Icelandair Premium Mastercard®

This card is built for JetBlue flyers who want a low-fee way to earn points on their airfare and keep a travel card in the wallet without stepping up to a premium annual fee. It works better as a specialist airline card than as an everyday spending card, since most purchases only earn 1x points.

Welcome Offer

10,000 Points

Annual Fee

$39

Rec. Credit Score

Good

Good For

Occasional JetBlue flyers

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 ticket purchases

Low-fee airline rewards

Simple travel card setup

The Icelandair Premium Mastercard is worth a look if you fly JetBlue often enough to value extra points on tickets and want a modest annual fee. The welcome bonus is easy to earn, and 2x points on JetBlue purchases gives it a clear purpose for airfare spending.

For most other spending, though, this card is limited. Earning 1x points everywhere else is not very competitive, and the included Mastercard offers are more occasional discounts than strong fee-offsetting benefits. If JetBlue is your main airline and you want a straightforward card to use when booking flights, the $39 annual fee is reasonable. If you want a card to carry every day or one with stronger travel perks, you will likely get more value elsewhere.

MaxRewards Verdict

A sensible fit for JetBlue loyalists who want a low-cost airline card for booking flights and collecting points. Outside of JetBlue purchases, its rewards and perks are thin, so it is hard to justify as a primary card.

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

$120

Required Spend

Time Frame

1 Month

Est. Value

$120

Required Spend

Time Frame

1 Month

Earning

Rewards

This card earns JetBlue points, with its strongest return on JetBlue purchases and a basic 1x rate everywhere else. Think of it as a targeted airline rewards card, not a broad card for daily spending.

CategoryRate

JetBlue

2.4%

Everywhere

1.2%

Rewards percent based on a valuation of 1.2¢ per TrueBlue point

Annual Credits & Perks

Benefits

The benefits here are mostly Mastercard partner offers and limited-time discounts rather than premium travel perks. They can add a little extra value if you already use them, but they are not the main reason to choose the card.

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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