Regarding Cred app

[gegobyte]

Cred Protect analyzes the transactions and can detect hidden charges which may catch you by surprise like finance charges.

[shikharmakkar]

can you please tell what kind of hidden charges you are talking about?

[gegobyte]

Loan Foreclosure on Credit Card

If you ever decide to launch credit cards in future, this may come in handy. So as you know banks offer loans on credit cards. Now if you try to foreclose it, one may think that they need to pay the balance amount + interest + foreclosure charges to close the loan but what very few people know is that they also need to pay the unrelated unbilled transactions on card at the same time and what is not surprising is that most bank employees themselves have no clue about it. Generally people think t…

[Aman_Maurya]

I did this a lot with google calculator.

[Dhruv]

Burner mail worked

[skpradhan2005 (Subrata)]

I agree on your point about Cred Coins, but these days on every credit card payment of Rs1000 or Rs5000 they give an option to encash the cred cash. Overall, the cashback isn’t that big (usually ₹5-₹10), but as a credit card managing app it stands awesome.

[Krishnendu_Chowdhury (krishc)]

yes, same for me
the convenience of managing all cards in one place is the reason I use the app
and those cashback are not bad compared to what other apps give, over a year it sums up to quite a tidy sum

[gegobyte]

@skpradhan2005

but these days on every credit card payment of Rs1000 or Rs5000 they give an option to encash the cred cash

Cred cash isn’t cashback, it’s a loan. Perhaps you are talking about something else. I am not able to find any option to convert cred coins to cash which gets credited in card account

[LUKA (BETHALA LUKA)]

I never installed CRED till date. But thinking to use. How safe it is ? Why we need to provide PAN card info just to create a account?

[Krishnendu_Chowdhury (krishc)]

he is not talking about cred cash which is a credit line
it’s cashback against cred coins
it only becomes available after you’ve made a payment
if you don’t avail that within a day or so, it disappears

[gegobyte]

Strange, I have never seen this cashback. Perhaps it’s hidden somewhere, what’s the max amount of cashback?

[shikharmakkar]

Cred fetches your credit score using the PAN card. If it meets their criteria, you would be able to create an account. If not, you will be put on a waiting list and will be invited once your credit score meets their requirement.

[Krishnendu_Chowdhury (krishc)]

max is really high
like 1k, 5k, 10k depending on your bill amount and the coin being spent
but what you actually get varies between 5 to 20
it is not actually hidden, when you pay a bill, a option comes saying like claim your rewards etc if you click there usual cred rewards page opens up and there scrolling downwards you’ll see these things

[alexnazy (Alex Nazarene)]

@gegobyte In case you miss to click “Claim Rewards” at the time of credit card payment, you can get the same from Club > Rewards section… In fact you can see these vouchers anytime. But they are locked and they are activated only when you pay the bill.

There are 4 options…

1. Earn up to 1000 (Minimum credit card bill payment of Rs.1000 to get this activated)
2. Earn up to 5000 (Min payment of Rs.5000)
3. Earn up to 10000 (Min payment of Rs.20000)
4. Earn up to 100000 (Min payment of Rs.50000)

You can claim upto 5 times of each tier.

[gegobyte]

Thanks, found those in rewards section.

[gegobyte]

@Krishnendu_Chowdhury

what you actually get varies between 5 to 20

yeah pretty pointless. There is not a single good use of those coins.

[CarolinMerces (彡 𝕻𝖊𝖓𝖓𝖞𝖜𝖎𝖘𝖊 𝕿𝖍𝖊 𝕯𝖆𝖓𝖈𝖎𝖓𝖌 𝕮𝖑𝖔𝖜𝖓 彡)]

Really?

Then what is this?

[gegobyte]

that may be an outlier, can’t find deals like that often. Also you should cross check the price on Amazon too just to find out the actual difference.

[CarolinMerces (彡 𝕻𝖊𝖓𝖓𝖞𝖜𝖎𝖘𝖊 𝕿𝖍𝖊 𝕯𝖆𝖓𝖈𝖎𝖓𝖌 𝕮𝖑𝖔𝖜𝖓 彡)]

I have already checked on Amazon 400+ price was mentioned On Amzn.