How to Use GCredit and Transfer Funds to Bank?

How to Use GCredit and Transfer Funds to Bank?

There are numerous ways to use GCredit. You can either use it for online transactions, QR payments, or pay bills. Know how to use it here. LOGO: Gcredit/GCash

Nowadays, there are numerous options for borrowing money via online banking apps such as GCash.

If you have a GCash account, you can easily borrow and loan money via their newest feature, GCredit, which enables active GCash users to pay bills, make online payments, and perform other transactions. To access the said feature, an individual must first have GScore.

GScore is an overall rating or trust score for GCash based on your experience. It increases in proportion to how frequently a consumer uses the GCash app and its features. Having a GScore, however, does not guarantee approval by GCredit.

To obtain GCredit, you must first be an active GCash user with an adequate number of GScore points.

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What is GCredit?

GCredit is the GCash app's official credit line, allowing users to borrow up to 10,000 Php to use in online transactions such as paying for products and services at GCash QR-accepting merchants, online shopping at select e-commerce merchants, or paying bills through the GCash app.

Who is eligible for a GCredit account?

Individuals who wish to open a GCredit line of credit must be at least 21 years old. If they want to use the GCredit feature of the GCash app, they must first have an account that has been fully verified by GCash and meet all of the applicable credit requirements, such as having a GScore.

What is a GScore?

GScore is the score that indicates an individual's GCash app activities whether they are making timely payments on their GCredit loans. GScore is calculated based on the various activities you perform within the app, such as maintaining a healthy wallet balance, paying bills, and paying with GCredit.

Your GScore is the primary criterion for eligibility to use GCash's GCredit feature. The best way to increase your GScore is to use the GCash app regularly.

How I can activate GCredit?

You must be eligible to use GCredit before you can use it, as detailed here. If you meet the requirements, you can activate it by launching your GCash app and then tapping on the "GCredit" logo on the homepage. You will then be asked to enter your email address, personal information, and emergency contact information.

To proceed, after completing the registration form, you must agree to the terms and conditions and then click the "Submit" button. You will be redirected to a screen that states that your GCredit Application was successful.

How to use GCredit?

Once you've been approved for GCredit, you can easily use it by selecting it as a payment option during online transactions such as shopping on e-marketplaces such as Lazada, Shopee, and Zalora. Simply select GCash as the payment method and then use GCredit to pay the required amount (as seen on the image above). 

You may also follow the steps below:

1. Check out the product you want to purchase

The method may differ in different online marketplaces, but using the Shopee platform as an example, you can still follow these steps. In this case, you must first check out the product you want to buy before deciding on a payment method.

2. Select GCash as your preferred payment option

After you've completed the checkout process, you must choose GCash as your payment method. Simply look for the available payment methods and select GCash before clicking the "Confirm" button.

3. Login your GCash account number

After selecting GCash as your preferred payment method, you will be prompted to enter your GCash account number. Enter your 10-digit number (beginning with "9") and press the "Next" button. If you don't already have a GCash account, click the "Register Now" text.

4. Enter the authentication code and input your MPIN

Enter the authentication code you received via the phone number associated with your GCash account and then click the "Next" button. On the following page, you will be prompted to enter your four-digit MPIN.

5. Select GCredit and click on the "Pay" button

After logging into your GCash account, you can proceed to select GCredit as your payment method for online purchases. To proceed with your GCredit purchase, click on the "Pay" button, which also displays the total amount.

Note: GCredit can provide you with a credit line of up to PHP 10,000 and a prorated interest rate of up to 5% (monthly); this means that the sooner you pay your dues, the lower your interest fee will be. Additionally, you can re-use your GCredit if you pay your dues early.

What fees and charges do I have to pay?

According to CIMB, the following late fee charges are included in the total fee charges:

Days Late Additional Late Fee Charges Total Late Fee Charges
1 - 30 ₱ 200 ₱ 200
31 - 60 ₱ 300 ₱ 500
61 - 90 ₱ 400 ₱ 900
90+ ₱ 600 ₱ 1,50


    Due Date -  October 31, 2021
    Payment Date - November 15, 2021 
    Days Late - 15
    Late Fee Charges - ₱ 200

Note: You must pay the outstanding balance shown on the statement before or on the due date. If you do not comply, you will be charged a late fee as well as a finance charge.

Failure to pay the full amount owed (including interest and fee charges) on time may result in your account being blocked until full payment is received.

How to use GCredit for Bank Transfer?

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.

You could instead try a GCash loan to borrow money for other purposes. GLoan is currently only available to pre-qualified users. 

What to do if I fail my credit payment obligations?

Since GCredit is powered by CIMB Bank Philippines, they may revoke your credit facility if you fail to meet your obligations under your credit facilities with CIMB Bank Philippines. Furthermore, the Bank retains the right to demand repayment of all sums owed to the Bank by the Applicant in connection with other Bank-granted facilities.

The Bank may, after giving the Applicant seven (7) calendar days' notice, declare that the loan or any portion thereof that remains unpaid will be suspended, withdrawn, or terminated and that the outstanding balance, together with interest, will be payable to CIMB Bank Philippines seven (7) calendar days after the bank's notice.

The bank reserves the right to deduct any outstanding due amount from customers' CIMB Bank deposit accounts (if any). In the event that you default on your loan commitments with CIMB Bank, the Bank may take legal action against you directly or through other properly authorized representatives, third parties, or corporations.


Today's generation is extremely fortunate because it is much easier to borrow money to make an online purchase or to pay at a merchant store. It's particularly remarkable how quickly it can be accomplished now via online banking apps or e-wallets like GCash that include a feature called GCredit.

GCredit is powered by a well-known online bank in Singapore and Malaysia, which enables us to verify the legitimacy of each transaction. Therefore, you should make it a habit of promptly repaying your debt to GCredit in order to qualify for a larger credit line.

For general inquiries about GCredit, you may contact the following: #2462 (CIMB Customer Care Team hotline available from 6:00 AM to 10:00 PM daily) or send an email to —iTacloban


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