Iberia Club: Up to 30% Off Award Flights with Avios

Iberia Club just kicked off a redemption sale for spring and summer travel, with up to 30% off Avios on award flights from Madrid. Bookings need to be made by May 10, 2026, and travel needs to wrap up by September 15, 2026, which lines up neatly with Iberia's brand-new Toronto–Madrid route launching in June.

The discount applies to flights from Madrid to a long list of destinations across Europe, North America, Latin America, and Africa, sorted into 30%, 20%, and 10% tiers. Most are valid in both business class and economy, with a handful of long-haul routes available in only one cabin.

Avios are the easiest premium-cabin currency for Canadians to earn outside the Aeroplan ecosystem, so a sale this broad is worth a closer look.

The Deal

The promotion runs on award bookings made through ib.com or the Iberia Club service centre, with the following structure:

• 30% off on selected European routes including Madrid–London, Madrid–Rome, Madrid–Athens, Madrid–Lyon, and Madrid–Manchester, in both business class and economy
• 20% off on a mix of European routes plus several Latin American destinations such as Madrid–Lisbon, Madrid–Brussels, Madrid–Toronto, Madrid–Miami, and Madrid–Buenos Aires, mostly valid in both cabins, with some long-haul routes restricted to a single cabin
• 10% off on the broadest list, including Madrid–Paris, Madrid–Frankfurt, Madrid–Mexico City, and Madrid–New York

Booking window: now through May 10, 2026. Travel window: now through September 15, 2026. The discount applies to the Avios portion only. Taxes and fees are unchanged, and Iberia Group Air Shuttle, Vueling, and LEVEL flights are excluded.

The promotion can't be combined with other Avios redemption offers running during the same window, so any redemption-side discount you might have stacked won't apply on top. Anything on the earning side, like a transfer bonus or credit card welcome offer, is fair game.

The Routes That Matter for Canadians

Most of the discounted city pairs are intra-European or domestic Spanish routes, useful if you're already in Madrid and want to get somewhere else cheaply. A few long-haul routes are directly relevant if you're flying transatlantic from Canada.

Madrid–Toronto sits in the 20% tier for economy and 10% for business class. With Iberia launching its nonstop Toronto service in June, this is the headline route for Canadian readers, and the only city pair on the list with a direct Canadian gateway.

Madrid–London at 30% off is the cheapest short-haul Avios redemption on the list, and a useful piece if you're stitching together a positioning hop or a side trip from a transatlantic itinerary you've booked separately.

Other long-haul routes worth flagging:

• Madrid–Buenos Aires, São Paulo, and Rio de Janeiro: 10–20% off depending on cabin. Iberia is one of the strongest carriers between Europe and South America, and these routes rarely show this kind of Avios discount
• Madrid–Bogotá, Lima, and Santiago de Chile: 10% off, with Bogotá including premium economy
• Madrid–Mexico City and Madrid–Monterrey: 10% off in both cabins

What This Deal Is Worth

To put a number on it, take a one-way Madrid–Toronto economy redemption. Iberia's saver award price on the new A321XLR is 16,000 Avios off-peak. Apply the 20% discount and you're at roughly 12,800 Avios for the same seat, saving 3,200 Avios per one-way.

Round-trip in economy, that's 6,400 Avios saved, enough to cover an intra-European hop on the back end at the discounted 30% rate.

The business class math is where this sale stands out. Toronto–Madrid prices at 40,500 Avios off-peak in saver inventory, already one of the better lie-flat redemptions across the Atlantic. Apply the 10% discount and you're at roughly 36,450 Avios for a nonstop business class seat to Madrid. Round-trip, that's 8,100 Avios saved.

One caveat: Iberia's award pricing varies by date and demand, and saver inventory isn't always available on the dates you want. Pull up a search on ib.com before you decide whether the discount makes the math work for your specific dates.

How to Earn Avios

If you don't already have an Iberia Club or British Airways Club balance to draw from, Canadians have a few solid earning paths to choose from.

The most direct option is the RBC® British Airways Visa Infinite^†, the only Canadian credit card that earns Avios directly. It comes with a welcome bonus of 60,000 Avios and category bonuses on British Airways purchases, which makes it a natural fit if you've decided Avios redemptions are part of your strategy.

Beyond that card, the other Canadian earning paths are:

• American Express Membership Rewards to British Airways Club at 1:1. Canadian Amex MR is a direct transfer partner, with occasional transfer bonuses of up to 30%. Cards like the Amex Cobalt and Platinum funnel cleanly into Avios this way
• RBC Avion to British Airways Club at 1:1. RBC's proprietary Avion currency transfers to Avios, and they periodically run transfer bonuses of up to 30% that stretch the math further
• Marriott Bonvoy to Iberia Club or British Airways Club at 3:1. You get a 5,000-point bonus for every 60,000 transferred, which works out to a 60,000 Bonvoy to 25,000 Avios conversion. Slow, but useful if you're sitting on a Bonvoy stash

Once Avios are in any one program (Iberia Club, British Airways Club, Aer Lingus AerClub, Finnair Plus, or Qatar Airways Privilege Club), they can be moved between accounts via the Avios Combine feature, with a few rules and timing windows to navigate. So Amex MR or Avion points moved into your British Airways Club account can be combined over to Iberia Club to use them on this sale.

Conclusion

If you already have an Avios stash and your travel plans intersect with Madrid before September 15, this is an easy yes, particularly if you can land availability on the new Toronto nonstop. A 36,450-Avios one-way business class seat across the Atlantic is hard to argue with.

If you're sitting on RBC Avion or Amex MR points without a specific plan, this is a reason to convert a chunk over and lock in a summer trip while the discount is live. Transfers are instant, and the booking window closes on May 10.

If you don't have Avios and weren't already considering this currency, the sale isn't enough on its own to justify chasing it from scratch. The earning paths take weeks, the August and early September dates will go first, and you're better served by booking your way into Avios for next year's promotions instead.