How GCredit Works

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 ( and Instagram stories (

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: