Applying for the new Iberia Visa Signature® Card gets you a nice welcome bonus: Earn up to 100,000 bonus Avios. Earn 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months of account opening. Plus earn an additional 50,000 bonus Avios after you spend $20,000 on your purchases within your first year of account opening.
Many U.S. households spend over $20,000 annually, so pocketing this nice 100,000 Avios package might not be an arduous task even if you don’t use the card for all expenditures (but it’s a good idea to track your credit card use to make sure you don’t miss out on this bonus).
This hefty two-part bonus might be your main motivation to apply for the card and pay the $95 annual fee. But keeping the card year after year makes sense only if you value its ongoing benefits.