Click which applies to you to learn more about how your Minimum Amount Due is computed:
- Paying Minimum Amount Due On Time when you still have Remaining Credit Limit
- Paying Minimum Amount Due On Time without Remaining Credit Limit
- Missed Paying your Minimum Amount Due for 1 month
- Missed Paying your Minimum Amount Due for 2 to 3 months
- Missed Paying your Minimum Amount Due for more than 3 months
Paying Minimum Amount Due on Time When You Still Have Remaining Credit Limit
When you pay your Minimum Amount Due on time, you will still be able to continue using your GCredit as a payment option without incurring penalties as long as you have not used the full amount of your GCredit limit. To know more about your bill, visit Where do I see my Minimum Amount Due?
Here is a sample computation of your Minimum Amount Due:
Your Minimum Amount Due for this billing cycle is PHP 200. When you pay your Minimum Amount Due, your remaining credit limit will be replenished by PHP 150, which is 15% of your unpaid charges.
Paying Minimum Amount Due on Time without Remaining Credit Limit
When you pay your Minimum Amount Due on time but you do not have remaining credit limit left, you will not be able to use GCredit as a payment option anymore until you repay your unpaid charges.
Visit How does Minimum Amount Due affect my GCredit Limit? To know how to find your remaining credit limit.
To continue using GCredit as a payment option, you can do any of the following:
- Pay your Minimum Amount Due so that you can start using GCredit again
When you pay for your Minimum Amount Due, your GCredit limit will refresh to the
amount of your unpaid charges.
- Pay your GCredit dues so that you can settle the amount that you need.
When you pay your Minimum Amount Due on time but do not have remaining credit limit, you will also not incur any penalty fees. This means your Minimum Amount Due will only be 15% of your unpaid charges plus interest for the current billing cycle. Here is a sample computation of your Minimum Amount Due when you’ve hit your credit limit:
Your Minimum Amount Due for this billing cycle is PHP 2,000. When you pay your Minimum Amount Due, your remaining credit limit will be replenished by PHP 1,500, which is 15% of your unpaid charges.
Missed Paying your Minimum Amount Due for 1 month
If you have missed paying your Minimum Amount Due on or before your due date, you can still pay the Minimum Amount Due within 60 days of the said date to continue using GCredit. However, you will incur penalty and interest charges and be subject to auto-deduction.
Your Minimum Amount Due will be 15% of your unpaid charges plus interest, penalty charges, and your unpaid Minimum Amount Due from the previous billing cycle. Here is a sample computation of your Minimum Amount Due:
Your Total Minimum Amount Due for your current billing cycle (60 days borrowed) is PHP 600 (Total Amount Due at 30 Days + Total Amount Due at 60 days). Your Minimum Amount Due increased because of your penalty and unpaid Minimum Amount Due from the previous billing cycle.
When you miss paying your Minimum Amount Due:
- GCredit will be deactivated
- Charged additional penalty charges
- Accumulate interest charges
- Auto-deduct your wallet balance
To learn more about how Auto-Deduction works, visit FAQs on GCredit’s Auto-Deduct Feature.
To learn more about how Auto-Deduction works, visit FAQs on GCredit’s Auto-Deduct Feature.
Missed Paying your Minimum Amount Due for 2 to 3 months
If you have missed paying your outstanding dues on or before your due date, you can still pay the Minimum Amount Due within 90 days of the said date to continue using GCredit. However, you will incur penalty and interest charges and be subject to auto-deduction.
Your Minimum Amount Due which will be 15% of your unpaid charges plus interest, penalty charges, and your unpaid Minimum Amount Due from the previous billing cycle. Here is a sample computation of your Minimum Amount Due:
Your Total Minimum Amount Due for your current billing cycle (90 days borrowed) is PHP 1,100 (Total Amount Due at 30 Days + Total Amount Due at 60 days + Total Amount Due at 90 days). Your Minimum Amount Due increased because of your penalty and unpaid Minimum Amount Due from the past 2 billing cycles.
When you miss paying your Minimum Amount Due:
- GCredit will be deactivated
- Charged additional penalty charges
- Accumulate interest charges
- Auto-deduct your wallet balance
To learn more about how Auto-Deduction works, visit FAQs on GCredit’s Auto-Deduct Feature.
Missed Paying your Minimum Amount Due for more than 3 months
When you still have outstanding GCredit dues after 90 days (or 3 months) past your due date:
- Your GCredit account will be revoked and you will no longer be able to use GCredit as a payment option even after you settle your outstanding dues. This amount will be deducted from your GCash wallet automatically as well.
- Your outstanding GCredit dues will still be subject to GCredit’s Auto-Deduct Feature