MoneyGeek’s Take

Iberia Visa Signature® Card Review

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ByDoug Milnes, CFA
Reviewed byAlene Laney
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ByDoug Milnes, CFA
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Reviewed byAlene Laney
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Updated: June 10, 2024

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Iberia Visa Signature® Card

Rewards RateEarn 3 Avios per $1 spent on purchases with Iberia...
APR21.49% - 28.49% Variable
Annual Fee$95
Recommended CreditGood–Excellent
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WHY TRUST OUR REVIEWS

MoneyGeek follows a streamlined and well-defined methodology to review and rank cards. We use standardized data points for easy comparison, analyze average spending profiles, determine long-term values and re-rank cards regularly.

In this review of the Iberia Visa Signature® Card, we take a look at its features, the benefits of opting for an airline co-branded card and its other perks and benefits. The card comes with a generous welcome offer that can justify its annual fee and presents good value for frequent fliers who use Avios reward points. It is also a good option for those seeking loyalty status with membership programs that accept Avios.

Iberia Visa Signature® Card Overview

The benefits that come with the Chase Iberia Visa Signature card include a limited-time generous welcome offer that will let you earn 85,000 Avios after you spend $5,000 on purchases within the first three months of account opening. If you charge $30,000 or more in a calendar year, you get a $1,000 discount for two tickets on the same flight. You can also save 10% on Iberia flights purchased from the designated web portal for Chase customers.

You earn 3 Avios per $1 spent on purchases with Iberia, British Airways, Aer Lingus, and LEVEL. You also earn 2 Avios per $1 spent on hotel accommodations when purchased directly with the hotel.

Quick Take

  • Limited time offer! Earn 85,000 Avios after you spend $5,000 on purchases within the first three months of account opening.
  • Earn a discount voucher of $1,000 to use toward two tickets on the same flight for each calendar year you make purchases of $30,000 on your card
  • 10% discount on flights booked with Iberia

Important Card Details

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    Regular APR

    The Iberia Visa Signature® Card comes with a moderately high APR of 21.49% - 28.49% for purchases and balance transfers and a penalty APR of up to 29.99%. The card charges a variable cash advance APR of 29.99%.

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    Fees and Charges

    The card comes with a $95 annual fee and does not charge any foreign transaction fees. For balance transfers, the card charges $5 or 5% of each transfer, whichever is higher. For cash advances, the card charges $10 or 5% of the amount of each transaction, whichever is higher.

Additional Benefits

The other features and benefits that come with the Iberia Visa Signature® Card credit card include:

  • Reimbursement for Lost Luggage: If you or someone in your immediate family faces any damage or loss of luggage during transit, you can get reimbursement to replace your belongings up to $3,000 per passenger.
  • Delay Insurance: If your baggage gets delayed for over six hours, you can be eligible for up to $100 per day as reimbursement for a maximum of three days to purchase items of essential use.
  • Car Rentals: The card comes with a secondary coverage auto rental collision damage waiver.
  • Purchase Protections: Purchases that you make with this card remain covered for 120 days against theft or damage to a maximum of $500 per claim and $50,000 per card account. You can also benefit from an additional year of warranty coverage on all eligible purchases which come with a warranty of three years or less.
  • No Foreign Transaction Fee: This card imposes no fee for foreign transactions, making this an ideal choice for international use.
  • Customer-Centric Features: The card features tap-to-pay for additional security and ease of use. You can access your credit score through Chase and easily manage your card account online.

How the Iberia Visa Signature® Card Compares To Other Cards

While the Iberia Visa Signature® Card credit card can represent good value for frequent fliers loyal to the Iberia brand, there are other cards you can consider as well to find the best choice for your use case.

How the Iberia Visa Signature® Card Compares

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Iberia Visa Signature® Card

  • Annual Fee: $95
  • APR: 21.49% - 28.49% variable
  • Welcome Offer: Limited time offer! Earn 85,000 Avios after you spend $5,000 on purchases within the first three months of account opening.
  • Best for: Frequent fliers who fly Iberia
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British Airways Visa Signature® Card

  • Annual Fee: $95
  • APR: 21.49% - 28.49% variable
  • International Transaction Fee: 0%
  • **Welcome Offer:**Limited time offer! Earn 85,000 Avios after you spend $5,000 on purchases within the first three months of account opening.
  • Best for: Frequent flyers with British Airways

Frequently Asked Questions

What is the average credit score needed to get approved for Iberia Visa Signature® Card?
Does Iberia Visa Signature® Card report to all three credit bureaus?
Is the Iberia Visa Signature® Card application process lengthy? Can you prequalify?
What information is needed to apply for Iberia Visa Signature® Card?
Does Iberia Visa Signature® Card have good customer service or satisfaction?
Does Iberia Visa Signature® Card have a mobile app or the option to pay or manage your account online?
Does Iberia Visa Signature® Card raise credit limits automatically or charge for limit increases?
Does Iberia Visa Signature® Card offer the options to freeze your credit/account or have other security features?
Does Chase offer other credit cards besides Iberia Visa Signature® Card?

About Doug Milnes, CFA


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Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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