What is CRED App? Know all about this app that rewards users with CRED coins

re are a lot of mobile apps se days that reward customers for using m, such as PhonePay, Paytm and many more. One of latest apps to enter digital payments market is CRED App. CRED App has become quite popular and many people have been searching on Google for more information on this app. Read on to kw what is CRED app and functions it fulfils. 

What is CRED App?

CRED is an online payments app that's linked to your credit cards. app has been made by Kunal Shah, founder of company FreeCharge. CRED App aims to make using your credit cards earlier and automated. app also offers many rewards for using in  form of CRED coins, which can be redeemed for cash or offers. However, t everyone is eligible to use CRED app. CRED app only accepts users who have a credit score above 750. app checks your credit score through your phone number which is connected to your bank account. If you do t qualify for entry into app, you are put on a waitlist. 

You can also use CRED App to make payments via debit cards, UPI or CRED Cash balance. When users make payments with CRED App using ir credit cards, users are rewarded with CRED coins. Users can use CRED points to get discounts on online shopping, booking tickets, making payments etc. 

Users can also redeem CRED coins for actual money with ir 'Kill Bill' option, which is essentially a cashback offer. When you use 'Kill Bill', all of your accumulated CRED coins are transferred into credit card you have registered on app. Users can get Rs.5-10 for redeeming 1000 CRED coins. CRED App makes using credits cards easier. app tracks all of your credit card activity and spending pattern and sends users reports. app also informs users about any unexpected fees or charges that have been charged to your credit card. Additionally, CRED app also tifies users about any upcoming payments. CRED is a good app to keep track of your credit card expenses, however, re is also one catch. 

When using apps like se, users have to store ir personal data onto se apps. Many times database of apps like se can get hacked and if you store sensitive debit/credit card information in se apps, hackers can get this information, essentially leaving you vulnerable. Before using any online payments app, users should research security measures that are in place to protect user data. 

Im Source: CRED Website