For several months, a technical glitch has meant that Iberia Plus was unable to sell Avios. But that problem has been fixed! Between now and June 24, 2022, you can receive a 50% bonus when buying Avios. As always, you can then Combine Your Avios to move them over to British Airways Executive Club, should you so choose.
Iberia Plus has updated its prices to charge in euros, pounds sterling or US dollars. Given current exchange rates, however, you will definitely want to pay in euros (with a zero commission credit / debit card of course).
How to Pay in Euros
Iberia’s Terms & Conditions state that you will be charged in the currency where your account is located. (this now matches the British Airways Executive Club policy)
As a result, you must update your Iberia Plus profile to have a postal address in Spain. Choose your favorite hotel or ask a friend living in Spain. (nothing will ever arrive in the post, unless you reach elite status and a new card is sent to your registered address…)
It is worth highlighting that some Iberia Plus promotions – especially 50% off reward flights – are sometimes restricted to Spanish residents. Even more reason to register your Iberia Plus account to a Spanish postal address…
Bottom Line
The price of Avios gets gradually cheaper the more you buy. The cheapest price tends to settle around the 1.2 euro cent level, which is slightly more than 1.25 cents per Avios. You do need to buy 150,000+ Avios to get that price though.
For smaller top ups, you shouldn’t pay much more than 1.5 cents per Avios.
Now that Iberia Plus has fixed its IT issues, these promotions will probably come around every few months. As a result, there’s no need to buy Avios speculatively. But if you have a redemption in mind and need to top up your Avios balance, now is the perfect time…
Hi Ziggy,
I changed my address to see if I could get the currency to change for buying Iberia Avios. Then I saw some things online about account flagging and I checked my Chase Iberia terms and conditions and they mention that changing addresses outside the US will cause earning to stop.
I’m an American who lives (most of the year) in Europe. Should I be worried from the flip-flopping?
I wouldn’t expect that an Iberia Plus account with a European address will be able to receive Chase points.
Perhaps you should set your British Airways account to a European address. Whenever BA runs its 50% offer, the pricing is the same (in euros). If sterling keeps crashing, a UK address would be even better since you could buy in pounds.
Hi Craig. Thanks for the reply. I maintain an address in the US because it makes a lot of things easier. I’m also there a good chunk of the year. Sorry for addressing you incorrectly. I was scrambling yesterday and all over since I bought the miles more or less as an experiment. Didn’t think it through and jeopardizing the account wouldn’t be great.