What exactly is the Cred app and how does it work? 

CRED is both a credit card bill payment and an online digital payments app that is linked to your credit cards and bank accounts. The best part is that CRED rewards user with CRED coins for the bill payments made through the app, which can be used for any offer available in the CRED shop. CRED has a variety of products within the app itself, and they have tied up with various well known companies where customers can utilize their CRED coins to earn coupons.

CRED was founded in the year 2018 by Kunal Shah which is one of the top Unicorns in India.

Google Play Store Rating: 4.7 out of 5

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Google Play Downloads: 10 Million+

App Store Rating: 4.8 out of 5 stars

App Store Reviews: 255.6 K Ratings

How does CRED work?

To be eligible for a CRED account, one should have a credit score of at least 750. CRED requests the necessary access to verify your credit score from the credit bureaus. Once you are eligible for the account, CRED will take your permission to link your credit cards to the account. The registration process is very simple and quick. After adding all the credit cards, you will be able to pay the bills easily and earn rewards for doing so.

How to Register for the CRED App

  • Install the app from Google Play or the App Store.
  • Enter your mobile number and verify with OTP.
  • CRED will instantly check your credit score and proceed with the further process if you are eligible.
  • The app will add the credit cards linked to your mobile number.
  • You can add more cards in the app manually as well.
  • Once you verify all the cards, you are ready to pay bills and earn rewards.

Special offer for you: Use the link to get upto 250 INR in your next credit card bill payment through CRED.

How to pay a credit card bill

  • Login to your CRED account in the app.
  • Go to the “cards” tab.
  • You will see any pending due, click on “Pay now”.
  • You will get the option to pay the total bill, the minimum due, or any other amount as per your convenience.
  • You can now pay through a debit card, UPI apps, or bank account directly.

How to check rewards in the CRED app

  • Login to your CRED account in the app.
  • Go to the “rewards” tab.
  • You can see the CRED coin balance and redeem any available offers from there.
  • You can also claim CRED coins for any bill payment made through the app on the same page.

How to use CRED coins to purchase items in the CRED app

  • Login to your CRED account in the app.
  • Go to the “shop” tab.
  • You will see various offers and item categories there. You can choose any product and check the discount you are getting by using CRED coins.

The Benefits of the CRED App

  • Rewards: CRED coins are received for the bill payments, which can be used to get discounts on any available product in their app.
  • Regular reminder: CRED sends reminders via email or Whatsapp for any pending dues to avoid late fees.
  • Bill payment history: You will have the bill payment history for all your credit cards in the same app.
  • Hidden fee: CRED shows any type of fee present in the statement, which helps the customer be aware of the same.
  • Recharge and bills: You can also recharge any prepaid connection or pay bills through the same app. It includes all types of telecom bills, utility bills, Rent, education fees, insurance premiums, loan EMIs, etc. You can also earn rewards for this type of payment.
  • CRED Cash: CRED provides loans to eligible customers, which can be easily redeemed through the app. You can withdraw up to the eligible amount at any point in time to your bank account without any documentation. You can choose any tenure for the loan and pre-pay the loan easily using the app.
  • Check account balance: You can add all your bank accounts and check their balance easily through the app. The same can be used to pay bills or make any purchase easily.
  • Credit Score: You can check your credit score free of cost.
  • Refer and Earn: CRED provides cashback for referring their friends to the app.

Also Read: Credit Score: Definition, Credit Bureaus, Factors affecting and improving

FAQ Related to CRED

Is the CRED app approved by RBI?

Yes, CRED is approved by NPCI, which is an authorized operator by RBI.

What is CRED used for?

CRED is used mainly for credit card bill payments. Apart from that, one can also use the app for telecom recharge, utility bills, etc.

Is cred safe?

Yes, the CRED app is safe to use.

What are cred coins?

CRED coins are the rewards received for credit card bill payments made through the app. CRED coins can be used to get discounts on a variety of products available in the app.

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