Benefits and insurance

Are you thinking about travelling? Do you need to know more about insurance cover? Do you want to relax at the airport? Have a look at what we have to offer.

What benefits suit your needs?

Our cards offer a wide range of benefits. Compare the different benefits and features of our range of credit cards.


When you pay for the things you need, we pay you some of it back. You can use the Fríða app to choose a special offer and then pay with your debit card. The rebate will be paid back into your account on the 18th of every month. Use the Íslandsbanki app to take advantage of everything Fríða has to offer.

Icelandair benefits

Many of our cards collect Icelandair Saga points. You can use them for flights, hotel accommodation, and car rental or on the website.

Car rental insurance

Many of our cards offer car rental insurance.

The card insurance provides cardholders with Liability Insurance and a Loss / Collision Damage Waiver. Mandatory / Statutory Liability Insurance is not included in the card insurance and must be purchased directly from the car rental company.

You can obtain a statement on “Car Rental Insurance Information” in English, from VÍS. The statement includes information on the extent of the cover provided, and details on the insurer. You should keep the statement with you when travelling.

The cardholder must report any damage to the rental car in writing, as soon as possible, after returning home. The cardholder can also call the VÍS Damage Service (+354) 560 5000 if he / she needs assistance in reporting the damage. Íslandsbanki hf. is not responsible for the rejection of any card insurance by any car rental company. Cardholders are advised to check the insurance terms set out by the car rental company before finalising the rental agreement. See more about car rental insurance on the VÍS website (in Icelandic).

Exclus­ive air­port lounges

With Priority Pass, you can access over 1,200 exclusive airport lounges in over 500 cities. Your Priority Pass card must be presented upon entry into any Priority Pass lounge

Dis­count of an­nual fee

Discount terms are based on turnover on the card* for the last 12 months before payment of annual fee.


25% discount

50% discount

100% discount

Standard Credit Card




Gold Credit Card



Platinum kort



Silver Business Card




Gold Business Card



Platinum Business Card



Business Card



Please note that discount of annual fee is not available for the following cards: Classic Icelandair, Platinum Icelandair and Premium Icelandair.

For further information please contact us here or by phone at 440-4000

*com­mon turnover on primary and sec­ond­ary cards. But turnover for each individual business card.