5 Issues to Know About UBS Enterprise Credit score Playing cards

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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 almost certainly to financial institution with UBS.

Not everybody shall be eligible for them, however right here’s a more in-depth have 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 provide 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 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 lodge 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 12 months; and 1 level per greenback on all different purchases.

All three playing cards additionally provide advantages tailor-made to enterprise homeowners 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 probably should undergo a UBS monetary advisor to get one

In case your curiosity is piqued, know that these playing cards aren’t out there 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.”

When 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 complicated 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.)

When 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 business customary of 1 cent every.

Now for the unhealthy 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 continues to be an choice, however you gained’t get the elevated redemption fee that approach. So should you’re trying to make the most of this deal, maintain 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 mixture 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 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.
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 shouldn’t 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 homeowners 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 inns, most popular automobile rental charges and financial savings on non-public 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 embody an annual $500 assertion credit score for a lounge membership to any airport membership, a complimentary Precedence Move Choose Membership, a $350 home airline credit score, and a World Entry or TSA Precheck assertion credit score.

Oddly, although, contemplating its $150 annual payment, the midtier UBS Money Rewards Visa Enterprise card provides far much less razzle-dazzle in the case of extras. With this card, you’ll get a number of the primary journey and enterprise perks famous earlier than, however not a lot else past the money again rewards.

5. Massive 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 enhance these bonuses considerably if they’ve $250,000 or extra in belongings as shoppers. For particulars, contact UBS.

» MORE: The place are the most important bonuses? Attempt small-business playing cards

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