Iberia business class awards are wide open for two passengers between New York JFK and Madrid. There’s quite a bit of space in November and December, but things really open up for January and February 2023.
Chase and American Express transfer directly to Iberia. However if you have American Express points you don’t want to do this, you’d want to take advantage of the 40% transfer bonus currently available to British Airways and then – as long as you have a pre-existing Iberia account with some activity, even just a points transfer – transfer to Iberia to book the flight through them.
That’s because Iberia doesn’t add significant fuel surcharges and will cost just 68,000 Avios roundtrip. With the 40% transfer bonus that means spending just 49,000 Membership Rewards points roundtrip.
Capital One transfers to British Airways as well, and Citi transfers to Qatar, either of which provide the opportunity to transfer to an active Iberia account and would let you redeem at 68,000 points roundtrip. In order to transfer points your Iberia account must have been active for at least 3 months and have earned points.
The value in this opportunity,
- Expect to pay ~ $175 in taxes and fees roundtrip via Iberia versus $1400 via British Airways
- 68,000 miles roundtrip – let alone 49,000 Membership Rewards – is an incredible price, compare to 140,000 as a rough average from many programs and even thee amazing 88,000 miles roundtrip that ANA charges for transatlatnic business class coems with fuel surcharges on most partners.
This is an obvious win for New Yorkers, who can easily take advantage of these flights to Madrid. (Once in Europe getting around is easy, and Avios are great for short haul redemptions.) This isn’t peak season, to be sure, though I tend to prefer visiting Europe when there aren’t myriad American teenagers roaming around (or German package tourists). For those in other cities it’s a good enough deal that some will find it useful to position to and from New York to take advantage of it.