CRED is INCREDIBLE | It Pays You For Paying Your Own Bills | Detailed Review

We have been using CRED for a couple of months now, and we thought of writing an article on CRED as many people are still unaware of this awesome app. Details below:

    What is CRED?

    • CRED is an excellent and promising credit card bill payment platform that rewards you for paying your own credit card bills. As truly said by the freecharge as well as CRED founder Kunal Shah.

    A platform to celebrate and reward the most creditworthy people of India.

    • Currently, you can become one of the privileged CRED Member only if you have a CIBIL score of 750 or above else, you get 'wait-listed.'

    Why CRED?

    • There are numerous reasons, but let's start with CRED Rewards.

    1. CRED gives out Brand Vouchers worth thousands of Rupees, such as 2k worth Levi's Egv, 1k worth Gap Egv, Moms Co, Beardo, The Man Company, Bombay Shaving Company, Jaypore, Mamaearth, Lenskart, and many more.


    2. CRED pampers with credit rewards worth thousands of Rupees. If we post a screenshot of those rewards, then we'll have to post hundreds of screenshots, hence posting a video. Just check it out and be amazed.

    3. CRED empowers its members to meet their favorite Stars and Celebrities, experience the luxury & comfort of TAJ, spoils them with exclusive event passes, concerts, and many more.

    4. Most importantly, CRED keeps track of all your successful, failed, and missed payments or hidden bank charges. In short, it gives you the peace of mind that you deserve well.

    What is CRED Coins?

    • Suppose you pay your credit card bill amounting to INR 20000, you instantly get 20000 CRED Coins that are redeemable against numerous brand vouchers. As of today, vouchers for Levi's, Gap, DieselBeardo, Jockey, Raymonds, Ixigo, etc., are up for grabs.

    • CRED coins are also used to claim 'Mystery Rewards' and 'Mystery Cashbacks.'

    What is Mystery Rewards?

    What is Mystery Cashbacks?

    • Mystery Cashbacks are options wherein you get possibilities to burn your CRED Coins for direct credit postings against your card's outstanding amount. These credit postings are as good as cash.

    • For example, you get 3 Mystery Cashback options segregated into 1000, 5000, and 10000 each when you pay bills amounting to 20000 INR.

    • Option 1 for burning 1000 CRED Coins has the potential to get you a credit posting worth up to Rs. 1000Likewise, burning 5000 CRED Coins can fetch you up to Rs 5000, and the same is the case for 10000 Coins.

    • Now suppose you pay a bill amounting between Rs 1000 to Rs 19999, here you get 2 Mystery Cashback options; 1000 and 5000 respectively.

    • And, if the bill amount is below 5000, you get 1 Mystery Cashback option for 1000 and nothing for the bill that amounts below Rs 1000.

    How safe is CRED?

    • Totally safe. CRED offers 100% secure transactions as it offers 256-bit encryption that uses a 256-bit key to encrypt and decrypt data or files. It is one of the safest encryption methods after 128-bit and 192-bit encryption and is used in most modern encryption algorithms, protocols, and technologies, including AES and SSL.

    Will CRED delay your payments?

    • Well, as of today, we have used CRED to clear our bills amounting to more than 12 Lacs and experienced fast and smooth transactions without any hassle or delay.

    • However, in one instance, our bill got delayed. We paid the bill on the 2nd, and the bill amount got credited on the 6th. But, unfortunately, our due date was on the 3rd. In no time, HDFC bank levied a finance charge of Rs 1410.72 for late payment.

    • We approached the CRED Customer Support about the incident, and they instantly compensated the finance charges that amounted to Rs 1410.72. In the blink of an eye, the credit amount was reflecting on our card's unbilled section. You can see their response below.


    CRED is INCREDIBLE | It Pays You For Paying Your Own Bills | Detailed Review CRED is INCREDIBLE | It Pays You For Paying Your Own Bills | Detailed Review Reviewed by Rahmat on July 09, 2019 Rating: 5

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