10 Best Credit Cards for Icelandair of October 2026
Top picks for Icelandair from our scoring engine.
Rankings are generated by our algorithm based on earn rates, point valuations, fees, and benefits — not paid placement. We don't accept compensation to rank cards higher. How we rank
Ranked by earn rate and redemption value, statement credits minus annual fees (weighted against a typical $30,000/year in total card spend), shopping portal bonuses when we recognize the merchant, matched benefits and promotional earn boosts, co-brand fit for this brand. The ¢ per dollar column is the reward rate at Icelandair, after spend caps. Order can differ from that column because ranking adds the adjustments above.
Icelandair Mastercard® earns the top spot for Icelandair purchases at 1.0¢ per dollar at icelandair — no annual fee. We ranked every card in our database against Icelandair purchases using the same scoring engine that powers our search. See the note above the list for what drives order versus the ¢ per dollar column. Cards 4–10 are still solid picks; they just trade off some headline earn rate for fewer fees, broader networks, or simpler redemptions.
Icelandair Mastercard®
FNBO
- +Official cobrand card — earns rewards on all purchases
- +1x on icelandair
- +5,000 points bonus (~$35 value)
The Platinum Card from American Express
American Express
- +5x on Flights — points worth 1.5¢ each
- +Est. $1,317/yr in usable credits could cover the $895 fee — actual value depends on use and eligibility
Icelandair Premium Mastercard®
FNBO
- +Official cobrand card — earns rewards on all purchases
- +2x on icelandair
- +10,000 points bonus (~$70 value)
Why Icelandair Mastercard® wins for Icelandair
Icelandair Mastercard® earns 1.0¢ per dollar at Icelandair, the highest marginal rate in our list for this brand. Without an annual fee, the math is simple — every dollar you spend earns immediately. It's the right pick if you want maximum earn rate on this category and don't mind a focused rewards structure.
Compare the Top Picks
Quick Comparison
Side-by-side view of the ranked picks.
| Card | Icelandair Rate | Effective Value | Annual Fee | Est. Fee Offset | Network |
|---|---|---|---|---|---|
| Icelandair Mastercard®FNBO | 1x points | 1.0¢/$ | $0 | — | mastercard |
| The Platinum Card from American ExpressAmerican Express | 5x Membership Rewards | 7.5¢/$ | $895 | $1,317 | amex |
| Icelandair Premium Mastercard®FNBO | 2x points | 2.0¢/$ | $39 | — | mastercard |
| Chase Sapphire ReserveChase | 4x Ultimate Rewards | 7.2¢/$ | $795 | $1,063 | visa |
| Wells Fargo Autograph Journey Visa Credit CardWells Fargo | 4x Wells Fargo Rewards | 5.0¢/$ | $95 | $25 | visa |
| Chase Freedom FlexChase | 5x Ultimate Rewards | 5.4¢/$ | $0 | — | mastercard |
| Citi Strata Premier CardCiti | 3x ThankYou Points | 4.8¢/$ | $95 | $50 | mastercard |
| Bilt Palladium CardCardless | 2x Bilt Rewards | 4.4¢/$ | $495 | $300 | mastercard |
| U.S. Bank Altitude Connect Visa Signature CardU.S. Bank | 4x U.S. Bank Altitude Rewards | 4.0¢/$ | $0 | $12.50 | visa |
| BMO EscapeBMO | 4x points | 4.0¢/$ | $150 | $132.50 | mastercard |
More Options
How to maximize value at Icelandair
- Use Icelandair Mastercard® for Icelandair purchases — it earns 1.0¢ per dollar at Icelandair in our scoring.
- Shopping portals sometimes offer extra rewards at Icelandair; check current portal rates before you buy.
- Pair Icelandair Mastercard® with The Platinum Card from American Express to cover categories where it earns more — diversifying your spend can lift your blended return.
- Plan a major Icelandair purchase around your card's welcome offer window — Icelandair Mastercard®'s sign-up bonus is worth roughly $35 on top of base rewards.
- Pay your statement in full each month — interest charges almost always exceed the rewards you'd earn.
Similar Brands
Other brands in Airlines where the top picks above also earn well.
Frequently asked
- What credit card earns the most at Icelandair?
- Icelandair Mastercard® ranks #1 for Icelandair in our list at 1.0¢ per dollar at Icelandair — no annual fee. Order uses the full scoring key described above the list (earn rate, redemption value, fee/credit balance, portals, and co-brand fit); welcome offers are not part of that default brand ranking.
- Can I stack a shopping portal with my credit card at Icelandair?
- Shopping portals sometimes offer extra rewards at Icelandair; check current portal rates before you buy.
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