How to use GCredit in Foodpanda: Order Without Cash

Foodpanda is now accepting Gcredit, the first type of digital credit facility by Globe.

But how exactly can you pay with GCredit in Foodpanda? We answer that in this guide.

Can I Use GCredit in Foodpanda?

You can use GCredit in FoodPanda to pay for your order. You just need to unlock GCredit first and have sufficient balance to do so. Lastly, you just need to link your GCash account to your FoodPanda.

You’ll learn the exact steps as you read the section below.

How to checkout in Foodpanda using GCredit

You can pay your foodpanda bill using GCredit by doing the following steps:

1. Open the Foodpanda app

2. Select what you want to order

3. Add it to cart and check out

4. Tap “Review payment and address”

5. Select GCash as your payment method

6. Tap “Place Order”

That’s it! Now that you know how to use GCredit in foodpanda, you can always grab your food without cash on hand.

How to remove a payment method in foodpanda?

You can add different payment methods in Foodpanda but you can also delete them if you want. Here’s how:

Step 1: Go to your foodpanda account.

Step 2: Look for the left sidebar and click payment options.

Here, you will see those saved payment options created in the past.

Step 3: If you wish to remove any payment option from your saved list, you can just swipe left to remove it.

You may also see a dust bin sign after pressing the chosen payment method to remove it from your list.

If food ordering is made easy by foodpanda, payment transactions and virtual credit cards are made possible by Gcash & GCredit.

These two save daily life during pandemic!

What is GCredit?

GCredit allows its eligible users to borrow money from Gcash to pay goods, services, utility bills, and of course, food orders like foodpanda.

Each Gcash account holder will be able to get a gscore metrics that will go up whenever the verified account user made a good record like transacting money thru Gcash, making payments, or even saving money there.

There is no specific required Gscore to be eligible in this GCredit feature. Once they’ve seen a good record, they will give you a credit limit with an specific amount.

GCredit is the virtual version of credit card.

It is easy to access and it doesn’t require users to submit documents and go through complicated processing.

Now, the question is “How to use GCredit in foodpanda?”

FAQs

Does GCredit cover foodpanda as an official merchant?

Yes, foodpanda is officially covered by GCredit, as stated on the CIMB website.

You can also check the complete list of merchants.

What is the maximum amount I can buy in foodpanda?

There is no limit to the amount of food you can order in the foodpanda app, although there is a limit when using the GCredit feature of GCash.

Depending on your GScore and automatic increases, your credit limit can be P1,000 up to P100,000.

How much is the interest if I pay using GCredit?

The actual interest differs per GCredit user and how fast they pay their dues.

The interest rate for GCredit ranges from as low as one to seven percent based on your GScore.

Usually, it is around 4.5 to 5 percent for average users.

The good thing is that you don’t need to pay any interest if you settle your balance on the same day that you used GCredit for a transaction.

The interest is divided into 30 days, so you will only need to pay half of the maximum interest if you pay on the 15th day.

When can I pay my due in GCredit after ordering in foodpanda?

Foodpanda has nothing to do with the deadline of your GCredit dues, but it is not a fixed date.

The due date for payment is 15 days after the end of the billing date assigned to you.

Your billing cycle depends on when you first opened your GCredit account, but you can view it on the GCredit page.

Can I order daily with my GCredit limit?

If you are using GCredit to order food in bulk conveniently, you can use it repeatedly as long as you have already paid the used amount.

For example, if you spent P9,000 out of your P10,000 limit yesterday, you can spend up to P10,000 today if you already paid the P9,000 yesterday or even earlier today.

Note that the monthly cash-in limit for your GCash account could be P100,000 or P500,000 monthly if you have a linked bank account, GCash Plus, or Enterprise account.

Unlike credit cards, you can only pay your GCredit by having a balance in your GCash account.

What happens if I forget to pay GCredit for the foodpanda order?

If you failed or forgot to make a payment to GCredit after the due date, you will be paying both Penalty and Interest Charges.

The interest rate will be a fixed 5% of the unpaid principal amount.

On the other hand, the penalty depends on how late you will be able to pay your due:

Days Late	Penalty Charges
1 to 30	P200
31 to 60	P500
61 to 90	P900
91 and above	P1,500

Take note that your GCredit account may be downgraded, suspended, or disabled at the discretion of CIMB due to non-payment of dues.

Read these next:

• How to be a Foodpanda Rider: Earn Money by Delivering
• Foodpanda Referral Program: How to Earn Money
• How to Partner with Food Panda – 7 Easy Steps