Icelandair Mastercard®

The Icelandair Mastercard is a niche, no-annual-fee option designed for occasional transatlantic flyers who want a simple way to earn points without paying a yearly fee. With a very accessible welcome offer and basic reward rates, it serves primarily as a low-risk companion for brand loyalists.

Welcome Offer

5,000 Points

Annual Fee

Rec. Credit Score

Good

Good For

Casual transatlantic travelers

How to Apply Estimate your value

All information about Icelandair Mastercard® has been collected independently by MaxRewards. Icelandair Mastercard® is no longer available through MaxRewards.

Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.

Overview

Is the Icelandair Mastercard® worth it?

This card is great for...

No-fee point earning

Transatlantic flight bookings

Mastercard partner perks

For travelers who frequently fly to Iceland or Europe and want a no-annual-fee card, this product offers an easy entry point with virtually no financial barrier. The fast 5,000-point welcome bonus requires just a single dollar in spending, making it exceptionally easy to unlock initial value right out of the gate. However, the ongoing earn rates are quite weak compared to general cash-back or flexible travel cards. Earning just 0.5x points on everyday purchases means your rewards will accumulate slowly unless you are regularly spending on flights. Most readers will get far more long-term value from a standard 2% cash-back card or a broader travel rewards card, making this card best suited strictly for dedicated brand loyalists.

MaxRewards Verdict

This no-fee card is easiest to justify for its effortless welcome bonus and basic airline perks, but its low daily earn rates limit its value as a primary card.

Welcome Offer

5,000 Points

after you spend $1 on purchases on your new card in your first 1 months of card membership.

Est. Value

$65

Required Spend

Time Frame

1 Month

Est. Value

$65

Required Spend

Time Frame

1 Month

Earning

Rewards

You earn reward points on every purchase, with elevated earnings on direct airline bookings and a lower flat rate on all other spending.

CategoryRate

JetBlue

1.3%

Everywhere

0.7%

Rewards percent based on a valuation of 1.3¢ per TrueBlue point

Annual Credits & Perks

Benefits

As a World Mastercard holder, you gain access to a collection of partner discounts and lifestyle statement credits that add extra value to a card with no annual fee.

BenefitAnnual value

$20

Enrollment is required for select benefits.

Automatically track your credits with MaxRewards

Our app automatically tracks valuable credits so you don't miss any rewards.

Get the app

ResortPass

Autotracked

of $20

Benefits

Status & Access

ShopRunner

Free 2-day shipping and free returns on your favorite brands. Offer ends 9/30/25.

Benefits

Other

MoviePass

Blockbuster savings on the big screen. Get 50% off your first two months of a new Standard or Premium MoviePass plan. Offer expires 1/31/2026.

Booking.com

Save up to 7% on prepaid stays with Booking.com across 28 million accommodation options at booking.com/mastercardUS. Bookings must be prepaid and made through booking.com/mastercardUS. Valid through 9/30/25.

Lyft

Take 3 rides and get a $5 lift credit every month with your Mastercard. Promotion valid through 1/31/26.

Instacart

Groceries and more delivered in as fast as an hour. Get two months of free delivery with Instacart+ and $10 off your second order each month. Offer ends 1/31/2027.

Peacock

Get $3 off Peacock Premium each month when you use your World Mastercard to subscribe. Watch new movies from theaters, buzzworthy original series, hit TV shows, live sports and so much more. Eligibility restrictions, exclusions and terms apply. Offer expires 12/31/2025.

Eligibility

Recommended Minimum Credit

Min: Good

Poor

Fair

Good

Excellent

Good credit or higher is recommended for this card.

Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.

Pricing