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
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version on businesswire.com: http://www.businesswire.com/news/home/20170523005389/en/
MediaUBSPranita Sookai,
+1-212-713-3379pranita.sookai@ubs.comorErica Chase,
+1-212-713-1302erica.chase@ubs.com
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