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Eastwest Bank Credit Cards
A credit card is a convenient tool for paying for the important things in your life. There are so many credit cards to choose from in the Philippines; it is important that you consider your family’s basic needs as well as your budget. EastWest Bank is one of the credit card providers in the country offering rewards cards that you can use to your advantage.
There are several types of EastWest Bank credit cards: the Practical Credit Card, the Dolce Vita MasterCard, and the Platinum MasterCard. There is also the basic EastWest Bank Credit Card, the basic credit card offered by the bank. Users are provided with privileges such as limitless rewards and complimentary features such as free life insurance protection, free family accident and dismemberment protection, and free hospitalization reimbursement benefit. If you happen to get the EastWest Bank Gold Credit Card, you get free travel accident and inconvenience insurance.
Like other credit cards, EastWest Bank also gives rewards to its users. For instance, having its basic credit card qualifies you to one rewards point for every 100 Pesos charged to it. When you accumulate enough rewards points, you can convert them into Rewards Vouchers for buying merchandise or you can exchange them for gift certificates with partner establishments.
Special credit cards
EastWest Bank also offers special types of credit cards for unique and specific uses. For instance, its Dolce Vita MasterCard is specifically tailored for women with features such as free annual Pap smear, free cancer life shield, Dolce Vita charms, free maternity reimbursement benefit, and free annual mammogram or ultrasound.
Which EastWest Bank credit card is best for me?
You can learn more about EastWest Bank Credit Cards by visiting the nearest EastWest Bank branch in your area or by visiting its official website. If it is your first time to own a credit card, consider the EastWest Bank Practical Credit Card because it offers the easiest monthly payments with low monthly interest rates, and it also offers a flexible way for you to pay for your membership fee while giving you essential rewards everyday. Alternatively, you can choose the EastWest Bank Credit Card (Visa or MasterCard Gold) if you want to use a credit card for your family’s needs.
Featured Credit Cards:
- Pay for just Php2500 annual for your membership card
- Get cash advance service fee of Php300 or 6%, whichever is higher!
- Enjoy 53 interest free days and just 3.50% finance charge
- Transfer your balance with just 1.25%
- Convert your rewards point with FREE miles!
Should you let your kid have his own credit card?
Fact: there is already an increase of teens and college students who have their own credit cards. Credit card companies now aim on the two groups since they are the ones who spend more money than adults.
Educate your child on how to manage spending with a credit card. Parents an even use instances in the present state of affairs as an example to discuss to kids the pros and cons of credit cards.
Smaller credit limits are usual with these types of cards and while it may be easy to apply for one, credit card companies charge large interest rates and fees to the teenage credit card holders.
People who are below 18 are not legitimate in obtaining credit cards without the consent of their parents. Unfortunately, some kids fill out forms and receive credit cards without the knowledge of their parents. To avoid this, talk to them and help them realize the importance of beginning a solid credit history with their first card. Emphasize that it is of utmost importance to their future.
As a parent, start by reading the guidelines with your child. Make sure you call to attention all the terms written on the fine print. Avoid coming to the rescue if the bills get way out of control. This will teach him to be responsible in handling his money. A credit card spent by a teenager and paid by his parents initiates bad credit habits
Let the child bear in mind that his credit card sho uld be used in emergencies only. Monitor ALL his spending activities. Some credit cards even allow the parents to create their own credit limit for the supplementary cards. This is very logical especially if you are too busy with your career.
Parents can help their kids spend sensibly with the correct use of credit cards. At this early stage, it is better to prepare them in the reality of life by teaching them not to abuse its benefits.