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UBS Financial institution caters to rich people, establishments and company shoppers worldwide, in addition to non-public shoppers in Switzerland. So naturally, when the financial institution launched a trio of enterprise bank cards in June 2019, the playing cards all got here with princely perks and swanky advantages befitting the high-end clientele most certainly to financial institution with UBS.
Not everybody shall be eligible for them, however right here’s a better have a look at how these three UBS enterprise bank cards stack up.
» MORE: Choose a enterprise bank card in 5 easy steps
1. All three supply rewards, enterprise instruments and journey perks …
All the playing cards function journey extras like roadside help, baggage delay protection and other forms of help. And every card earns rewards on purchases, though the earnings buildings and annual charges differ:
The UBS Visa Signature Enterprise card has an annual price of $zero and earns 1 UBS My Alternative Rewards level per greenback spent on all purchases.
The UBS Money Rewards Visa Enterprise card has an annual price of $150 and earns 2% money again on the primary $100,000 in eligible purchases annually, and 1% money again on all purchases after that.
The UBS Visa Infinite Enterprise card has an annual price of $550 and earns three UBS My Alternative Rewards factors for each greenback spent on air journey and resort stays; 2 factors for each greenback spent on workplace provides, delivery, promoting and cable, Web and cellphone on as much as $200,000 in purchases per yr; and 1 level per greenback on all different purchases.
All three playing cards additionally supply advantages tailor-made to enterprise house owners reminiscent of cost controls for licensed customers, expense monitoring instruments and as much as 24 free worker playing cards upon request.
2. … however you’ll possible should undergo a UBS monetary advisor to get one
In case your curiosity is piqued, know that these playing cards aren’t accessible to everybody who has frolicked a shingle. Based on a UBS consultant, “UBS’ card program was designed to serve UBS shoppers and is marketed to UBS shoppers completely.”
Should you don’t have an present UBS relationship, you’ll be able to apply for a card by reaching out on to the agency by calling 866-UBS-VISA, however there’s no on-line software.
» MORE: Who can apply for a small-business card?
three. Redemption guidelines are advanced and probably pricey
First, the excellent news: In case you have both the UBS Visa Infinite Enterprise card or the UBS Visa Signature card — each of which earn UBS My Alternative Rewards factors — you may get extra worth redeeming these factors for flights. (The UBS Money Rewards Visa Enterprise is a cash-back card, so it doesn’t apply right here.)
Should you redeem 25,000 factors for airfare, you may get a ticket price as much as $350; or you’ll be able to redeem 50,000 factors and get a ticket price as much as $900. At these thresholds, factors are price both 1.four cents or 1.eight cents apiece respectively, effectively above the trade normal of 1 cent every.
Now for the dangerous information: To get these elevated redemption charges, you should use factors — and solely factors — to cowl the complete price of the ticket. Utilizing a points-and-cash combo remains to be an possibility, however you gained’t get the elevated redemption charge that method. So should you’re trying to benefit from this deal, hold the next in thoughts:
If your ticket prices greater than both $350 or $900, you’ll owe the distinction in factors; once more, you’ll be able to’t use money or a mix of factors and . And the redemption worth for that distinction in price will fall again to 1 cent per level.
Worse, you’ll be able to pay that distinction solely in 5,000-point increments (which means $50 of ticket worth). So if you need a aircraft ticket that prices, say, $458, you’ll want 40,000 factors — 25,000 to cowl the primary $350, however then 15,000 extra to cowl the $108 distinction.
In case you have the united statesVisa Signature card, you’ll additionally owe a $25 reserving price. (The UBS Visa Infinite Enterprise card doesn’t cost this price.)
The UBS Money Rewards Visa Enterprise card will not be eligible for these sorts of journey redemptions; you’ll get both assertion credit score or a deposit into your UBS enterprise account.
» MORE: How small-business house owners can earn and use journey rewards
four. The lowest-tier card is surprisingly beneficiant with its perks
The usVisa Signature card boasts some spectacular journey extras for a no-annual-fee card, together with concierge service, reductions at luxurious accommodations, most popular automobile rental charges and financial savings on non-public aviation.
And naturally, as you’d count on, the card with the very best annual price of the three — the $550-a-year UBS Visa Infinite Enterprise card — comes with a raft of advantages and lavish facilities. Highlights embody an annual $500 assertion credit score for a lounge membership to any airport membership, a complimentary Precedence Cross Choose Membership, a $350 home airline credit score, and a World Entry or TSA Precheck assertion credit score.
Oddly, although, contemplating its $150 annual price, the midtier UBS Money Rewards Visa Enterprise card provides far much less razzle-dazzle in relation to extras. With this card, you’ll get a number of the fundamental journey and enterprise perks famous earlier than, however not a lot else past the money again rewards.
5. Large accounts get greater sign-up bonuses
Like most enterprise bank cards, the united statescards all include welcome provides after assembly minimal spending necessities.
However holders of the united statesVisa Infinite Enterprise card and/or the united statesVisa Signature Enterprise card can increase these bonuses considerably if they’ve $250,000 or extra in property as shoppers. For particulars, contact UBS.
» MORE: The place are the largest bonuses? Strive small-business playing cards