Guide on EastWest Visa Platinum Features & Application Requirements
EASTWEST VISA PLATINUM – You can check here the features of this EastWest Bank credit card offer and the requirements in applying for it.
Nowadays, more and more people realize the benefits if you are a credit cardholder. One of which is that there is always something that you can turn to amid a financial emergency or any in dire need for case. Are you planning to apply for one?
In the Philippines, one of the biggest banks that you may turn to for a credit card offer is the EastWest Bank. In fact, the bank founded by the late business tycoon Andrew Gotianun and his wife have several offers which also include multiple EastWest Bank loans. It also has several credit card offers which include the EastWest Visa Platinum.
The EastWest Visa Platinum is geared with excellent features. Here are some important benefits that await the credit cardholders:
- Php 5,000 Welcome Cash Reward upon reaching the first Php 10,000 retail spend within two (2) months since the credit card was activated
- enjoy a cashback rate of 8.88% when making purchases in department stores, airlines, restaurants, fast food chains & food delivery apps, travel services, lodging or hotels, vehicle rentals, gas, and even utilities
- enjoy premium perks and visa platinum privileges
- secured transactions EMV smart chip embedded on the EastWest Platinum Mastercard
- up to nine (9) supplementary cards
- acceptable to more than 46 million establishments in over 200 countries worldwide
- access to cash as you can cash advance up to 70% of your credit limit and withdraw from an EastWest ATM, or at any ATM bearing the BancNet, Visa or Visa Plus logo using your Cash Advance Personal Identification Number (CA-PIN)
Under the credit card offers of the EastWest Bank, there are variations when it comes to the fees. Here is a guide on the credit card fees under the EastWest Visa Platinum:
| Annual Membership Fee | Principal Card: Php 3,600 Supplementary Card: Php 1,800 |
| 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 700 when the outstanding balance exceeds the prescribed credit limit within the billing period |
Qualifications. Just like in the credit card offers of other banking entities, the EastWest Bank has set an eligibility criteria in applying for the EastWest Visa Platinum. Here are the eligibility requirements that an applicant must meet to qualify for the credit card application:
- a Filipino Citizen or local resident foreigner
- at least 21 years old for Principal Card applications
- earning a minimum gross annual income of Php 1,000,000
- has a residence landline or mobile phone and business landline
- must be residing within the serviceable area of the EastWest Bank
Application. The processing of applications for the EastWest Visa Platinum may take between 10 to 15 days. The application for the credit card is open not only for employed and self-employed individuals but as well as local resident foreigners.
Here are the requirements in applying for the EastWest Visa Platinum offer:
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
- any of the following:
- 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)