CRED App Review: Eligibility Criteria, Rewards

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CRED App Review: Eligibility Criteria, Rewards Highlights

Now Pay Credit-Card Bills Using CRED App and Get Rewarded!

Description

In India, thousands of people use credit cards every month. As credit card gives pre-approved loan limit to individuals, people spend the credit card limit on the purchase of various products and services. And when the time comes to pay the dues, they often get frustrated as they have to pay high interest rate on the used credit card limit. And that’s where CRED comes in. CRED helps you in managing your credit card efficiently. By downloading CRED App, you can avail of cashback and other freebies on the credit card payment. 

What is CRED App?

CRED is a mobile app through which you can easily pay your credit card bills. By doing so, you can avail various cashback and coupons. To avail various benefits, all you have to do is to make timely payment of credit card bills. Unlike other credit card payment app, CRED covers the credit card payment of almost every bank and NBFC. 

As credit card companies have their own payment app, CRED takes a different approach when it comes to making credit card payment convenient for users. Credit card users can make a payment through the phone number linked with their credit card. This not only make the payment of credit card bills more secured but also lets users to make a payment against various credit cards linked to their mobile number.

Features and Benefits of CRED App

There are umpteen features of CRED. Through those features, users can avail various benefits which are as follows 

  • Secured credit card payments – Payment of credit card through CRED app is 100% safe. The payment gateway is protected by 256-bit encryption and doesn’t let any security breach. 
  • Attractive cashback on bill payments – As per CRED’s #killthebill campaign, CRED users can avail cashback up to Rs. 1000 on credit card bill payments. The cashback amount is transferred to the user’s savings account.
  • Easily redeemable CRED coins – For every credit card payment you make, this app rewards you with CRED coins. You can also earn CRED coins by referring this app to your friends and family members. These coins can be redeemed in the form of online shopping coupons. Furthermore, you can also redeem your coins to pay the bills for various offline merchants who have partnered with CRED.
  • Access to credit score and credit report at no cost – With Cred App, not only you can check your dues but also you can check your credit score and credit report. For that, you don’t have to pay any extra bucks.

Eligibility Criteria for Being a Member of Cred Club

CRED is a member-only platform where only most creditworthy people of India can make a card payment. To be a member, you will have to fill a CRED application form. After successful completion and review of CRED application form, you can start making payment against your credit card bills.To easily apply for CRED Club, you must read and meet the eligibility criteria mentioned below.

  • To be a member, you must have a good credit score. Usually, those who have a credit score of 750 or above can be a member of CRED Club.
  • You must be over 18 to be eligible for using CRED.
  • You must not be barred from accessing CRED services.

How CRED App Works?

  • Step 1 - Apply for cred membership
  • Step 2 - Pay your credit card bill
  • Step 3 - Get cred coins (payment of 1 Rs = 1 cred coin)
  • Step 4 -Claim your rewards by redeeming cred coin

By following these steps, you can improve your credit card experience significantly. Also, you can also refer it to your friends and earn cred gems which can later be redeemed.

Download Cred

How to make payment in Cred App?

  • Add your credit card with the help of your registered phone number.
  • On the main screen of Cred App, you can see your registered cards.
  • Select the card you want to make payment for. 
  • Pay using BHIM UPI. 
  • Earn cred coins.

CRED Rewards and Offers 

These are the 10 exclusive CRED Rewards which is attracting thousands of people towards Cred –

  • Bookmyshow – Book movie tickets with Bookmyshow worth Rs. 500 for 30,000 cred coins
  • Andamen – Avail Rs. 1500 Andamen shopping voucher in exchange for 10,000 cred coins. Andamen is a premium men’s clothing brand in India. 
  • Dineout Gourmet Passport – Avail 3 months of Dineout Gourmet membership by using Rs. 15,000 cred coins. By using Dineout Gourmet Passport, you can get complimentary 1+1 food and drinks for restaurants who has partnership with Dineout.
  • Ixigo – Get Rs. 1000 voucher for 5000 cred coins. Use it for booking flight tickets with Ixigo.
  • Levi’s Voucher – Rs. 1000 voucher for 1 Lac cred coins. 
  • Gap – Rs. 1000 voucher for 75,000 cred coins.
  • The Moja Club – Buy socks with colourful patterns and get discount up to Rs. 500. With 10,000 cred coins, you can say goodbye to old, soggy, and boring socks.
  • The Man Company – Rs. 1000 voucher 10,000 cred coins. Use it for purchase of man’s cosmetics from The Man Company.
  • Cult.fit Membership – Keep your lifestyle in check and stay fit. With 25,000 cred coins, get Cult.fit Membership for 30 days at zero cost.
  • The Mom’s Co – Buy mom and baby care products from The Mom’s Co. You can avail Rs. 500 shopping vouchers by redeeming your 15,000 cred coins.

Who should use this app?

Those who are outgoing and use their credit card frequently should use this app. By doing so, they can avail various benefits like -

  • Food coupons
  • Shopping coupons
  • Free gym membership
  • Discounts on flight tickets and much more

Contact details for CRED

There is no official contact number for CRED for now. In case of any query, you can get in touch with CRED support team by writing email on the mail address mentioned on CRED website. Furthermore, you can also download the app and provide feedback and raise a query using the complaint section in the app. 

➤ FAQs

Ques. Is CRED app approved by RBI?

CRED App operates in compliance with NPCI (National Payments Corporation of India) guidelines. NPCI is a payment system operator authorized by the Reserve Bank of India (RBI). NPCI owns and runs UPI payment system. The service that CRED offers does not need RBI approval. CRED verifies the credit score of credit card users from a credit rating agency which is also authorized by the RBI.

Ques. What is CRED coin balance?

Being an innovative company, CRED has partnered with many famous merchants. By doing so, they availed a feature to provide discounts on the purchase of goods and services from these merchants. CRED coin is simply a reward point that you earn by making a credit card payment through CRED app. The most impressive thing about CRED is that it rewards 1 coin per payment of Rs. 1. For example, if you make a payment of Rs. 10,000, you will get 10000 redeemable CRED coins.

Ques. How do you redeem CRED coins?

You can redeem your CRED coins through CRED app. All you have to do is to do click the Rewards icon on the navigation bar of the app and click on the rewards you like. By doing so, you will be able to redeem your CRED coins without any hassle. You can redeem your CRED coins in the form of vouchers and coupons of various merchants that have tie-up with CRED. You can also burn your CRED coins to earn cashback.