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UBS Financial institution caters to rich people, establishments and company purchasers worldwide, in addition to personal purchasers 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 more than likely to financial institution with UBS.
Not everybody can be eligible for them, however right here’s a more in-depth take a look at how these three UBS enterprise bank cards stack up.
» MORE: Decide a enterprise bank card in 5 easy steps
1. All three supply rewards, enterprise instruments and journey perks …
The entire playing cards characteristic journey extras like roadside help, baggage delay protection and other forms of help. And every card earns rewards on purchases, though the earnings constructions and annual charges differ:
The UBS Visa Signature Enterprise card has an annual payment 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 payment of $150 and earns 2% money again on the primary $100,000 in eligible purchases every year, and 1% money again on all purchases after that.
The UBS Visa Infinite Enterprise card has an annual payment 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, transport, promoting and cable, Web and telephone 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 comparable to cost controls for approved customers, expense monitoring instruments and as much as 24 free worker playing cards upon request.
2. … however you’ll seemingly must undergo a UBS monetary advisor to get one
In case your curiosity is piqued, know that these playing cards aren’t obtainable to everybody who has frolicked a shingle. Based on a UBS consultant, “UBS’ card program was designed to serve UBS purchasers and is marketed to UBS purchasers completely.”
In the event you don’t have an present UBS relationship, you may 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 complicated and doubtlessly expensive
First, the excellent news: If 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 will 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.)
In the event you redeem 25,000 factors for airfare, you will get a ticket value as much as $350; or you may redeem 50,000 factors and get a ticket value as much as $900. At these thresholds, factors are value both 1.four cents or 1.eight cents apiece respectively, nicely above the trade customary of 1 cent every.
Now for the unhealthy information: To get these elevated redemption charges, you will need to use factors — and solely factors — to cowl the complete value of the ticket. Utilizing a points-and-cash combo remains to be an choice, however you received’t get the elevated redemption price that manner. So should you’re seeking to reap the benefits of this deal, preserve the next in thoughts:
If your ticket prices greater than both $350 or $900, you’ll owe the distinction in factors; once more, you may’t use money or a mixture of factors and . And the redemption worth for that distinction in value will fall again to 1 cent per level.
Worse, you may pay that distinction solely in 5,000-point increments (that means $50 of ticket worth). So in order for you a airplane 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.
If in case you have the united statesVisa Signature card, you’ll additionally owe a $25 reserving payment. (The UBS Visa Infinite Enterprise card doesn’t cost this payment.)
The UBS Money Rewards Visa Enterprise card just isn’t 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 motels, most popular automotive rental charges and financial savings on personal aviation.
And naturally, as you’d anticipate, the card with the best annual payment of the three — the $550-a-year UBS Visa Infinite Enterprise card — comes with a raft of advantages and lavish facilities. Highlights embrace 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 International Entry or TSA Precheck assertion credit score.
Oddly, although, contemplating its $150 annual payment, the midtier UBS Money Rewards Visa Enterprise card affords far much less razzle-dazzle in the case of extras. With this card, you’ll get among the fundamental journey and enterprise perks famous earlier than, however not a lot else past the money again rewards.
5. Large accounts get larger sign-up bonuses
Like most enterprise bank cards, the united statescards all include welcome affords 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 belongings as purchasers. For particulars, contact UBS.
» MORE: The place are the largest bonuses? Strive small-business playing cards