Sea ice monitoring and classification is one of the main applications of Synthetic Aperture Radar (SAR) remote sensing. C-band SAR imagery is regarded as an optimal choice for sea ice applications; however, other SAR frequencies has not been extensively assessed. In this study, we evaluate the potential of fully polarimetric L-band SAR imagery for monitoring and classifying sea ice during dry winter conditions compared to fully polarimetric C-band SAR. Twelve polarimetric SAR parameters are derived using sets of C- and L-band SAR imagery and the capabilities of the derived parameters for the discrimination between First Year Ice (FYI) and Old Ice (OI), which is considered to be a mixture of Second Year Ice (SYI) and Multiyear Ice (MYI), are investigated. Feature vectors of effective C- and L-band polarimetric parameters are extracted and used for sea ice classification. Results indicate that C-band SAR provides high classification accuracy (98.99%) of FYI and OI in comparison to the obtained accuracy using L-band SAR (82.17% and 81.85%), as expected. However, L-band SAR was found to classify only the MYI floes as OI, while merging both FYI and SYI into one separate class. This comes in contrary to C-band SAR, which classifies as OI both MYI and SYI. This indicates a new potential for discriminating SYI from MYI by combining C- and L-band SAR in dry ice winter conditions.