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Saturday, February 19, 2022

benefits of paying credit card bill through cred app


 benefits of paying credit card bill through cred app 

Credit Card Bill Payment Through CRED

CRED is a free credit card bill payment mobile application. Available for download on iOS and Android platforms, it simplifies the bill payment process and rewards users for paying their card bills on time.

Cred accepts MasterCard, Visa, RuPay, American Express as well as Diners Club credit cards issued by most major banks.

How CRED Works

CRED can be accessed only if you have a credit score (CIBIL) of 750 and above. CRED requests access and verifies your current credit score from credit bureaus like Experian, Crif and CIBIL. If you qualify, the app will integrate existing cards to your CRED account. A detailed registration guide is mentioned below:

  • Install the app from your Android/iOS mobile phone and sign up with your mobile number.
  • After verifying your number by OTP, the app will check your credit score and notify you if you are eligible for the service.
  • On successful verification, the app will add all credit cards linked to your mobile number. You can add up to 10 credit cards at a time, with the option to add more if required.
  • You have to verify your card details by adding in the masked numbers.
  • CRED will instantly verify your card/cards by depositing Re.10 through IMPS/UPI.
  • After verification, you can pay your credit card bills and earn reward points equal to the bill amount paid.

How To Make Credit Card Payments on CRED

Advantages of Using CRED

  • Besides being a one-stop platform for paying your credit card bill you also earn reward point for every Rupee you pay toward your bill. The reward points are called ‘CRED coins’ and are redeemable on various offering on the CRED app. Offer are updated regularly on the app, and  of you can redeem your CRED coins (known as ‘burning CRED coins’) across categories.
  • You can track your payment history for all card added on the platform, as well as keep track of upcoming bill.
  • Features such as ‘Kill the bill’ enable you to earn cashback  of toward repaying your bill.
  • You will get a reminder each time your card bill of  is generated, ensuring you don’t miss/delay a payment.

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