As of Oct 01, 2015, transfer ratio to Iberia Plus/Executive Club has been 250:200 (Membership rewards to Iberia Plus). With this transfer bonus, you can get 1:1.2 transfer ratio and you have to transfer in the increments of 250.
While you could certainly redeem Avios through the Iberia Plus account, there is an option to transfer the Avios in Iberia Plus account to British Airways Executive Club if your
- Iberia Plus account and Executive club accounts are at least 90 days old.
- There is some activity in both the accounts (transferring points would also count)
If you do not have the Iberia Plus account, you could set up the account now and transfer Membership Rewards to Iberia Plus account and then transfer to British Airways Executive club after 90 days. (provided your Executive club account has some activity)
Through Dec 15, 2016; you can get 50% transfer bonus when you transfer Amex Membership Rewards to Iberia Plus.
Transferring to Iberia Plus during this promotion, is a great way to get more than 1 Avios for every membership reward points. You need to transfer in increments of 250 Membership Rewards.
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