Eastwest formally announces their strengthen partnership with Visa by introducing their competitive 8.88% cashback Visa Premier Credit Card. While other credit cards just offer around 3-5%, this one is astonishing at 8.88%
Breaking down the details
While the cashback rate is high at 8.88%, there is a monthly cap of Php1,250 for you to enjoy. We broke down the details and you need to spend Php14,100 a month to maximize the savings, so if you can maximize the you expenses with this card…you can have savings of Php15,000 per year.
EastWest Pay App
Additionally, Eastwest announced their PH first service to pay via Android phone NFC using the EastWest Pay App. The service can now let you pay wirelessly, securely and without using your credit card.
This service is very similar to the popular services like Google Pay and Apple Pay, but Eastwest fronts that this service is very localized with fast reflection of purchases in your account.
The EastWay Pay App is only available for Android users right now due to platform or OS security disagreements with Apple. All credit card terminals that uses Visa Paywave is compatible to use this service, all you have to do is pair your number to the EastWest Pay app once you got your Visa Credit card.
For context, all NFC engagements with iOS powered devices are facilitated within their cloud services. Due to that EastWest Pay is a banking app, there are security standards that must be met for both device and platform to secure a transaction.
EastWest also mentioned that currently the service is exclusive to Visa with a pipeline to open for other credit cards and even debit card.
This innovation is highly welcomed indeed especially that this kind of technology is technically available for Filipinos, but there is not just any providers strong enough to ignite it. Well, EastWest looks like started a trend now.
