Overview

The Credit Card Reward product from East West Bank offers a competitive rewards structure paired with practical benefits and robust security features. Cardholders earn points or cash back on purchases, with accelerated earning rates in popular categories like groceries, dining, travel, and gas. Earned rewards never expire while your account remains open and in good standing, and redemption options are straightforward so you can use rewards when and how you want.

Key Features

• Flexible rewards currency: Choose between points that can be redeemed for travel, gift cards, and merchandise, or straightforward cash back applied as a statement credit.
• Bonus categories: Higher earning rates in categories such as dining, groceries, gas, and travel to maximize rewards on everyday spending.
• Welcome bonus: Attractive introductory rewards for new cardholders who meet a minimum spend requirement within the first few months.
• Annual fee options: Cards available with no annual fee and premium variants with an annual fee that offer elevated rewards and additional benefits.
• Redemption simplicity: Redeem points online or via the mobile app for travel bookings, statement credits, account credits, gift cards, or merchandise.
• No blackout dates: Travel redemptions through the program do not impose blackout dates on eligible bookings.
• Intro APR offers: Promotional low or 0% APR periods on purchases and balance transfers available on selected card variants.

How It Works

Using the East West Bank credit card is simple: earn rewards with every qualifying purchase and redeem them however is most useful to you. Points accumulate automatically in your account and are viewable via online banking and the mobile app. Depending on the card flavor you select, points either transfer directly into a travel portal for booking flights and hotels or convert into statement credits and other redemption options.

1. Activate and use: Activate your card and make everyday purchases.
2. Earn: Points or cash back accumulate with every transaction; bonus category purchases earn more.
3. Track: Monitor your rewards balance in real time via online banking or the mobile app.
4. Redeem: Choose an instant statement credit, travel booking, gift card, or merchandise.

Rewards Earning Examples

Typical earning structures include accelerated rates for common spending categories:

• 3x points on dining and select streaming services
• 2x points on groceries and gas
• 1x point on all other purchases
• Occasional limited-time promotions and partner offers for additional bonus points

Cash back variants typically return a flat percentage on all purchases and higher rates for select categories such as groceries and gas. Terms and category definitions may vary by card; check the disclosures for qualification details.

Redemption Options

Redeem rewards in a way that fits your lifestyle:

• Travel: Book flights, hotels, and rental cars through the rewards portal with no blackout dates and competitive pricing.
• Statement credit: Apply rewards toward your balance to reduce your monthly payment.
• Cash back: Convert points to cash applied to your account or receive a direct deposit where applicable.
• Gift cards & merchandise: Redeem points for gift cards to major retailers or select merchandise from the rewards catalog.
• Charitable donations: Convert points into charitable contributions to supported organizations.

Redemption thresholds are transparent and often low, allowing flexibility for small or large redemptions. Some premium redemptions may feature enhanced value when booking travel through the program’s portal.

Security & Protection

Cardholder security is a priority. The East West Bank Credit Card Reward includes:

• EMV chip technology for secure in-person transactions
• Zero Liability protection for unauthorized purchases made with your card
• Fraud monitoring and alerts to detect unusual activity
• Secure online access with two-factor authentication for account management
• Emergency card replacement and travel assistance services for qualifying accounts

Fees & Rates

Product variants offer a range of fee structures to match different needs. Common considerations include:

• Annual fee: Options can include no-fee cards or cards with an annual fee that unlock enhanced rewards and premium benefits.
• Purchase APR: Competitive variable APRs apply to revolving balances; promotional APR periods may be available.
• Balance transfer fee: A customary fee may apply to balance transfers and promotional offers.
• Foreign transaction fee: Some cards waive foreign transaction fees—useful for frequent travelers.

All rates, fees, and terms are provided in the cardholder agreement and disclosures at account opening. It is important to review those disclosures carefully to understand the full cost and benefits of the selected card.

Eligibility & Application

Eligibility generally depends on creditworthiness, income, and other underwriting criteria. The application process is streamlined and designed to provide a clear decision in a timely manner. Applicants will be presented with the full terms, including APRs and fees, at the time of application. Approval requirements and promotional offers may vary by product and from time to time.

Tips to Maximize Rewards

• Use the card for categories that earn bonus points to accelerate accumulation.
• Take advantage of introductory bonuses by timing large, planned purchases in the qualifying period.
• Monitor limited-time promotional categories and enroll where required to receive bonuses.
• Combine rewards redemptions with travel planning to extract higher value from points when booking through the rewards portal.
• Pay balances in full each month where possible to avoid interest charges that can offset reward value.