UBS news

UBS Launches Luxury Credit Card

New York Media Releases Americas WM Americas News

   

New York, May 23, 2017 – UBS today announced that it will launch the UBS Visa Infinite® credit card on May 27, a sleek, new metal credit card designed to meet the luxury lifestyle needs of high and ultra-high-net-worth clients. The card provides an array of premium rewards, travel benefits and credits, including exclusive savings when users fly, stay, cruise or drive, and a rich earnings structure with rewards points that never expire while the card is open. By using the card, clients also have the benefit of concierge-style advice on all of their financial needs – from day-to-day cash management to long-term investment planning –working directly with their UBS Financial Advisor.

"Our clients place an immense value on high-end and high-value services, which are integral to the UBS wealth management experience," said John Mathews, Head of Private Wealth Management and Ultra High Net Worth, UBS Wealth Management Americas. "By putting the UBS Visa Infinite credit card in our clients' hands, we can have a more meaningful impact on our clients' everyday lives and experiences by serving more than their traditional wealth management needs."

Unparalleled client focus is a core UBS principle and translates into a bespoke, best-in-class experience for UBS credit card clients. UBS Visa Infinite credit card clients will have 24/7 access to a U.S.-based Concierge and Client Services Group, as well as Financial Advisors who are able to ensure a smooth card relationship by setting up automatic payments and enrolling clients in fraud, activity, and travel alerts. By having a UBS credit card, the client, together with their Advisor, can make more informed decisions when planning their financial future when both assets and liabilities are in one place.

"The advisor's ability to service and advocate for their clients is just one thing that makes the UBS Visa Infinite credit card exceptional," said Fred Jubitz, Head of UBS Cards. 

“Visa has a long and successful history working with UBS to deliver world-class rewards credit card products serving UBS’s high-net-worth clients,” said TS Anil, Senior Vice President of Global Products at Visa. “The UBS Visa Infinite credit card goes beyond rewards to deliver the total customer experience, including comprehensive protection benefits and access to premium travel and lifestyle benefits.”

 UBS Visa Infinite credit card clients enjoy a wide array of exclusive travel benefits, credits and a rewards program with flexible redemption options, which result in a total combined value that may exceed $4,000 per year. The card features a rich 3-2-1 earning structure – three points per dollar spent for commercial air travel, two points per dollar spent for gas and groceries, and one point per dollar spent for all other eligible purchases. 1

Clients also gain access to a travel-focused concierge service, special amenities, and perks at some of the world's most prestigious hotels and properties. Users can fly on any commercial airline for fewer points than most other rewards programs and with no blackout dates, booking fees, or point expiration.2 New UBS Visa Infinite credit card clients can earn up to 50,000 bonus points by spending $3,000 within the first 3 months of approval.3

The UBS Visa Infinite credit card replaces the current UBS Preferred Visa Signature® credit card with no change in the $495 annual card fee.* Existing UBS Preferred Visa Signature credit card clients will automatically receive the UBS Visa Infinite credit card. A sampling of the credit card's benefits and rewards include:

Exceptional travel benefits—clients have access to a wide array of privileges and savings.

  • At the airport:
    • $500 Any Airport Club statement credit for any airport lounges worldwide upon reaching qualified spending threshold4
    • Unlimited, complimentary access to 1,000+ Priority PassTM Select lounges5
    • $100 Global Entry application fee statement credit, which includes TSA Pre®
  • In the air:
    • $250 airline fee credit7
    • 12 complimentary Gogo in-flight Wi-Fi sessions8
  • On the road:
    • Primary insurance coverage on car rentals
    • Special perks and discounts at Silvercar, National Car Rental and Avis®9
  • At the hotel:
    • Premium set of benefits with the Visa Infinite Luxury Hotel Collection10, VIP amenities at select Ritz-Carlton, Fairmont Hotel and Resorts and Park Hyatt properties and enhanced benefits with Relais & Châteaux.11
  • Other travel benefits:
    • No foreign purchase transaction fees*
    • Trip cancellation and trip interruption insurance, paid emergency medical evacuation and transportation coverage, travel accident insurance, baggage delay coverage trip delay reimbursement, lost luggage reimbursement and roadside assistance.12

Exclusive rewards—UBS Visa Infinite credit card clients earn 3x points on commercial air travel, 2x points on gas and groceries and 1 point on all other eligible purchases. 1

  • Flexible redemption options, including travel, gift cards, merchandise, and charity.
  • One $900 airline ticket for 50,000 points, with no booking fees (savings of 40,000 points compared to other rewards cards)13
  • Personal Choice statement credit: redeem 10,000 points for $100 in statement credit14
  • 50,000 bonus points upon $3,000 in spend in the first 3 months for new clients3

Easy cash management— And, since the UBS credit card can connect to clients' cash management accounts at UBS, they are able to get cash at banks and ATMs worldwide without the usual finance charges or cash advance fees, provided the client has available cash in their UBS account. 15 UBS has offered clients a simpler way to manage their cash and credit by eliminating the need to carry a separate debit card. Additionally, UBS clients can also enjoy unlimited ATM fee rebates in the U.S., up to $10 per transaction.16

Enhanced Client Service—Our 24/7 U.S.-based UBS Concierge is like a personal assistant that can help clients with anything from making dinner reservations and gift suggestions to planning complex travel arrangements near home or far away.17 Moreover, being that it is a UBS card, clients can always rely on their Advisor to service and advocate on their behalf.

Media

 

Tel:

Email:

Pranita Sookai

+1-212-713-3379

pranita.sookai@ubs.com

Erica Chase

+1-212-713-1302

erica.chase@ubs.com

Notes to editors

About UBS Wealth Management Americas

Wealth Management Americas is one of the leading wealth managers in the Americas in terms of financial advisor productivity and invested assets. Its business includes UBS’s domestic U.S. and Canadian wealth management businesses, as well as international business booked in the U.S. It provides a fully integrated set of wealth management solutions designed to address the needs of ultra-high net worth and high net worth clients.

About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.

UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

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