50% Transfer Bonus: American Express Membership Rewards To Iberia (250:300)

The Offer

Direct link to offer

• Receive a 50% bonus when you transfer your American Express membership rewards points to Iberia Plus Avios. For example, transfer 250 American Express membership rewards and receive 300 Avios.

The Fine Print

• Minimum transfer is 250 Membership Rewards points.
• Redeem for this exclusive offer from 12:00 a.m. CT on November 15, 2016 to 11:59 p.m. CT on December 15, 2016, to receive 50% additional Avios.
• Additional Avios will be awarded at the time of transfer.

Our Verdict

Historically the transfer bonuses to Iberia have been as follows:

• December 1st – 31st, 2015: 25% bonus (was when the transfer rate had dropped to 1:0.8 but people still getting 1:1.25 after bonus being applied twice)
• September 19th – November 16th, 2011: 20% bonus

Realistically this means that this is in line (bonus in 2011) or slightly worse (last years promo that wasn’t being applied correctly) even though this is a ‘higher’ transfer bonus of 50%. British Airways are going to be combining their Iberia Plus program into their other programs in 2017 and we still don’t know what that new program will look like so I wouldn’t be transferring Membership Rewards points into Iberia Plus speculatively (e.g only do it if you have bookings you’re ready to make).

There are two other current American Express transfer bonuses:

• American Express Membership Rewards: 50% Transfer Bonus To Plenti (500:750) – Get 1.5¢ Per Point: Valid until December 31st, 2016
• [Targeted] 50% Transfer Bonus: American Express Membership Rewards To Starwoods Preferred Guest (2:1), Valid until November 17th, 2016

You can view a full list of all the transfer bonuses American Express have ever offered here.

Hat tip to OMAAT