Young adults – aged 23 and younger

Rewards Requirements
  • Free Blue Card
    - Plus more rewards that come with the card
  • No annual fee on debit card
  • No transaction fee for debit card
  • Einkaklúbburinn
  • You must be aged 23, or younger

If you are 23 years old or younger, you belong to this level – however, if you meet additional requirements, you'll level up. Your birthday is the reference point, so on the day you turn 24, the benefits mentioned above no longer apply.

Level 1

Rewards Services*
  • Discounted annual credit card fee
    - 10% refund on yearly credit card fee
  • Free debit card transactions
    - 100 free transactions a year
  • 5% refund
    - On insurance at Vörður if you have a Home Protection Policy
  • 25% discount on share transactions 
    - When using the Arion app or online banking
  • 25% discounts on front load in Stefnir funds
  • Einkaklúbburinn
  • Active turnover
  • Active payment card
  • A mortgage from Arion Bank
  • Active supplementary savings from Arion Bank
  • Home Protection Policy with Vörður
  • Active subscription to Stefnir funds

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

*You need to have at least 2 of these 6 services.

Level 2

Rewards Services*
  • Discounted annual credit card fee
    - 15% refund on annual credit card fee
  • Free debit card transactions
    - 200 free transactions a year
  • 5% refund
    - On insurance at Vörður if you have Home Protection Policy
  • 25% discount on share transactions  
    - When using the Arion app or online banking
  • 25% discounts on front load in Stefnir funds
  • Einkaklúbburinn
  • Active turnover
  • Active payment card
  • A mortgage from Arion Bank
  • Active supplementary savings from Arion Bank
  • Home Protection Policy with Vörður
  • Active subscription to Stefnir funds

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

*You need to have at least 4 of these 6 services.

Level 3

In order to be eligible for level 3 you need to have a financial position* of more ISK 10 million or have a company which is a corporate customer of ours, plus have three active services. 

Rewards Services
  • Discounted annual credit card fee
    - 20% refund on annual credit card fee
  • Free debit card transactions
    - No transaction fees
  • Higher interest on savings
    - 0,10% higher interest on selected accounts**
  • 6% refund
    - On insurance at Vörður if you have Home Protection Policy
  • 25% discount on share transactions 
    - When using the Arion app or online banking
  • 25% discounts on front load in Stefnir funds
  • Einkaklúbburinn
  • Active turnover
  • Active payment card
  • A mortgage from Arion Bank
  • Active supplementary savings from Arion Bank
  • Home Protection Policy with Vörður
  • Active subscription to Stefnir funds

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

*Financial position refers to the status of accounts, supplementary pension savings, and your custody portfolio. Please note that account balances must have met the required threshold consistently over the past two months.
**Vöxtur 30 dagar, Vöxtur óbundinn and Vöxtur verðtryggður.

Premía

In order to be eligible for Premía membership you need to have a financial position* of more than ISK 40 million, plus have three active services. 

Rewards Services
  • Discounted annual credit card fee
    - 25% refund on annual credit card fee
  • Free debit card transactions
    - No transaction fees for debit card
  • Higher interest on debit cards
    - 3,05% higher interest
  • Higher interest on savings
    - 0,20% higher interest on selected accounts**
  • Better overdraft
    - 2% lower overdraft interest on debit card account
  • Discount on share transaction
    - 50% discount on trading fees
  • Higher credit limits
    - Higher self-service limit in app (ISK 5 million)
  • Priority in Call Centre
    - You go to the head of the queue
  • Access to asset allocation funds
    - Access to Stefnir’s special funds
  • Discounts on Stefnir’s funds
    - 50% discount on front load in Stefnir funds
  • 7% refund
    - On insurance at Vörður if you have Home Protection Policy
  • Premía rates
    - On insurance from Vörður
  • Einkaklúbburinn
  • Active turnover
  • Active payment card
  • A mortgage from Arion Bank
  • Active supplementary savings from Arion Bank
  • Home Protection Policy with Vörður
  • Active subscription to Stefnir funds

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

*Financial position refers to the status of accounts, supplementary pension savings, and your custody portfolio. Please note that account balances must have met the required threshold consistently over the past two months.
**Vöxtur 30 dagar, Vöxtur óbundinn and Vöxtur verðtryggður.