Compare the Features and Benefits of Iberia Visa Signature® Card and
Bank of America® Unlimited Cash Rewards Credit Card

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).

With over 3,800 branches, Bank of America is a retail banking giant. It offers its Unlimited Cash Rewards Credit Card to customers who are looking to earn strong rates of cash back on all purchases, but don’t want to pay an annual fee.

Earn unlimited 1.5% cash back on all purchases

This card offers 1.5% cash back per dollar spent on all purchases, with no limits. This is very competitive for a card with no annual fee. This high rate of return comes at the expense of bonus categories, as this card doesn’t have any, like other cards do for things like travel and dining purchases.

Cash back rewards can be deposited into a Bank of America savings account, redeemed as a statement credit, or applied to an eligible Merrill account.

And unlike a Bank of America Travel Rewards card, you don’t get any statement credits towards baggage fees, or the purchase of vacation packages, just cash rewards.

However, Bank of America Preferred Rewards members can earn a 25%, 50% or 75% bonus on their rewards, depending on which tier they are in. And these are simple cash rewards, so you don’t have to redeem points to be rewarded.

Many cardholders will find this simple formula better than earning bonuses on some purchases, but a mere 1% on other purchases.

And your cash back rewards never expire so long as your account remains open and in good standing.

But what makes this card exceptional is the ability for Bank of America Preferred Rewards customers to earn as much as 2.625% cash back. That’s what you’ll get if you’re in one of the higher tiers of their program and earn a 75% bonus on your rewards earned. Others will earn a 25% or 50% bonus, which is still enough to take this card from competitive to remarkable.

Otherwise, this simple card is also one that’s light on benefits. There’s very little to no travel insurance or purchase protection policies, but you do get a free credit score, which most cards offer these days. One notable benefit is Bank of America’s Museums on Us program, which offers free access to hundreds of museums on the first full weekend of the month. This unique benefit can offer significant value to families, parents and other museum lovers.

There’s no annual fee for this card, but there is a 3% foreign transaction fee imposed on purchases processed outside of the United States. That leaves this card as a solid choice for those looking for a competitive, but basic cash back card rather than a travel rewards credit card.

However, if you also happen to be a Bank of America Premier Rewards member, then using this could be the most rewarding card that you could ever use.