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Last updated on June 21st, 2021
Iberia Visa Signature® Card
Earn Up to 100,000 Bonus Avios
- Regular Purchase APR 15.99% to 22.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 15.99% to 22.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 24.99% variable based on the Prime Rate
- Annual Fee $95
- Credit Needed Excellent , Good
- Processing Network Visa
- Earn 3 Avios per $1 spent on Iberia, British Airways, and Aer Lingus purchases; Earn 1 Avios per $1 on all other purchases
- Earn up to 100,000 bonus Avios in the first 3 months
- Get a discount voucher of $1,000 each year you use your card to make purchases of $30,000 or more
- No foreign transaction fees
- Regular Purchase APR: 15.99% to 22.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 15.99% to 22.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
- Cash Advance APR: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
- Annual Fee: $95
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
Please Note: This review is in the process of being updated by the BestCards team
At a Glance
Frequent Iberia flyers will find they can earn plenty of rewards points with the Chase Iberia Visa Signature® credit card, especially thanks to its gargantuan signup bonus.
Ideal for Those Who:
- Fly frequently, especially with Iberia Airlines, British Airways, or Aer Lingus
- Have an Iberia Plus account in which you already earn reward Avios
- Want to book travel with rewards miles instead of cash
- Have enough planned spending for a huge signup bonus
Iberia Visa Signature® Review
The Iberia Visa Signature® card is part of Chase Bank’s lineup of co-branded airline credit cards, all of which share the Avios frequent flyer currency. With this card, you’ll earn 3 Avios per $1 spent on Iberia, British Airways, and Aer Lingus purchases. On all other transactions with the card, you’ll earn 1 Avios per $1. With this structure in place, you won’t rack up Avios in much of a hurry unless you frequently fly with the above-mentioned airlines – or unless you use the card as your daily main form of payment – so keep that in mind if you’re thinking of applying.
If you do have plenty of shopping to do with this card, your rewards will be immense. The Iberia Visa Signature® rewards you with 4 Avios per $1 spent on all purchases – that’s right, all purchases – during your first year on a maximum of $30,000. That means you can get up to 120,000 Avios in your first 12 months as a cardmember if you’re a big enough spender.
Avios Auto-Enrollment
You’ll need to be enrolled in the airline’s Iberia Plus frequent flyer program in order to have the Avios earned through the card credited and stored. If you don’t, opening an account with the Iberia Visa Signature® card automatically enrolls you in the program. In addition to the Avios, you’ll also have the opportunity to earn a $1,000 discount voucher – good for two tickets on the same flight – every year if you manage to spend $30,000 for that year.
Other perks this card includes are a 10% discount on Iberia flights – just use the Iberia Visa Signature® to book – and contactless technology so you can simply tap your card to pay. As far as fees, there is a $95 annual fee, so it’ll be in your best interest to use the card often so you can offset the yearly charge. There are no foreign transaction fees, however, so you can use the Iberia Visa Signature® to make purchases all over the world.
For more information on Avios frequent flyer program, check out:
Should You Apply for the Chase Iberia Visa Signature® Card?
The Chase Iberia Visa Signature Card is an excellent airline card for those who frequently travel to Europe. The Iberia Card is one of only a few cards that earn points with other carriers. Purchases made withpartners like British Airways and Aer Lingus also earn 3x Avios for every dollar spent. The card also earns 2x points for purchases at hotels worldwide. This makes the card a very powerful tool for vacationers and business travelers.
The talking point with the card is an immense sign-up bonus of 100,000 Avios in the first year of membership. This bonus is achievable through reaching spending targets. These targets are 50,000 Avios when spending $3,000 in three months and 50,000 Avios after spending $20,000 within the year. Realistically, the second bonus is only for the upper echelon of cardholders. This makes the real bonus 50,000 Avios for most users. Still, however, 50,000 Avios is solid bonus that is well worth the $95 annual fee.
The Iberia Visa Signature is a reliable tool for those who travel often and prefer flying with Avios partners. And while the introductory bonus may attract applicants, the everyday value of the card is what will keep account holders satisfied for years to come.
