Guide on EastWest Privilege Features & Application Requirements
EASTWEST PRIVILEGE – You can check here the features of this EastWest Bank credit card offer and the requirements in applying for it.
Many people now have realized that a credit card is not something to be feared of. It has a lot of benefits and privileges for the cardholders as long as you know how and when to use it. In the Philippines, one of the credit card providers is the EastWest Unibank.
The EastWest Unibank or also popularly called the EastWest Bank has several finance products and services. Its credit card offers are under the personal category and there are several options for you. One of the excellent offers is the EastWest Privilege.
The EastWest Privilege was designed for the cardholders to enjoy the life’s privileges. It promises year-round special discounts and privileges for the cardholders and it has many other excellent features.
Here are some of the best things that the EastWest Privilege can offer:
- earn one (1) Rewards Point for every Php 100 spend using your EastWest Privilege
- convert your Rewards Points into eGift Rewards and Limitless Rewards Vouchers
- enjoy year-round special discounts and privileges from shopping, health and wellness, dining, and travel and leisure merchants
- up to nine (9) supplementary cards
- accepted in over 46 million establishments in over 200 countries across the nation
- access to cash advance as you can withdraw 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
It is a responsible move to check the fees before applying for a credit card. It is one way to ensure the continuity of your usage after the approval of the credit card offer. Here are the fees under the EastWest Privilege:
| Annual Membership Fee | Principal Card: Php 1,500 Supplementary Card: Php 750 |
| 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 |
Qualifications. The EastWest Bank has set a few eligibility requirements to qualify for the EastWest Privilege application. Here are the eligibility requirements that a credit card applicant must meet to be eligible to apply for the offer:
- a Filipino Citizen or local resident foreigner
- at least 21 years old for Principal Card applications
- a minimum gross annual income of Php 180,000
- has a residence landline or mobile phone and business landline
- must be residing within the serviceable area of the EastWest Bank
Requirements. What are the documents that you need to submit in applying for the EastWest Privilege? Here are the requirements set by the bank for employed and self-employed Filipinos as well as local resident foreigners who want to apply for the credit card offer.
Kindly note that the processing of the EastWest Bank credit card application may take 10 to 15 days. Here are the documents required by the bank in applying for its finance product:
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)