UBS is to launch the UBS Visa Infinite credit card on 27 May, a metal credit card designed to meet the luxury lifestyle needs of high and ultra-high-net-worth clients.
The card provides 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 adviser.
“Our clients place an immense value on high-end and high-value services, which are integral to the UBS wealth management experience,” says 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.”
UBS Visa Infinite credit card clients will have 24/7 access to a US-based concierge and client services group, as well as financial advisers 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 adviser, can make more informed decisions when planning their financial future when both assets and liabilities are in one place.
“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,” says 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 programme with flexible redemption options, which result in a total combined value that may exceed USD4,000 per year. The card features a 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.
The UBS Visa Infinite credit card replaces the current UBS Preferred Visa Signature credit card with no change in the USD495 annual card fee. Existing UBS Preferred Visa Signature credit card clients will automatically receive the UBS Visa Infinite credit card.