British Airways and Aer Lingus, but also for flights with other alliance members too. These partners comprise American Airlines, which expands the options to use Avios to fly domestically. Like most frequent flyer programs, you'll receive the most value using your rewards to purchase award flights. You can also utilize them to upgrade your flight's hotels, hotel rentals, and over 90 partners.
Transferring Points
Because British Airways and Aer Lingus utilize identical Avios currency used by Iberia, Members of Iberia Plus can choose to transfer their rewards to British Airways Executive Club or Aer Lingus AerClub. Because Iberia's route options are restricted, this option will provide you with plenty of flexibility when using your rewards. While you might not be capable of transferring Avios earned through Iberia to any of the airline's Oneworld Alliance partners, you can use the rewards to book flights on these airlines.
Security Features
The ability to unlock and lock your credit card via the Chase mobile app. This will help you avoid fraud if you lose your card or someone else steals it. Most national card issuers provide this option, but not all do. The card also comes with a contactless option that allows you to use your card's contactless card reader instead of scanning or inserting it. The tap-and-pay function provides the same level of security as the chip of your card, but it's quicker.
Rewards Can Expire
Avios expire if they don't spend, collect shares, buy or spend the same amount for 36 months. It could be a sour surprise later on, particularly for those who wish to get the sign-up bonus and then run. Many cards provide rewards that aren't redeemed. For instance, one of them is the Capital One Venture Rewards Credit Card which gives you miles that will remain active for as long as the account is in good standing. These miles are spent either as a credit on your statement against purchases made for travel or through the rewards program offered by Capital One, which allows you to reserve any seat you'd like for any flight. This means that you could find it much more convenient to use frequently. This card also has numerous transfer partners, including those in the Oneworld alliance including the loyalty programs associated with Finnair or Qantas. The card has an annual cost of $95.
