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Iberia Visa Signature® Card Review: A Solid Credit Card for International Travelers

Review Updated
Matt Frankel, CFP®
Matt Frankel, CFP®
| 1 other [ + ]
Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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OFFER STATUS

Iberia Visa Signature® Card is unavailable on Motley Fool Money. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.

The Iberia Visa Signature® Card is an excellent product for travelers who regularly fly Iberia, as well as British Airways or Aer Lingus. It offers a great welcome bonus, solid rewards and benefits for travel, as well as the opportunity for high spenders to earn a big discount on flights. Read our full review to find out if it's right for you.

Ratings Methodology

Iberia Visa Signature® Card

Iberia Visa Signature® Card
Rating image, 3.75 out of 5 stars.
3.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 3.75 out of 5 stars.
3.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR Circle with letter I in it. n/a

Purchases: N/A

Balance Transfers: N/A

Regular APR

20.99% - 27.99% Variable

Rewards Circle with letter I in it. Earn 3 Avios per $1 spent on purchases with Iberia, British Airways, Aer Lingus, and LEVEL. Earn 2 Avios per $1 spent on hotel accommodations when purchased directly with the hotel.

Earn 3 Avios per $1 spent on purchases with Iberia.

Annual Fee Circle with letter I in it. n/a

$95

Welcome Offer Circle with letter I in it. Earn 85,000 Avios after you spend $5,000 on purchases within the first three months of account opening.

Earn 85,000 Avios.

  • If you travel on Iberia or any of the other IAG airlines, this could be an excellent travel rewards credit card for you.

    • Strong welcome bonus
    • High rewards rate on travel
    • Perks for high spending
    • Airfare discount
    • Travel benefits
    • Annual fee
    • Earn 85,000 Avios after you spend $5,000 on purchases within the first three months of account opening.
    • Earn 3 Avios per $1 spent on purchases with Iberia, British Airways, Aer Lingus, and LEVEL.
    • Earn 2 Avios per $1 spent on hotel accommodations when purchased directly with the hotel.
    • Save 10% on Iberia flights purchased on iberia.com/Chase10
    • 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
    • Pay no foreign transaction fees when you travel abroad.
    • Simply tap to pay with your contactless Iberia Visa Signature Card. Just look for the contactless symbol at checkout. It's fast, easy and secure!
    • Member FDIC
Iberia Visa Signature® Card is unavailable on Motley Fool Money. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.

Credit card comparison

We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash back on rotating categories 		Discover will match all the cash back you’ve earned at the end of your first year. 1% - 5% Cashback Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 18.24% - 27.24% Variable APR

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash rewards on everyday spending 		$200 cash rewards Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. 2% cash rewards Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

Intro: Circle with letter I in it. 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 12 months from account opening

Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers

Regular: 19.24%, 24.24%, or 29.24% Variable APR

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for unlimited rewards on purchases 		25,000 points Circle with letter I in it. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases 1.5-3 points per dollar Circle with letter I in it. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.

Intro: Circle with letter I in it. 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America.

Purchases: 0% Intro APR for 15 billing cycles for purchases

Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Regular: 18.24% - 28.24% (Variable)

Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

Full Iberia Visa Signature® Card review

This credit card is a good fit for: Travelers who frequently fly on Iberia or its sister airlines and want to maximize their rewards.

Top perks

As you might imagine since it is an airline credit card, the Iberia Visa offers some excellent travel perks, specifically for consumers who travel on Iberia and its affiliates. Rewards are paid in Avios, which is the frequent flyer mile equivalent offered by Iberia and the other major airlines owned by International Airlines Group, specifically British Airways and Aer Lingus.

Rewards and discounts on Iberia and its sister airlines

The Iberia Visa card offers a three-tiered rewards structure. Get 3x Avios per $1 on flight purchases on Iberia, British Airways, and Aer Lingus (all of which are owned by the same parent company). Hotel purchases booked directly through a hotel earn 2x Avios per $1 spent. And everyday purchases earn rewards at the rate of 1x Avios per $1 of spending. In addition, cardholders get a 10% discount on airfare booked through Iberia with the card.

Strong welcome bonus

The Iberia Visa card offers an excellent welcome bonus. Earn 85,000 Avios., although the spend requirement of $5,000 within the first three months is a bit on the high end. Travel website The Points Guy values Avios at $0.015 each, which makes this bonus worth $1,125 when redeemed for travel.

Travel benefits

The Iberia Visa card offers excellent travel benefits. In addition to the earnings rate mentioned earlier, the card has no foreign transaction fees, while other (mostly non-travel) credit cards often charge fees of around 3% on average.

The card also offers baggage delay insurance (up to $100/day for three days) and lost luggage reimbursement of as much as $3,000 per passenger.

Big reward for high spenders

Cardholders who spend $30,000 on purchases on their Iberia Visa card in a calendar year receive a $1,000 discount voucher to use when purchasing two tickets on the same flight. For people who use their card often, this benefit alone could justify getting the card.

What could be improved

There's no such thing as a perfect credit card (and if there is, we certainly don't know about it!). So, there are a few potential drawbacks you should know about before signing up.

Annual fee

The Iberia Visa has a $95 annual fee, so it's important to be aware that the card comes at a cost. Now, high spenders and frequent travelers on Iberia, British Airways, and Aer Lingus could certainly find this well worth the cost, especially with the possibility of earning a $1,000 travel voucher, but it's still important to keep in mind.

Designed for high spenders

While you don't need to be a big spender to take advantage of the high rewards rate on certain travel purchases and the 10% airfare discount, the welcome bonus requires $5,000 in spending within three months. What's more, the $1,000 discount flight voucher -- arguably the card's most enticing perk -- requires $30,000 in annual spending.

Suggested credit score

The Iberia Visa is generally intended for people with above-average credit, which is typically defined as a FICO® Score of 700 or higher. However, there are other factors that determine approval status and credit limits, including your income, employment situation, and your debts. It's entirely possible to get approved with a lower credit score and rejected with a higher credit score, depending on your specific circumstances.

The Iberia Visa Signature® Card is right for you if:

The Iberia Visa could be an ideal credit card for people who travel on Iberia, British Airways, or Aer Lingus often, especially those who can hit an annual spending threshold of $30,000 to unlock a big travel benefit.

Our credit card methodology

At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.

FAQs

  • All Visa Signature cards offer some purchase and travel benefits. These include extended warranty protection, travel and emergency assistance, access to the Visa Signature concierge service, and more.

  • Avios are the rewards currency of several airlines, including British Airways, Iberia, and Aer Lingus. They can be earned directly from the airlines by flying, as well as through hotel, rental car, and other partners, and they can be redeemed for flights as well as a variety of other uses.