Signing up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.
In addition to its big welcome bonus, there’s one perk that definitely stands out: the $1,000 discount voucher to use towards 2 tickets on the same flight after spending $30,000 on purchases in a calendar year.
Million Mile Secret Agent Shana asked:
“I would like to know more about the restrictions on the Chase Iberia Plus card $1,000 voucher. How does it work?”
That’s an excellent question, Shana!
Let’s dig a little deeper into how this great perk works.
Everything You Need to Know About the Chase Iberia Plus Card’s $1,000 Voucher
Link: Chase Iberia Plus Card
To earn the voucher from the Chase Iberia Plus card, you must make at least $30,000 in purchases within a single CALENDAR YEAR.
This means the purchasing period is from January 1 to December 31 each year. So if you sign up for the card in September or November, you will only have from that time until December 31 of that year to hit the $30,000 purchase requirement.
Every January 1 your spending total resets, and you begin working again towards the purchase requirement. All purchases must clear (not be pending) by December 31 to be eligible towards the total. Chase does NOT count money spent towards annual fees, interest, disputed charges, or cash advances towards this total.
Also, folks are only eligible for 1 voucher per calendar year. So, for example, spending $60,000 in a single calendar year will NOT earn you an additional voucher.
What Restrictions Does the Voucher Have?
There’s always a catch, right? Sure, there are restrictions. But this perk could be incredibly valuable if you can maximize it!
Here are the restrictions on the voucher you can earn with the Chase Iberia Plus card:
- You must purchase 2 seats for the voucher to work
- Both seats must be on the same flight and itinerary
- Both seats must be in the same class (You can NOT buy one First Class seat and then one coach seat)
- The primary cardholder of the Chase Iberia Plus card that earned the voucher must occupy one of the seats purchased with the voucher (Unfortunately this means you can NOT gift this voucher to family, friends, or co-workers)
- Your companion must be the same companion on all legs of the journey, including the return flight
- The voucher never covers taxes or fees, but the taxes and fees can be paid with the Chase Iberia Plus card to earn some extra miles (Even if the cost of both seats comes out to be less than $1,000, the taxes and fees must always be paid separately)
- The voucher only works on flights operated by Iberia (It can NOT be used on flights operated by a franchise, codeshare, or partner airlines)
- The voucher can only be used once and will cover UP TO $1,000. If you use the voucher for tickets when the total is less than $1,000, then the remaining “value” will be forfeited. (You should try to use the full $1,000 or save the voucher for tickets when the value exceeds the $1,000 total so you can get the full value from it)
As you can see, this voucher opens up a tremendous opportunity to get Big Travel with Small Money! Essentially, it’s like a $1,000 off coupon for any 2 tickets on an Iberia flight.
For example, if you find 2 tickets for ~$500 each, then you would be able to fly nearly free using this voucher. Because you’d only pay the taxes and fees for the tickets. The voucher simply deducts $1,000 from the base price (excluding taxes and fees) of the seats.
Additionally, the voucher is valid for any class, making this a great way to get yourself an affordable upgrade to Business or First Class on your next trip!
How Do You Redeem the Voucher?
Once you meet the $30,000 spending requirement it will take 4 to 6 weeks from the end of that billing period to get the voucher.
The voucher will be sent via email from Iberia (NOT from Chase) congratulating you and providing a one-time use code that can be redeemed online.
The voucher expires 12 months after its date of issue. So be sure to use it within a year of receiving it!
Step 1. Search for Your Flights
To redeem the voucher, go to iberia.com/Chase10 and search for the flights you want.
Step 2. Select Your Flights
Once you find the flights you’re looking for, select them and click the “Continue” button on the bottom of the page.
Step 3. Add Your Voucher Code & Checkout
The next page will summarize your flight selection. Just below the summary, you’ll see the title “Save on your trip.” From there, select the “I have a promotional code” tab on the right to reveal the discount code box.
You’ll then see a box where you can enter your discount code. I recommend copying it from the email and pasting it into this box to make sure it is entered correctly.
Click “Check Code,” and your $1,000 discount will be applied.
You can finish your purchase like usual now, saving $1,000 off your trip!
If you have any problems using the code, you need to call Iberia at 1-800-772-4642. Because Chase can’t assist with any issues involving the voucher.
With the new Chase Iberia Plus card you can earn up to 75,000 Iberia Avios points after meeting tiered spending requirements. Plus get other other perks, like a $1,000 voucher to use towards 2 tickets on the same flight after spending $30,000 on purchases in a calendar year.
Just remember, you have 1 full calendar year to meet the spending requirement to earn the voucher. After doing so, you’ll receive the voucher code via email from Iberia. Redeeming the voucher is as simple as entering the code into the discount code field at checkout.
Emily and I don’t earn a commission for this card. But we’ll always let you know about any great way to get Big Travel with Small Money!