Our Loyalty Services 

Can we offer you higher interest rates on your savings, a reduced credit card fee, exclusive Fríða offers, loyalty terms on insurance, or better Tracker mortgage rates? Join our app-based Loyalty Services to enjoy more benefits. 

The way our Loyalty Services work 

  • We want you to get more by keeping all your finances in one place. In our Loyalty Services, you earn points for products and services. The more points you earn, the higher your status and the more benefits you unlock. 
  • Our Loyalty Services are available in the Íslandsbanki app. Open the app and follow the simple instructions to join – it doesn't take long. 
  • The App provides a clear overview of your finances, your loyalty benefits, and how you earn points. 
More about the app

Loyalty Services

Reach your top

The steps in our Loyalty Services are named after Icelandic mountains: Klettur, Fjall, Drangi, Jökull, and Tindur. The journey through this range is both enjoyable and rewarding. See the benefits awaiting you at each mountain and the points needed to reach your top. 

How do you earn points? 

Card history  

  • 1-10 points for card transaction history 

25-point products 

  • Mortgage 
  • Business owner / Business owners 
  • VÍS home insurance 

Savings 

  • Over ISK 5 million – 5 points 
  • Over ISK 10 million – 10 points 
  • Over ISK 25 million – 25 points  

Card spending 

  • Over ISK 250,000 – 10 points 
  • Over ISK 500,000 – 15 points 

10-point products 

  • Car loan 
  • Active private pension 

5-point products 

  • Regular savings 
  • Funds subscription 

Loyalty Savings  

Loyalty Savings is a new savings option. Enjoy the best rates available on a flexible savings account by joining Íslandsbanki’s Loyalty Services. Your funds are always accessible. 

  • Flexible savings account  
  • Interest is paid monthly   

Your rates depend on your Loyalty Services status. The higher you go, the better the rates you receive. 

Read more

Loyalty Services and VÍS 

If you have VÍS home insurance, you earn 25 points in Íslandsbanki’s Loyalty Services, which could help you reach the next top. You keep your Diamond loyalty terms on VÍS insurance as long as you have an active debit or credit card and maintain your VÍS home insurance. 

    More about the partnership 

    Tracker mortgages with discounted rates  

    Enjoy a 0.10% reduction on Tracker mortgage rates by joining our Loyalty Services. The discount is valid for 1 year and is available regardless of your Loyalty Services status, provided you have accepted the Terms and Conditions and have an active card.   

      Join now for a chance to win 

      If you join our Loyalty Services before 20 April, you could win a prize from Laugarás Lagoon, Hótel Kerlingarfjöll, 66° Norður, Everest, or Hótel Búðir. 

      Questions and Answers