Our ratings are determined by the authors and editors on our team. Each individual card feature is compared against all other cards we offer and the total score is an average of those 4 ratings.
The cashback will be awarded as an annual credit card reward certificate, redeemable for cash or merchandise at U.S. Costco warehouses, (including Puerto Rico). The certificate will be included in your February billing statement and expires on December 31st of the year issued.
** Requires a Costco membership **”
This card is no longer available at Your Best Credit Cards. Please see our Card Explorer to find the card that is right for you.
Earn 3x Avios on British Airways, Iberia, LEVEL, and Aer Lingus flights booked directly; 1X on other airlines
Must be booked directly with the hotel
Our ratings are determined by the authors and editors on our team. Each individual card feature is compared against all other cards we offer and the total score is an average of those 4 ratings.
Beyond a generous sign up bonus, the Iberia credit card earns 3x Avios points on Iberia, British Airways, LEVEL, and Aer Lingus and 2x Avios per dollar spent on hotel accommodations booked directly with the hotel.
Avios can be shared between any Avios program, which also includes Qatar Airways (home of the QSuite) and you can redeem Iberia Avios for award tickets on oneworld airlines like American Airlines, Alaska Airlines, Cathay Pacific, and more.
The sweetest sweet spot on the Iberia award chart is a 34,000 point one way flight in Business Class to/from the Eastern US and Madrid or Barcelona on off peak dates. That’s just 68,000 miles round trip. You’d need to leave from New York or Boston to get this deal.
Most importantly, you’ll get 10% off all round trip Iberia flights. (Must book through a special website provided with your new card and be the one traveling.)
And then, when you spend $30,000 in a calendar year, you’ll get a voucher in the form of a code that can be applied by a Cardmember for a discount of $1,000 when purchasing 2 tickets, for the same flights in the same class of travel.
If you fly Iberia frequently, this airline credit card can be interesting, f not just for the 10% discount on Iberia flights. However, if you don’t fly Iberia frequently, there are going to be other credit cards that offer you more flexibility.
Keep in mind, if we are only talking about the value of the points you’ll earn from spend on the card, that the Chase Sapphire Reserve® Card also earns 3x Chase Ultimate Rewards credit card points on these airlines and on all airlines, hotels and other travel and can even be transferred to Avios if needed – as well as a range of other travel partners, like World of Hyatt which offers excellent and outsized value. A Chase Sapphire Preferred® Card would earn 2X Ultimate Rewards points on all travel.
In short, the card will pay dividends for a frequent purchaser of Iberia tickets, but you may not want to be limited to Avios over a credit card with flexible and transferable points.
If you don’t primarily fly Iberia, you might want to look at other airline credit cards or bank cards with transferable points.
Keep in mind that Iberia Avios expire after 36 months of inactivity, though that won’t be a problem if you are spending on this credit card!
Note: You will only be approved for a Chase card like the Iberia Visa card if you have applied for fewer than 5 personal credit cards within the last 24 months from any issuer. (Business cards do not count against the total, except for Capital One Spark Miles and Discover, but are subject to the policy).