We introduce updatable anonymous credential systems UACS and use them to construct a new privacy-preserving incentive system. In a UACS, a user holding a credential certifying some attributes can interact with the corresponding issuer to update his attributes. During this, the issuer knows which update function is run, but does not learn the user’s previous attributes. Hence the update process preserves anonymity of the user. One example for a class of update functions are additive updates of integer attributes, where the issuer increments an unknown integer attribute value v by some known value k. This kind of update is motivated by an application of UACS to incentive systems. Users in an incentive system can anonymously accumulate points, e.g. in a shop at checkout, and spend them later, e.g. for a discount.