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Top 10 Secrets You Should Know About Cred Business

Top 10 Secrets You Should Know About Cred Business

This article is for those people who use credit cards and make their credit card payments online or offline. If you are also a credit card holder, then this article is going to be important for you. Because here we are going to tell the Top 10 secrets about CRED App through which you will get cash back and rewards by paying with a credit card. 

 Nowadays the number of credit card users in India is increasing. Because of this people make most of their payments through Credit Card. Credit cards are used for Bill Payment, Shopping, Online Payment, Ticket Booking, and Hotel Booking, among others.

 If you are also a credit card holder, then you must also be paying your credit card bill. But you do not get any benefit from paying the credit card bill. But if you pay your Credit Card through CRED App then you get Cash Back as well as Reward Points. Which option will you choose?

Read below to know about the CRED business in brief.

What is a CRED Application?

CRED Application

 This is a kind of simple application, which has been prepared for both Android and iOS versions. This platform is specially designed for people using credit cards. Through Cred App, individuals can also get rewards and good cashback by paying their credit card bills, as well as managing Credit Cards through Cred App also becomes easy. Cred App was founded in the year 2018 by Kunal Shah. More than 10 million people have downloaded this app so far. And the rating on Play Store is 4.8. 

Apart from Credit Card Bill Payment Service, the company has launched 5 new products- CRED RentPay, CRED Cash, CRED Pay, CRED Store and CRED Travel Store.

Quick Overview of the CRED App

Key Points of Cred AppDescription
Application nameCRED: Credit Card Bills, Credit Score and Pay Rent
Total downloads of the appover 10 million
app file size54MB
Rating on Play Store4.8/5 stars
Rating on Apple Store4.8/5 stars
cred app download linkCRED App Download

Top 10 Interesting Facts about CRED App/Business

1. Cred App Founder

The Cred app has also been created by Kunal Shah, former CEO of the online mobile recharge company. Kunal Shah is only 38 years old, whose house is in Mumbai and his education has been completed at Narsee Monjee Institute of Management Studies.

2. How to download Cred App

Facts about CRED
  • Before using the Cred app, you have to download it on your smartphone.
  • For this, you have to go to the Google Play Store / Apple Store on your mobile.
  • After this, you have to search by writing CRED in the search option.
  • The Cred app appears in front of you, after which you install the app by clicking on the Install option.
  • Apart from this, you can also download this app from the official website of Cred.
  • Now “Pay Your Credit Card Bills, Win Reward” will appear in front of you, after which you have to proceed by selecting the Continue option.
  • After installing the app, open it. As soon as you open the app, a box will appear in front of you to enter your mobile number.
  • Enter your mobile number in this box, in this you have to enter the same number which is linked to your bank account.
  • After this, an OTP comes on your mobile number, enter it and proceed.
  • If your credit card score is good, then your account will be approved under all the rules.
  • After this, you have to enter your account name and email ID.
  • After this click on Proceed, and you will reach a new page.
  • On this page, your CIBIL score is checked by Cred App, if the CIBIL score is as per the rules, then you have to click on the Proceed button.
  • After this, you have to get your credit card verified.
  • For this, you have to verify by entering the Credit Card number.
  • On completion of your verification, 1 rupee is deposited in your credit card by CRED App.
  • After which you can activate the app by clicking on Active Cred Protect Button.

3. How to pay the bill through CRED App

  • To pay the credit card bill through the CRED App, first of all, you have to open the CRED App.
  • After this, you have to click on the option of the card given in the app.
  • All types of cards appear on your screen.
  • Select the card through which you want to pay and click on it.
  • After this, click on the Pay button, and you will see many types of payment options, such as: – Net Banking and UPI etc.
  • Click on the option the way you want to pay the bill.
  • After this, you have to click on the Proceed button.
  • This is how your bill gets paid.
  • You get some points on your credit app as soon as the bill is paid.
  • If you want to see these points, then for that you have to click on the My Cart option.

4. Cred App Advantages

  • You can easily pay your credit card bill through the app.
  • You also get cashback and rewards on the bill payment through the Cred app.
  • You can easily manage more than one credit card.
  • You can easily check all the costs incurred on the Credit Card.
  • You can easily pay the Credit Card bill through Debit Card, UPI and Net Banking.
  • You get all types of notifications from this app, like: – when to pay, how much to pay etc.
  • You can also easily check your credit card score.

5. Documents required for using Cred App

To create an account in the CRED App, you need some important documents. Without these, you cannot use the credit app. The following documents are required to sign up on the CRED App.

  • Credit Card Details (Credit Card Information)
  • Bank Account Details (Bank Account Information)
  • Mobile Number (Registered mobile number in the bank)
  • Email ID (e-mail address)

6. What is the value of 1 Cred Coin?

When you pay your Credit Card through Cred App, you get CRED Coin as a Rewards Point. This is equal to the value of each CRED Coins 1 rupee. Users can redeem these collected Cred Coins during online shopping.

7. What is Cred App Customer Number?

In case of any kind of problem-related to the Cred App, you can solve your problem through chat support. Also,  is the official email id of CRED. 

8. Multiple payments option

We can make payments easily by adding more than one credit card in Cred App.

9. Privately funded

The CRED business model has won over large investors such as Falcon Edge, Kotu Management, Tiger Global, London-based Marshall Weiss, DST Global, Steadfast Venture Capital, Insight Partners, Sofina, Dragoneer and RTP among others. As of 19 October 2021, at the end of eight funding rounds called Series-E, CRED had a net worth of USD 4.01 billion, of which USD 722.2 million had been raised through funding.

10. CRED Profit

CRED has multiple earning sources from its various app features like its listed business fees, transaction fees on credit card payments, rent payments, travel deals and more.


This article gives you an insight into the uniqueness of the CRED App and how it helps you monetize your credit card payments on an ongoing basis. Its wide array of services, how CRED makes money, and its dynamic founder, Kunal Shah, are the secrets to its success in turning into a ‘unicorn startup’ in 2020, 2 years after its app was launched.

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