CRED is a financial technology company based in India that offers a platform designed to simplify and reward credit card payments. Keep in mind that there might have been updates or changes since then, so it’s a good idea to check the latest information.
CRED is a members only credit card bill payment platform that rewards its members for clearing their credit card bills on time. CRED members get access to exclusive rewards and experiences from premier brands upon clearing their credit card bills on CRED.
Features of CRED
- Credit Card Bill Payments: CRED primarily focuses on helping users manage and pay their credit card bills. Users can link their credit cards to the CRED app, which allows them to make payments through the platform.
- Reward Points: One of the key features of CRED is its reward system. Users earn CRED Coins or points when they make timely credit card payments through the platform. These reward points can be redeemed for various benefits, including discounts, cashback, or exclusive deals from partner brands.
- Credit Score Tracking: CRED provides users with access to their credit scores. This feature helps individuals monitor their credit health and understand how their financial behaviors impact their creditworthiness.
- Credit Card Management: CRED offers tools for managing multiple credit cards in one place. Users can track their spending, due dates, and other relevant information for better financial management.
- Exclusive Offers: CRED often partners with various brands to provide exclusive offers and discounts to its users. These could include deals on shopping, dining, travel, and more.
How CRED Works:
- Registration: Users need to download the CRED app and register with their mobile number. During registration, they may be required to provide necessary details and link their credit cards to the app.
- Credit Card Linking: After registration, users can link their credit cards to the CRED app. This allows the app to fetch and display credit card details, including outstanding balances and due dates.
- Payment: Users can make credit card payments directly through the CRED app. The platform supports payments for various credit card issuers. Payments can typically be made using net banking, UPI, or other supported payment methods.
- Reward Points: When users make timely credit card payments, they earn CRED Coins or points. These reward points can be accumulated and redeemed for various benefits offered by CRED’s partner brands.
- Credit Score Monitoring: CRED provides users with access to their credit scores, allowing them to monitor their credit health. This feature helps users understand their financial standing and take steps to improve their creditworthiness.
Banks supported on CRED
CRED supports credit card bill payment for American Express, Standard Chartered, Citibank, HDFC, ICICI, SBI, AXIS, RBL, PNB, and other top Indian banks. We support VISA, MasterCard, American Express & RuPay cards.
