Standard Credit Card with Insurance
A cost-effective credit card option with all the right perks and basic insurance coverage.
Annual fee
ISK 7,200
Annual fee for secondary card
ISK 4,300
Travel insurance
Basic travel insurance
Special offers
Fríða
Why choose a Standard Credit Card?
Ideal first credit card
Cheap and easy
Traditional or prepaid
Special offers from Fríða
The ATM withdrawal limit is ISK 50,000. Per day/limit per card period is the withdrawal authorisation on the card
Secondary cards
With a secondary card, you pay a lower annual fee but receive the same benefits.
The primary and secondary cardholders can combine their card turnovers to qualify for the annual discount. Managing a primary and secondary card is easier because only the primary cardholder receives the bill.
Apply for a secondary card (in Icelandic)
Before you apply
- Applicants asking for credit card must be 18 years or older.
- Children between the ages of 13 and 17 can apply for a secondary card on the prepaid credit card of a guardian.
- A credit assessment is carried out when you apply and gives access to the defaulters list, Creditinfo and other databases.
- Card plastic can take up to 3 weeks to arrive home. Card information is available in the Íslandsbanki app, so you can shop with a smart device while waiting for your card to be processed.
Discount of annual fee
Discount terms are determined by the turnover on the card* during the preceding 12 months before the annual fee is paid.
25% discount | 50% discount | 100% discount |
ISK 550,000 | ISK 1,100,000 | ISK 1,700,000 |
*common turnover on primary and secondary cards
Basic travel insurance
The Standard Credit Card has basic travel insurance cover. The insurance company VÍS is responsible for all Íslandsbanki credit card travel insurance. Please go to the VÍS website for more information (in Icelandic).