CRED App Review – Now Get Rewarded for Paying Credit Card Bills

By | November 27, 2018

Kunal Shah – the founder of Freecharge which was acquired by Snapdeal in 2015 for $400 million is now back with a new bet in the world of credit cards. About his new venture CRED, Kunal Shah says its โ€œa platform to celebrate and reward the most creditworthy people of Indiaโ€.

With a team of about ~60 people based out of Bengaluru, Cred has already raised $30 million from Sequoia Capital, Chinese VC firm Morningside and others. Now lets see what it has to offer us,

CRED – Get Rewarded for Paying Credit Card Bills

What is CRED?

CRED is an app that allows you to earn “CRED coins” for paying your credit card bills. These points can then be redeemed for various premium lifestyle products & services.

Apart from this primary benefit, it also has options to track your expenses, notify due dates, etc.

CRED aims to reward the most creditworthy (Credit score > 750) people of India thereby creating a community of trustworthy customers. CRED pulls your Experian/Crif score at the moment, while CIBIL score may show up in future.

How it works?

It’s very simple and the entire process hardly takes less than a minute.

  1. Install the app – IOS / Android (open the link on mobile)
  2. Signup with your mobile number & verify with OTP
  3. Boom!! All your cards now gets displayed. CRED has done the integration with Credit Bureaus like Experian to make this is possible.
  4. Now you have to verify your card to add them to the app by filling the masked numbers of the card.
  5. CRED verifies your card instantly and that’s it.
  6. You shall now pay your bills and get reward points equal to the bill amount paid.

In the backend, while you’re adding a new card, CRED verifies your credit card by depositing Rs.1 through IMPS/UPI. This reflects instantly on some cards while other cards (like AMEX) take upto ~1 working day.

My Experience

Getting Started

The UI/UX of the app is one of the best that i’ve seen recently. As soon as i installed the app & verified my mobile number, i got 822 Points which is equal to my Experian credit score. Yes, you can get your credit score too with this app.

It takes moments to get familiar with the options and i was able to add one of my credit card and make a payment to it in under 2 minutes. Here are the time frames for your payment to reflect on the Credit Card, from my experience,

  • Instant: HDFC/ICICI/AXIS/SBI (payments processed via IMPS/UPI)
  • 2 Working Days: Amex
  • 1 Working Day:ย SC/Indusind
  • Payments >1L will be be routed via NEFT
  • When IMPS/UPI rails are down, it will be processed via NEFT.
  • Note:ย Always clear dues before ~3 days to be on safer side

Overall the on-boarding experience is very good and you would love using the app just for its neat & clean User Interface. As i’m yet to pay some of the credit card bills (Diwali purchases), this came in right time. Here’s a quick look into my ac:

CRED App

Points Redemption

  • Point Value: Dynamic

The most important factor whenever we deal with points is its value. Here its totally dynamic as it depends on what offer the merchants can afford to give. Premium merchants have rolled out exclusive offers for CRED members to generate brand trials and virality amongst these customers..

I tried many redemption options including “kill the bill” which is similar to scratch cards that you see on Google Pay. It got me around ~Rs.170 which is not bad. Its like playing games, try your luck and do share what you got. Here’s my first attempt ๐Ÿ™‚

Apart from that, one of my best redemption was 5000 points for Rs.1000 Voucher fromย bombayshavingcompany.com.ย This gives amazing 20% value. I quickly ordered few items costing Rs.980 to make effective use of the voucher. It asks to pay Rs.88 (tax) to complete the order.

That’s huge returns. Now if that sounds unbelievable, You may pinch yourself to verify that you’re not dreaming. lol. Here’s a quick look into my earnings & redemptions so far!

Cred Coin – Earnings

Cred Coin – Redemptions

CRED – Voucher Redemption

Some of the merchants available for redemption at the moment are: ixigo, bookmyshow, cult.fit, bombayshavingcompany, bombayshirtcompany, bodycraft, four fountains spa, etc. Note thatย some of the vouchers can be redeemed only once while others can be redeemed multiple times as well.

Why CRED is a must have App?

The top 3 features for using the CRED app are:

  1. You get rewardsย for paying credit card bills through CRED platform
  2. If you pay with a debit card, you get additional Reward points there too.
  3. You become part of a premium community that gives access to unique products/services.

And yes, apart from that, some may find their transaction tracking features quite useful too. Cred is currently in the beta phase, yet you can experience most of the features now before it even goes live by year end. Use below links to download the app.

Bottomline

Even though we’ve apps (like Paytm) to pay credit card bills, there has been limits to it in various aspects and almost none of them gave a premium feel nor rewards.

CRED solves it all with a refreshing look, simple & easy to use interface, rewards system and on top of it – a premium community which is an added advantage to get access to some cool redemption options just as above.

  • Cardexpert App Rating:ย 5/5ย 

Have you tried CRED? Feel free to share your experiences in the comments below.

Author: Siddharth

A Credit Card freak minting reward points and cashback for years, started adding Airmiles in recent times. Obsessed with aviation, airport lounges and luxury travel at affordable cost.

185 thoughts on “CRED App Review – Now Get Rewarded for Paying Credit Card Bills

  1. Rohit

    I redeemed the 1K bombay shaving company voucher as well ๐Ÿ™‚ . I hope they add more reward options. Kill the bill gave me 15/- and 11/- so not that much.

    Reply
    1. Siddharth Post author

      Cool. Got a Rs.500 bookmyshow voucher too shortly after. They seem to have good set of redemption partners lined up.

      Reply
      1. Nihit Mehrotra

        @siddharth Sir I have paid bill at 9:15 p.m. but is not reflecting but for SBI card it is written that amount will be refunded instantly

        Reply
    1. Siddharth Post author

      Yes, all cards, including diners/amex. I’ve tested it all ๐Ÿ™‚

      Reply
      1. Abhishek Roy

        Damn man, how did I miss it? Lol. My score came 865 on Experian. Got accepted. One stop destination to pay all my credit card bills.

        Reply
        1. Siddharth Post author

          Happy spending, happy paying bills ๐Ÿ™‚

          P.S. One of my family member has Experian: 896

          Reply
        2. Vaibhav

          will there be 1% cashback received for making payment via HDFC EasyShop Platinum Debit Card

          Reply
  2. jitendra kumar saraogi

    in testflight app for iphone asking for invitation code to redeem so which code to enter?

    Reply
    1. Siddharth Post author

      Just open the link (on mobile) after installing testflight. You should be able to download.

      Reply
      1. jitendra saraogi

        Still not able to open without code so please help.thanks in advance.

        Reply
        1. jitendra kumar saraogi

          please help as i have installed testflight on my iphone but asking for invitation code to redeem so where from i may get same to proceed.
          thanks in advance.

          Reply
          1. Siddharth Post author

            Ignore it. The link should now take you directly to appstore.

  3. Hiren

    Earned close to around 700 Rs. through scratch cards by paying two bills worth 1.1L and 65K on my Amex card, still waiting for payment to reflect on my card account after 1 day, Im hopeful this will work. I paid the payment using debit card, fingers crossed if I get those points too. Other than that, still can’t figure out from their privacy policy what are they doing really with this data.

    Reply
    1. Siddharth Post author

      Rs.700 is great! Yes, it should show up in a day. Worst case, you’ll get the funds refunded.

      For us, its all about reward points. For them, i believe they’re creating a community of people with higher credit scores. So they can allow premium brands to gives us trials, sort of!

      In long run they may come up with new offerings, like their own credit card. Who knows!

      Reply
      1. Naveen

        I paid 65K on my credit card bills and received 65K Cred coins, how to convert them into Rs or encash it.

        Reply
        1. Sharathkumar Anbu

          You can’t convert into Rupees. You can try your luck with #killthebill in which if you burn some 30K coins, if you get lucky you may get some 300, 400 rupees.

          If you want more value, use it for vouchers redemption in their app.

          Reply
  4. Captain Bishuddha Bharatiya

    Wow. Another amazing money maker treasure you found. Thanks a ton Siddharth. Keep up the good work.

    Reply
  5. Prashant Gupta

    Wow cant imagine this can be there…will download now and see…thanks for updating us.

    Reply
    1. Siddharth Post author

      No code. Just re-open the link (on mobile) after installing testflight. You should be able to download.

      Reply
  6. Satish Kumar Agarwal

    Dear Sid

    Lightning fast posting of this review. Yesterday launched n today Reviewed !!!
    I also joined Cred on launch day.

    Pros: 1. UI is damn good/ easy
    2. Pay your CC bill by Debit card also ( I did the same yesterday)
    3. Good coin redemption options
    4. Add upto 10 CCs
    5. Can add spouse CCs also till the time she installs Cred n joins
    6. No need to wait for credit of payments. Gets reflected within minutes
    7. Doesn’t ask for cvv or valid thru dates

    Cons: 1. They ask for your email access too, which somebody may not be comfortable sharing

    Have collected 35K cred coins. But my personal redemption choice is 5000 inr ixigo promo code on burning 2lacs coins ( valid for 93 more days). I hope they don’t preclose this offer.

    Reply
    1. Siddharth Post author

      Yes, Ixigo voucher is best indeed, hope to get sometime soon ๐Ÿ™‚

      Reply
    2. Gagan

      Just a correction, don’t think there is any limit on number of Credit Cards which one can add; I have got 12 verified without issues.

      Reply
      1. Hari

        I am unable to add more than 10 cards. What I understand from their FAQ is if the cards are pre-loaded the limit does not apply. But, if we add them, then 10 is the limit for now.

        Reply
        1. Gagan

          Yes Hari. In my case already had 10 cards pre-loaded and then added 2 more and worked fine.

          Reply
  7. Malavkumar Patel

    Hello Sid,
    1. Can i pay any Credit Card bill with Debit Card via Cred app?
    2. If first is yes then can i pay my Amex CC bill with HDFC debit card via CRED App?
    3. If second is yes then can i get 1% cashback to my HDFC Debit Card as HDFC Debit Card offers 1% cashback on spends with some HDFC Debit Cards, I mean does paying Credit Card bill payment considered valid merchant code for 1% cashback?

    Reply
      1. Sharathkumar Anbu

        HDFC Platinum debit card doesn’t give 1% cashback blindly on all spends. There are restrictions.

        Effective 15th May’17 you will get 1 CashBack point on every Rs. 100 spent on Telecom, Utilities.

        1 CashBack point on every Rs. 200 spent on Groceries & Supermarket, Restaurant & Apparels, Entertainment

        Maximum cap of Rs. 750 per card per month

        No cashback points for all other categories apart from the ones above.

        So IMO, No cashback points will be provided for this since these are just payment apps. You could try paying 1000 rupees and check your reward points in 2 or 3 days

        Reply
        1. Siddharth Post author

          That’s correct. i can confirm that no points being added on HDFC preferred debit card. Yet, Jet debit card should still give JPMiles.

          Reply
          1. Malavkumar Patel

            You should do another article or add to this article about which Debit Card gives points while paying through Cred app, So people can double dip and earn points while spending and when paying back.

          2. Anoop E S

            I just paid RBL credit card bill using HDFC Jet Debit card. Will update on miles part

    1. Atul

      I paid using YES FIRST World Debit Card and I can confirm that I got points based on their usual criteria (which isn’t great) but this is something which I wasn’t getting earlier while paying CC bills so I will take it.

      Reply
  8. Satish Kumar Agarwal

    Just redeemed 2 kill the bill cards of 1000 coins each to receive instant CC credit of inr 48.

    Reply
  9. Malavkumar Patel

    So if i spend on SC Ultimate card, i get 3.3% reward rate and i can pay SC CC bill using HDFC Debit card and get 1% more and i will also be rewarded by CRED app, So basically i am getting close to 5% return on my spends.

    Reply
    1. Siddharth Post author

      Yes, even more than that at times if the offer is too good.

      Reply
    2. Hiren

      I don’t think there are rewards for using your HDFC debit card here. Did you get any?

      Reply
  10. Prakhar

    Amazing!! My only regret.. I just paid a 1lac hill yesterday. Opportunity missed

    Reply
  11. Shivi

    Now, now! The Experian score checked by me was 780 while the one displayed by CRED App was 852! What’s going on? Is the “exclusivity” stamp just an eyewash? Also, the email access to read “only credit card statements” is like knowingly opening Pandora’s box of troubles and compromising your financial and personal life! Just my two cents.

    Reply
    1. Datta1108

      Yes, I agree! It’s trap, its complete lie, they don’t need access to email to credit card statements, they are pulling this information from the credit card.
      Initially, I gave access than then read their privacy statements, but later reverted the access.
      Basically giving email access to them, they can easily read gmail emails, So your Privacy is at stake!
      Food for thought!

      Reply
      1. Prashant Gupta

        I also had the same thought. When they can pull out all cards through mobile number then why they need email access. As of now i have given access.

        If you click manage card one can see segregated expenses for travel, utility, food etc… wonder they will sell this pattern and we will get offers from tele marketers regarding these. This is the only way they can make money i guess. These days data is everything.
        One can see how crownit has also changed its model to surveys, uploading pics of detergents, soaps, etc you use.

        Reply
        1. Datta1108

          There are a lot of ways to make money with data, I completely agree with you.
          But they do get a commission from Credit Card companies for the payment! They are not doing it for free!

          Reply
          1. Siddharth Post author

            CC companies don’t pay AFAIK, or maybe they would, if this makes any sense for banks!

            They may probably use the data to create services on top of it.

        1. Shivi

          Lol! Don’t uninstall – just don’t activate that feature which asks for email access. It’s the first time in my life I am reading the privacy policy and T&C of any app!

          Reply
    2. Sumeet Gupta

      Also, There is a huge difference between cibil score and Experian score, my cibil score was 710, but credapp score was 811,
      Just like indialends shows cibil score of over 850, while in actual it’s just 720 of my colleague.

      Reply
  12. Amann

    One query Sid

    Do they consider Cred as payment or as credit in statement? I’m asking as Yes Bank reverses/ reduces reward points for credits other than payments (like transaction reversal or VAT refund when you shop abroad).

    Reply
    1. Siddharth Post author

      Its a typical IMPS/UPI/NEFT payment, so they wont reverse points.

      Reply
        1. HTC Fan

          No. For Yes bank you will need to wait for one working day. I had made some payments last week.

          Reply
  13. Ebin Johnson

    Ixigo vouchers is very good. Burning points is for d lucky ones. Tried to burn 46000 and managed to get INR 191

    Reply
  14. Datta1108

    Thanks Sid! I have registered. The name needs to same, if there is any spelling mistake app would not recognize you. Till now I was aware of the CIBIL credit rating agency, just learned abt Experian/Crif. Looks like Experian score is equivalent CIBIL as both my scores are almost the same. Crif score, on the other hand, is way lower, not sure why!
    I have around CC payment to do, you mentioned its better to pay from Debit Card for additional benefits? What are those?

    Reply
    1. Nihar

      There are 3 major consumer credit rating agencies – Experian, CIBIL and CRIF along with Equifax. They all have different algorithms although broadly based on same credit parameters but with different weightage. And scores are in the order of Exp>CIBIL>CRIF ; but these scores should not be compared against one another. Only CIBIL can be compared with another CIBIL and likewise.

      Reply
  15. mayank sharma

    Am I the only one getting the message that you are waitlisted on registering.

    Reply
    1. Datta1108

      Seems your CIBIL score is low. They are waitlisting folks with less than 800 CIBIL score.

      Reply
      1. Siddharth Post author

        AFAIK, they aren’t checking CIBIL for now. They’re deciding mostly on experian.

        Reply
        1. Datta1108

          Might be! But I read a couple of articles on the App, where they mentioned this about CIBIL score. In fact, they have gone a step further and hire employees with CIBIL score of more than 800

          Reply
          1. Siddharth Post author

            They said their employees have Cibil>800, but not hired based on it ๐Ÿ˜‰

      2. Zakir

        As per livemint “Cred will initially offer its product to only those customers whose credit scores are at least 750. People with lower scores will be initially waitlisted.”

        Reply
  16. Sudarshan

    Thank for the info. This can be useful for the future credit card payments.
    Yesterday only i paid approx. 80K for my HDFC and SBI credit cards.

    Reply
  17. Ashwin

    Now is a very good time to review the best debit card for 2018 and beyond. What cards are you folks using? I’ve a SBI Signature Debit card with no annual fee and 0.75% reward rate.

    Reply
      1. Ashwin

        The value of the points is cash equivalent, that is, Rs 0.25 per point. I can choose to redeem pre paid cash gift card, redeem by points at POS at Max, Lifestyle, Reliance Trends, etc. I can also choose to do mobile or D2H recharge, book cinema ticket, flight, bus etc. I gift a annual “free” shopping trip to my wife at Reliance Trends/Max/Lifestyle. With CRED, I think it will become a bi-annual shopping trip!

        The good thing is I get this card without paying any annual fee and without any requirement for savings balance. But Rs 25 Lakh NRV (demat, MF, life insurance, home loan or salary over 2 Lakh/month) is required.

        I see that Axis Priority Debit card is the best but they require an savings account balance of 2 Lakh and also we don’t know when they will stop giving the 10% cashback offer. SBI Signature debit card has no reward rate limitations and 0.75% is normal reward rate and not special limited period offer.

        I would request Sid to do a review of Debit Cards too.

        Reply
      1. Prashant Gupta

        I have it….never used the card till date except ATM. Its a binus for me now….

        Reply
  18. Mouli

    Sid,

    If I say this app is awesome ,its an understatement !
    How long this app is in use?great one.
    Because of you we earned lot through credit cards and now because of you we are going to earn good amount in paying the credit card bill also. I wonder whats next in the pipeline ?
    I am checking all my debit cards for better returns
    Yesterday night around 10 pm I paid Citibank CC due but its still not reflecting.
    Someone mentioned that only who has score more than 800 are allowed to register, my score is 785.I think benchmark is 750

    Thanks,
    Mouli

    Reply
    1. Siddharth Post author

      Its out since past 1 week and it went to public on 26th Nov.

      Reply
  19. SH

    I am not sure how he is making through this. I read the TOI article and this is what it says: “We will think of revenues a year or so down the line”

    Reply
    1. Suresh

      Mostly financial products like loans, credit cards will be pushed to the customers, as they are going to have high credit numbers.

      Reply
  20. BhavyeG

    Hi Siddharth,

    Which will be the best Debit Card to pay CC bills on the Cred App? I paid using my Indusind Debit card Hi5 offer which gives a 500 voucher for doing 5 transactions worth Rs 1000 each. Thats a 10% reward.

    Thanks
    Bhavye

    Reply
  21. Srikanth V V

    My Experian score is 707 and my CIBIL score is 777. I got a message saying you are wait listed. So definitely they didn’t consider the CIBIL score. It is good that i got a credit card for wife couple of years back, we use it once in a while and her credit score is 822. Happily using it with her account.
    Paying with debit card seems to take a while (2-3 days or more) to reflect to the credit card. Any idea on when it usually reflects?

    Reply
  22. Rajat Mehra

    I keyed in the details and now the application is under processing. Not sure how long it will take.

    Btw, they need to up the mktg game….. i have a score of 860+ and never knew abt this launch till I read this review. I get helluva lots of card offers but never got any promo from them

    Reply
  23. SH

    Has anyone faced this? Apparently they don’t have my credit record with Experian. The app failed, and then I tried to fetch the record myself through Experian, and there was none.

    Reply
    1. Siddharth Post author

      Yes, one of my friend have this issue too as he’s just ~3 months old to credit system. But your’s should be different case. Try contacting experian.

      Reply
      1. SH

        Now it worked. I am not sure why it was failing. My Experian score is 850, so got that many points (my wife’s is 861 and she has far fewer CCs than I have). By the way I was getting a travel voucher of Rs 600 for 10 creds, which is cool.

        Reply
  24. ANKIT

    Installed the App…but still in doubt to share e-mail access since all our personal mails including financial one are at stake…Sid could you please elaborate on this since you had also given access of your Primary e-mail where all your cc bill statement generates….

    Reply
    1. Siddharth Post author

      I haven’t given access to email as i don’t need those features, at least for now.

      Reply
  25. AJAI

    NOTE: Be sure to pay the CC bill’s 2-3 days prior to the billing date otherwise there can be issues. My payment for Diners Clubmiles has gotten stuck since yesterday and today is the bill date and now the dam HDFC netbanking is also down.

    Where as my AXIS Select bill was Credited within an hour yesterday itself. So this might be growing pains but certainly instant accreditation even with HDFC/ICICI/Etc maybe patchy in the initial days. As for the late fee charges I might get charged talking to HDFC customer care with a preferred status always gets them waved off.

    Reply
    1. Rahul

      Hi Ajai, I am a team member at CRED. Can you please drop me a message at rahul@cred.club, or contact our support team from the app directly, and we will get this checked immediately.

      Reply
      1. Amann

        Hi Rahul

        Nice to see you being proactive here. Do let us know about updates from your products. Will be adding paytm / wallets as payment option?

        Reply
      2. Rahul

        Hi Rahul,

        As a team member for CRED would like to know why would you want access to email accounts?

        Havent seen this request from any of the apps till date.

        It can be a deal breaker to download the app.

        Reply
      3. AJAI

        Thankyou Rahul for the suggestion but it has mostly been taken care off. I received a refund of the amount and have deposited the bill with net banking. The only remaining thing is to get a waver for the late payment which I will handle.

        Thanks again

        Reply
  26. Ashwin

    The Bombay Shaving Co gift voucher is now revised to Rs 750 for the same number of points. They are showing their true colours now? I don’t trust them and have not given email access nor will give even if their is a bait.

    Reply
    1. Siddharth Post author

      Yes, i noticed that. Maybe too many availed it.

      P.S. Remember, we’re getting this just for paying bills. Meaning, something is better than nothing!

      Reply
    2. Rohit

      The ixigo 5K voucher was initially for 1.5 lakh points and a day later got increased to 2 lakh points, so yes they are revising these constantly.

      Reply
  27. Himanshu

    Paid my HDFC and yesbank card bill. Hdfc was instant while yesbank still payment is not reflecting. Got Rs 203 for HDFC bill payment.

    My Experian score is 865 while crif is 758. Shocked to see good score on Experian as no bank is reporting enquires made.

    Reply
    1. Amar

      I can’t Ixigo anymore after I redeemed 1 of it. How were you able to get 3 vouchers?

      Reply
      1. Mouli

        I redeemed 1 Ixigo voucher and cant redeem further, how you got 3 vouchers and you mentioned 3 different account,for the same mobile number you created 3 different accounts?is that possible?

        This limitation by cred is frustrating that you can redeem a voucher only once .
        If you make huge bill payments then except Ixigo vouchers you dont have any other options to redeem for 2Lakh points

        Reply
  28. Mouli

    Sid,
    There is a catch here the amount 170 you earned by using the scratch card is not applicable for customers from Tamil Nadu

    Reply
    1. Siddharth Post author

      They all got credited. I don’t think they’re limiting any offer location wise. Or do they?

      Reply
      1. Siddharth Post author

        Ignore it. It’ll work. Cross checked with our dedicated concierge at CRED ๐Ÿ˜‰

        Reply
        1. Mouli

          Sid,

          Thanks for the confirmation and it worked for me also. I got the credit in my account

          Reply
  29. Ajay

    @sid whos DCB Brother for debit cards? Highest reward point to pay the bill.My debit card has never seen a swipe machine just the ATMs ๐Ÿ™‚

    Reply
  30. Hiren

    On another note, it seems you can only purchase the rewards once. I got a BSC 1000 voucher and an UrbanClap voucher (5000 points -> 1000 Rs./-) however I still have balance points I can potentially burn, but can’t see these 2 vouchers anymore under rewards section.

    Reply
  31. Mayank Agarwal

    Paid Rs 5000 for ICICI CC bill just to test the things…payment credited instantly…and earned Rs 1000 as additional credit!

    Reply
  32. rajeev

    Tried out the app. Had some UI problems while doing sign up like next button not appearing after entering phone number. But things were smooth after retrying.

    It could map my phone number to fetch HDFC, Amex and SBI card but not Yes bank one which I later added manually.

    It showed my experian score as 827 and Cref 799. Does anyone know what’s the difference between the way two are calculated ? Not sure why cref is lower. Last time I checked my CIBIL score, it was 820.

    Reply
  33. Sanket

    Ive noticed for the Cred Expert feature one can only add gmail account. I get all my cc statements in my outlook account. I probably would not want to give the app access to my outlook anyways but Im thinking if I simply forward the statement related mails to a throwaway gmail account would that CRED Expert feature still work?

    Reply
    1. Siddharth Post author

      Yes, that should work. Make sure to do auto forwarding than manual.

      Reply
      1. Animesh

        I wonder, why they need email access for card statements? Suppose, they got access to email, now how they are going to access those statements? Credit card statements are always came as encrypted with password. And Amex never sent statements in email as attachment. They just sent a notification.

        Reply
  34. Zakir

    Many CC holder including me here reluctant to give access our email account to Cred. Sanketโ€™s idea of a separate email account is really good. If it works we will able to share statements without compromising our personal data.

    I think Cred should come with an alternative solution otherwise people may not use Cred as expected.

    Reply
  35. Anuj

    Dear Sid, its always a pleasure to read articles like these.
    Which debit card would you and Dr Roy suggest to pay these bill to get the maximum value.
    Cheers

    Reply
  36. surya kiran

    With Cred, we can pay credit card bills by debit cards.Why can’t you make a blog on best rewarding debit cards or mention in the comments ๐Ÿ˜€

    Reply
      1. AJAI

        +1 about the most rewarding debit card list.

        I too have upgraded from Preferred platinum debit card to a Jetprivlage debit card “FYF :)” specially for this reason.

        Reply
          1. Gagan

            I think he meant “First year free” buy FYF. Leant from HDFC website.

  37. Ramesh Padmanaban

    Thank Siddharth for the new find. I installed it and was able to access the map. I updated the app. Later, while logging in, it is asking for CRED Secure password. I have not given any password. Does anyone experience the same problem ?

    Reply
    1. Omkar

      Hi Ramesh, it should be the password you routinely use to unlock your phone.

      Reply
      1. Ramesh Padmanaban

        Thanks for the reply. I normally use a pattern to unlock the phone but here it is asking for a numeric password. I have escalated the issue to CRED support.

        Reply
        1. Ramesh Padmanaban

          The support team asked me to enter new password twice and problem was solved. Thnx

          Reply
  38. Sameer Khurana

    Fantastic concept of rewards against credit card bill payment. However, this makes me wonder how these guys would be earning. Also just my mobile number is enough to get my credit card details? This scares me.

    Reply
  39. Raj

    What are the credit card score ranges for Experian and Crif? It’s weird that in the app my Experian score shows 900 and Crif 770.

    Are these even real scores?

    Reply
  40. Arjun Jayasimha

    Has anyone tried the redemption of recliner on Furlenco or 10k on urban ladder? What are the terms and conditions of these redemptions?

    Reply
  41. Anitha

    I tried this app. I have entered my name and phone number initially. But it says i am ‘wait-listed’. I will be informed if there are any slots to add me. What is this? i don’t understand. What slots they need. Is it restricted membership kind of app. Somebody through some light on this issue.

    Reply
  42. Rajesh Kodityala

    Thank you Sid. I have many such apps but didn’t take risk to give the credit card details.. As i am following you from long time with trustworthiness of you i installed app. And got 896 points, so it seems i have good credit score.

    Reply
  43. Prashant Gupta

    I only got a discount of Rs.627 on the order for a voucher value of Rs.750 for Bombayshavingcompany……strange

    Reply
    1. Sharathkumar Anbu

      You won’t be able to pay tax component using that voucher.. Taxes has to be paid by real money

      Reply
    2. Priyank

      Better you add one face cream/ face wash as well and use my Referral code along with the gift voucher ‘PK3IKA’ to get extra Rs. 200 off.

      Hope it helps.

      Reply
      1. Priyank

        If you are able to get Rs. 1000 voucher. One of the best way to redeem it would be –
        (Combo of Face cream + Face wash) + ( Pack of 4 soap) = Rs. 1290

        Now use the welcome voucher from Cred and Referral code mentioned above.

        Net total you’ll have to pay will be just Rs. 90

        I hope you all make the best use of this ๐Ÿ™‚

        Reply
  44. ankit verma

    I applied for CRED and it shows me in waiting list… how much time will it take to move me from waiting list to a registered user.

    Reply
  45. Priyank

    Hi Sid,

    Can you please confirm if there is any expiry to these Cred points?

    So that we can plan to accumulate and use to get max benefit appropriately.

    Thank you.

    Reply
  46. Prabhat

    Hi Sid,
    Thanks to introduce us to this new App. I have installed and joined. My experian score is showing NA but CRIF is 805. I have got 885 Cred point and Rs. 600 discount voucher offer on Ixigo.

    Reply
  47. Nihar

    It would be interesting to see how dynamic they are with regards to this Credit Score part , as it is based on historical creditworthiness ; anybody with 800 score on Experian can also default in future . What CRED needs to do is periodically check for the scores of registered users / wait-listed users and be dynamic .

    Reply
  48. Prashant Gupta

    i have Axis priority debit card. It has an offer of 10% cashback upto Rs.2500 per quartre if one spends above Rs.20000 online except wallet payments. I have never availed this offer though as i am a credit card guy. Lets see if i get the cash back.

    Reply
  49. Varun

    Thanks Sid for updating us on this wonderful app. Installed the app. My Experian score is 820. Paid around 4.5 Lacs of pending bill. Redeemed for 2 ixigo 5k voucher and cash of about 234 rs.

    Reply
    1. Mouli

      Varun

      I redeemed only one ixigo voucher for 5k then I am not seeing ixigo option, how were you able to get 2 vouchers and when you did the redemptiom ?

      Reply
  50. Vaibhav

    does a ny axis or hdfc debit card give cahsback points on paying credit card bills on this app?

    Reply
    1. Srikanth V V

      Hdfc it didn’t give any cashback points. I have tried twice with hdfc platinum debit card

      Reply
  51. SHILADITYA CHAUDHURY

    I will try out this App.
    But please be aware of providing permissions to your emails. It is really scary to think of how that can be misused. No point in sacrificing privacy and security just for a little convenience.

    Reply
  52. NIKHIL GUPTA

    Got 889 Points as initial Setup reward equivalent to my Experian Score redeemed 600 ixigo voucher for 10Points ๐Ÿ˜, didn’t enable Email access, have another doubt in my mind , for my SBI & Citi card it asked for only 6 digits but for ICICI & Yes Bank it asks for entire 16 digits , why is it so?

    Reply
  53. Dipesh Saraf

    which are the coupons/offers which can be used redeemed repeatedly ? in the rewards section.. looks there is considerble restrain on the numbe of time the coupon can be redeemed…

    Reply
  54. Mohan

    Did anyone benefit by paying thru debit card, i try on HDFC and YES debit card, no points.

    Reply
  55. Abhi

    Sid, it seems like you and everyone else are comfortable handing over CC number to a third party (on a platter) Am I the only one who feels paranoid about it ? How safe is it to share CC number (which we are NOT suppose to share) ? Payment gateways are different thing, we can still trust them (I don’t even save my cards on any websites, that is why all my Amazon orders are postpaid)

    Reply
    1. Jas

      Hi Abhi,
      There are people who dont want to buy credit cards at all and then there are some people who want to enjoy the benefits of using a cc. Same product different people different perspectives.

      A credit card number without exp date and CVV is not harmful and moreover even if the card number getting misused you can raise a complaint with the CC company and they would reverse the transaction as all the CC transactions are usually approved and posted on the card in t+2 days.

      If we are getting the rewards at a rate which is more than 5%, i think it is worth the risk.

      If you think that CC company would not be responsive to your complaint.. get an AMEX and then use it here:)

      Regards Jas Singh

      Reply
  56. UnderstandingCredit

    Hey I won Rs. 554 in one shot for 15000 cred points… super happy ๐Ÿ™‚

    Reply
  57. Anirban

    Interesting app. Went for the bombay shaving company gift card of Rs 750. It seems a trial based offer and now that i availed it, its no longer there. Will go for the other ones as well .

    Reply
  58. Dev

    Hey! I wanted to know that the payment i will be making will be reflected on what name in my debit account? Like the app or the Credit Card Bank?
    Please help

    Reply
    1. Sharathkumar Anbu

      In my account, it is shown like “Dreamplug Technologies PV”, Sometimes “PayU”

      Reply
  59. Madhusudhan

    Those who have given access to email with a dilema, can delink the access with a built in feature of cred app. This can be done through profile-settings- delink email.
    I have done this .

    Reply
  60. Sarthak

    This is some next level insanity! Thanks a lot Sid for sharing this!!!

    I installed it a couple of days back. Redeemed and used vouchers of Bombay Shaving Company (750), Urban Clap (500), The Moms Co. (500), The Mans Company (1000; no shipping charge :-D), BMS (250).

    When I checked yesterday, saw that they had 1 more voucher of Bombay Shaving Co., (1000) and Urban Clap (1000). Redeemed and used them as well.

    That’s not it. Got 2 x Ixigo vouchers (600+1000), Bombay Shirt (1000) and DriveU (500).

    So got items/services worth 5000 for just paying my CC bill worth 50K !!!!! That’s 10% value back already and yet to redeem 6% more. Overall 16% value back. MIND BLOWN!!!

    I hope Jet Airways doesn’t go out of business as I’m planing to upgrade my HDFC Platinum Debit card to Jet Airways one.

    PS: I didn’t give them email permissions and never will.

    Reply
    1. Anirban

      Thats cool. I didnt find that 1k bombay shaving voucher in the app. Already availed the 750 one. Lets hope it pop up soon for me as well. Excellent find Sid…. thanks.

      Reply
  61. Ashish Nikhare

    My Diners Clubmiles Credit Card Limit was increased by a mere Rs. 23,000 /- after sending a copy of my Indusind Bank Legend Credit Card at their Chennai address, whose limit was recently increased to Rs. 7.25 lakhs. Struggling to get Rs. 5 Lakhs Limit & upgrade to Black as well.

    Reply
  62. dhara

    This is strange no one talking about privacy !
    When we sineup we are giving permission to access our Credit score and report from three different buro like CIBIL, Crif, Experian for 12 months on behalf of us this is major point but every one ignoring this these are the same people who talk about Aadhaar Data privacy

    Reply
  63. Priyank

    Does anyone have an idea, under which merchant category/ code does Cred app payment (PAYUDREAMPLUG) fall under?

    Reason for asking this – we can maximise our benefits further by using appropriate debit card.

    Please advise.

    Reply
  64. Aayush Chawla

    Hey,
    This app is great, I’ve already recommended over 10 people to join, unfortunately they don’t have a referral program ๐Ÿ˜€
    It’s better to redeem the points ASAP as they have started devaluing the redemption.
    Example: BSC now gives a voucher of 750 instead of 1000.

    Regards,
    Aayush

    Reply
  65. KRISHNAKUMAR

    Ixigo Voucher of Rs 5000 gone. Only Rs 1000 and Rs 600 is seen now.

    Reply
    1. Sharathkumar Anbu

      Nope. I still see the ixigo voucher of 5000 Rupees. May be if you have redeemed the 5000 rupees voucher already, it may not show up.

      Reply
    2. AJAI

      Mine increased from 90days validity to 120days so I have another month to gather points for the 5000 off

      Reply
  66. Vimal

    Experience Of CRED Customer care:

    Wanted to know the validity of CRED points so dropped them a message from the App.
    Was pleased to get a call back from customer executive, who had answers to all my queries, was forthcoming on my suggestions to show validity in the app itself for expiry of points. Exiry is FIFO method. Also, the conversation was very much on the lines of Amex Customer support- knowledgeable, warmth, open to suggestions! Hope they have similar executives which would be an enriching experience to use the App.

    Reply
  67. Sravan

    Has anyone used bookmyshow voucher? I am getting an error that the coupon code is not activated.

    Reply
  68. Shahil

    I am giving away The Man Company coupon worth 10,000 CRED points which will get you Rs. 1000 discount on their website, but you will need to spend 1,750 to redeem this coupon. I bought this by mistake and didn’t knew there is a condition on this, hence giving away the coupon so that someone who might actually be using their products may get this discount.

    The coupon code is : CREDTMC-2vm8an

    Regards,
    Shahil

    Reply
  69. Amar

    Guys – need to know if any bank debit cards are giving reward points on payments through CRED.
    I tried payment using my Citi Gold debit card, but they are not giving points on transactions where it says CRED or Dreamplug. On a couple of smaller transactions, where the name was payu, I got points but now all transactions come as CRED.
    How about ICICI, HDFC etc?

    Reply
  70. Saurabh

    CRED coins will expire automatically after a lapse of 90 days from the date of allotment.

    No matter you pay 50k or 10 lac per month, burn the points quickly as they are valid for 90 days only

    Reply
  71. Jayesh Kumar

    I believe the best payment option is via CitiBank Priority World Debit Card, gives 1.33% cash reward. Citibank has a referral program as well, if interested get in touch with me.

    Reply
  72. Pratik

    Thanks Siddharth!

    With your help and introduction to cred i was able to pay my bills and redeem Rs.5000/- ixigo flight ticket voucher.

    Ps. Because of you I now have 7 credit cards and miles to Travel world.

    Reply
  73. imran

    they have added sunburn festival vip pass worth Rs. 9999/- for mere 75000 points. that’s cool. i

    Reply

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