Icelandair Premium Mastercard®

Built for casual travelers looking to earn rewards on flight purchases without paying a high annual fee, the Icelandair Premium Mastercard® pairs straightforward point earning with low overhead. It fits best as an accessible card for budget-conscious flyers.

Welcome Offer

10,000 Points

Annual Fee

$39

Rec. Credit Score

Good

Good For

Casual airline spenders

How to Apply Estimate your value

All information about Icelandair Premium Mastercard® has been collected independently by MaxRewards. Icelandair Premium 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 Premium Mastercard® worth it?

This card is great for...

JetBlue flight purchases

Low-fee point earning

Streaming and ride-share savings

At just $39 a year, this card is easy to justify if you want a low-cost way to earn TrueBlue points on flight purchases. The welcome bonus is uniquely effortless to unlock, requiring only $1 in spending, which easily covers the annual fee for your first few years. Partner perks like monthly Lyft credits and streaming discounts also add quick everyday value. The primary downside is the modest baseline earn rate. Earning 2x points on flight bookings and 1x points everywhere else means heavy spenders or frequent travelers can easily out-earn this card using general travel cards with higher multipliers.

MaxRewards Verdict

Ideal for casual flyers seeking low-cost airline points, though modest earn rates cap its value for heavy spenders.

Welcome Offer

10,000 Points

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

Est. Value

$130

Required Spend

Time Frame

1 Month

Est. Value

$130

Required Spend

Time Frame

1 Month

Earning

Rewards

Earning centers on TrueBlue points, offering bonus rewards on airline purchases and a simple flat rate on everyday spending.

CategoryRate

JetBlue

2.6%

Everywhere

1.3%

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

Annual Credits & Perks

Benefits

The card comes with a variety of partner discounts and monthly statement credits that help easily outweigh the low annual fee.

BenefitAnnual value

$20

Enrollment is required for select benefits.

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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.

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