[CRED app Review 2024] How to have Eligibility to join and Guide on Earning CRED Rewards! FAQs

How to become a member of CRED?

Here’s how you can become a member of CRED:

1. Sign up on CRED using your name and a valid mobile number from India. Check how to sign up with Referral Code here.
2. Add Credit Card and other details later.
3. To become a member, you need to have an Experian credit score of 750 or higher.

Here’s how to find out your credit score:

1. Once you’re a CRED member, view and update your credit score in app.
2. CRED then gets your latest credit score through a soft inquiry from CIBIL.
3. You can also access your credit score on CRED without any additional fees.
4. CRED app allows regularly monitoring of your credit score and adjust your spending habits for a good credit standing.
5. CRED offers tools to check your Equifax, CRIF, and Experian credit scores for free.

How to earn CRED Rewards?

Members have two distinct ways to earn rewards: CRED Coins and Gems.

CRED Coin Rewards:

• Each rupee cleared on your credit card bill via CRED earns you a CRED coin.
• Utilize accumulated CRED coins to access exclusive rewards offered by various brands.

CRED Gem Rewards:

• When you refer someone to CRED and they make a bill payment, you receive 10 gems.

How to Add a New Card in CRED App:

1. Begin by opening the app and navigating to the cards section, then tap on it.
2. On the screen, there will be an “Add Card” option, simply click on it.
3. Input your credit card details and click on “Continue”.
4. Finally, make sure to review the information and you’re all set to proceed.

Pros and Cons of Using the Cred App

Benefits of Cred App:

• Is CRED SAFE?: CRED ensures that all the personal data and transactions are encrypted and has to follow RBI guidelines, check here.
• We have multiple payment options for settling your credit card bills, including internet banking, UPI (Unified Payments Interface), and automated payments through the app.
• Exclusivity of good credit score members, keeping their system financially clean.
• If users don’t initially meet the minimum required credit score, they can still become part of the CRED community. However, they won’t be able to make payments until their credit score reaches at least 750.

Disadvantages of Cred App:

• Initially in CRED App, many users faced issues of failed payments.
• Lots of times the referral program doesn’t give rewards.