How to Use Cred Coins – A Comprehensive Guide

What if we told you that you could get an app that provides you with attractive rewards when you promptly pay your credit card dues? Yes, it’s true. CRED – a new-gen fintech app – has made it easier for people to make their credit card payments on time. If you use this app, you can look forward to reaping the most significant benefits out of this app in the form of CRED coins.

What are CRED Coins?

CRED coins are the virtual currency or coins you get every time you pay the credit card bill through the CRED app. The sole purpose behind investing this app is to reward people with financial responsibility. This way they will be able to maintain great credit behaviour by not missing the due date and paying the bill on time. 

For every rupee being paid through this app towards your credit card bill, you get an equal number of CRED coins. It doesn’t get better than this. Moreover, this app enables you to make Personal Loan payments, credit debts, rent payments, and more. 

What can I do with the coins earned?

Well, it has plenty of uses. Getting CRED coins is going to provide you with a plethora of significant benefits you can’t possibly imagine. You can expect a great discount on your favourite products. 

Keep in mind that not everybody can use a CRED app and CRED coins. People, with a credit  score of 750 and above, are eligible to use the app and enjoy its benefits as well. So, ensure that you have a credit score of no less than 750. You need to Increase CIBIL score quickly if you are looking to take advantage of such a fantastic app in terms of getting discounts, contributing to great savings.

Some Great Features of CRED You Must Know About

Aside from being a credit card app and letting you know about your credit score, CRED has multiple features. Let us find what all you can do using a CRED app.

• CRED has partnered with many reputable brands that benefit you with rewards upon using the app.
• The app reminds you to make your credit card dues on time; hence, it helps boost your credit score.
• The app helps you detect all the hidden charges that may be imposed on you by various brands. Also, it informs you of the credit limit in real-time.
• The app fetches you CRED points that you can use for playing exciting games and raffles. Win great cashbacks and exclusive rewards.
• Being a user of the CRED app grants you the access to the CRED store offering exclusive goods and attractive prices. 
• Every transaction you make through the CRED app is encrypted. So, there is no need to worry about a transaction being hacked.
• The CRED app comes equipped with an SIP calculator.
• This amazing app comes with a calculator for various loan types like home, car, simple, etc. Also, you can calculate the amount for fixed and recurring deposit.
• Another vital benefit of using a CRED app is that it comes with an EMI calculator.

How to Use CRED Coins?

Here we will help you understand a step-by-step process of “How to use CRED coins”:

• Download the CRED App

Does your smartphone have the CRED app already? If yes, you can overlooked this part. If it does not, you can visit the Play Store and proceed with its download.

• Click the Club Option

Now, open the CRED app and look for the club option and click on the same. Scroll through the app and find the list of websites such as Amazon, Flipkart, Myntra, etc. Pick the site you desire.

• Move Towards the Pop Up Option

Once you are done choosing your preferred website, what you will get is a pop up option. Here you can use the earned CRED coins on any E-commerce website. When you use 3000 CRED coins, you avail a discount between 10% and 15%.” That’s simply amazing, isn’t it?

• Go to Your Winnings

Find an option known as “Your Winnings” on the app. After you open the option, you will find the voucher code. Simply copy the code.

• Use the Link to Purchase the Product

Have you copied the voucher code? Now, tap the detail option available. Then, proceed with clicking the “Know More” option. It provides you with a link that you can use to make purchase of the product you want.

• Click on Apply Coupon

After choosing the product, tap the “Apply Coupon” option. However, you need to ensure that you do this prior to making the payment. Paste the voucher code that has been copied previously.

Using CRED coins is a piece of cake. All you need to do is follow the six simple steps mentioned above and there you go. Now, your wait to be benefited with wonderful rewards is over.

What Rewards Can I Unlock in the CRED App?

Below are some of the most common rewards that you can enjoy by using CRED coins through the app:

• Assured Voucher: These vouchers offer great discounts as well as rewards, but they are available only on selected products. After you claim an assured voucher, you will definitely receive an award. You can unlock assured vouchers by using CRED coins.
• Cashback Rewards: Calculated as the transaction amount’s percentage, cashback is a great incentive you can look forward to. When you make payments through the app, you stand eligible to receive these rewards.
• Special Access: CRED has tied up with numerous brands, stores, and businesses as well. Their motive is to offer the best of the best deals to all those people using the CRED app. You can get the most out of these deals in the form of additional perks, extra discounts, and assured benefits which ordinary customers cannot avail.
• Jackpots: In the rewards of the CRED app, you will find a playable mini-game. You will need CRED coins for playing jackpots. 
• Cred Pay Rewards: Other than CRED coins that you earn by making timely credit card bills, you can boost your winnings by using CRED Pay for making regular payments.

Why Should I Use CRED?

With so much stated above about the CRED app, let us delve into why using the CRED app will work in your favour.

• There are times when you miss making credit card payments on time and an interest pr late fee is levied on your credit card bill. The CRED app gives you reminders periodically so you don’t miss the due date when it comes to paying the credit card bill.
• When you use a credit card, it typically provides you with deals, gifts, offers, rewards, and more. However, these deals are for a limited period of time. So, the CRED app helps you manage your credit cards.
• You can make all the payments in one place with CRED Max. No need to switch from one platform to another for paying various bills. Pay the Emergency loan, house rent, utility bills and more in one place. In return, expect gifts, cashbacks, etc.

Founded by Kunal Shah, CRED has taken a crucial step forward by allowing users to use their CRED coins not only for online but also offline purchases. These coins were mainly used for in-app purchases on the CRED’s platform. However, this fintech firm is navigating a new feature, enabling app users to have these coins redeemed at multiple merchant outlets and other online platforms.

Winding Up

There is no denying the fact that the CRED app has transformed the way people manage their credit card payments and other expenses. This amazing app provides digital tokens known as “CRED Coins” as a reward when you pay credit card bills on time through the app. Not only is it easy to use the app for bill payments, but it also provides various benefits. Don’t forget to use CRED next time when paying your credit card bills.