So it sounds as though all I'll be giving up is the possibility of domestic upgrades on AA.

When I was an EP, I was usually upgraded. As a PP, I am batting about a third, but usually on the short haul flights. I flew LAX-MIA last week on a 77W and neither I nor the EP next to me were upgraded.

I can make the spend requirement for at least PP, but 30-segments on AA a year just doesn't even come close since most of my flying is international long haul.

I value Emerald status due to first class international lounge access, and MCE seats on AA on domestic flights is very important to me.

I also like that Iberia is good for two years so I think I am going to give them a try starting in April.

Thanks for all the help!