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Icelandair is offering roundtrip economy flights from cities on the east coast to Reykjavik for as low as $313. The majority of available travel dates span the end of August through December.

Contents

  1. What city pairs are available?
  2. When are the cheap fares?
  3. Mileage Earning
  4. Baggage Allowance
  5. Best Credit Card to Buy the Ticket

Available City Pairs

You’ll find the majority of cheap fares between New York, Newark, Boston, Washington, D.C and Reykjavik, but there are also some slightly more expensive fares between Chicago and Reykjavik.

When are the cheap fares?

The easiest way to see the cheap fares is on Google Flights. Prices start as low as $313 (from Boston, New York, Newark, and Washington, D.C.) and climb to around $368 for the cheapest from Chicago. Available dates for the low price span from the end of August through early December.

I brought up this calendar of roundtrip prices between New York and Reykjavik on Google Flights.

You can’t purchase tickets directly on Google Flights, but after choosing an outbound and return flight you will be given links to follow to buy on the airline’s website (or, in some circumstances, for cheaper through sites like Expedia–just know that you risk worse customer service in the event you need to cancel or make a change when you buy through one of those online travel agencies).

You’ll probably see a few cheaper fares scattered in the results offered by WOW Air. Just beware of significant fees for baggage and factor that into the cost. The Icelandair fares include a checked bag for free.

Mileage Earning

Icelandair isn’t a part of an alliance, but it is partners with Alaska Airlines, which you’re probably best off crediting redeemable miles/elite credits to. The fare class is U, which I found on ITA Matrix.

Flying from New York to Reykjavik roundtrip, for example, you’d earn 1,296 Alaska miles (25% of the distance flown, 5,186 miles). Not much, but I can’t imagine anyone having much of a use for Icelandair points…perhaps if you fly to Iceland often. The same New York to Reykjavik roundtrip would earn 4,200 Icelandair Saga points.

Baggage Allowance

The Icelandair fare is classified as Economy Class Special (read:super discount), but you do still get a free personal item, free carry on, and one free checked bag up to 50 pounds included in the ticket price.

Best Way to Buy the Ticket

You should buy this ticket with the Barclaycard Arrival Plus. The card comes with 50,000 Arrival miles after spending $3,000 on the card in the first three months. Arrival miles can be redeemed for 1 cent each toward any travel expense, so the bonus alone will more than cover this roundtrip to Iceland. Learn How to Redeem Arrival Miles.

With the Arrival Plus, you don’t even have to wait to meet the minimum spending requirement before you spend the miles. Open an Arrival Plus, put whatever cash tickets on the card you want now to help you meet the minimum spending requirement, and then redeem Arrival miles within 120 days to offset the charges.

Don’t have the Arrival Plus card? Put it on whatever card you have travel statement credits for, like the Sapphire Reserve or Citi Prestige. Don’t have any travel statements credits to earn? Check out the Best Credit Card to Buy Airfare if you’re concerned with earning more rewards. Check out our series on the travel protection benefits of popular rewards cards if you’re more concerned with travel insurance.

Credit card links have been removed from posts and added to the menu bar at the top of every page of MileValue under the heading Top Travel Credit Cards

Hat Tip The Flight Deal

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