The UOB Visa Infinite
Metal Card is aimed at travelers who value convenience and
comfort
United Overseas
Bank (Malaysia) Bhd (UOB Malaysia) today announced the launch of the UOB Visa
Infinite Metal Card, a credit card offering travel-related rewards and benefits
to meet the exacting luxury travel needs and expectations of its affluent
customers[1].
The card, which is available to customers on an invitation-only basis, is
launched in partnership with global payments technology company Visa.
From left to right : Ms Sue Wong, Executive Director and Head of Cards and Payment Products, Personal Financial Services, UOB Malaysia; Mr Ronnie Lim, Managing Director and Country Head of Personal Financial Services, UOB Malaysia and Mr Ng Kong Boon, Visa Country Manager for Malaysia.
According to UOB
Malaysia’s data, travel-related expenditure among affluent cardholders has grown
by 35 per cent since 2016[2].
In 2018 alone, affluent cardholders spent RM205 million on travel-related
products and services[3],
a 23 per cent increase from the previous year. Travel-related spending experienced
the highest growth across all spend categories in 2018, followed by insurance
(10 per cent), retail (seven per cent) and medical (seven per cent)[4].
In 2018, 20 per cent of cardholders’ total credit card billings were charged in
foreign currencies, affirming that Malaysian cardholders are using their credit
cards overseas[5].
Given the
increasing travel-spend of its affluent cardholders, UOB Malaysia has designed
a card especially for those who crave convenience and comfort when they travel.
Benefits of the UOB Visa Infinite Metal Card include first-class travel
privileges, a competitive air miles redemption programme, accelerated reward
points for overseas spend and a 24-hour worldwide concierge service.
Mr Ronnie Lim,
Managing Director and Country Head of Personal Financial Services, UOB Malaysia,
said the growing affluence of Malaysian consumers is giving rise to a set of
people who travel extensively for work or leisure.
[1] UOB Malaysia defines its affluent
customers as customers who have a minimum annual income of RM300,000 and
investable assets of above RM3 million with UOB Malaysia.
[5] UOB Malaysia cards data as at 31
December 2018. UOB Malaysia
defines overseas card spend as expenditure incurred abroad in foreign
currencies other than the Malaysian Ringgit. This includes over-the-counter
spend and online transactions.
“For this set of
travellers, using a credit card is convenient as there is no need to carry
large amounts of cash. Credit cards also offer consumers protection against
fraud and theft, offering them added peace of mind and security, especially
when they are travelling.
“To support our affluent
customers’ lifestyle choices more specifically, and to enhance the luxury
travel needs of our customers, we partnered Visa to design a credit card that goes
beyond the Visa Infinite rewards programme. With more than 60 partner airlines
and a competitive conversion air miles programmes, the UOB Visa Infinite
Metal Card has been created with the affluent frequent flyer in mind,”
The UOB Visa
Infinite Metal credit card offers a best-in-class air miles conversion rate of
4,500 UNIRinggit for 1,000 air miles with selected airlines. Cardholders also
enjoy exclusive travel privileges including unlimited access to airport lounges
worldwide and complimentary limousine rides to the Kuala Lumpur International
Airport (KLIA) and KLIA 2[1].
The card also offers complimentary travel insurance coverage of up to
RM1,000,000 and access to the Visa Concierge service to help cardholders make
restaurant reservations, source and purchase theatre tickets or to get
information on special events and performances[2].
In moulding the
UOB Visa Infinite Card from bronze metal, UOB Malaysia offers customers a card
that is durable and unique.
“We wanted to
create a card that not only provides premium travel and lifestyle benefits to
our customers but is also resistant to the wear and tear from prolonged and
regular use. Made of bronze, the UOB Visa Infinite Metal Card carries weight in
its body and in its name. It is an exclusive card created for the discerning
affluent individuals who values convenience and comfort and enjoys travelling,
dining and shopping,” Mr Lim said.
Mr Ng Kong Boon, Visa
Country Manager for Malaysia, said, “We are extremely excited to partner UOB
Malaysia to introduce the UOB Visa Infinite Metal Card. Today, we continue to
see strong growth in the number of affluent Malaysians at close to 20 per cent year-on-year[3].
We believe it is important to provide affluent cardholders a product that
tailors to their premium travel and lifestyle requirements. In addition to the
list of luxury travel benefits offered in this product, affluent Malaysians
also get to enjoy our concierge service available through the Visa Concierge app.
Visa Concierge provides affluent cardholders with a real-time channel to
arrange for services such as hotel, flight and restaurant reservations.”
The UOB Visa
Infinite Metal Card offers customers a range of other benefits and rewards
including access to prestigious members-only clubs and golf clubs across the
region, as well as 24-hour access to the Visa Concierge service[4].
The UOB Visa Infinite Metal Card is available by invitation only to customers
who have a minimum annual income of RM300,000 and investable assets of above
RM3 million with UOB Malaysia[5].
About United Overseas Bank (Malaysia) Bhd
United Overseas Bank
(Malaysia) Bhd (UOB Malaysia) is a subsidiary of Singapore-based United
Overseas Bank Limited (UOB) and has had a presence in Malaysia since 1951. UOB Malaysia offers an extensive range of
commercial and personal financial services through its branches, subsidiaries
and associate companies: commercial lending, investment banking, treasury
services, trade services, cash management, home loans, credit cards, wealth
management, bancassurance and Islamic banking products.
UOB is a leading
bank in Asia with a global network of more than 500 offices in 19 countries and
territories in Asia Pacific, Europe and North America. Since its incorporation
in 1935, UOB has grown organically and through a series of strategic
acquisitions. UOB is rated among the world’s top banks: Aa1 by Moody’s and AA-
by both Standard & Poor’s and Fitch Ratings. In Malaysia, UOB Malaysia
receives AAA/Stable/P1 financial institution rating from RAM Ratings.
Over more than eight
decades, generations of UOB employees have carried through the entrepreneurial
spirit, the focus on long-term value creation and an unwavering commitment to
do what is right for our customers and our colleagues.
We believe in being
a responsible financial services provider and we are committed to making a
difference in the lives of our stakeholders and in the communities in which we
operate. Just as we are dedicated to helping our customers manage their
finances wisely and to grow their businesses, UOB is steadfast in our support
of social development, particularly in the areas of art, children and
education.
For further
information, please visit www.uob.com.my.
About Visa
Visa Inc. (NYSE: V) is
the world’s leader in digital payments. Our mission is to connect the world
through the most innovative, reliable and secure payment network - enabling
individuals, businesses and economies to thrive. Our advanced global processing
network, VisaNet, provides secure and reliable payments around the world, and
is capable of handling more than 65,000 transaction messages a second. The
company’s relentless focus on innovation is a catalyst for the rapid growth of
connected commerce on any device, and a driving force behind the dream of a
cashless future for everyone, everywhere.
As the world moves from analog to digital, Visa is applying our brand,
products, people, network and scale to reshape the future of commerce. For more
information, visit www.visa.com.my
[1] These offers are subject to UOB
Malaysia’s Visa Infinite Metal Card campaign Terms and Conditions.
Comments
Post a Comment