MoneyGeek’s Take

Chase Iberia Visa Signature Review

The Chase Iberia Visa Signature credit card is a popular option for Iberia loyalists who fly frequently. The card earns Avios reward points, a popular reward currency that you can redeem with several airlines under the International Airlines Group. It also comes with several travel-focused benefits and perks.

Reviewed by    |  

In this review of the Chase 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.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Cash Back Rewards
  • Travel Rewards
Click to see this card’s rates, fees and how they compare to other cards in our dataset.

Chase Iberia Visa Signature at a Glance

The Chase Iberia Visa Signature credit card offers many benefits, including a generous welcome offer of 100,000 Avios after spending $5,000 on the card in the first three months of card membership. You can earn Avios with eligible airline purchases, hotel accommodations and other purchases. Avios can be redeemed in many ways or transferred to partner airlines.


  • Chase Iberia Visa Signature

    A good travel card for Iberia loyalists looking to earn Avios


    • Good–ExcellentCredit Needed
    • $95Annual Fee
    • 1–5 Avios per $1Rewards Rate
    • 3xRewards Rate on Air Travel
    • 2xRewards Rate at Hotels

Pros & Cons Explained

To understand if the Chase Iberia Visa Signature credit card can be the right choice for you, take a look at its pros and cons and see if it fits your needs.

Pros

  • Benefits
    Description
  • Generous Welcome Offer
    You can earn up to 100,000 Avios points with this card when you spend $5,000 on the card within your first three months of account opening.
  • Discount Voucher
    If you charge $30,000 or more in a calendar year, you are eligible to get a $1,000 discount that you can use when buying two tickets on the same flight, as long as the cardholder is one of the passengers.
  • Flight Discount
    For every purchase with Iberia using the dedicated portal for Chase customers, you can receive a 10% discount on base fares for yourself and up to eight co-fliers.
  • Visa Signature Benefits
    Having a Visa Signature card brings several benefits, including travel and purchase protection and access to Visa Signature luxury hotels.

Cons

  • Drawbacks
    Description
  • Annual Fee
    The card comes with a $95 annual fee. It can be possible to locate a card with similar benefits which does not charge one.
  • Limited Flexibility
    The card rewards Avios, which may feel limiting in terms of redemption options. You might be better off with an alternative if you do not use Iberia or its partner airlines frequently to travel.
  • No Airline Benefits
    Many airline co-branded cards offer airline benefits like priority boarding, free checked baggage and in-flight discounts. This card offers no such benefits for Iberia or partner flights.
tip icon
LOOKING FOR THE BEST CREDIT CARDS OF 2021?

MoneyGeek periodically evaluates the data of each card to select top picks across various popular categories. Check out our picks for the best travel card of 2021 to learn more.

Bonuses & Rewards Explained

The benefits that come with the Chase Iberia Visa Signature card include a generous welcome offer that gives you 100,000 Avios for spending $5,000 within three months of opening the account. 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 5x Avios points for every dollar spent with Iberia or partner airlines Aer Lingus or British Airways for one year, after which this rate drops to 3x. You also get 3x Avios for every dollar spent on hotel accommodations that you purchase directly from the hotel for the first year, after which you earn 2x Avios. For all other purchases, you earn 1x Avios for every dollar spent.

Here are some ways you can redeem your Avios points.

1

You can redeem your Avios points directly with Iberia and its partner airlines. Each partner airline has its own redemption values, though you are able to transfer points between airlines.

2

You can also use your reward points for upgrading your flight seats, hotel stays, car rentals and select experiences with Avios partners.

Other Features Explained

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

  • Card Feature
    Description
  • 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.
tip icon
MONEYGEEK EXPERT TIP

"Take a look at business class redemptions from the U.S. to Madrid with the Iberia Avios loyalty program for maximum value. You can also combine Avios from Iberia, British Airways, and Aer Lingus for a redemption." - Alene Laney, Credit Card Journalist

Understanding the Fine Print

  • Card Feature
    Amount or Rate
  • APR
    15.99%–22.99%
  • Annual Fee
    $95
  • Cash Back Rewards
  • Rewards Rate
    1–5 Avios per $1
  • Airline Benefits
  • This is an icon

    Regular APR

    The Chase Iberia Visa Signature card comes with a moderately high APR of 15.99%–22.99% for purchases and balance transfers and a penalty APR of up to 29.99%. The card charges a variable cash advance APR of 24.99%.

  • This is an icon

    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.

tip icon
FINDING YOUR CARD'S RATES AND FEES

To compare this card with other travel cards or airline co-branded cards, pay attention to the APR, fees and rewards structure to see if it makes sense for you. If comparing the Chase Iberia Visa Signature with a card you already use, take a look at your last billing statement or check the website or mobile app of the card issuer. You can also find relevant information from the credit card agreement database maintained by the Consumer Financial Protection Bureau (CFPB).

Who Should & Shouldn’t Consider Chase Iberia Visa Signature?

Loading...
Loading...

Other Considerations for Chase Iberia Visa Signature

Your planned use case is the best way to determine if the Chase Iberia Visa Signature card would be a good choice for you. This also depends on whether this will be your sole credit card or you have others in your wallet already.

Things to Consider if This is Will Be Your First or Only Credit Card

This card only makes sense as your sole credit card if you travel frequently and have an existing loyalty to Iberia and its partner airlines. If you value Avios points, this can be a good choice for you. If you are looking for a card with no annual fees or a card with a much more versatile and universally applicable rewards system, you might be better off with an alternative or additional card.

Things to Consider if This is Will Be an Additional Card in Your Wallet

The Chase Iberia Visa Signature card can make sense as an additional card in your wallet if you fly frequently and want to make the most of your loyalty to Iberia and its partner airlines. If you already have a travel-focused card, it can make sense to opt for this card specifically for its airline rewards. If you want an additional card you can use internationally, this can be a good choice.

tip icon
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.

How Chase Iberia Visa Signature Compares to Other Cards

While the Chase Iberia Visa Signature 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.

Quick Comparison of Chase Iberia Visa Signature

creditCard

Chase Iberia Visa Signature

  • Annual Fee: $95
  • APR: 15.99%–22.99% variable
  • Welcome Offer: 100,000 Avios
  • Best for: Frequent fliers who fly Iberia
creditCard1

Chase British Airways Visa Signature

  • Annual Fee: $95
  • APR: 15.99%–22.99% variable
  • International Transaction Fee: 0%
  • Welcome Offer: 100,000 Avios
  • Best for: Frequent flyers with British Airways

Other Helpful Decision-Making Q&As

Here are some important frequently asked questions and answers about the Chase Iberia Visa Signature card to help you make your decision.

Still not sure about this card? Consider these options.

If you are not sure if this card will meet your needs, take a look at other airline co-branded cards or travel cards. If you do not want a travel-focused card, you might be better off with a rewards card or a balance transfer card.

Learn more about credit cards in general

sources