Guide on EastWest Platinum Mastercard Features & Application Requirements
EASTWEST PLATINUM MASTERCARD – You can check here the features of this EastWest Bank credit card offer and the requirements in applying for it.
Are you looking for a bank where you may apply for a credit card? One of the trusted entities with credit card offers in the country is the EastWest Bank. One of its amazing offers is detailed below.
The EastWest Bank has several offers that encompass both personal and business categories. Aside from the EastWest Bank loans, it has several credit card offers which include the EastWest Platinum Mastercard which offers a free lifetime membership and several excellent features.
- enjoy luxurious benefits and spending privileges for a lifetime with free lifetime membership
- low foreign currency conversion fee of 1.70%
- up to Php 20 Million comprehensive travel accident and inconvenience insurance coverage when traveling on a flight booked through the EastWest Platinum Mastercard
- up to nine (9) supplementary cards with full control on the sub-limit for each card
- over 30 million establishments in over 200 countries worldwide accepts the card
- access to a cash advance by converting up to 70% of your credit limit to cash and withdraw from an EastWest ATM, or at any ATM bearing the BancNet, Mastercard or Cirrus logo using your Cash Advance Personal Identification Number (CA-PIN)
- secured transactions EMV smart chip embedded on the EastWest Platinum Mastercard
Before getting a credit card, it is best to know the fees that come along with it. Here are the fees under the EastWest Platinum Mastercard offer:
| Annual Membership Fee | Principal Card: Waived Perpetually Supplementary Card: Waived Perpetually |
| Interest Charge | 3% per month or 36% effective rate annually |
| Cash Advance Service Fee and Interest Charge | Php 200 per cash advance availment; and 3% Interest Charge imposed on the cash advance amount and Cash Advance Service Fee |
| Late Payment Charge | Php 1,500 or the unpaid Minimum Payment Due, whichever is lower |
| Over Credit Limit Fee | Php 500 when the outstanding balance exceeds the prescribed credit limit within the billing period |
Who are qualified to apply for the EastWest Platinum Mastercard? The bank has set a few qualifications in applying for the credit card offer such as the following:
- a Filipino Citizen or local resident foreigner
- at least 21 years old for Principal Card applications
- earning a minimum gross annual income of Php 1,800,000
- has a residence landline or mobile phone and business landline
- must be residing within the serviceable area of the EastWest Bank
How long is the processing of the credit card application? According to EastWest Bank, the processing may take between 10 to 15 banking days after the submission of the complete set of requirements.
The required documents in applying for the EastWest Platinum Mastercard depends if you are employed, self-employed, or a local resident foreigner. Here are the documentary requirements set by the bank:
Employed
- duly-accomplished EastWest Credit Card Application Form
- photocopy of one (1) valid ID with picture and signature
- Latest BIR Form 2316/ITR
- Certificate of Employment stating breakdown of compensation
- Letter of Appointment/Personnel Action Memo
- Salary Adjustment Memo issued within the latest month
- Latest three (3) Months Payslip
- Latest Service Record for government employees
- Valid Credit Card Reference and Latest Month Statement of Account
Self-Employed
- duly-accomplished EastWest Credit Card Application Form
- photocopy of one (1) valid ID with picture and signature
- Latest BIR Form 1701/ITR
- Latest Audited Financial Statements (if applicable)
- Valid Credit Card Reference and Latest Month Statement of Account
Local Resident Foreigner
- duly-accomplished EastWest Credit Card Application Form
- photocopy of one (1) valid ID with picture and signature
- Alien Certificate of Registration with Permanent Status
- Visa issued under Section 9d and 9g of immigration Act of 1940
- Special Investor’s Resident Visa (SIRV)
- Visa issued by Philippine Economic Zone Authority – 47(a)(2)
- Embassy Certification (for Diplomats and Embassy Personnel)