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UBS launches new Basic credit card

Zurich / Basel | | Media Releases Switzerland

Starting today, UBS will be offering the new UBS Basic Credit Card. This new card is designed to complement UBS's current credit card offering and broaden its product range for private clients.

UBS is today launching the UBS Basic Credit Card. It complements the current offering of UBS MasterCard Platinum, Gold and Standard, and UBS VISA Gold and Classic. With this product launch, UBS is rounding out its current credit card offering and responding to the increased acceptance of credit cards by major retailers since this summer. The target groups of the new UBS Basic Credit Card are private clients who are looking for a simple and economical credit card solution, who use their card almost exclusively in Switzerland, and who do not require additional services, comfort and prestige from their credit card.

The UBS Basic Credit Card is being issued as UBS VISA Card Basic and UBS MasterCard Basic and costs CHF 40 per year (offered free of charge in the first year); with 24 or more transactions per year the card is also free of charge the following year. The card's additional services include: 24h customer service, discounts on car hire and access to credit card data through UBS Cards Online. There is also the option of ordering the card with a photo. Membership in UBS KeyClub is not possible with the Basic card. A 2% processing fee is charged for foreign transactions.

Contact

UBS Media Relations Zurich

Phone +41-44-234 85 00

UBS Credit Card Basic

Fees

VISA Card Basic
MasterCard Basic

Main card in the first year
- thereafter

free of charge
CHF 40, or free of charge if used for at least 24 transactions per year

Partner card in the first year
- thereafter

free of charge
CHF 20, or free of charge if used for at least 24 transactions per year

Replacement cards

CHF 20

Cash withdrawals from an ATM at home/abroad

3% commission, min. CHF 5 per withdrawal

Exchange rate conversion for transactions in foreign currencies

UBS "sell" exchange rate plus processing surcharge of 2%

Interest rate for payment in installments (credit option)

annual interest rate of 15%

Payment reminder
(in the event of late payment)

CHF 20

Card limit

Monthly limit

standard limit of CHF 4000

Services

Bonus system
- main card

- partner card


free of charge in subsequent year if used for 24 transactions per year
free of charge in subsequent year if used for 24 transactions per year

Payment options

paying-in slip with payment in installments option or direct debit (LSV+)

UBS Cards Online (optional)

free of charge

Car rental via Europcar -
discount on standard rate


up to 10%

24-hour customer service

free of charge

UBS Travel Insurance Plus (optional)

CHF 72 per year

Photo on back of card (optional)

CHF 20 (one-off charge, per card)

As of October 2006; UBS reserves the right to alter its prices and services at any time.

These changes will then be communicated to the client in the appropriate manner.