SkyroCredit
Who can apply for a SkyroCredit? (Eligibility requirements) -> What documents are required for my SkyroCredit application? -> How do I use SkyroCredit? -> Where can I use SkyroCredit? -> How do I cash in to SkyroCredit? -> How to pay for my SkyroCredit?
I. Payment methods (Cash in methods)II. Payment options (Loan Repayment) 1. Minimum payment option a. Autopay for minimu...
a. Due date b. Billing date c. Effective date d. Interest-free period
i. How long is the interest-free period? ii. What is a grace period? iii. What does “up to 45 days no interest” mean? iv...
First Billing cycle vs. Next billing cycles -> How much is the interest rate for SkyroCredit? -> What happens if I cannot pay my SkyroCredit on time?→ If I repay my full SkyroCredit balance and don’t use it again before the statement date, do I still need to pay anything? -> QR Ph transactions in SkyroCredit
a. What is QR Ph in SkyroCredit? b. How to pay using QR Ph and Skyro app reflection c. Who are the merchants that accept...
Credit limit
a. How it works Once your SkyroCredit is activated, you’ll receive a credit limit with a ready amount you can use to pay...
How do I earn cashback from my SkyroCredit?
Every SkyroCredit purchase earns you 1% cashback. For example, spend ₱1,000, get ₱10 back. 1 peso cashback = 1 peso off,...
SkyroPondo for SkyroCredit
a. How to pay from SkyroPondo for your SkyroCredit bill You can use SkyroPondo to automatically pay for your SkyroCredit...
How to cancel a transaction in SkyroCredit?
Transactions can’t be cancelled once they go through, boss. Once you scan the QR Ph code and the payment is successful, ...
SkyroCredit
Who can apply for SkyroCredit? (Eligibility requirements) Want SkyroCredit? Start with a Product Loan first. Once you’ve...
What is SkyroCredit?
SkyroCredit is your reusable credit line. Just scan a QR Ph code, pay, and get 1% cashback every time. Use it anywhere f...
How do I use SkyroCredit?
To use SkyroCredit, open your Skyro app, and tap the QR icon at the bottom center to get started. Scan a QR Ph code, and...
Where can I use SkyroCredit?
You can use SkyroCredit anywhere QR Ph is available, from groceries to drugstores, fast food chains, and sari-sari store...
How do I cash in to SkyroCredit?
You can cash in online or over-the-counter. Learn how to cash in to SkyroCredit here. {link}
How to pay for my SkyroCredit?
With SkyroCredit, you only pay for what you’ve spent. There are 2 payment options for your SkyroCredit: 1. Minimum payme...
Minimum payment option
“Minimum payment” keeps your account active with a smaller amount, but interest will apply to what you spent until it's ...
Interest-free payment option
“Interest-free” means paying your full bill on time, no interest added. The interest-free payment is shown on your Skyro...
How SkyroCredit’s billing cycle works
The billing cycle is the period when Skyro tracks your SkyroCredit spending and prepares your statement. Each billing cy...
a. Due date
The due date is your last day to pay the full amount on your statement to avoid interest. Your SkyroCredit due date is f...
b. Billing date
The billing date refers to the cycle cut-off (15 days before the due date, counted backwards). This is the day your stat...
c. Effective date
The effective date is the date of your first SkyroCredit transaction: It sets the schedule for your billing and repaymen...
d. Interest-free period
With SkyroCredit, you can use the credit line for purchases without paying any interest — as long as you pay your full b...
i. How long is the interest-free period?
Up to 45 days: Get up to 45 days to pay with no interest, every month. First billing cycle: shorter interest-free period...
ii. What is a grace period?
A grace period is an interest-free period. This is the time during which you can pay off your debt for purchases without...
iii. What does “up to 45 days no interest” mean?
SkyroCredit’s “up to 45 days no interest” refers to the number of days you can pay without any interest, boss. You get m...
iv. If I pay off my SkyroCredit balance in full, will the interest-free period start again?
No, boss. Paying your full balance will restore your credit limit, so you can use SkyroCredit again right away. The inte...
First Billing cycle vs. Next billing cycles
The first billing cycle is shorter. The interest-free period lasts around 30 days because: The billing period is 15–17 d...
How much is the interest rate for SkyroCredit?
SkyroCredit gives you up to 45 days to pay with no interest, every month, as long as you make interest-free payments {li...
What happens if I cannot pay my SkyroCredit on time?
If you cannot pay your SkyroCredit on time, you will be charged a 7% interest rate, boss. This will apply to the outstan...
If I repay my full SkyroCredit balance and don’t use it again before the statement date, do I still need to pay anything?
If both your previous bill and current running bill are fully paid, then there’s nothing more to pay, boss. It’s usually...
QR Ph transactions in SkyroCredit
a. What is QR Ph in SkyroCredit? Learn how you can use SkyroCredit to pay for any QR Ph purchase here. {link} b. How to ...
a. What is QR Ph in SkyroCredit?
Learn how you can use SkyroCredit to pay for any QR Ph purchase here. {link}
b. How to pay using QR Ph and Skyro app reflection
If the store accepts QR Ph, you can pay for your item using SkyroCredit! Just tap the QR icon at the bottom center of yo...
c. Who are the merchants that accept QR Ph?
Whether it’s a sari-sari store, a drugstore, grocery, shop, or restaurant, as long as there is a QR Ph code available, y...
a. How it works
Once your SkyroCredit is activated, you’ll receive a credit limit with a ready amount you can use to pay anywhere QR Ph ...
b. How can I request to increase my limit?
To increase your SkyroCredit limit, always pay your SkyroCredit bill on time, boss. If you qualify, we’ll notify you and...
c. How can I request to decrease my limit?
If you want to decrease your credit limit, please chat with us in the Skyro app so we can help you right away, boss!
d. Why was I given a low credit limit?
Your credit limit may start low, boss, but this amount can help you cover everyday expenses first. While it might not co...
a. How to use it?
You can start using it once you reach ₱100, and earn up to ₱500 total. After that, earning pauses until you use it. Just...
i. Using cashback for loan repayment
Cashback works like your credit limit, boss. It’s for purchases only, not for loan repayments.
b. What’s the monthly cashback earning limit?
The monthly cashback earning limit is 5% of your credit limit (based on your previous credit limit if you have already r...
c. When is cashback credited?
Cashback usually appears immediately after your purchase. If you don’t see it, try refreshing the Transactions screen on...
d. Can cashback cover 100% of my purchase?
Yes, if your cashback points are equal to or greater than the purchase amount.
e. Can I lose my cashback?
If your account is overdue by more than 5 days, all your earned cashback will be cancelled. So it’s important to avoid g...
a. How to pay from SkyroPondo for your SkyroCredit bill
You can use SkyroPondo to automatically pay for your SkyroCredit minimum payment. Learn how to pay here. {link}
b. How to use SkyroPondo to cover QR Ph payments
If your SkyroCredit limit isn’t enough for the purchase, SkyroPondo can cover the remaining balance. Learn how to manual...