Incredible Ways on How to use Cred Coins 2024: How to convert cred coins to cash. How to Use Cred Coins, How To Redeem Cred Coins Into Cash. How to Use Cred Coins in amazon, Myntra. Redeem CRED Coins to Cash.
Cred Coins
The digital system in the world has made the use of money safe and more accessible to customers. The use of Cred Coins enables customers to pay their loans, rent, and also credit debts with the exchange of rewards with specific vouchers, gifts, and Cred points. It is a fun and easy-to-use app that not only helps customers maintain their credit card bill payments but also gives amazing offers and rewards.
Cred Coins are coins a customer gets from the Cred app when they pay Credit card bills using the Cred app and are gifted some coins. Customers with Credit Coins use them for online shopping, thus gaining discount on their favourite products.
What is CRED?
CRED is an Indian fintech company founded in Bangalore in 2018 by Kunal Shah. It is a rewarding credit card payment app that helps users make their house rent and provides short-term credit lines. The online platform only accepts credit cards that have a credit score above 750.
Benefits of CRED
Cred is a well-known online app that gives customers rewards for paying their credit bills on time.
The following are some of the benefits of the Cred app. They include;
- Customers can check their credit limit in real-time
- The beneficiaries can manage their credit card payments as well as education fees and phone bills
- It assists customers in knowing the hidden charges that may be imposed on them
- Customers get a reward of 45 days of credit-free period by using CRED rent pay
- It offers customers a reminder to pay their credit card bills in time
- Cred also helps customers maintain an error-free credit report as it sends a notification in case of any suspicious activity on the card
- All customer transactions are encrypted and safe
- The app allows users to use multiple Credit cards, and they can track the offers available on the cards.
Cons of Using CRED
Apart from the benefits offered by CRED, it also has some disadvantages.
They include;
- Limited availability
Cred is only available to customers with a credit score of 750 or above.
- Limited partner banks
While it has partnerships with over 35 banks and financial institutions in India, it still needs to be expanded to other banks and financial institutions to cover all users.
- Annual membership fee
It charges an annual membership fee of Rs.999, which may prevent some people from participating.
How to USE CRED COINS
Steps on how to use Cred Coins
The guide below shows basic and simple steps that take you to the world of stunning Cred rewards. They include;
- The user will go to the Play Store and Download CRED APP
- Proceed by clicking the club option
- The customer should head on to the up option
- Then go to your winnings
- The user will buy the product using the link you get
- Finally, tap on the Apply coupon
How to Pay Credit Card Bill in CRED APP
The procedure of paying Credit Card Bills in the CRED APP
The users are supposed to burn their CRED coins in order to turn them into cash.
Here is the procedure for paying credit card bills online with the CRED app:
They are as follows;
- The user will open the CRED APP on their device
- Follow the Credit card payment option
- Proceed by selecting the credit card you want
- The customer will enter the amount they need to pay
- Then tap on the option ”proceed.”
- The user will choose the payment option, i.e., UPI, net banking, or debit card
- Finally, proceed with the payment. Here, the customer is done paying their credit card bills
Reasons for Paying Credit Card Bills on Time
Customers not paying their credit card bills on time may cause some problems.
Here are some of the reasons why customers should be actively paying their credit card bills on time.
They include;
- It will help the customer to avoid high rates of interest
- The customer will maintain a good credit score
- If the customer pays their credit card bill on time, your bank may offer you a higher credit limit.
- A late fee is charged to your credit card issuers
What are Cred Coins?
Cred Coins are a form of digital currency awarded to its users by the Cred app as a reward for making timely credit card payments. They can be used to redeem various offers and participate in lotteries.
How to Use CRED Coins to Cash?
How to redeem Cred Coins to users: Every time a customer pays their credit card bills, they get CRED coins equivalent to their payment amount. Users can also convert their CRED cash easily just by using the” BURN” option.
Steps to get the BURN option in the Cred App: Users can get the “burn” option in the Cred App quickly by following the steps below;
They are as follows;
- The user will open the Cred APP on their device
- Proceed by going to your rewards section
- The customer will find their cashback rewards in the rewards section
- Option redeem or burn your CRED points will appear on your screen
- The user will swipe down and successfully burn your CRED coins, where they will be converted to cash on your credit card.
Download Cred APP link
Converting Cred Coins to cash
Customers can convert their credit coins by using the option “Burn” in the Cred app. Once you burn, you can store it in an offline wallet or transfer it to a hardware wallet and use it to make various purchases.
Ways to Use Cred Coins to Cash
Customers can successfully enjoy using Cred Coins in the form of cash in the following ways;
They include;
- OnlineShopping
Cred coins can be used to shop anything from cashback on utility payments to significant discounts on food items. If coins are redeemed while making purchases, it will help save extra money.
- Bill Payments
Coins made on paying utility bills, college fees, and insurance premiums through credit can be redeemed for equivalent cashback, too.
- Rental payment
Customers paying rent and monthly installments through Cred also earn some coins.More earnings can be redeemed to open a 45-day interest-free credit line that assists in better managing cash flows.
- Travel bookings
Attractive deals on domestic and international flights and hotel bookings are presented to users through CRED travel stores. Coins can balance booking charges fully or partially.
Benefits of Cred Coins
Here are some of the benefits offered by Cred coins.
They are as follows;
- The Coins offer the ability to redeem, burn, or use coins for exciting prizes
- It offers discounts on a wide range of products, travel deals, and experiences.
- One can access low transaction fees for customers
- It provides fast and secure transaction
- Cred Coins offer easy International transactions all over the world
Offers found on the Cred APP Using Cred Coins
Customers using the Cred coins through the Cred app benefit from some offers, which include;
- Exclusive offers
The customer offers can range from discounts on online shopping to cashback on services.It unlocks special offers and discounts from various partner brands.
- Cred Lottery
It hosts a unique lottery system where customers can use Cred Coins to purchase tickets. Also, users can get a chance to win exciting prizes like gift vouchers and smartphones.
- Cred Communities
This is a platformwithin the app that allows customers to connect with other credit users based on their credit card preferences.Customers can join premium communities using Cred Coins.
- Cred Pay
Customers can pay their credit card bills using credit pay, making it a convenient and rewarding experience for users.
10,000 Cred Coins Value in Indian Rupees
One CRED coin equals 0.022 rupees. Customers can get a CRED coin for every rupee spent on the app. So 10,000 cred coins are equal to two hundred and twenty Indian rupees. One can change the coins into cash or keep them as cred coins.
How to use Cred Coins in Amazon
Using CRED Coins in Amazon
Customers can shop from various online platforms by applying vouchers and discounts from their CRED coins for shopping on Amazon.
The guide below will help you to redeem the voucher for Amazon.
They are as follows;
- The customer will open the Cred APP
- Proceed to the club tab option
- There, the user will see various offers and deals
- The user is supposed to scroll down through the offers and deals and will find a voucher that you can redeem and shop from Amazon.
- Now, customers will visit Amazon and add the voucher code while making the purchase.
- Here, the user will be able to purchase on Amazon by using CRED coins
How to Use Cred Coins in Myntra
Using Cred Coins in Myntra
Customers can get various deals and offers on the CRED app by purchasing products from Myntra.The user will burn a certain amount of the CRED cash to avail of the offers and purchase from Myntra.
Here are some steps the user will use to CRED coins to shop from Myntra;
They include;
- The user will open the CRED app and go to burn your CRED coins
- The customer is supposed to burn at least 1000 credit coins
- Proceed to the club section of the CRED app
- Now, the user will open the Myntra mystery banner and then avail 15%- 100% on buying products from Myntra.
List of the APPS that Accept Payments through Cred APP
Here are some of the famous lists of apps where users can use their credit cards to purchase goods and services.
They are as follows;
- Amazon
- Myntra
- Flipkart
- Swiggy
- Big basket
- Mamaearth
- Adidas
- Zomato
- Paytm
- Freecharge
- Mobikwik
- McDonald’s
- Airtel
- Jio
- Domino’s
- Fresh at Home
- GOIBIBO
- Ajio
How to Get 777 in Cred
Customers can collect CRED coins and try to win a mega jackpot, and if they are lucky enough to get 777,they will be rewarded with unbelievable and fantastic prices. The more a customer collects the CRED coins, the more chances of playing the Mega jackpot, which will increase the chance of winning the rewards.
Cred Coins Validity
Cred Coins are typically valid for a year from the date of their claim, although the user must check on the validity periodically through the in-app chat support. It is often good to use, redeem, or burn them to make the most of the facilities provided by Cred.
CRED Customer Care Number
| https://www.facebook.com/CRED.club.official | |
| https://www.instagram.com/cred_club | |
| https://twitter.com/cred_club | |
| https://www.linkedin.com/company/credapp/ |
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FAQS
- Who founded the CRED app?
The CRED app was founded in 2018 by Kunal Shah in Bangalore
- How can I track my Cred Coins balance?
Customers can track their Cred coins balance by checking the “Rewards” section of the Cred app.
- How do I redeem credit points in cash?
Customers must select the burn option in order to redeem the CRED coins. The system will immediately transfer the cash value of the points to that card. The Cred points will eventually be converted equally by the system.