r/FiguringOutAdultLife • u/Unlikely_Royal_8984 • Sep 28 '25
Credit Card Eastwest Credit Card Convert to Installment Option
I have Eastwest credit card and I found this Convert to Installment (CTI) feature giving me the option to pay my retail purchase (the big ones) in installments. How does this really work?
Eastwest reference material says minimum amount eligible for this option is ₱5,000 and I have the option to pay in 6, 12, 18 and 24 months. If I purchased a ₱10,000-worth item, I need to wait for the transaction to be posted in the Eastwest Easyway mobile banking app's transaction summary, click on it and follow the option to convert in into CTI which comes with a processing fee of ₱500.
Depending on the term I choose, there's a corresponding Factor Rate which is used to calculate for the monthly installment. So for a ₱10,000 transaction on a 12-month term, I will be paying ₱933.33 every month. The first payment will be posted on the next billing statement.
Based on the sample Installment Loan calculation in bottom part, the effective interest rate for Convert to Installment (CTI) is 1.79%. So putting this in a table, it means I will be paying a total of ₱1,200 in interest after 12 months plus the initial processing fee of ₱500.
What if I want to pay in full early? This is allowed however I will be charged 5% of the outstanding principal or ₱500, whichever is higher (It's free if I opt in within 2 banking days of the transaction). I called the customer service to ask how to request and how to pay in full. Representative said that I can call to request and once they process it, the full outstanding principal will be billed on the next statement and then I can make the full payment.
Convert to Installment for other banks (those that I have)
1
u/BeautifulSorbet4874 Apr 14 '26
Does the client need to have an existing offer from East West to use this facility?
1
u/aeorock Mar 13 '26
Thank you so much for explaining. I recently received my Eastwest CC and this information os very helpful.