How to Use CRED Coins

CRED is a members-only credit card bill payment platform that rewards members for paying their credit card bills timely. This helps and can make paying your bills enjoyable. Here, we have discussed how to use CRED coins.

CRED brings the feeling of unlimited choice at the end of every credit card payment cycle. When you pay bills on time, CRED will reward you for it. CRED is a community only for the most creditworthy people, that is people with a credit score higher than 750. If you do meet this minimum score, you will be added to the waitlist and you get advice to improve your credit score.

People with a credit score above 750 can become CRED members by downloading the app on iOS or Android phones that you use. Interestingly, you do not have to stress about your credit score. CRED will check you and get it to you immediately.

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When you register on the platform, CRED saves your credit card details and as you add a credit card, it will deposit INR 1 to the respective card for validation.

Features of CRED

CRED products include; CRED RentPay – allows you to pay your monthly rent directly from the CRED app with your credit cards, CRED Cash – the fastest, most seamless and fully digital way to get credit, without the tedious application and verification processes typically associated with loans and at an interest rate at one-third of typical credit card interest charges, CRED Store – allows CRED members to shop through their in-app e-commerce offering that is home to a selection of handpicked, curated products and travel experiences of luxurious destinations across India and the world at member-exclusive prices.

Others are CRED Travel Store – added more exclusive destinations for you to ‘buy now and travel later, like luxurious stays at Ayatana Coorg, The Serai, Hard Rock Goa, Centara Ras Fushi Maldives and Kempinski Seychelles and CRED Pay which is a new payment experience for members on select merchant platforms.

How to Use CRED Coins

As a CRED member, get rewarded for making timely credit card bill payments with CRED coins. For each rupee paid off on the bills, you earn one coin. These coins can be used to collect various rewards made available on the platform.

The available rewards include discounts for shopping from partnered merchants, as well as raffles and jackpots. Also, you can participate in mega jackpot events like the jackpot week using your coins.

CRED also allows you to use the coins for community causes, like building playgrounds, buying and donating masks, and sponsoring free education of children.

CRED coins can also be traded for actual cash. You can redeem your CRED coins in the ‘Kill the Bill' section for a cashback offer. The cashback will be transferred automatically to your credit card when you redeem CRED coins.

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