Chase is currently running a 30% transfer bonus to three different Avios programs: British Airways, Aer Lingus, and Iberia.
Because of this, flights from the US to Madrid with Iberia have never been easier!
You can find these flights for as little as 16,000 Avios in economy or 40,500 Avios in business class during off-peak season from Boston (BOS), New York (JFK) and Washington DC (IAD):
That’s only 13,000 Chase UR Points transferred or 32,000 Chase UR Points transferred when factoring in a 30% bonus!
But even better...
Taxes and fees are less than $100 in economy and just under $125 for business class.
Other flight deals for slightly higher Avios prices include major airports like Chicago (ORD), Miami (MIA), San Francisco (SFO), and Los Angeles (LAX).
The 2027 off peak-pricing calendar for Iberia has not been released yet, but we can use their 2026 calendar as a guide for their lowest Avios prices in white on the calendar below:
So the way that we like to look at this is that 32,000 Chase UR Points could get you $320 of value when redeemed for cash back...
OR you can redeem those same 32,000 UR Points (and pay $123 in taxes and fees) for a $5,000+ flight across the Atlantic in business class!