Iberia Visa Signature® card review
An airline credit card for frequent flyers between the US and Spain.
finder.com’s rating: 3.6 / 5
- Get this card if you frequently fly between the US and Spain.
- Pick something else if you prefer other airlines, or if you want a general travel credit card.
- Apply with a good to an excellent score of 670 or higher.
Points as welcome offer
Up to 5x
15.99% to 22.99%
Purchase APR (variable)
|Welcome Offer||50,000 Avios after you spend $3,000 on purchases in the first 3 months, plus 50,000 after spending $20,000 in the first 12 months|
|Rewards||5x Avios on Iberia and partner airlines for the first 12 months (then 3x) and 3x on hotels for the first 12 months (then 2x)|
|Purchase APR||15.99% to 22.99% variable|
|Balance transfer APR||15.99% to 22.99% variable|
|Recommended minimum credit score||670|
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The Iberia Visa Signature® card is an airline credit card with a $95 annual fee. It offers Avios on all purchases, as well as accelerated rewards on Iberia purchases and hotel accommodations.
Given the card’s rewards structure, this product is best suited for those who travel frequently — specifically, those who often fly Iberia. If this doesn’t describe you, consider picking a card that offers bonus rewards for non-travel expenses. For example, the stellar American Express® Gold Card offers accelerated rewards not only on eligible flights, but also at restaurants and US supermarkets.
The card offers a perk with a potentially narrow, but extremely valuable, use case. Each calendar year you make at least $30,000 in purchases on your card, you’ll get a $1,000 discount voucher towards two tickets on the same flight. This is essentially a 3.3% rewards rate provided you use the voucher to its full potential. Coupled with the rewards you’ll earn on all purchases, the card becomes a fantastic choice in this sense.
You’ll find another helpful benefit: a 10% discount on flights you book through Iberia’s designated Chase portal. Saving this amount on just one flight can go a long way toward helping you offset your card’s annual fee.
All in all, your biggest consideration for the card should be whether you can qualify for — and use — the $1,000 discount voucher. What’s more, the card stacks great value if you’re a frequent Iberia flyer. If these factors aren’t slam-dunks for you, look into one of the many excellent travel-card alternatives.
How to apply for the Iberia Visa Signature® card
- Learn more about how to apply for Iberia Visa Signature® card.
- Click Apply Now.
- Complete the application with information such as your full name, date of birth, Social Security number and total annual gross income.
- Review your details and submit your application.
What credit score do I need?
Applicants typically have better approval odds with good to excellent FICO scores of at least 670.
- Signup bonus.
Spend $3,000 in purchases within the first 3 months of account opening, and you’ll earn 50,000 Avios. If you spend $20,000 total in purchases within your first year of account opening, you’ll earn an additional 50,000 Avios.
- Avios points.
You’ll earn 5x Avios on Iberia, British Airways and Aer Lingus purchases for the first 12 months, then 3x. You’ll also earn 3x points on hotels in the first 12 months, then 2x. On everything else you buy, you’ll earn 1x Avios.
- Discount voucher.
Spend $30,000 in a calendar year to earn a $1,000 discount voucher that you can use toward two tickets on the same flight.
- No foreign transaction fees.
You’ll pay nothing in foreign transaction fees on purchases made abroad.
- Other travel benefits.
Book Iberia flights on iberia.com/Chase10 and get 10% off your purchases. Also, your card gives you car rental collision damage waivers and luggage insurance.
What to watch out for
- Annual fee.
You’ll pay a $95 annual fee.
- Signup bonus eligibility.
If you already own this card, or have owned it and received a signup bonus in the last 24 months, you’ll be ineligible for the current signup bonus.
- High taxes and fees on reward flights.
According to Chase website, you have to pay taxes and fees of $682 to $1,250 for economy flights or $1,250 for business class, based on travel from Seattle to London.
Compare airline credit cards
You might enjoy the Iberia Visa Signature® card if you’re a frequent flyer between the US and Spain. You can earn accelerated points on Iberia, British Airways and Aer Lingus flights. You can also get a generous discount on two tickets if you hit the calendar year spending requirement.
However, if you’re looking for a card that offers different perks, consider similar travel credit cards to compare your options.
Frequently asked questions
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