Chase Surprises Customers with Co-Branded Iberia Credit Card

Opportunities to earn Avios are multiplying. The announcement came out of the blue, but Chase has begun issuing the Iberia Visa Signature Card with an opportunity to earn up to 75,000 Avios and a $1,000 flight credit.

Sign-Up Bonus

The welcome offer on the Iberia credit card is a tiered one. New card members will earn 50,000 Iberia Plus Avios after spending $3,000 on the card within the first three months of opening an account. Cardholders can earn an additional 25,000 Avios after spending $10,000 within the first year of card membership.

What Perks Does the Iberia Card Offer?

The Iberia credit card comes with some interesting benefits. Let’s take a look.

• Triple Avios: All purchases made directly with Iberia, LEVEL, British Airways, Aer Lingus and OpenSkies earn 3X Avios for every $1 spent. Not bad for a co-branded airline card. All other purchases earn 1X Avios per dollar.
• $1,000 Discount Voucher: Every year you spend $30,000 on your credit card, you earn a discount of up to $1,000 to be used toward two tickets on the same Iberia-operated flight in the same service cabin.
• 10% Flight Discount: Receive a 10-percent discount on all revenue flight bookings made at Iberia.com/Chase10.
• No Foreign Transaction Fees: FX fees can be as high as 3 percent of every transaction made abroad, so this is a nice touch.

Is the Iberia Visa Signature Card Subject to 5/24?

The co-branded Iberia Plus credit card looks similar to the British Airways Visa Signature Credit Card, also issued by Chase. Neither card is subject to Chase’s 5/24 rule, which means you do not have to worry about having opened more than five cards with any bank in the last 24 months. As long as you have a good credit score and not a lot of allotted credit limit with Chase, you should be approved.

Is This the Right Card for Me?

The Iberia Visa Signature Card is a good option for those passengers who fly Iberia and also for those who live in an American Airlines hub city or like international travel. Because Avios programs use a distance-based model, they’re great to redeem on short-haul but otherwise expensive flights. For example, some flights within South America on LATAM or within Australia on Qantas can get pricey, and redeeming Avios can get you fantastic value in many cases.

What do you think of the newly available Iberia Visa Credit Card? Do you think it’s worth applying for?