The Iberia credit card is a niche card that will primarily to frequent travelers that primarily fly Iberia and/or Aer Lingus, LEVEL, and Iberia flight purchases.
Keep in mind that you can freely transfer Avios between these airline’s Avios programs, like the Iberia Executive Club as well as Qatar’s Avios program.
AVG Point Value:$0.012
Min. Credit Score for Approval:670-739 * Good
Ongoing APR:21.49%-28.49% Variable
Balance transfer feesEither $5 or 5% of the amount of each transfer, whichever is greater.
Foreign Transaction Fee:0%
This card also tends to have a large sign up bonus.
- Earn 3x Avios on British Airways, Iberia, LEVEL, and Aer Lingus flights.
- Earn 2x Avios per dollar spent on hotel accommodations booked directly with the hotel.
- Earn 1X on all other eligible purchases.
Earns bonus points for spend in the following bonus categories:
Unique Card Benefits
10% Off Iberia Flights
You’ll receive a unique booking link with your Iberia credit card to score 10% off all Iberia flights, in any class of service.
Annual $1,000 Airfare Discount Voucher
Each calendar year, you’ll earn a discount voucher of $1,000 to use toward two tickets on the same flight when you make $30,000 of eligible purchases on your Iberia credit card account.
Get one-year of complimentary DoorDash DashPass if you activate by 12/31/24. This gives you $0 delivery fees on most orders over $12.
You’ll be able to immediately add this card to a digital wallet and begin spending once approved
There are no trip delay or cancelation insurances but the Iberia card does have a few trip protections when you pay for your trip with this card:
Baggage Delay Insurance
When your baggage is delayed by 6 hours or more, this reimburses you for essential purchases like toiletries and clothing.
The limit is up to $100 a day for a maximum of 3 days.
Lost Luggage Insurance
You’ll be covered for up to $3,000 per passenger through this lost luggage reimbursement benefit if you or an immediate family member check or carry on luggage that is damaged or lost by the airline.
The extended warranty benefit extends a U.S. manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
If your new purchase is damaged or stolen within 120 days of purchase on your Card, you are covered up to $500 per claim and $50,000 per account. Used products are not covered with this benefit.
No Foreign Transaction Fees
You’ll never pay a foreign transaction fee when you use your Iberia Visa Signature® Card when you are traveling abroad (or making a purchase in a foreign currency).
Free Access to Credit Score
With Chase Credit Journey
No Fees for Authorized Users
Add someone to your account as an authorized user with no additional fees.
Earn more rewards by combining credit cards
Pros & cons
- Get 10% off all Iberia tickets
- Earn 3x Avios on Iberia, British Airways, LEVEL, and Aer Lingus flights
- $1,000 Airfare Discount Voucher each calendar year when you spend $30,000 in a calendar year (see terms)
- No included benefits for trip delays or cancellations
- It may be better to earn transferable bank points than Avios
- Limited bonus categories; then 1X Avios on other purchases
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).
Frequently asked questions
Does the Iberia Visa Signature card have an annual fee?
Yes, the Iberia credit card has a $95 annual fee.
Does the Iberia Visa card get you into airport lounges?
No, there is no lounge access included with the Iberia credit card.
Is it hard to get the Iberia Visa Signature card?
Not too hard. You’ll want a good credit score (FICO) of about 670 to qualify.
Is it worth getting the Iberia Visa Signature card?
That depends! If you are a very loyal Iberia flyer, the answer is almost certainly yes, perhaps just from the 10% discount on Iberia flights alone! Otherwise you may find a more suitable card in “Our Famous Card Explorer.” Look for one with transferable points.
How do I earn points with the Iberia Visa Signature card?
You’ll earn 3x Avios on Iberia, British Airways, LEVEL, and Aer Lingus flights plus 2x Avios on hotel accommodations booked directly with the hotel. It earns 1 point per dollar on other purchases.
Is there a better credit card than the Iberia Signature credit card?
That depends on what features and benefits you want in a credit card. We tend to prefer credit cards with transferable points to ones that earn points or miles tied to one airline.
Does the Iberia Visa Signature card charge foreign transaction fees?
There are no foreign transaction fees when you travel abroad.
Does the Iberia Signature card have car rental coverage?
Car rental CDW coverage is not a stated benefit of the card.
Does the Iberia Visa Signature card come with any Elite Status?
You won’t earn status in Iberia’s frequent flyer program “Iberia Plus” nor in any other program with this credit card.
Does the Iberia Visa Signature offer extended warranty?
Yes, it extends a U.S. manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
Does the Iberia Visa offer purchase protection?
Yes, if your new purchase is damaged or stolen within 120 days of purchase, you are covered up to $500 per claim and $50,000 per account. Used products are not covered.
Does the Iberia Visa offer trip protections?
Partially. It offers only Baggage Delay Insurance and Lost Luggage Insurance. It does not have any trip delay or cancelation benefits.
What credit score do I need to get the Iberia Visa?
About a 670 FICO or better.
Are there any 0% APR offers for purchases or balance transfers on the Iberia Visa card?
Not at this time.
What can I do with the points earned for spending on the Iberia Visa?
You can spend them on through the Iberia Plus program for award flights within the oneworld airline alliance, including Alaska Airlines, Iberia, Iberia, Qatar, Finnair, American Airlines, Japan Airlines, Cathay Pacific, and many more. You can also transfer them to other airlines that use Avios as their award currency, including Aer Lingus, Iberia, and Qatar Airways. These are NOT transferable points, however, like Chase Ultimate Rewards points, for example.
Does the Iberia Visa card have Cell Phone Protection?
No, this card does not offer cell phone insurance.