I’d like to live a cashless life. Seriously, I mentioned to my husband last month that I will only use GCASH or PayPal for any transactions or my UnionBank EON (this is not a sponsored post, btw). But seriously! I hate bringing cash, and I think we will be able to live our lives without cash. I want to challenge myself and I think I will be able to survive a week without cash. I will start tomorrow and I hope you can follow my journey starting tomorrow! I will document it via my Facebook (http://fb.com/mommyginger) and Instagram stories (http://instagram.com/gingerarboleda)
Today though, I’ll be sharing with you this new feature of GCASH (again, this isn’t a sponsored post). Just found cool that they have this!
As you may know, GCASH is a produce under a company called Mynt. Aside from GCASH, Fuse lending (a micro-lending company) is under Mynt. So these two basically combined forces to launch GCredit. GCredit is a credit limit available on the GCASH app which may be used for your payments and purchases. Example, after scanning the QR codes of your favorite merchant, the app will ask you if you will pay via your GCASH money or GCredit.
You will need to activate your GCredit first and this “activation” is available when you use your GCASH app frequently for purchasing, loading and paying bills.
Now, how do you compute for interest. It’s very straight forward: [amount borrowed x 5% interest rate x (# of days borrowed / 30 days)].
You’re credit limit can be increased based on frequency and amount of transactions that you make. Credit limit starts at Php 1000 and can increase to Php 30,000.
I also get some inquiries on how to transfer GCredit to GCash Wallet. For this, there is no way of doing so. GCredit acts like a credit card where you have a balance that you can consume as a loan. For GCash Wallet, it serves as ready cash that you can use.
Another question is how to use GCredit to Buy load. For this, it’s not really related to GCredit but there is an option to borrow load when your GCash Wallet is Zero. Choose the load combo you need. The app will send you a text message for the borrowed amount. You will need to fund your GCash account with the borrowed money before the due date and GCash will automatically deduct this amount from your wallet.
Hope these other FAQs help!
Check out this feature and let me know your thoughts on this! 🙂
For more information, you can visit this: https://fuselending.com/gcredit/faq/
safe to use po ba ito?
anyway thanks another options din ito.
Author
Yes, this is safe to use 🙂 You’re welcome!
I have my GCredit approved for almost a month now. Have not used it yet coz I dont know how. Too shy to ask if they accept GCash. Any store recommendation?
Author
If you see the GCASH QR codes in stores, you can scan that and then either pay using GCASH balance or GCREDIT 🙂 The App will ask you 🙂
Hi pag po ba hindi mo nagamit ang Gcredit machacharge po ba kayo? Dapat din po bang maubos mo yung limit mo? Thanks
Author
No, they won’t charge if you haven’t used any credits 🙂
hello po. meron po akong credit limit na 5k. paano po kung hindi ko po sya nagamit lahat .. knwari po nakagalaw lang ako ng 2k sa gcredit. tapos may natirang 3k pa po sa gcredit.. babayaran ko parin po ba ung kabuuan n 5k ? kaht hindi ko naman po nagamit lahat bago mag due date? salamat po sa sagot..
No, you won’t po. You will only pay for what you have used.
HI, naapproved po ako ng 2k gcredit. Do I have to pay for it ba kahit di ko sya magagamit? I mean andun lang po sya sa credit tab ng gcash. Thanks po sa pagsagot.
Thank you for the blog. Learned a lot.
Author
You’re welcome 🙂
Thanks for this Ginger! Ganda! So this is a Credit Card capabilities of Gcash. Interest rate applies when you dont get to pay within30 days Very informative!
hi can i use my husband’s gcredit?
Author
Hi Chay! I guess if he allows you to use it. “Credit” will be under the account holder. 🙂
Paano ba bumili load gamit gcredit
pede po ba hindi gamitin ang gcredit kahit may gcredit line ka?
Ms. GINGER can I ask if pwede ko po ba gamitin ang gcredit sa puregold even without gcash balance?
Author
Hi! As long as they accept GCREDIT and you have unused GCREDIT balance 🙂
How many GScore do you need to activate GCredit?
I currently have 509, but it’s still saying not available.
Please advise.
Author
Hi Anvil! 🙂 I checked with them and right now, since GCredit is still on beta phase. Only selected users have access to the product. Beta phase means that the company is still testing out the product across different kinds of users from specific areas. Don’t worry though! They mentioned that soon more and more users will be having access once the product is off beta. Just keep on using GCash to increase your GScore and be eligible for GCredit! 🙂
When my gscore reach 403 they gave me a gcredit of 1,000
hi paano po ipakansel yung gcredit .gusto ko sana ipakansel ung gcredit ko .
Author
Hi Mark! What you can do is just pay any unpaid credit for your GCredit and just don’t use it anymore 🙂
pwede bang Icash out ang GCredit limit parang credit card cash advance?
Author
Hi Rosemarie! I think diretsyo lang sya to purchase something 🙂 Can’t be withdrawn as cash 🙂
You may withdraw if you buy the GCash Mastercard (P350) though.
No because your Gcash Card withdraws from your Gcash wallet, not your Gcredit wallet which is essentially separate
Is this true?
Author
Hi Laidi! If you’e question is “is this reliable?”, i’ve only used it once, so maybe the others here can jump in and share their experiences, too. But with my initial use of GCredit, it worked 🙂
i have used it paying my Meralco bill. I was actually surprised because my initial Credit Limit is Php 10,000
Author
Oh wow! Thanks for sharing Liz. You must have a really good credit score. 🙂
really? ayaw ma withdraw nung tinry ko
Author
Hi Maryah! GCredit is a credit line and you cannot encash it. It works like a credit card where you can use the balance that you still have to pay for purchases online. 🙂
pwede b ko mag grocery s supermarkets using gcredit? kng pwede ppano?
Author
Pwede basta they accept GCash as payment 🙂 so when you scan the QR code, the app will ask how would you like to pay. You can choose GCredit 🙂
Hi! This is very helpful as I was just approved for GCredit!
If magbayad ako ng mas maaga, babalik ba agad ‘yung limit ko?
Thanks!
Author
Let me know ha what happens! 🙂
Yes. Babalik siya agad.
Yes, kaka-try ko lang. Bumalik siya agad kahit hindi pa tapos billing period. So bale interest na lang babayaran mo sa due date.
Once I purchase today Dec 12. Then tomorrow, interest rate will already apply. Is my understanding correct? Thanks!
Author
Yes, it’s 5% for 30 days 🙂 so automatically (i think) you have 5% na interest rate 🙂
Ask ko lng po kapag di nagamit ung gcredit may babarmyaran pa rin ba ako? Maximum of 1000 kase balance ng GCREDIT KO
Author
Hi Jack! If you did’t use it, you don’t have to pay anything 🙂
Like wala syan annual fee like credit cards?
Author
No, you don’t need to pay annual fees 🙂
Mam if d xa pd mwithdraw as cash anunanu po kaya ung pd nia ipurchase. As direct payment c gvredit. Pd po kaua sa cp? Ae
Author
before the pandemic, you could use it in stores. Scan lang the QR code. Not sure ngayon kung saan sya pwede gamitin 🙂 Now that we are all at home and we hardly go out 🙂
Hi Interest may apply if you will pay your used up gcredit beyond the cut off date. But if you will pay before the cut off date, there will be no interest.
Pede ba ito icash out or itransferf
pa help naman po, magamit ko n ung g credit ko kaso ndi po ko alam pano ko babayaran ung nagamit mo pra ndi n lumaki ung interest ko, Pls patulong nman po saan ako dpt magbayad at paano po. thank you s sasagot.
Author
Hi Shey! You have to cash in sa GCASH so that you can pay via GCASH credits. You can go to 7/11 to cash in or add to your GCASH Credits. 🙂
Hello! Good day. Bakit po hindi nag iincrease yung gscore ko? Lagi naman ako nagloload and pay bills. Ano pong problem dun?
Author
Maybe you can message the GCASH team 🙂 Dapat it should increase 🙂
Can i cash out the g credit?.
Author
Hi Jayson! No, you cannot cash it out 🙂
Hi Ms Ginger,
Can we use Gcredit for pther billers such as paying credit card bills/ institutions? Thanks in afvance
Author
Hi Jessie! From what I know, right now, you can’t use it for other billers. 🙂
Save money then invest. Automatically unlock gcredit mo.
hi pwd bang i send ang gcrdit money mo sa other gcash account?tnx
Hi, can we use Gcredit to buy load?
Author
I haven’t tried it for load 🙂 I’ve tried it lang for payments in stores because it presents the option once you scan the QR code of the merchant 🙂
Hi Ginger, bakit yung gcredit ko insufficient fund kahit may 3000 credit balance pa ako. Ano kayang gawinko para di sya magsabi ng insufficient which is not true as i have still a credit balance of 3k remaining. Pls help me. pls send your reply to my mobile 09956754107.
tnx
willy
hi ,what if nabayaran Kuna u g GCREDIT balance ko then how many days before makapag Credit or Gamit unit non miss ? Kasi walang info. .. SA iba eh Salamat hope your reply
Author
Hi Precious! From what I know, once you pay, your credit limit goes back up again so you can use it again 🙂
Hmmm qualified na po ako sa gcredit application but di ako makapag process kasi wala po kasi kaming landline sa bahay kaya wala akong mailagay , Ano pong pwede kung gawin maam . TY PO.
You can leave it empty. 🙂
what happens if i dont pay the gcredit that i use in due date?
san ba magagamit ang gcredit? pwede ba electronic payment? pwede ba buy load using gcash apps.. newly approved lang kasi ako.. and curious lang
Hi Ms. Ginger,ask lng po,,,what if dko nmn ipurchase c gcredit qo wala nmn po guro akong bbyadan not unless i used it to purchase…right…tenks😉
Author
Hi Yasilad! Yes, you don’t have to pay anything unless you use your credit 🙂 Para syang credit card 🙂
Hi I couldn’t understand the payment. Is it 15 days after billing date or 30 days?
Hi my balance pko s gcredit kaso dko mgamit ksi lumalabas wala dw ako gcash balance..kelangan b mei laman c gcash para mgamit c gcredit?thanks
Author
Hi Liezly! 🙂 I don’t think you need GCASH balance to avail GCredit. But double check narin with their customer service. 🙂
When do is actually my due date or yung bayaran for the credit? Is it 15 days after billing date or 30 days? Becayse I am a bit confused.
Author
Hi LJD! 🙂 There will be a reminder naman in the GCASH application too 🙂
What if I don’t use the credit for months? What happens? Do I still need to pay sonething
What if I don’t use the credit for months?Do I still need to pay sonething
How many hours po bago mo makuha ang gceedit after applying?
Hi. What if I did not use my g credits. Do I have to pay it pa ba?
Thank you!
Author
No, you don’t have to pay anything if you don’t use it 🙂
Hi pwede po b makamit ang gcredit pang bayad sa gasoline station meron pong gcash mastercard
Author
Hi Red 🙂 I think you can only use the app for GCredit 🙂
Hi. What if hindi ko nagamit ang na-avail ko na gcredit? Like yung 2k na na-grant sa akin e hindi ko ginalaw hangang mag-due?
Thanks in advance..
Author
Hi Kuya Joey! Nothing will happen if you don’t use it naman 🙂 Wala namang charge sa’yo for that 🙂
Thank you very much for taking time to answer my query. God bless po..
Pwede kaya cash in sa mga 7/11 tapos pay qr gcredit ung gagamitin
Paano po ang matrix ng gcredit kase i have 490 gscore yet i have only 1000 gcredit? Im always paying bills like electric,internet, and credit card thru gcash including load worth 5k monthly. But u have 3000limit with 525gscore? A bit unfair.
Author
Hi! Maybe you can check with GCASH Customer service why this is the case 🙂
Hi Ms. Ginger,
Pwede q po b i cash out yng gcash credit q? Approved po kc aq ng 2k. Hope you reply po. Thanks!
Author
Hi! 🙂 You can’t cash out the GCREDIT amount po. This is what you can use to purchase items na may GCASH QR code. It works like a credit card 🙂 you need to pay it later on with interest 🙂
Ask ko lng po kapag di nagamit ung gcredit may babarmyaran pa rin ba ako? Maximum of 1000 kase balance ng GCREDIT KO.
Hi there! I have a concern though, what if I don’t want to use Gcredit anymore? I have tried it once, and already paid for the whole amount before the due date. But this time, I don’t want to continue using it, so what should I do. Thank you, looking forward to your response.
Author
No need to worry or do anything. Just leave it like that 🙂
Ask ko lng po kapag di nagamit ung gcredit may babarmyaran pa rin ba ako? Maximum of 1000 kase balance ng GCREDIT KO
Can i withdraw cash from gcredit now? Like cash advance? Kc when i tried to withdraw using my gcash mastercard there were 3 options… sa atm machine.. gcash, gsave or savings, then gcredit. Gusto ko sana i try kaso baka magkaproblema.
Author
Hi CZ! There is no cash advance for GCredit kasi 🙂 You can only use it for paying merchants na partner ng GCASH 🙂
I had already pay my Gcredit balance early on or before the due date of the transaction but why is it that my Gscore were decreased by -5 a day from 482 pts. become 477?
Ginagamit ko palagi gcredit ko. Binabayaran ko agad after a week or 2 weeks pero Wala namang interest. Ganun ba Yun kapag magbayad agad? Ginagamit ko siya for months now. Once lang ako nakapagbayad ng me interest, Yung umabot ng 3 weeks bago ko babayaran Yung credit mo. Thank u sa sasagot.
Hi. Pano po ba gamitin ang Gcredit to pay loan?
Author
Hi Ivy! You can’t use GCredit to pay a loan. GCredit is also a loan (used like a credit card).
hello!nag apply po ako ng gcredit,at na approve sya, paanu po kung di ko sya ginamit, pwedi bang e apply sya ulit in near future para mas lumaki????or kilangan ko talagang e use muna bago ulit mag apply???
salamat po sa sagot
Author
Hi Charmie! The frequency of use kasi and paying it off after increases your credit score. So if you want the credit limit to increase, use it often then pay it off. Tataas sya if you show that you are a good payor 🙂
madam pwede ko ba gamitin ang gcredit sa pag cash in ng gcash?
Author
Hi Joseph! I don’t think that you can do that 🙂
Hi maam, pwede ko ba maipurchase sa lazada yung gcredit ko? Pakisagot po plssss..
Author
I think you can only use GCASH balance and not GCredit for Lazada 🙂
pwede ba magamit ung gcredit kahit walang lamang ung gcash ko thank you
Hi ask ko lang po , july4 -aug4 ang billing date ko .. Aug20 ang due date q . nag bayad na. Q kahapon pwede ko na ba ulit gamitin ung gcredit q .. Hndi na ba ko maghahabol sa due date q na mabayaran ung 1k credit q ?
Hi Miss i accidentally activate my gcredit in gcash. My my application was approved me 2000 pesos gcredit limit.. if i didnt use my gcredit for a amount up to the due date.. will i have any penalties or i will be charged?because im a worry.thanks
Author
Hi Larence! If you don’t use it, you don’t need to pay for anything 🙂
Kung 500 po yung pinagbayad ko sa online shopping magkano madagdag ng gcredit or gscore??
Author
Hi Sherwin! From what I understand, it’s not the amount of the payment but the frequency of usage that can help increase your GScore 🙂 Basically, how often you use the app using different features 🙂
Hello po ask ko lang po kung pwede bang gamitin ang gcredit as payment like sa mobile phones , Gadgets ,or appliances
Hi miss Ginger ! I just want to know if i can used my GCredit to send money like to my parents or transfer my GCredit to my bank account and pay it before due date? Would that be possible?
Author
Hi Geraldine! You can use it for funds transfer to other people. Right now, you can only use it to pay for products from partner merchants or some billers 🙂
Hi. So payable in 30 days po yung gcredit from the day ginamit mo pambayad? Is that correct? Thanks for enlightening me up.
Author
Hi Rachelle! Yes, that is correct 🙂
I try to use it in Puregold supermarket but they are the one who will scan the qr code and i need to generate it, in that case, i dont have any option for payment if gcash wallet or gcredit. I don’t know why.
There’s an option on the gcash app “Pay QR” and it will generate a QR code.
Hi if I didnt use my gcredit, Will it still impose interest rate?
Author
Hi Kel! There will be no interest if you didn’t use it 🙂
Hello. Can I use gcredit even if I dont have balance in my gcash account? Thank you 😊
Author
Yes, you can 🙂 Just as long you see a “limit” in GCREDIT. That’s your credit limit 🙂
I’ve been trying to search Wats the GCredit score to have 30000 limit?
and fastest way to build score?
Author
I think it’s really when you use the app a lot 🙂
Hi maam, pwd ko po ba magamit yung gcredit ko pan purchase ng product sa lazada?? Pakisagot po, thanks…
paglate ba ko ng bayad kahit isang araw babalik din ba yung gcredit limit ko..?? nalate kasi yung padala..
Good day, I kind a late for 1 day but I process my payment for the whole amount of my bill. Credit limit already back into line but when I tried to make purchase and used gcredit it is already unavailable and use another payment method. Help me understand what’s happening po. I tried to call csr but they just told me that they will create a ticket but days already passed by, it still not fix.
Author
I’m not sure what happened. They may have locked your account for not paying on time. But once you pay, it should be up and running again 🙂
How do I increase my credit limit? And for example, when I reach the 30,000 credit limit, does it work like credit cards regarding payment installments?
Author
Hi Ray! Just use the app often. This will increase it. Saving also in GSave and GInvest help. The Gcredit works like a credit card so if you reach a Php 30K limit, it will still work but only to the extent of your limit. Can’t be na beyond that.
Thanks! You’ve been very helpful!
I tried my gcredit when I bought a coffee but it wasn’t working..it says I don’t have enough balance but I still have 1000 credit limit..can u help me how to use it?
Hi, just wanna ask how long will the gscore increases? I have already transactions about 5k and hindi po nagrereflect on the gscore 🙁 hope to get an idea.. thank you 💙
How can i buy load using my gcredit limit?
Hi, i paid my bill before the due date and my credit limit is already back in line. Can i use it already even if it is not yet my due date? When will they refresh my billing date? thank you
Author
Yes, you can uses it once your credit is back 🙂
Hi. Pwede ba magcash in sa gcash using gcredit? Thanks
Author
Hi Joever! 🙂 What do you mean Cash in po using Gcredit? 🙂
Can we use gcredit to buy load?
Author
Hi Rie! 🙂 You cannot 🙂 You can only use the money in your GCASH wallet 🙂
good morning, ask ko lng po ngbyad ako s 7/11 pra s gcredit kasi di ako makapasok s gcash [gcredit ] app pra magbyad . sa fuselending ako ngbyad . pero bakit kinaltas parin s gcash account ko? na double na yung bayad ko. pls help. mababalik pa kaya yun?
Hi Ginger, bakit yung gcredit ko insufficient fund kahit may 3000 credit balance pa ako. Ano kayang gawinko para di sya magsabi ng insufficient which is not true as i have still a credit balance of 3k remaining. Pls help me. pls send your reply to my mobile 09956754107.
tnx
willy
Hi. Can you pay your GCredit on an installment basis? I mean if you have like 2000K Limit, then used 1500. Can you pay 500 now then after a week or two another 500? Thank you!
Author
Yes, you can do that 🙂
Hi. Medyo nalilito po ako sa interest rate. Kunwari naconsume ko ung 3k limit ko in a month and ang due date ko is September 20. 3k din po ba babayaran ko sa September 20 or may additional na interest na po agad? O saka lang po magkaka-interest kung September 21 na ako makakabayad? Please enlighten me po. Thank you.
Author
Hi Karen! 🙂 The 3K that you consumed will have interest na 🙂 Really works like a credit card na when you pay on the due date, it’s the base amount plus interest 🙂
ginger, do you know how does gcredit count one day regarding the interest kicking in? is it strict that the transaction should be 24 hours long of not being paid back for the interest to take effect, or it does not matter, when the day change to the next day even if it’s just a few hours away there is already an interest?
in my experience in testing gcredit regarding incurring interest, it’s the latter…the change to the next day regardless if it took 24 hours or not. when i tried to pay back a transaction with in a few hours of the same day there is no interest, but with a transaction that is below 24 hours old but has crossed to the next day and been paid back there is an interest that showed up on the monthly statement.
how about you?
Author
Hi Carl! The computation is prolly based on the date since “maybe” the algorithm for their application uses the date. So if you borrow at 9pm today and pay it back 1:00 am tomorrow, they use the date instead of the duration so that’s plus one day already 🙂
hello, ask ko lang, after due date, kung wala naman akong outstanding balance s gcredit eh pwede b agad ulit magrequest ng new credit immediately????
Maybe this is unrelated only if you have an idea on how it works, paano if ako yung merchant then mag babayad sila sakin using Gcredit, will i receive it as an additional balance to my wallet. Planning kasi ako kumuha ng qr.
pwede po ba gamitin ang gcredit for online shopping? if so, how po? is this kind of payment scheme already applied to major players like lazada and shopee? thanks po 🙂
Nid PO b I consume lht Ng credit balance? Or ung amount Ng naconsume lng bbyran?
hello Ms. Ginger!
I just want to know if I can use Gcredit in oaying my grocery eventhough I dont have big amount of money on my gcash wallet. ?
Thanks for the time
Author
Hi Angelina! Yes, just as long as your GCredit limit can accommodate 🙂
Ask ko lang po, nag bayad na po kase ako sa gcredit kahapon kahit hindi ko pa due, tapos ginamit ko ulit yung gcredit ko kahapon din ano po yun need ko na sya bayaran ngayon due date ko or reset po ulit yun?
Tanong kulang po,, dati po nagagamit ko ang gcredit ko,, bigla nlang hindi pwedi,, anopo kaya pwedi gawin,, tanong lang po salamat po
Author
It might be na bumaba ang credit score mo? It might be best to contact GCASH to know exactly what happened 🙂
Hindi nman po bumaba mam meron papo ako gcredit n ayaw lang po,, saan puba pwedi tumawag at mgtnong po mam salamat po sa pasagot
Author
Just go to GCASH.com then they have a Help Center there. You can submit a new ticket 🙂
My gcredit po ako n 3000 triny ko xa s 7/11 at mercury drug pero ayaw po bakit gnun
Bakit po dko mgamit gcredit ko n 3000 triny ko s 7/11 at mercury drugs ayaw po
Author
I’m not sure 🙁 Maybe you can check with GCASH. They have a help center po 🙂
Have one question about GCredit, out of curiousness lang I tried to apply for GCredit then it was quickly approved in seconds. Now, I don’t have plan to use it in unnecessary things namn, worry lang ako kase hindi ko sya gagalawin pero “Do I still get charged and need to pay the interest after a month? Sorry for those who found this irritating question, I’m just being careful. Thank you for the respect.
Author
If you don’t use naman for any purchases, there is nothing to pay for 🙂 It basically works like a credit line… the amount there is how much you can use then pay mo lang 🙂
Thank you Ms.Ginger. It helps me enlightened.😊
Pag magbayad ba ko Gcredit, mgkakaooffer ulit ako? Revolving credit po ba sya?