The Practical MasterCard from Eastwest Bank combines the best of most benefits that credit cards have to offer and comes with a plethora of perks and features that caters to the ever growing needs of customers.
Low interest rates, flexible fee payment choices, worldwide acceptance, cash advance facilities are some of the features offered by this incredible card. The Eastwest Bank Practical MasterCard is a one-stop shop that fulfills a customer’s every need.
Do read on for more information on all the benefits and features that come with this card.
Benefits and Features - Eastwest Bank Practical MasterCard
‘Reduced Rates of Interest’
Low interest rates are perhaps the deal clincher for every customer looking for the perfect credit card. The Practical MasterCard offers a very low interest rate of 3.25% per month. This rate is applicable for rudimentary purchases such medicines, fuel and supermarket spends. A monthly interest rate of 3.49% is charged on other purchases.
‘Low Payment Each Month’
Customers can rejoice as they need to only pay the minimum amount of P200 or 3.5% of their total balance (whichever is higher) as their monthly payment. In addition to this, customers also have the unique benefit of paying their entire due amount in one go or any amount in between the full amount and minimum amount due as per their statement. An interest charge will only be applied if the customer chooses to pay lesser than the amount shown in their statement.
‘Flexible Fee Payment’
Eastwest Bank Practical MasterCard holders have the choice of paying for their membership either monthly, quarterly or annually.
Additional Features -Eastwest Bank Practical MasterCard
‘Perks of Eastwest’
Step into a world full of privileges and benefits with the Eastwest Practical MasterCard. Customers have the option of receiving various promotions and perks if purchases regarding shopping, travel, dining, wellness is done with Eastwest Bank’s partner merchants. Do visit the website for more details.
EastWest Bank Practical MasterCard users can utilize their card anywhere within Philippines or around the world without any hassle as this card is accepted in more than 29 million centres in more than 300 countries worldwide, wherever MasterCard is accepted.
The EastWest Bank Practical MasterCard comes equipped with a smart chip, thereby eliminating the need for security concern.
‘3D Secure Tech’
In this technology driven age, cyber security is imperative. Thanks to the 3D Secure technology which protects against misuse of the card, online transactions are much safer. While making online purchases, customers are required to enter a one-time password that will be sent to their mobiles for additional security.
‘Payments in Peso’
In order to help keep foreign currency intact, customers can pay all their purchases, both local and international, in Peso.
‘Cash Advance Facility’
Customers can receive cash advances of a maximum of 50% of their credit limit at any ATM with Cirrus and MasterCard logos, at any EastWest store throughout Philippines or at any ATM affiliated to EastWest Bank. In order to make cash advances, customers will need to use their Cash Advance PIN post which an interest rate will be charged.
Customers who purchase from merchant partners can enjoy interest rates that are as low as 0% on selected merchandise.
‘Transfer of Balance’
Users can avail fantastic savings and easy monthly installments while transferring balances from their other credit cards to their EastWest Practical MasterCard.
EastWest Bank Practical MasterCard users can convert their high-end purchase expenses to payments that can be paid in easy installments of 6,12,18 or 24 terms at very low interest rates.
Thanks to the Insta-Cash facility, customers have instantaneous access to cash with their Practical MasterCard.
‘Quick Bills Facility’
Standing in long lines at insurance payment centres is nothing short of painful. Now customers will not have to go through the hassle as they can pay their insurance bills through their EastWest Bank Practical MasterCard with billers such as Globe, Philam Life and PhilPlans, Bayantel, Smart & Smart Bro and others.
Users can share the privileges they receive from their EastWest Bank Practical MasterCard with their family by providing them with supplementary EastWest Practical MasterCards. Users can avail upto 9 supplementary cards and they also have the option of having a sub-limit attached to the cards.
‘24/7 Customer Service’
Customers can call the given numbers at any point of time to inquire about lost cards, balance transfers, supplementary card application forms and others.
Practical MasterCard holders will receive their monthly statements via their e-mail or directly at their billing address. E- Statements are also safer and more convenient.
‘Lost Card Protection’
Users can report the loss of their card at anytime to the 24-Hour customer service for quick preventive action.
Fees and Charges - Eastwest Bank Practical MasterCard
|Cash Advance - Over the counter fee||P500|
|Late Payment Charge||P500 or 7.5% of the minimum payment that is due, whichever is higher|
|Over credit limit charge||P500|
|Returned cheque fee||P1000|
|Card replacement fee||P400|