Quick hint for anyone looking to use frequent flyer miles to get to Iceland: Sure, you have a couple of more weeks to use up those Skymiles for Delta’s certain-to-be canceled summer-only service from JFK to Keflavik. But if you want to go any other time of the year, you’re stuck with Iceland Express (no frequent flyer program) or Icelandair.
Although Icelandair has their own frequent flyer program (Saga Club) and limited partnerships, one of those partners is Alaska Airlines. You can use 50,000 Mileage Plan points for a roundtrip coach ticket to Iceland on Icelandair (coach tickets to Europe are only 55,000 miles. Business Class tickets are 75k and 80k for Iceland and Europe, respectively, though their business class is akin to what you’d find on a domestic flight up front.)
If you don’t have Mileage Plan points, they’re a transfer partner of Starwood Preferred Guest (yet another reason to get the American Express Starwood credit card), so you’ll get the 5,000 mile bonus for every 20,000 points transferred, allowing you a ticket to Iceland for only 40,000 SPG points. Not too shabby.
Now, Icelandair’s winter and spring fares are not that expensive, so this may not be the best use of those 40k SPG points, but who am I to tell you that you should lay out cash instead of using those points you’ve acquired? It’s also a nice backup to Europe if your larger airlines aren’t showing availability.