Enjoy 0% interest on installment for up to 12 months on purchases over Php 3,000 at Rustan’s using your EastWest credit card.
Eligible cards
The promo is open to all EastWest credit cardholders (”Cardholders”) in good credit standing.*
Cardholders can avail of 0% interest on installment for up to 12 months at Rustan’s:
| Payment Term | Minimum Purchase Requirement (single-receipt) |
|---|---|
| 3 months | Php 3,000 |
| 6 months | Php 10,000 |
| 12 months | Php 20,000 |
The offer is valid at 0% interest on installment for up to 12 months on selected items. Partner merchant has the sole discretion on the amount and term/s applicable for the 0% installment offering.
0% interest on installment sample computation:
Other banks
The same kind of deal, from other banks.
Same bank
| Item Price |
|---|
| Term |
|---|
| Monthly Amortization (Price ÷ Term) |
|---|
| Total Amortization (Monthly Amortization x Term) |
|---|
| Item A | Php 3,000.00 | 3 mos. | Php 1,000.00 | Php 3,000.00 |
| Item B | Php 10,000.00 | 6 mos. | Php 1,666.67 | Php 10,000.00 |
| Item C | Php 20,000.00 | 12 mos. | Php 1,666.67 | Php 20,000.00 |
The 0% interest on installment offer shall apply provided that the Cardholders pay their total statement balance in full.**
The Cardholder's EastWest Credit Card account must be active and current at all times. In the event that the Cardholder's EastWest Credit Card is suspended, cancelled, or not renewed, or should the Cardholder fail to make payments, breach or violate the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards, the remaining unpaid installment amount, as well as the entire outstanding balance of the Cardholder's EastWest Credit Card account, shall immediately become due and demandable.
In case of partial payment by the Cardholder of the installment amount, the unpaid balance shall incur the usual finance charges imposed on revolving balances in accordance with the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards.
If the Cardholder pays the installment amount in full per month but has an outstanding or revolving balance on his/her previous/other purchases or installment availments, his/her EastWest Credit Card account shall likewise incur finance charges.
In case of pre-termination, the Cardholder agrees to pay an Installment Pre-termination Processing Fee equivalent to 5% of the remaining principal balance or Php500, whichever is higher.
All transactions are subject to EastWest’s credit authorization criteria upon purchase of goods/services.
Terms and Conditions for Merchant Installment indicated in the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards shall apply.
*Cardholders in good credit standing are those whose accounts are not delinquent, not under investigation due to suspected fraudulent activities, those whose EastWest credit cards are not reported lost or stolen, and those who have not, otherwise, violated any of the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards.
**Each fixed monthly installment forms part of the total statement balance. Should the Cardholder opt to pay only the minimum payment due, this would include only a percentage of the monthly installment. In which case, an interest charge will be imposed in addition to the applicable interest due on the monthly installment.
For inquiries and feedback, you may chat with EastWest System Tech Assistant chatbot at www.ewlend.com/esta, call the EastWest 24-Hour Customer Service Hotline at +63288881700, or e-mail cards@eastwestbanker.com.
EastWest is regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph
Summarised from EastWest Bank's public promo page. Banks can change or end promos at any time, so check the official page before you pay.
