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Per View from the Wing, you can score some cheap 20,000 business class awards to/from Madrid to Chicago on Iberia for flights booked now through November 15th for travel from December 1st through January 31, 2015 through Iberia’s 50% off redemption sale.
Remember, Iberia is a 1:1 transfer partner of American Express Membership Rewards so if you have points from cards that earn these points such as the American Express Platinum Card you can transfer them over to Iberia to book these cheap flights.
Even if you don’t want to just go to Madrid, you could use this as a stopping off point and then book intra Europe flights using Avios, or on low-cost carriers such as RyanAir or EasyJet.
For the more on this deal, head over to Gary’s site!