Iberia Visa Signature

The pull here is the 75,000 mile signup bonus after $5,000 in three months, paired with a $95 annual fee and no foreign transaction fees, which is a reasonable trade if Iberia, British Airways, or Aer Lingus are already in your travel rotation. Beyond the bonus the earn chart is narrow: 3x applies only to flights on those three airlines, 2x to hotels booked directly, and everything else sits at 1x, so this is not a card for everyday spending. The companion voucher worth up to $1,000 reads like the headline perk, but it takes $30,000 of purchases in a calendar year to unlock, which is a lot of 1x spending to push through. Baggage delay and lost luggage coverage, plus 10% off Iberia flights booked through the cardmember site, round things out. Earn the bonus, put it toward transatlantic awards, and reassess each year whether the $95 still earns its place.