Iberia Visa Signature

The Iberia Visa Signature earns Avios for a $95 annual fee, and its 75,000-mile welcome bonus after $5,000 in spending over three months is the main reason to open it. It earns 3 points per dollar on Iberia, British Airways, and Aer Lingus flights and 2 per dollar on hotels booked directly, with no foreign transaction fee, so it fits travelers who already fly those carriers. The catch is that everyday earning is weak: everything outside those categories gets just 1 point per dollar, so it won't do much as your main spending card. The best long-term perk is the companion voucher worth up to $1,000 for two tickets on the same Iberia flight, but you only get it after $30,000 in spending in a calendar year. The 2,500 anniversary Avios, 10% off Iberia flights booked through the cardmember site, and baggage delay and lost luggage coverage are useful extras, but on their own they don't make up for the fee if you rarely fly Iberia.