Yes! You can pay for your GCredit before your due date by clicking on the ‘Make a Payment’ button inside the GCash app, under the Manage Credit page. This will also replenish your GCredit available limit right away.
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What happens if you don’t pay GCredit?
When you do not pay your dues on time, your GCredit line will be suspended which means that you will not be able to use GCredit as a payment option. You will be charged with additional penalty fees depending on the number of days it took for you to pay your GCredit dues beyond your due date.
Can I cash out my GCredit in GCash?
While GCredit can be used to pay for online purchases and bills, there are currently no ways to use it to transfer money to a bank. It is solely used for payment convenience, including cashless transactions at all GCash QR-accepting merchants, bill payments, and online purchases.
How do I transfer money from GCredit to bank?
First, open the GCash app and tap on the “Send to Bank” icon. After choosing the desired name of the bank, you will provide the receiver’s account name, his/her number and enter the amount to transfer. Click “Send Money” afterward, and you have done the transaction.
How do I pay my GCredit dues?
You can pay for your GCredit dues through our offline partners such as ECPay stations, 7-Eleven and Bayad Center. Visit https://fuselending.com/gcredit/how-to-pay/ to learn more about how you can pay for your GCredit dues.
How much is GCredit penalty?
For 1 day past due, 200 pesos. For 31 days past due, 300 pesos. For 61 days past due, 400 pesos. For 91 and above days past due, 600 pesos.
How much GScore do I need to unlock GCredit?
The app requires a GScore of around 600 to unlock the 10000 credit limit to unlock the feature. You just have to keep on using the cash-in feature to increase your score.
Can I loan again in GLoan after paying?
Customers are only allowed to take out one GLoan at a time. Pay your loan in full as soon as possible to become eligible for your next GLoan! Don’t forget — you may apply for a GLoan as long as you are eligible, regardless of your dues with other products such as GCredit.
How do I increase my GCredit Limit?
Always use GCredit in your transactions such as Pay Bills, Pay QR, Shop Online, and GLife to increase your GCredit Limit. Once you are eligible for a higher GCredit Limit, GCredit will notify you via SMS. Your GCredit Limit will increase automatically and you can view your new GCredit Limit on your GCredit Dashboard.
Why is my GScore not increasing?
Your GScore changes depending on your GCash activity such as your E-wallet balance, Bills Payment, and GCredit Payment Behavior. The more you use GCash, the higher your GScore.
Can I use GCredit to pay Jollibee?
There are over 60,000 stores and merchants that accept GCredit including: Puregold. The SM Store. Jollibee.
Can I use GCredit in gasoline station?
In addition to buying gasoline, GCredit can be used to pay for essentials from GCash QR-accepting merchants or to pay for bills on the GCash app,” said Tony Isidro, GCash Vice President for Lending.
Can I use GCredit in Mcdonalds?
GCredit is accepted by select GLife Food & Drinks partners such as KFC, McDonald’s, Boozy, Bo’s Coffee, Gong Cha and more!
Can I pay GCredit before due date?
Yes! You can pay for your GCredit before your due date by clicking on the ‘Pay for GCredit’ button on the GCash app, under the Manage Credit page. This will also replenish your available GCredit limit right away.
What is GCash credit limit?
GCredit gives you a credit line of up to PHP 30,000 that allows you to instantly pay for your online transactions and your essentials at a later date to over 17,500 stores and billers with no additional requirements needed. A credit line allows you to borrow money anytime to complete your online transactions.
Is GCredit like a credit card?
WHAT IS GCREDIT? GCredit functions like a flexible loan or credit card. You get a set limit of money you can avail whenever you want. If you pay off your previous availments, you can use your maximum limit again.
Is it okay not to use GCredit?
You have the freedom not to use your GCredit. You will also not incur any fees or penalties if you don’t use it. You can also opt not to activate GCredit if you have no plans on using it.
How do you unlock GLoan?
How do I become eligible for a GLoan?
- You must be 21 to 65 years old.
- You must be a Filipino national.
- Your GCash profile needs to be fully verified via the GCash app using any of the following IDs:
- You have a good credit record and did not commit any fraudulent transactions.
- You maintain a good GScore.
How is GScore computed?
Your GScore is computed based on the different activities you do in the app such as your maintaining a healthy wallet balance, Bills Payment and GCredit Payment. Your GScore is the primary basis for you to qualify to use our lending products such as GCredit and GLoan*. *GLoan is only applicable for eligible customers.
Can I pay my GLoan in full?
Yes! You may pay your loan in full through the GLoan feature in the app. You can check the total amount that you need to pay through your amortization schedule or by simply multiplying your monthly due amount to your remaining months to pay the loan.
How do I renew my GCash GLoan?
GLoan
- STEP 1: Log into your GCash Account.
- STEP 2: Tap View All GCash Services on the GCash Dashboard.
- STEP 3: Tap GLoan under Financial Services.
- STEP 4: Tap Get Started.
- STEP 5: Input your loan amount and loan duration, select your Purpose of Loan, then tap GET THIS LOAN.