The latest says you pay per visit on lounge access:

By upgrading your membership to the UBS Premier Level, you’ll accumulate more points than with UBS Select Level and enjoy additional benefits, such as expanded travel and concierge services. UBS Premier Level members earn 1.5 points for every eligible purchase made with either the UBS Premier American Express Card or the UBS Premier Visa Signature credit card, so you can achieve your ultimate award even faster.

And with the 50% bonus increase in points awarded for spend in travel categories (excluding lodging and dining) with the UBS American Express Card, UBS Premier Level members earn a total of 2.25 points for each $1 in qualifying travel spend.

Compare the benefits of upgrading!

UBS Select Level

UBS Premier Level


Rewards Earnings $1=1 point $1=1.5 points
Sample Card Benefits Traditional Concierge Services
• Travel Insurance
• Travel and Emergency Assistance
• Roadside Assistance
• Purchase Protection
• Extended Warranty • Team of three different premier concierges
• Access to private aviation services
• Airport lounge access ($24 lounge fee/per visit)
• Identity Theft Resolution
Rewards Redemption Hundreds of options Hundreds of options
Annual Program Upgrade Fee $0 $350