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Between the tapas, the late-night plazas, and the freaking sangria, Madrid is a spot that should be on everyoneâs list (in my humble opinion).
And right now, you can fly from Miami (MIA), along with several other U.S. airports, to Madrid (MAD) on Iberia for as few as 8,000 points one-way. Even if you stretch up to 12,500 points for some of those later dates, this is still looking at an incredible deal.
These flights are operated on Iberiaâs Airbus A350, which is an added bonus. Cash prices for this same route can be around $500 one-way, which means your points are pulling over five cents per point. Thatâs epic for an economy redemption, friends.
Travel Details
Airline: Iberia
Route: Miami (MIA) to Madrid (MAD) with availability from Los Angeles (LAX), New York (JFK), Chicago (ORD), Washington, D.C. (IAD), San Juan (SJU), Orlando (MCO), Dallas (DFW), and Boston (BOS)
Seat Class: Economy
Points Price: 8k to 12.5k one-way
Cash Value: Up to $500
Availability: October to December 2025
Award space is popping up across multiple dates this fall, giving you plenty of wiggle room for your trip.
Why This Deal Is Amazing
Flying to Europe for just 8,000 points is really great, yâall. To put it in perspective, most flights across the Atlantic can run upwards of 30,000+ miles one-way in economy, and thatâs on a good day.
Even if you value points conservatively at 1 to 1.5 cents each, youâre getting hundreds of dollars in value from a single-digit points transfer. Thatâs a return that beats almost any credit card bonus category or portal redemption out there.
And, this route opens the door to Spainâs capital, along with other great cities in Europe. You could book this flight, save the rest of your points for hotels or onward travel within Europe, and still come out way ahead.
Where to Stay in Madrid
Luxury Stay: Mandarin Oriental Ritz, Madrid
Cash: Starting around $1,200 per night
Points: Redeem via Amex Fine Hotels + Resorts for perks like daily breakfast and property credits
Mid-Range Stay: AC Hotel by Marriott Madrid Feria
Cash: Starting around $120 per night
Points: From 22,000 Marriott Bonvoy points per night
Budget Stay: Holiday Inn Madrid â Las Tablas
Cash: Starting around $110 per night
Points: From 22,000 IHG One Rewards points per night
đ Heads Up: Prices vary by season, so always double-check before booking.
How to Book
Iberia Plus: 8k to 12.5k Avios one-way plus taxes. This is the sweet spot.
Other Airports: Similar pricing is showing from New York, Chicago, Boston, D.C., and more, starting as low as 6.4k points. View this deal and more on Daily Drop Pro, where youâll get unlimited searches and alerts for flights like this one without having to dig through endless airline sites.
Cash Option: Iberia often sells this route for $450 to $500 round-trip in economy.
Transfer partners make this even easier â Chase and Amex both transfer directly to Iberia Avios.
Maximize Your Booking
Make the most of your rewards by using a card that earns bonus points on flights, like:
Chase Sapphire PreferredÂŽ Card â Earn 2x points on all travel purchases
Capital One Venture X Rewards Credit Card â Earn 5x miles on flights through Capital Oneâs travel booking site
American ExpressÂŽ Gold Card â Earn 3x points on flights booked directly with the airline or via American Express TravelÂŽ
Chase Sapphire ReserveÂŽ â Earn 4x points on flights booked direct
American Express Platinum CardÂŽ â Earn 5x points on flights booked directly with the airline or through American Express TravelÂŽ (up to $500,000 per calendar year, then 1x)
Pro Tip
Transatlantic flights for 8,000 points are pretty rare, and Madrid is the perfect launching pad for Spain (and the rest of Europe). Availability wonât last long, and Iberiaâs change fee is pretty low, making this a low-risk redemption to lock in now.