UBS Launches Luxury Credit Card
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.
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).
1Extra points are based on merchant category code. Groceries not bought at stand-alone grocery stores (such as
purchases within a larger retail store) may not qualify. Air travel through online sites other than the airlines’ own sites may not
qualify.
2If you voluntarily close your card or UBS Bank USA closes your card due to inactivity, you will be allowed 60 days
following the effective date of termination of the UBS Account or Cards to redeem outstanding points for gift cards or merchandise.
In the event UBS Bank USA closes your Card for any reason other than inactivity, your points will be immediately forfeited.
3To receive 50,000/25,000 bonus points, you must make $3,000 in eligible purchases within the first three months from
card account approval. Your period to spend the total $3,000 may be shorter than 3 months if there is a delay in receiving your
card. Also, purchases may fall outside the 3 month period in some cases, such as a delay in merchants submitting transactions to us
or if the purchase date differs from the date you made the transaction. (For example, if you buy goods online, the purchase date
may be the date the goods are shipped.) Qualifying purchases do NOT include fees or interest charges, balance transfers, cash
advances, or using any checks that access your account. This one-time bonus offer is valid only for first-time cardholders with new
accounts and only one bonus is available per card account, regardless of the number of cardholders on that card account. Existing
cardholders are not eligible for this bonus offer. Must apply by December 31, 2017. This offer is valid only with your first UBS
credit card application after receiving this offer and it cannot be combined with any other promotions, including existing offers.
If you receive and apply for this offer but do not satisfy the requirements, you will not receive any new account bonus. All
applications subject to credit approval. Points will be credited to your account after your spend reaches $3,000 in posted
transactions within the above three-month period. Points can be redeemed at any time after they have been earned, as long as your
card account stays open and in good standing.
4Airport club day pass or annual airport club membership must be purchased using your UBS Visa Infinite credit card.
You are eligible for a statement credit of up to $500 if your total spending on your card was $50,000 or greater during either the
current calendar year-to-date or the prior calendar year. You may claim the credit only once for each year in which you qualify for
a credit. If you do not claim the credit in a year, it will not carry over into subsequent years. You must claim the credit during
the same calendar year in which the fee posted to your card account.
5The Priority Pass Select offers access to over 1,000 participating airport lounges worldwide. Membership is required
to access participating lounges. To request your complimentary membership card, visit ubs.com/prioritypassselect.
6UBS Visa Infinite credit cardholders are entitled to one $100 statement credit per card every four years in
connection with the Global Entry program application fee. The $100 statement credit will be processed after the application fee is
charged to a valid UBS Visa Infinite credit card. Global Entry is a U.S. Government program, operated by U.S. Customs and Border
Protection (CBP). UBS and Visa have no control over the program including, but not limited to, application, approval process or
enrollment fees charged by CBP, and no liability with regard to the Global Entry program.
7You must enroll in this benefit on UBS Online Services and select one of the eligible domestic U.S. carriers. The
selected airline applies to all cards in the card account. Qualifying Airline Purchases must be charged to a UBS Visa Infinite
credit card and may vary by airline. UBS and Visa rely on airlines to submit the correct information for these transactions. UBS
Visa Infinite credit cardholders without a UBS Resource Management Account (RMA) or Business Services Account BSA can enroll in
this benefit by calling us at 888-762-1232 or call collect 201-352-5257 when outside the U.S.
8Enrollment is required at visa.gogoair.com/UBS prior to flying; registration is not available in flight. Eligibility is determined by UBS;
your 12 complimentary Inflight Wi-Fi Passes will be available to you at no additional cost after you complete the online
enrollment. Passes are valid for 12 months from the date you register your card for this benefit. Any unused Passes at the end of
the 12 month period will expire. Each Pass provides for complimentary inflight Wi-Fi Internet access for one device at a time on
one flight segment on any participating Gogo-equipped aircraft between airports within the U.S. and Canada where network coverage
is available. Participating airlines are listed at ubs.com/mycardbenefits and are subject to change at any time without notice. The
use of the passes is subject to Gogo’s Terms of Use and Privacy Policy. This benefit is non-transferable. Visa and UBS reserve the
right to modify or cancel this benefit at any time and without notice. Additional restrictions apply. Full program terms and
conditions are available at visa.gogoair.com/UBS. UBS Visa Infinite credit cardholders without a UBS Resource Management Account (RMA) or
Business Services Account BSA can enroll in this benefit by calling us at 888-762-1232 or call collect 201-352-5257 when outside
the U.S.
9The Car Rental Privileges benefits are subject to each car rental company’s terms and conditions, which are subject
to change.
10Certain restrictions and limitations may apply. Additional benefits and availability vary by hotel property. For
additional details, please visit: visainfinitehotels.com
11Certain restrictions and limitations may apply. For additional details, please visit ubs.com/mycardbenefits.
12Benefits are subject to change and cancellation at any time. Certain conditions, limitations and exclusions apply.
For more information on benefits, see ubs.com/visainfinite.
13Redeem 25,000/50,000 rewards points for one ticket up to $350/$900 on any commercial airline. Tickets must be
booked through UBS and charged to your UBS Visa Infinite credit card. Once your purchase is complete, applicable rewards points per
ticket will be deducted from your account and a credit posted to your credit card account for the ticket price. For tickets costing
more than $350 or $900, you must pay the difference using additional rewards points at a rate of 5,000 points for any additional
cost of up to $50 of ticket value. Additional payments may be made only in increments of 5,000 points. You must cover the full cost
of ticket with rewards points. As of May 2017, American Express cardholders with a Platinum Card® must redeem
35,000/90,000 Membership Rewards® points for one ticket costing up to $350/$900. Please refer to the program and
benefits guide that comes with your card for complete rules on redeeming your points. Restrictions apply.
14The item or items you purchase must add up to $100 or more before redeeming.
15There must be sufficient funds to repay the cash advance that night or you will incur applicable cash advance fees
and interest charges. The automatic transfers used to pay off your CashConnect cash advances will reduce the available funds
in your UBS account and as a result could affect other transactions dependent on cash, such as fee payment, investment purchases,
online bill pay, debit card usage and outstanding checks. Please make sure that you have sufficient available funds in your UBS
account to cover these items, as well as the CashConnect cash advance. Feature available only for cardholders with an RMA or
Business Services Account BSA.
16We are able to rebate ATM fees only in cases where the transaction fee surcharge is identified and submitted to UBS
by the ATM operator and/or network used. In the event that you do not receive a rebate for a fee that you believe is eligible,
please call 800-762-1000 or collect at 201-352-5257 for assistance.
17Cardholders are responsible for the cost of any goods or services purchased through the UBS Concierge.
*Important information about the UBS Visa Infinite credit card: 15.99% variable APR for purchases, 22.99% variable APR
for cash advances, 29.99% variable APR for the penalty rate (maximum penalty APR 29.99%). For balance transfers, 0% intro APR for
the first 12 billing cycles for balance transfers within 90 days of account opening; after that, 15.99% variable APR. APRs vary
with the market based on the prime rate. Annual fee: $495. For balance transfers, a fee of $10 or 3% of the amount of the transfer,
whichever is greater, applies. For cash advances, a fee of $10 or 3% of the amount of the cash advance, whichever is greater,
applies. For residents of Iowa and Puerto Rico only, the balance transfer fee and cash advance fee are equal to $2 or 2% of the
amount of the transfer or advance, whichever is greater (maximum fee is $10). Foreign purchase transaction fee: None. Subject to
credit approval. Information is accurate as of May 27, 2017, and may have changed after that date. To learn what may have changed,
please call 888-762-1232.
VISA, VISA SIGNATURE and VISA INFINITE are registered trademarks owned by Visa International Service Association and used under
license. UBS Preferred Visa Signature and UBS Visa Infinite credit cards are issued by UBS Bank USA with permission from Visa
U.S.A. Inc. All other trademarks, registered trademarks, service marks and registered service marks are of their respective
companies.
All references to the Resource Management Account also apply to the Business Services Account BSA. The RMA and Business Services
Account BSA are brokerage accounts. Resource Management Account, RMA and Business Services Account BSA are registered service marks
of UBS Financial Services Inc.
The phone number for UBS Bank USA is 1-800-762-1000. New York residents may contact the New York state department of financial
services by telephone or visit its website for free information on comparative credit card rates, fees and grace periods at
1-800-342-3736 or www.dfs.ny.gov.
UBS.com/sii
ubs.com/media
Follow us on Twitter: @UBS
Media
UBS
Pranita Sookai, +1-212-713-3379
pranita.sookai@ubs.com
or
Erica Chase, +1-212-713-1302
erica.chase@ubs.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170523005389/en/