East West Bank Credit Card Promotions and Rewards Overview

East West Bank credit cards feature various promotional offers and rewards programs as detailed in consumer reviews and official announcements. These include cashback rewards, fuel discounts, cash conversion options, and referral incentives. Information derives from user reviews, bank promotions, and terms primarily associated with Visa, Mastercard, and JCB cards. Specific offers target spending categories such as shopping, dining, travel, and fuel purchases, with some limited to certain regions or time periods.

Cashback and Rewards Programs

Rewards programs accompany East West Bank credit cards, offering cash back and travel benefits. Consumer reviews on a verified review platform highlight cash back, travel rewards, and competitive rates as common features, alongside flexible payment options. Negative feedback includes long hold times and high interest rates for some users.

The EastWest Visa Platinum Credit Card provides an enhanced cashback rate of 8.88% on shopping, dining, and travel, covering airlines, lodging, vehicle rentals, and online stores for both local and international transactions. A 0.30% cashback applies to other purchases. Additional benefits include complimentary travel insurance up to PHP 20 million and a foreign exchange rate of 1.70%. Digital management occurs via the EastWest System Tech Assistant (ESTA) chatbot for applications and redemptions. Post-relaunch metrics indicate a 57% increase in average monthly billings per active card and a 216% rise in new card acquisitions within four months.

Fuel Discount Promotion

A fuel discount promotion applies to all EastWest Credit Cards (Visa, Mastercard, JCB) at Unioil stations. During August 1-31, 2024, cardholders receive P7.00 per liter off on Euro5 fuels including Diesel, Gas 91, Gas 95, and Gas 97, with no minimum purchase required. Exclusions cover all EastWest Debit Cards.

Limitations include a maximum of three transactions accumulating to 80 liters per day per cardholder. The promotion does not earn loyalty points, cannot combine with other discounts, and excludes fleet consumption, public utility vehicles, commercial vehicles, and vehicles over 120-liter fuel capacity. Participants grant Unioil rights to use personal data and images for marketing. Details are governed by DTI Fair Trade Permit No. FTEB-196651, Series of 2024.

Insta-Cash Promotion

The Insta-Cash promotion enables EastWest Credit Card cardholders to convert available credit limit into cash, repayable in monthly installments from 6 to 60 months. Minimum amount is PHP10,000 up to the credit limit, with add-on interest rates from 0.55% to 0.70% per month. Applications occur via chat with ESTA on Facebook Messenger. Availability spans January 11 to February 29, 2024, for eligible cardholders.

Referral Program Incentives

East West Bank operates a referral program for consumer checking or savings accounts opened via Mobile App or Online Banking. A qualifying referral earns a $20 Fee Credit for both the sender (existing customer) and receiver (new customer meeting account requirements). Third-party non-customers cannot earn credits. Receivers must not be existing customers and enter the referral code during application.

Fee Credits follow specific qualification and redemption rules detailed on the bank's Fee Credits Program page. Accounts require funding within 60 days or face automatic closure. Product availability depends on geographic location or mobile carrier. Maximum referrals per customer code is 5,000, subject to change. Eligibility determination relies solely on bank records. Mobile carrier fees may apply for text messages.

Business-Related Credit Card Services

East West Bank supports small and medium businesses (SMBs) with credit card services, including merchant accounts for accepting payments. Benefits include attracting customers, increasing sales, building business credit, and fraud protection. Funds from credit card purchases deposit into business accounts within days.

Consumer Review Insights

Verified reviews total 4,773,172 on a consumer platform, requiring contact information and moderation for integrity. Filters show varied ratings, with popular mentions of rewards and payment flexibility, contrasted by service delays and rates.

Conclusion

Promotional offers for East West Bank credit cards encompass cashback rewards, time-limited fuel discounts, cash conversion facilities, referral fee credits, and business payment solutions. Eligibility varies by card type, region, and promo period, with terms excluding certain transactions or requiring digital applications. Official bank sites and permitted promotions provide primary details, while user reviews offer experiential context.

Sources

1. East West Bank Credit Cards Reviews
2. EastWest Visa Platinum Credit Card Wins Best Credit Card for Cashback
3. Hit the Road with Extra Savings P700L Off for All Eastwest Credit Cardholders
4. Insta-Cash 0.55% for 60 Months
5. How to Use and Accept Credit Cards for a Small Business
6. East West Bank Referral Program