It has been a while since I started seeing “Beta version” and “For selected users only” whenever I would click on the GCredit tab in my GCash app. Few of my friends and relatives who have GCash have had their GCredit working for them when they do QR shopping. I had better GScore on my GCash mobile app than they did but I was quite late to the party. I thought it probably has something to do with the fact that my Globe number has been on international roaming for close to a year now.
Then last week I got a text notification that I have been approved for GCredit.
My sister and cousin had been approved for P2,000 but I had not expected mine to be P5,000.
GCredit is not without its disadvantages – some GCash users who have been known to have regular cash flow coming into their GCash accounts might suddenly stop using it once they can no longer afford to fund their GCredit interest. I have heard a few unpleasant stories about GCash users’ balance being automatically deducted because of their unpaid GCredit interest. As with credit lines, moderation is always key.
For the meantime, its advantage for me is the pay bills part. I can pay my Smart postpaid bill with GCredit. It’s a measly P999 monthly plan which I have not really utilised for 10 months straight. Sending money to other GCash users is not available with GCredit.
How does one get approved for GCredit? Just keep using GCash to pay your bills, buy groceries with the QR Code shopping or top up mobile numbers with it and in no time your GScore or trust score will move up.