Iberia Plus are offering a special 50% Christmas bonus for transferring Avios to another person. Normally this doesn’t make much sense – you can always book reward tickets for other people without transferring any miles to them – but you can actually buy Avios for 1 euro cent each this way! The promotion runs until 31 December, 2016.
To participate you must transfer to / share Avios with a third party. That person will actually receive 50% more Avios than you send. For hopefully obvious reasons, transferring/sharing existing Avios costs less than buying them, with the following pricing scale:
- 1,000-6,000 Avios = 30 euros
- 7,000-12,000 Avios = 75 euros
- 13,000-18,000 Avios = 115 euros
- 19,000-24,000 Avios = 160 euros
Counter-intuitively, the best value comes from transferring 6,000 Avios. So, in order to “buy” Avios for 1 euro cent each, you should do the following:
Transfer 6,000 Avios from Person A to Person B. This will cost Person A 30 euros, but Person B will receive 9,000 Avios.
Person B can then transfer 6,000 Avios back to Person A. Again, this will cost Person B 30 euros, and Person A will receive 9,000 Avios.
In total, Person A has paid 30 euros and ends up with an additional 3,000 Avios. Person B has also paid 30 euros and has ends up with an extra 3,000 Avios. So, the maths are incredibly simple for those working in euros… 3,000 Avios for 30 euros…
You are allowed to do this up to an annual maximum of 144,000 Avios per account. A couple of years ago my partner and I participated in this promotion several times at the 6,000 Avios sweet spot, with no problems at all. So go ahead and pretend to be sharing Avios with your partner, when you’re actually just buying them cheap. Happy Christmas!!