Here are 7 tips on positively increasing your GScore for higher limits on your GCredit, GLoans, and GGives.
As an advocate of GCash and digital wallets in general, I’m also subscribed to Facebook groups related to these topics. More often than not the topic of GScore comes up.
Specifically, many are wondering why their GScore keeps going down despite their efforts of using the GCash app.
As I said in my other post about GScore and GCredit, GScore uses GCash transaction data to record behaviors that we GCash users have as we use the app. In turn, these behaviors are what GCash uses to quantify a credit score.
With this in mind, I’ve decided to list down what habits GScore seems to reward and penalize.
Here is a sample of my own GScore:
Given this information, the tips I’ll be sharing come from what I’ve been doing so far. Please take note though, these are my own thoughts and opinions on the matter, and should not be considered as actual parts of GScore rules.
These are proven in my case because I’ve been doing these tips for a while now and in sharing these I hope you will be able to see the same results. Anyway, here goes:
Table of Contents
1. Have a healthy GCash balance at all times.
Many GCash users only use the app as a transaction passthrough app — meaning, they cash in small amounts and use all of it in a single feature like Buy Load; or transfer all of it via Bank Transfer.
Many bank savings accounts have penalties if you go below a certain amount average per month. Think of your GCash balance in the same way. The higher the average amount in a month, the higher your GScore can potentially go.
Personally, I have Php 100-500 as my balance at all times. It’s also helpful to have some money in my wallet since I also have an auto-debit with GSave every week. Also, you are more likely to use your GCash when you have a positive balance.
2. Use your GCash app regularly.
Many users complain that they use so and so features regularly, but “regularly” can mean differently depending on the person.
Let’s put it into more concrete terms. How regularly do you use the app? Two times a week? Three times? GCash can detect how often you log into the app. So if you use the app every day, you will definitely be eligible for a higher GScore.
Think of it this way, if you log in every day to get GCash Forest energy points, it definitely contributes to your total score. Consistency is key.
3. Save and Invest regularly.
Do you use GSave and GInvest? How often do you deposit or invest? Generally, if you use these financial services, you are better off, since it means you have better money habits than the majority of GCash users.
This is also connected to Tip #1 (Having a healthy balance) — if you put your money into more valued services than just spending or withdrawing it all away, then all the better your credit standing becomes.
I suggest setting an auto-debit for GSave, even a small amount every week will do. Putting money into GInvest regularly, on top of GSave would also be definitely better for your score.
4. Use as many features and services as you can.
If you use your GCash regularly, then it most likely won’t be limited to just a single feature, like Buy Load for example. You would also be paying your bills, or using it to buy from merchants online and via QR code. GLife has made it easy to find products and services that are purchasable by GCash.
Let me emphasize: Make GCash Forest Energy Points matter to you.
If you log into GCash every day to check your tree (you should keep the streak going), you would naturally be doing more activities that generate more energy points.
5. Use and pay off your GCredit, GLoan, and GGives on time, every time.
GScore is a measure of how bankable a person is. As a result, it also tracks loan usage and repayment. You should use GCredit and show that you know how to use it. This also applies to GLoan and GGives.
Pay your dues as soon as you can, and avoid penalties. You will definitely be rewarded with a higher score as a result.
6. Link your Bank Accounts.
As you use the GCash app, you would eventually notice that cashing in is definitely easier when you have a bank account or debit card linked. You would not need to go to a 7-11 or a remittance center to cash in.
Likewise, cash-out is definitely easier when you can Bank Transfer to the bank you are linked to since you can transfer to your bank and withdraw using your ATM card for that bank.
Alternatively, you can also use a GCash Card for cash-out as you can use it in any ATM anywhere.
Bank Transfers are also a good indicator that you use the GCash app regularly. If you use debit card cash-in in conjunction with the bank transfer cash-out method I mentioned above, then you are better off, since you will definitely be using your GCash app more often.
7. Pay most if not all of your bills using GCash.
I’ve explained in Tip #4 (Use GCash services) that we should use Pay Bills more often. For example, if our transaction data shows that we paid a lot of different utilities, then it means that we have a good financial capacity in general.
One of my theories is GScore does not only track the number of billers we pay in the app but also the type. For example, if we show that we use GCash Pay Bills to pay for our car insurance — it also infers that we have a car. This can also translate to a higher ability to pay off debts.
Why am I not unlocking my GCredit limits?
It takes time and consistency. You may see your GScore go down, but the key is not to be discouraged. Eventually, you will also be able to achieve higher GCredit limits.
I explained some observations I had regarding GScore and I summarized them into seven tips.
Basically, if we need to have a better GScore, we need to trust GCash and use it every day. I know that sometimes it is hard for this trust to come along sometimes with GCash and all of its numerous issues, but give it a chance and GCash will reward you for that trust.
The tips I mentioned above are only my thoughts on the matter and there is a chance I may be wrong with my assumptions compared with the actual GScore rules.
I have a new e-commerce site where you can buy some e-books here: GCR Prime
After reading about what GCash is, here are the main GCash features: