Is cred app trustworthy?

We are a PCI DSS v3. 2.1 certified company which means we have implemented applicable industry standard security controls governed by PCI council that helps us protect all our customer’s card data in a highly secure manner. We have successfully completed UPI compliance per the Circular 15B & 32 by the NPCI.

How do apps like cred make money?

How CRED makes money?

• CRED earns money from listing fees that businesses pay to display their products and offers on its app.
• CRED collects your financial data as you use the app and continue to pay your bills to offer you better offers in the future. To gain access to this data, banks and credit card companies pay CRED.

What are the benefits of the cred app?

Advantages of Using CRED You can track your payment history for all cards added on the platform, as well as keep track of upcoming bills. Features such as ‘Kill the bill’ enable you to earn cashback towards repaying your bill.

How much secure is CRED app?

Furthermore, Cred uses 256-bit encryption to store all your credit card information and is a verified third-party application provider by the NCPI. The app is also partnered with axis bank to process UPI payments. So when it comes to safety, Cred ticks several checkboxes.

How do you make money on CRED?

How to earn & redeem CRED coins. You would earn 1 CRED coin for each rupee payment through the app. If you are paying 5000 rupees for 3 credit cards then you would earn 15,000 CRED coins. You would also get a chance to earn additional cashback on each payment above 1000 rupees.

How do you earn cashback on CRED?

What is CRED app and how it works?

CRED is an online payments app that’s linked to your credit cards. The app has been made by Kunal Shah, the founder of the company FreeCharge. The CRED app only accepts users who have a credit score above 750. The app checks your credit score through your phone number which is connected to your bank account.

What is the profit of CRED?

The fintech unicorn had previously projected a 208X growth in its operating revenues in FY21 to INR 108 Cr, but it is yet to file profit and loss statements for the year ended March 2021. In FY20, CRED posted operating revenue of INR 52 Lakhs.

What is cred app?

The CRED App is an online digital payments app that synchronises with your credit cards and makes payments automated and hassle-free. One of the latest apps to enter the digital payments market is the CRED App.