UBS key4 Mastercard StandardUBS
Premium
Standard

UBS key4 Mastercard Standard

UBS

Overall Rating

3.7/5

Annual fee

CHF 200

1st year: CHF 100

Network

Mastercard

Rewards Type

Points

Welcome bonus

2 pts/1000CHF Points

Also good for

Cashback

Our Take on UBS key4 Mastercard Standard

Your Swiss Finance Companion
Adrien Missioux
Adrien Missioux•

0.84% foreign exchange fee. The lowest of any Swiss credit card. Full stop.

The UBS key4 Mastercard Standard has one standout feature that makes it essential for certain users: the best foreign exchange rate in Switzerland. At just 0.5% markup on Mastercard's wholesale rate (approximately 0.84% effective), it crushes the 1.5-2.5% fees charged by nearly every competitor. If you spend in foreign currencies, this card saves real money.

What Are You Actually Paying For?

Let's be clear about what this card is and isn't. The 0.84% FX fee is the entire value proposition. Most Swiss cards charge 1.75%. On CHF 20,000 in annual foreign currency spending, you save CHF 182. That's meaningful, especially for cross-border workers or frequent travelers.

The CHF 200 annual fee (varies with your UBS banking package) might seem steep for a "standard" card. But if you're spending in EUR, USD, or other currencies regularly, the FX savings cover the fee quickly. Someone spending CHF 15,000 abroad annually saves roughly CHF 136. After one year, you're ahead.

What Actually Stands Out

The UBS key4 program was specifically designed for international spending. The 0.5% markup on Mastercard's exchange rate is genuinely exceptional. Neon, Revolut, and other fintechs compete in this space, but UBS offers it with a traditional Swiss bank's stability and integration.

You still earn 2 KeyClub points per CHF 1,000, same as other UBS cards. Not exciting, but the FX rate is why you'd choose this card. Apple Pay and Google Pay both work, which matters for daily convenience.

What Most Reviews Miss

No travel insurance. This is a card built for FX savings, not travel protection. If you want medical coverage or trip cancellation, you need a separate card or standalone policy. UBS deliberately stripped out insurance to keep the FX rate low.

Also, the value only works if you actually spend in foreign currencies. If 90% of your spending is domestic CHF, the savings are minimal and you'd get better value from a cashback card. This is a specialized tool, not an all-purpose credit card. See our exchange rates guide for how FX markups compare across Swiss cards.

The Bottom Line

For cross-border workers, frequent travelers, or anyone who spends significantly in foreign currencies, this card is essential. The FX savings are substantial and compound over years of use. For domestic-only spending, look elsewhere. Check our best credit cards in Switzerland comparison for other options.

Verdict: The best Swiss credit card for foreign currency spending. A must-have for cross-border workers and international travelers.

Best For: cross-border workers who earn or spend in EUR, USD, or other foreign currencies, frequent international travelers who want to minimize FX losses, UBS customers who already have the banking package that reduces the annual fee
Consider Alternatives If: 90%+ of your spending is in CHF (the FX savings won't justify the fee), you want travel insurance included (this card has none), you prefer cashback or high rewards over currency savings

PROS

  • Low foreign exchange fee of 0.84%
  • 2 welcome bonus points
  • Apple Pay compatible
  • Contactless payments for convenient transactions
  • Earn 2 KeyClub points per 1000 Swiss francs
  • More favorable exchange rate: 0.5% markup on Mastercard exchange rates, potentially more favorable compared to competitors
  • No annual fee

CONS

  • High annual fee (CHF 200)
  • No travel insurance
  • No medical coverage
  • No airport lounge access
  • No concierge service

Card Details

At a Glance

Annual fee

CHF 200

1st Year

CHF 100

Rewards rate

0.002 points/CHF

FX Fee

0.84%

Welcome bonus

2 pts/1000CHF Points

Apple Pay
Contactless payments
Mastercard

Fees & Costs

First year annual fee

CHF 100

Annual fee (after first year)

CHF 200

Foreign exchange fee

0.84%

Cash Withdrawal (Domestic)

4% (min CHF 10)

Cash Withdrawal (International)

4% (min CHF 10)

Late Payment Fee

CHF 30

Additional Cards

CHF 50/card/year

Rewards Program

Rewards type

Points

Base rewards rate

0.002 / CHF

Welcome bonus

2 pts/1000CHF Points

Insurance & Protection

Travel insurance coverage

No travel insurance

Medical insurance coverage

No medical coverage

Purchase protection

No purchase protection

Card Features

Card Network

Mastercard

Card Type

Standard

Currency

CHF

Minimum income requirement

No income requirement

Monthly spending limit

CHF 5'000

Airport lounge access

Concierge service

Key Features

  • Earn 2 KeyClub points per 1000 Swiss francs
  • More favorable exchange rate: 0.5% markup on Mastercard exchange rates, potentially more favorable compared to competitors
  • No annual fee
  • Access to various digital wallets including Samsung Pay and Apple Pay
  • 24-hour customer service support

Calculate If This Card Is Worth It for You

CHF 2'500/mo

= CHF 30'000/year

You Pay

CHF 200

per year

You Get Back

CHF 62

estimated value

Bottom Line

CHF -138

extra cost for perks

Annual calculation:

Rewards earnedCHF 60

CHF 30'000/yr × 0.002 points/CHF × 1 CHF

Welcome bonus (1st year)≈ CHF 2

2 points × 1 CHF

Total benefitsCHF 62
Annual fee- CHF 200
Net valueCHF -138

Move the slider to see how your spending affects the card's value. Miles: 1.5 ct, points: 1 ct (UBS points: 1 CHF).

Rating by Category

Cashback

116 cards

3.3
#49/ 116

Top 42%

#116#1
View top cards

Premium

122 cards

3.7
#40/ 122

Top 33%

#122#1
View top cards

Compare to Other Cards

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Bonus

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UBS key4 Mastercard Standard

UBS key4 Mastercard Standard

UBS

3.7
Visit provider
Annual feeCHF 216
Annual feeCHF 200
Rewards rate5 points/CHF
Rewards rate-
Welcome bonus-
Welcome bonus2 points

Frequently Asked Questions

How does the UBS key4 international cash-withdrawal fee compare to other UBS cards?
4.00% with a CHF 10 minimum. That's the lowest cash-withdrawal rate in this comparison set and notably below the premium-segment average around 5.68%. Pulling CHF 500 abroad costs CHF 20 here vs roughly CHF 28 on a typical premium card. The key4 line is built around currency savings; this is the headline mechanic.
What's the late-payment fee on the key4 Standard?
CHF 30 per missed statement plus accrued interest. Higher than the premium-segment average around CHF 23. UBS doesn't soften this at the digital-first key4 tier; set up direct debit if your bookkeeping is occasionally late.
How much does an additional cardholder cost on the key4 Standard?
CHF 50 a year per supplementary card, no free allotment. Comparable to UBS Gold's per-extra rate but without the bundled Visa+Mastercard pair you get on the traditional tiers. If you want family cards on the key4 program, factor that into the cost picture.

How We Rated This Card

Wondering why UBS key4 Mastercard Standard got its score? We rate Premium cards using a weighted formula. Here's what counts:

Insurance Coverage (35%)
Perks (30%)
Customer Satisfaction (25%)
Fee Tier (10%)

Same formula for every card in this category. No exceptions.

See our full rating methodology

Ready to Apply?

Apply for the UBS key4 Mastercard Standard today and start enjoying its benefits.