A Look at the New “Premium” UBS Visa Infinite Card
It is no secret that Premium Credit Cards have been all the rage lately following the success of the Chase Sapphire Reserve. Numerous institutions have recently been announcing their own premium cards in order to try to compete. UBS, Switzerland’s largest bank with many branches in the US, is the latest with their announcement of their UBS Visa Infinite Card.
Lets take a look at the basics:
- 50,000 Signup Bonus after spending $3,000
- $495 Annual Fee
- No foreign purchase transaction fee
- Priority Pass Select membership
- Up to $500 credit for Airport Clubs
- $250 credit for any qualifying air travel expenses
- Complimentary Gogo Wi-Fi on 12 flight segments per year
- $100 application fee statement credit for Global Entry
- Up to a $700 service credit at Villas of Distinction properties
- VIP amenities at select Ritz-Carlton properties, Fairmont and Park Hyatt properties
- Primary collision and theft insurance coverage on rental cars
- Travel accident insurance, emergency medical evacuation coverage and lost luggage
- Reimbursements for delayed or cancelled trips
The points are good for their My Choice Rewards which:
- earns 3x points for commercial air travel, 2x points for gas and groceries, and 1 point for all other eligible purchases
- Redeemable for travel, gift cards, merchandise, annual fee
- Redeemed through UBS rewards team or website
- A $900 flight equals around 50,000 points
- No blackout dates when redeeming for flights, cruises, and hotels
- Points don’t expire
- Includes 24/7 access to UBS Concierge
- Unlimited ATM fee rebates in the U.S.
Honestly there is not much value in this card that you wouldn’t find in other existing premium cards. Cards like the Chase Sapphire Reserve and the Citi Prestige give better point values and have better benefits overall. The only advantage really over them is the $500 lounge credit; however, you have to spend $50,000 to earn that credit.
The airline credit is not as flexible as it could be since you can only use it on one airline that you have chosen previously. The earnings on spend isn’t the most exciting either.
It seems as if UBS is just trying to offer something more unique to their existing wealthy clients rather than really try to have something innovative with a lot of value. If you already have all the good cards you might as well go for this one, but I definitely wouldn’t prioritize it.
If you do end up getting this card however be sure to add it to Etoshin so you can stay on top of all your points and annual fees!