Iberia Visa Signature

The Iberia Visa Signature's main draw is its 75,000 Avios signup bonus after $5,000 in spending in the first three months, a sizable haul for a $95 card. Longer term, the most valuable perk is the companion voucher worth up to $1,000 for two tickets on the same Iberia flight, but you only earn it by spending $30,000 in a calendar year, which puts it out of reach for many households. Everyday earning is modest: 3 points per dollar on Iberia, British Airways, and Aer Lingus flights, 2x on hotels booked directly, and just 1x on everything else. The 2,500 anniversary Avios, 10% off Iberia flights booked through the cardmember site, and baggage delay and lost luggage coverage help offset the fee, and there is no foreign transaction fee. This card makes the most sense for travelers who already fly Iberia or its partners and can either chase the voucher or put the welcome bonus to good use; everyone else will find better everyday earners.