What is CRED? Complete Guide, Benefits, Rewards and More Info 2025. People are starting to use credit cards much more for their extra expenses, which they deal with later after paying the credit card bill the next month. Credit cards are used by everyone for their day-to-day payments, which need to be paid the next month. There are many benefits of using credit cards if they are used in a sensible manner. Today, we will tell you about a great credit card payment app called CRED that is popular amongst all credit card users. Let’s talk about its guide, benefits and rewards in this article.
What is CRED?
CRED is a fintech platform which is used by many Indians to manage their credit card payments with the help of this payment app. It was founded by Kunal Shah in 2018 and this app will provide rewards to the users for paying their credit card bills on time. Over time, it evolved into a premium lifestyle and financial service platform that offers many features.
Key Benefits of Using CRED
Some of the key features or benefits to use this app for your credit card bill payments and others are
- On paying the credit card bill, the user will earn CRED coins, which can be redeemed for discount vouchers.
- It also helps in monitoring the credit score for free and will help give tips to improve the credit score.
- There is also a great feature of a preapproved personal loan with a low interest rate and no paperwork that will also be dispersed instantly.
- Use credit coins to get exclusive offers on many branded products that are partnered with it.
- one can also pay their rent using credit and earned reward points in the process
- Credit has also supported UPI transactions and also offers cashback and deals on regular QR payments.
Who Can Use CRED?
Not everyone can use it, as it is designed to be exclusive, and if a person wants to join this, then they should have a credit score of 750 or higher. Once approved, you became part of a community of financially responsible users and used the benefits of this app.
What Are CRED Coins and How Do They Work?
On every one rupee payment towards your credit card bill will be equal to one credit coin. One can use these coin to
- Unlock Jackpot Deals.
- Enter contests and lucky draws.
- Redeem brand discounts.
- Participate in exclusive sales.
Pros and Cons of Using CRED
| Pros | Cons |
|---|---|
| Easy & rewarding bill payments | Limited to users with 750+ credit score |
| Free credit score updates | CRED Coins value can vary |
| Premium offers & discounts | Some offers behind paywalls |
| Instant personal loans with no paperwork | Rewards may not suit all users |
| Secure and user-friendly interface | Limited banking features vs. full banking apps |
Conclusion
There are almost 40 million downloads and many people are using this on a daily basis. It is very popular among young professionals, as they find it easy to use with a great brand experience. If you are also a credit card user and pay your bill monthly, then this app can be beneficial for you as well. Do not forget to read all the terms and conditions before signing up.
So this was the What is CRED? Complete Guide, Benefits, Rewards and More Info 2025. I hope you have found the answer to your question. For all the latest updates regarding entertainment and fashion, stay tuned with Matlabi News, your one-stop solution for all hot trends and gossip.
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