Limited time: 50% off all Iberia Plus Avios redemptions — with some big catches

Aug 25, 2020

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Want to fly to to the USA from Madrid (MAD) in a lie-flat business class seat for just 17,000 points plus less than £80 in taxes and fees? Or, how about economy awards for the family from just 8,500 miles per ticket (also with sub-£80 taxes/fees)? This is not the stuff of mileage make-believe.

These are real award prices available for a limited time thanks to a 50% discount on Iberia flights to Madrid made by 30 August, 2020 — but there are a few big catches!

Here’s a closer look at the promotion.

In This Post

Booking Iberia awards for 50% off

(Photo by Lori Zaino / The Points Guy)

As highlighted by One Mile at a Time, the 50% discount drops the price of Iberia awards from Madrid (MAD)to the U.S. East Coast cities like New York (JFK), Chicago (ORD) and Boston (BOS) on off-peak dates to 17,000 Avios in business and 8,500 Avios in economy. class. This discount is available for flights set to depart between 1 September, 2020 and 15 March, 2021.

In addition to New York, Chicago and Boston, Iberia also operates flights from Madrid from Los Angeles, San Francisco and Miami. Departing from those cities will cost additional points (21,250 each way) due to Iberia’s distance-based award chart. Regardless, it’s still an excellent deal for transatlantic business class. You can depart from the U.K. however note this will significantly increase the fees and taxes thanks to the U.K.’s unavoidable APD Tax so it can definitely be worth the extra hassle to start your journey from Spain.

Related: How to Avoid High Taxes on Your Next Avios Redemption

Note that the prices quoted above are for off-peak travel dates which you can find on the Iberia website. 2021 dates have yet to be officially announced, but they’re bookable online and largely match Iberia’s 2020 dates. Many of these dates have three or more seats available in business class.

One last thing: Iberia’s website shows traditional off-peak pricing when you search for awards. However, the 50% discount will appear when you select the cabin you’d like to fly. You’ll be shown the amount of Avios you need to purchase if you don’t have enough to book.

Iberia 50% Pricing
(Image courtesy of Iberia)

The “Avios and Money” option can be a good deal here too. You can use just 3,400 Avios and ~£262 to book a one-way business class ticket from Madrid to say New York, which is an excellent deal when compared to buying a cash ticket. Do the math and find which works best for your wallet.

Too good to be true?

(Photo by Christian Kramer/The Points Guy)
(Photo by Christian Kramer/The Points Guy)

There are some serious drawbacks to this offer you should be aware of:

  • Firstly, the promotion is only available if you have a Spanish address registered in your Iberia Plus account;
  • Your Iberia Plus account must be active for at least 90 days. Newly opened accounts are not eligible;
  • You must already have at least some Avios in your Iberia Plus account;
  • Many destinations Iberia fly to (particularly long-haul) are currently not allowing British travellers entry; and
  • On your return to the U.K. you will be subject to a 14 day quarantine as you will be transiting Spain, even if you are returning from a non-quarantine country.

Related: What you need to know about travelling to and from Spain right now

Transfer Points to Iberia Plus

If you satisfy/are comfortable with the above requirements and restrictions, you can move Avios from your British Airways or Aer Lingus Avios accounts into Iberia Plus – here is how you do it.

Iberia Plus is also a transfer partner of American Express Membership Rewards.

Bottom Line

Paying just 17,000 points plus less than £80 in taxes and fees to cross the Atlantic in a lie-flat business-class seat is an excellent deal. You do need to be aware of the various caveats described above though as the travel goalposts constantly change due to COVID-19.

While the promotion runs until 30 August, we recommend booking sooner rather than later. Award availability — especially in business class — may be booked up pretty quickly.

Additional reporting by Summer Hull and Ben Smithson

Featured image by Christian Kramer/The Points Guy

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