Iberia is great because — although accounts that have been open 90 days and have had some activity can move between Avios programs already — you can circumvent the active accounts requirement and go straight to the Spanish carrier’s program. And that lets you redeem for Iberia flights for far fewer miles, and without huge fuel surcharges.
Despite this deepening relationship with IAG I wasn’t expecting news that Chase would issue an Iberia credit card in the United States.