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Iberia Visa Signature Card — Full Review [2022]

Name: Iberia Visa Signature Card — Full Review [2022]
Item: Iberia Visa Signature Card
Rating: 3.5
Author: Jarrod West

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"Earn Avios with every purchase!"

The Iberia Visa Signature card is a great option for those who travel often with Iberia and its Avios partner airlines.

Learn More (at Chase's secure site)

Jarrod West

- UPDATED: July 18, 2022

The Iberia Visa Signature® Card can be a great option for those who are frequent flyers of the Spanish flag carrier thanks to its combination of benefits and discounts on flight tickets. Plus, your rewards can be redeemed with any of the family of Avios partners including Aer Lingus, British Airways, and Qatar Airways.

Pros

3x Avios per $1 on Iberia, British Airways, Aer Lingus, and LEVEL flight purchases
2x Avios per $1 on hotel accommodations booked directly with the hotel
1x Avios per $1 on all other purchases
10% discount on Iberia tickets on qualifying flights
$1,000 airfare discount voucher each year you make purchases of $30,000 on your card
No foreign transaction fees
Travel and purchase coverage

Cons

$95 annual fee
Doesn’t earn transferable rewards

Iberia Visa Signature — Card Snapshot

Welcome Bonus & Info (Partner Content)
- Earn up to 100,000 Avios. Earn 75,000 Avios after you spend $5,000 on purchases within the first three months of account opening and earn an additional 25,000 Avios after you spend $20,000 in the first 12 months of account opening.
- Earn 3 Avios per $1 spent on purchases with Iberia, British Airways, Aer Lingus, and LEVEL.
- Earn 2 Avios per $1 spent on hotel accommodations when purchased directly with the hotel. Plus earn 1 Avios per $1 spent on all other purchases.
- Save 10% on Iberia flights purchased on iberia.com/Chase10.
- Earn a discount voucher of $1,000 to use toward two tickets on the same flight for each year you make purchases of $30,000 on your card
- Pay no foreign transaction fees when you travel abroad.
- Simply tap to pay with your contactless Iberia Visa Signature Card. Just look for the contactless symbol at checkout. It's fast, easy and secure!
Card Categories:
- Credit Card Reviews
- Airline Credit Cards
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Great Card If

You fly with Iberia and its partners frequently
You travel between the U.S. and Spain often and want to earn a 10% discount on tickets
You’ll spend enough on the card to earn the $1,000 airfare discount voucher

Don't Get If

You rarely fly with Iberia or its partners
You want a card that earns transferable rewards

Iberia Visa Signature® — Card Fees

Annual Fee
- $95
Foreign Transaction Fees
$0
Interest Rates
- 17.49% - 24.49% Variable
Late fees
- Penalty APR: Up to 29.99%
Balance Transfers
- 17.49% - 24.49% Variable
- Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
Cash Advance APR
- 26.49% Variable
- Fee: Either $10 or 5% of the amount of each transaction, whichever is greater.

Iberia Visa Signature Card - Is It Worth It?

Iberia business class — Image Credit: Iberia

Those who travel frequently with Iberia and its partners or flyers that travel often between Spain and the U.S. and are looking to score a discount on these flights would likely find that the Iberia Visa Signature card may be worth it for them.

The card doesn’t just help you earn more Avios on all of your spending but also delivers a $1,000 airfare discount voucher each year for those who spend $30,000 or more on the card, solid travel and purchase coverages, and more.

Iberia Visa Signature Card Top Benefits

Iberia Visa Signature Card Travel Benefits

10% Discount on Airfare

One of the best benefits of the Iberia Visa Signature card is the ability to get 10% off economy and business class Iberia tickets.

To use this discount you need to make a round-trip booking through iberia.com/Chase10 and pay with your Iberia Visa Signature card. Better yet, this discount applies on flights commencing on Iberia from any destination. That said, the 10% discount is only applied to the fare portion of your ticket, and is not applied to taxes, fees, and carrier charges.

Either way, if you regularly fly with Iberia, this is an excellent way to save yourself some money on tickets you purchase.

$1,000 Discount Voucher

While this isn’t an automatic card benefit, as it requires you to spend $30,000 on the card within a calendar year, it is a great perk for those that plan to put that level of spend on their Iberia Visa Signature card.

Once you’ve met the spend requirement, you’ll be sent a $1,000 voucher within 4 to 6 weeks, which can be used on any Iberia purchase for up to 12 months from the date of issue.

Iberia Visa Signature Card Protections

Baggage Delay Insurance: Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 3 days
Lost Luggage Reimbursement: If you or an immediate family member check or carry on luggage that is damaged or lost by the carrier, you’re covered up to $3,000 per passenger
Purchase Protection: Covers your new purchases made with your card for 120 days against damage or theft up to $500 per claim and $50,000 per account
Extended Warranty Protection: Extends the manufacturer’s warranty of items purchased with the card by an additional year, on eligible warranties of 3 years or less

Best Ways To Earn and Redeem Your Iberia Avios

You can earn more Iberia Avios by using your card for as many purchases as possible. Further, you can also earn more Iberia Avios by using points-earning cards from American Express Membership Rewards and Chase Ultimate Rewards, as Iberia is a 1:1 transfer partner of both programs. Your options don’t end there though, there are tons of great ways to earn Iberia Avios.

When it comes to redeeming your Avios, you’ll have plenty of great options including great pricing on award tickets between the U.S. and Spain, along with the ability to transfer your Avios between the other Avios partners British Airways, Aer Lingus, and Qatar Airways.

Alternative Cards to the Iberia Visa Signature Card

Chase Sapphire Preferred® Card

If you’re looking for a card that earns transferable rewards, then the Chase Sapphire Preferred card might be perfect for you.

The card earns 5x points per $1 on purchases made through the Chase travel portal, 3x points per $1 on dining, online grocery purchases, and select streaming services, plus 2x points per $1 on all other travel purchases, and 1x point per $1 on purchases outside of these categories.

You then have multiple redemption options when it comes to your points, including cash-back, travel purchases through the Chase travel portal where they are worth 25% more, or through one of the Chase travel transfer partners, which includes Iberia.

British Airways Visa Signature® Card

If you’re looking to add an Avios earning card to your wallet, but fly more with British Airways than you do Iberia, then the British Airways Visa card is a better option.

It earns rewards at the same rate of 3x Avios per $1 spent on IAG partner flights, 2x Avios per $1 spent on hotel accommodations, and 1x Avios per $1 on all other purchases.

You’ll also enjoy perks such as 10% off British Airways flights starting in the U.S., up to $600 in statement credits towards award tickets, and the ability to earn the British Airways Travel Together ticket if you spend $30,000 on your card in a calendar year.

Featured Image Credit: Chase

Frequently asked questions

Is the Iberia Visa Signature card worth it?

If you’re someone who flies with Iberia often, then the Iberia Visa Signature card is likely to be worth it to you thanks to thanks rewards, 10% discount on Iberia flights, and other great benefits.

Does the Iberia Visa Signature card have transfer partners?

You can transfer your Iberia Avios to other Avios currency partners at a 1:1 rate. These partners include Aer Lingus, British Airways, and Qatar Airways.

How does the Iberia Visa Signature card 10% discount work?

When you make a round-trip booking through iberia.com/Chase10 and pay with your Iberia Visa Signature card, you’ll receive a 10% discount off the airfare portion of the ticket (but not the taxes and fees) for any Iberia-operated flight. Note that this is not limited to flights to any from the U.S., but any Iberia-operated flight!

Does the Iberia Visa Signature card charge an annual fee?

Yes, the Iberia Visa Signature card has a $95 annual fee.

Does the Iberia Visa Signature card charge foreign transaction fees?

No, the Iberia Visa Signature card does not charge foreign transaction fees.

About Jarrod West

Jarrod has been writing about credit cards and loyalty programs, along with various travel and finance topics, for over 5 years. As an expert in the field, he is regularly called upon to comment on the latest news in the space, and has been featured in publications like the New York Times, Matador Network, and Yahoo Finance. With a B.S. in Economics earned from Northern Kentucky University, Jarrod uses his experience to analyze the best credit cards and rewards programs for readers. He also regularly attends conferences to learn and share ideas with fellow travelers. So, if you see him at conferences like TravelCon, CardCon, or Frequent Traveler University, be sure to stop and say hello!

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