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Iberia Plus is currently running an excellent sale on Avios and if you’re looking to top up an account or use Avios to buy an award ticket in place of an expensive cash fare, then this is probably as good a deal as you’re going to find.
- Buy 2,000+ Avios and get a 50% bonus
- Promotion valid through 20th December 2019
- Iberia Plus members can buy a maximum of 200,000 Avios in any one calendar year
- Bonus Avios do not count towards the annual limit.
Key To Know
Iberia prices up Avios in Euros and US Dollars depending on which of Iberia’s websites customers use, but buying Avios priced in Euros is considerably cheaper than buying Avios in Dollars so readers should aim to use Iberia’s Spanish website (which can be viewed in English) to buy their Avios.
Iberia Plus will let you buy up to 200,000 Avios in this sale and you’ll get a further 100,000 bonus Avios added in once the bonus is accounted for but you don’t need to buy that many Avios to get the best deal – buying just 100,000 Avios will see you get as god a price as when you buy 200,000.
Here’s the proof:
Buying 200,000 Avios will cost you €3,601 which will net you 300,000 Avios:
In this instance, the cost per Avios is ~1.2 Euro Cents or ~1.3 US Cents
Buying 100,000 Avios will cost €1,800 which will net you 150,000 Avios…
…and this too would see you buying Avios at ~1.3 US Cents each.
There’s reasonably good news for anyone who doesn’t actually need a lot of Avios as the price/Avios doesn’t really skyrocket when you buy smaller amounts.
If you choose to buy just 20,000 Avios (for example)…
…you’ll end up with 30,000 Avios at a cost of €385 or ~1.28 Euro Cents/~1.4 US Cents each.
Is This Worth It?
I value Avios at just 1.0 cents each so the next sentence I type will probably seem odd – this Iberia Avios sale can be a very good deal.
What I mean here is that, although overall I don’t value Avios as high as the rate at which they’re currently being sold (which, admittedly, is the cheapest rate we usually see), there will be times when Avios bought at 1.3 cents each will be good value.
If you plan to buy Avios in the hope that you’ll find a good way to use them then I urge you to think again – that’s not a good idea. Avios can devalue at any time so buying Avios now and assuming you’ll get great value at some undetermined time in the future is foolhardy.
If, however, you looking to book a short-haul fare in the near future then buying Avios in this sale may well save you some cash.
On some of the more expensive domestic US routes (e.g. NYC – Washington D.C.) and on short-haul routes in Asia and Australia (e.g. Sydney – Melbourne) the cash fares can be incredibly high while the number of Avios needed for the trip is comparatively low.
It’s on routes like these where using Avios can be a big money saver.
In the case of a flight between New York and Washington D.C. (for example), an Economy Class fare would only cost 7,500 Avios + taxes…
…and with Avios purchased at just 1.3 cents each that works out to a total cost of approximately $103. That’s considerably cheaper than a lot of one-way fares you’ll see quoted for this route.
A Business Class fare between Sydney and Melbourne on Qantas will often (almost always?) cost at least AU$700/US$480 while an award booking will cost just 12,500 Avios + taxes and fees.
Buying Avios at 1.3 cents each and then booking this award would see you paying a little under $190 for a trip that would otherwise have cost $480.
Iberia uses Points.com to process its Avios sales so there’s no scope to earn extra points/miles from credit cards that offer a bonus on airfare or travel spending.
If you plan to buy Avios in this sale you should use a credit card that earns you a currency you value highly (I would use my Blue Business Plus card from American Express to earn 2 points/dollar), a credit card on which you’re looking to meet the spending criteria required for a welcome bonus or a good cash back credit card.
There are specific instances where buying Avios at 1.3 cents each will represent a very good deal but no one should be buying Avios without a plan.
If you’re looking to book a trip on which the cash fare is looking high then check to see if awards are available and work out if buying Avios at 1.3 cents each will save you money.
If you don’t have any trips planned then don’t let this deal suck you in – move on and only buy Avios when you have a definite plan for using them.