Guide on EastWest Gold Features & Application Requirements
EASTWEST GOLD – You can check here the features of this EastWest Bank credit card offer and the requirements in applying for it.
In choosing a credit card, there are countless offers out there. Several banks have multiple credit card offers and while the long list widens your options, it can also be very challenging to weigh the offers. Meanwhile, some of the best credit card offers are from EastWest Bank.
The EastWest Bank is one of the reputable banks in the Philippines. It offers several types of bank accounts, different EastWest Bank loans, credit cards, etc. One of the best credit card offers of the bank is the EastWest Gold.
The bank boasts the EastWest Gold as the credit card that is “all about experiencing life’s privileges”. It is packed with excellent benefits and features to give cardholders a prime experience. Here are the important things you should know about the credit card offer:
- earn one (1) Rewards Point for every Php100 charged to your EastWest credit card
- convert your Rewards Points into eGift Rewards and Limitless Rewards Vouchers which you can use in purchases
- up to Php 20 Million with comprehensive travel accident and inconvenience insurance coverage when traveling on a flight booked through the EastWest Gold
- enjoy year-round special discounts and privileges from shopping, health and wellness, dining, and travel and leisure merchants
- up to nine (9) supplementary cards
- acceptable to over 46 million establishments in over 200 countries worldwide
- access to cash advance that is up to 50% of your credit limit withdrawable through an EastWest ATM, or at any ATM bearing the BancNet, Mastercard, Cirrus, Visa or Visa Plus logo using your Cash Advance Personal Identification Number (CA-PIN)
- secured transactions EMV smart chip embedded on the EastWest Platinum Mastercard
Credit Card Fees. It is a wise move to know the charges set by the EastWest Bank under this specific credit card offer. Here are the fees:
| Annual Membership Fee | Principal Card: Php 2,500 Supplementary Card: Php 1,250 |
| 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 for the EastWest Gold credit card application? There is a set of a few eligibility requirements in applying for the excellent credit card offer. Here are the qualifications considered by the bank:
- a Filipino Citizen or local resident foreigner
- at least 21 years old for Principal Card applications
- earning a minimum gross annual income of Php 480,000
- has a residence landline or mobile phone and business landline
- must be residing within the serviceable area of the EastWest Bank
Requirements for EastWest Gold credit card application. To apply for the EastWest Bank offer, there are documents that you need to submit to the bank. The requirements depend if you are employed, self-employed, or a local resident foreigner.
Below, you can check the lists of the documentary requirements set by the bank in applying for the credit card 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
- 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)
Processing Duration. How long will it take for EastWest Bank to process credit card applications? According to the bank, the processing may take as fast as 10-15 working days. Please note that the documents that you have submitted for the application will not be returned to you.