CRED App Review 2021: Pay Credit Card Bills and Get Rewarded

We all want rewards or incentives. And nothing is better if you get rewarded simply by paying off your credit card bills. Yes, you read it right, and that is what Cred App does. You get exclusive rewards and cashback for paying your credit card bills on CRED App. In this CRED App review, I will discuss everything you need to know about CRED App.

CRED App is the newest venture of Kunal Shah, founder of FreeCharge. As we know, FreeCharge was India’s famous app for making bill payments and sold to Snapdeal in the year 2015.

That means this app comes from a person who is a serial entrepreneur and reputed in the Indian financial sector. It aims to make paying credit card bills simpler. 

What is CRED App?

CRED is an online platform where you can pay your credit card bills. It is a members-only app that rewards you for paying your bills. It was the first app in India through which you can win “Cashback & Coins” by paying your credit card bills.

Every payment made through CRED earns you coins. These coins can then be burned to claim rewards from brands you love. You can also use the option to burn coins to win assured cashback.

Apart from this, you can get access to CRED Protect – an AI-backed system that keeps track of your spending patterns, due date reminders, etc. And you never miss a due date with CRED Protect..

CRED App Benefits

The CRED App benefits are mentioned below: The following are the main benefits of CRED App:

#1. Pay all your credit card bills

Just add all your credit cards to the CRED and pay all your bills directly from the app. It also allows you to pay bills using net banking, debit card, UPI, or UPI apps free of cost. This makes the entire process of payment pretty smooth and easy. You can also track the payment due dates.

#2. Win cashback on paying bills

#Killthebill is the best feature. When you pay Rs.1000 or more you would see the option to #killthebill just after making payment. Here you can burn 1000 CRED coins to win assured cash back up to Rs.1000. The cashback directly credited to your card.

I have earned a maximum cashback of Rs.119 in a single transaction.

#3. Earn CRED coins

You will earn coins for every successful payment through CRED. For example, if you pay a bill of Rs.10000, you earn 10000 coins. These coins can then be redeemed to buy rewards for online & offline shopping.

Cred app rewards from companies like:

• AJIO
• Tata Cliq
• Myntra
• Saavn
• Cure.fit
• The Lalit
• Puma
• Samsung
• Dineout
• Ethos

…….and many more

Cred app offers a host of exciting discounts as per your credit cards from the following brands.

• Amazon
• Tata Cliq
• Samsung
• Myprotein
• Faasos
• Ajio.com
• Microsoft.com
• Tajhotels.com
• Oneplus
• Reebok
• Udemy
• Zomato
• Mamaearth
• Dunzo.com
• Firstcry

……. and many more

#4. Refer and Earn Rs.500 Cashback

You will earn Rs.500 cashback when you refer your friend to the app and your friend pays on CRED. Your referred friend would also earn Rs.500 cashback on the next bill payment.

Download CRED using this link and earn Rs.500 as cashback when you make your first payment

#5. Pay Rent with Credit Card

You can pay your rent to your landlord or PG in no time through the app. You will also get rewards when you pay rent via this app. Moreover, there is no extra charge on CRED app rent pay charges.

#6. Pay Education Fees

Now you can also pay education fees such as tuition fees, school fees, and college fees using this app. You will also get discounts when you pay education fees using credit cards.

#7. Free Credit Score

In India, there are four credit bureaus – CIBIL, Equifax, Experian, and CRIF. You can see your credit score and report from Experian and CRIF free of cost. In the detailed credit report, you can see your credit activity and the key factors affecting your score. You can refresh your score after 30 days.

How CRED App works?

In this section, we will learn about “how to use CRED app?”

#1. Get your membership approved

Membership is still not open for everyone. Your membership approved only if you have a credit score of 750+.

CRED App Download:

1. Install it on Android / iOS. Click here for CRED app download and installation on Android or iOS.

2. Signup with your mobile number and verify it with OTP. Use your mobile number that is registered with banks. Your request may get denied if your credit score is not good.

#2. Add your credit card numbers

1. Once your membership is approved, all your cards get displayed on the app.

2. Now you have to fill in the missing numbers of your card to add them to the app. The app does not ask for the expiry date or CVV of your card.

3. The app will verify your card by depositing Rs.1 via IMPS/UPI into your card.

4. This is the completion of your registration with the app.

#3. Pay your card bills

Now you can pay your card bills and earn equal coins for every successful payment.

#4. Claim exclusive rewards

You can use these coins to claim rewards for online and offline shopping. This is how to use CRED app.

Safety Concerns for CRED App

CRED is the new startup by Kunal Shah, the founder of FreeCharge. Therefore it is safe to assume that the app is safe and secure. Here are a few things that I want to clarify to the best of my knowledge.

#1. Credit Card Information

You just need to add your credit card number for bill payments. It does not ask about the expiry date or CVV of your card. Your card cannot be misused without these details.

#2. Email Privacy

The app asks you to access your email for reading your credit card statements. They claim that they will not read anything in the emails except your card statements. If you feel this is a privacy issue then don’t give access to your emails.

#3. Failed Payments

In case of failed payment, if any amount is debited during failures, it will be refunded in 5 working days. You can pay in small chunks if you have a big amount to pay.

#4. Delayed Payments

It is safe to pay your bills 3-4 days before the due date. However, in normal cases, the payments made via CRED get reflected on the same day in your card statement.

Download CRED using this link and earn Rs.500 as cashback when you make your first payment

Frequently Asked Questions

1. Is CRED app safe?

CRED app founder is Kunal Shah, the founder of FreeCharge. It does not save the complete information of your credit card. Therefore, in my opinion, the CRED app seems safe and secure.

2. Who is CRED app owner?

Kunal Shah is an Indian entrepreneur who founded this app in 2018.

3. How to refer CRED app.

You can refer the app via WhatsApp, Instagram, Twitter, Facebook, Messages, and Email, etc.

4. Is CRED app Chinese app?

No, it is not a Chinese app. The app founded by Kunal Shah who is a serial entrepreneur.

5. Which is CRED app origin country?

CRED app is an Indian fintech company founded by Kunal Shah in 2018.

6. Does CRED app charges extra money?

No, it does not charge any extra fees for paying your credit card bills.

7. Is CRED app approved by RBI?

The app operates in compliance with NPCI guidelines. NPCI is an umbrella organization for operating retail payments and settlement systems in India. NPCI stands for National Payments Corporation of India. It is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA).

8. How to remove credit card from CRED app?

Open the app and click on the “Cards” tab at the bottom of the screen. Next, go to the “Manage” tab which is the last tab at the top right corner of the screen. Now click on the “archive card” link. Here, you will see the list of the credit cards you have added to the app. Select the credit card and click on the “Archive card” tab. And it’s done.

Download CRED using this link and earn Rs.500 as cashback when you make your first payment

CRED App Reviews

The idea of getting rewards by paying credit card bills is very good. I do not see any reason to miss the extra cashback and rewards. Even though there are various options available but none of them gave a seamless payment experience and rewards. So, it is a revolutionary app. In my opinion, it deserves a space on your mobile phone.

Note: This post was originally published on June 2, 2019 and has been completely updated for accuracy and comprehensiveness.

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