Through December 15, 2016, the US American Express Membership Rewards program is offering a 50% transfer bonus to Iberia. Amex points usually convert into Iberia Avios at a 250:200 ratio, so through this promotion Amex points convert into Iberia Avios at a 250:300 ratio.
That basically means you’re getting 1.2 Iberia Avios per Membership Rewards point. The bonus is hard coded into the transfer ratio, meaning that you can take advantage of the transfer bonus as often as you’d like.
A while back Tiffany wrote about the benefits of using the Iberia Avios program. While it’s very similar to British Airways’ program, there are also quite a few differences. Iberia also has a distance based award chart, but it’s slightly different in terms of redemption rates.
But what will probably be most interesting to people about this transfer bonus is that you can transfer Avios between the Iberia and British Airways program, provided the following is true:
- Both accounts have been open for at least 90 days
- Both accounts have had some activity (which can be transferring a handful of points from Membership Rewards or SPG, crediting a flight, etc.)
Presumably the biggest barrier for most is needing to have the account open for 90 days, so if you don’t have an Iberia Plus account yet, I’d recommend going ahead and opening one now, so that the 90 day counter starts.
Unfortunately the transfer ratio between Amex and British Airways/Iberia was devalued last year, so the transfer ratio is no longer 1:1. If you are looking to convert Membership Rewards points into Avios (either British Airways or Iberia), taking advantage of a transfer bonus like this is your best bet.
Around the same time last year we saw a transfer bonus from Amex to Iberia of 25%, so the 50% bonus is significantly better. There are many circumstances under which it could make sense to take advantage of this offer.
Do you plan on transferring Amex points to Iberia with a 50% bonus?
(Tip of the hat to @IadisGr8)