How To Redeem CRED Coins Into Cash? Get To Know How To Use The CRED Coins

Q: 7. What is the use of CRED app?

The app is used tomake credit card payments and house rent payments.

How To Redeem CRED Coins Into Cash is a topic of the search for many CRED users. CRED is an Indian fintech company that allows users to make credit card payments through its app. The app also allows users to make house rent payments. Upon making payments, the users get rewarded with CRED coins which can be redeemed for actual cash. This has made users curious to know How To Redeem CRED Coins Into Cash. Stay with the page and know How To Redeem CRED Coins Into Cash and how to use the CRED coins.

by Suganya Vedham | Updated Aug 11, 2021

Source: Twitter

How To Redeem CRED Coins Into Cash?

CRED is an online app that allows to earn reward points or cashback by paying the credit card bills. The app allows to add credit cards in the app, track the payment due dates and pay the bills directly. Users can earn cashback upon making any payments. The app was founded by Kunal Shah in 2018. In the app, the CRED coins earned can be used to redeem gifts. Fans are curious to know How To Redeem CRED Coins Into Cash without any inconvenience. So here are the details on How To Redeem CRED Coins Into Cash.

Find below How To Redeem CRED Coins Into Cash and how to use the CRED coins.

How To Use CRED Coins To Cash?

The coins can be used by using the option to 'burn'. The coins will then get credited to the credit card as cash. Every time the user pays the Credit Card bill, an equivalent number of CRED coins will be added. CRED saves the credit card details at the time of registration. Every time a credit card is added, it will deposit INR 1 to the card to validate it. CRED is available for the most creditworthy users who have a credit score of more than 750. Those who do not have the minimum score will be added to the waitlist and advised on improving their credit score. If the credit score is above 750, the user can become a CRED member by downloading the app on their iOS or Android phone.CRED users who have been looking for How To Redeem CRED Coins Into Cash can read furthermore to get their answers.

How To Redeem CRED Coins?

The CRED coins can be redeemed for actual cash in the 'Kill the Bill' section. The cashback will be transferred automatically to the respective credit card, against which the CRED coins have been redeemed. Alternatively, go to the reward catalog section that has new options every month. Tap on the 'lifestyle' option in the App. As of 2021, CRED has more than 5.9 million users. The app offers CRED RentPay, CRED Cash, CRED Pay, CRED Store, and CRED Travel Store.

What Are CRED Coins?

The CRED member not only makes timely credit card bill payments but also get rewarded with CRED coins. One coin is earned for each rupee paid off on the bills, and the coins earned can be used to collect various rewards on the app. The rewards include discounts while shopping from partnered merchants promoting their goods, services on the app and raffles and jackpots. The coins can also be used to participate in mega jackpot events.

How To Convert CRED Coins To Cash?

The CRED coins can be converted into cash by using the option to 'burn'. The coins will then get credited to the credit card as cash. Every time the user pays the Credit Card bill, an equivalent number of CRED coins will be added. For instance, if the user pays the Credit Card bill of Rs.30,000, it will receive 20,000 CRED coins. CRED Cash is the fastest and most digital way to get credit without the tiresome application and verification processes associated with loans. In CRED, users can be pre-approved for an active credit line of up to INR 5 Lac.

The guide on How To Redeem CRED Coins Into Cash has been provided, along with full details. Read the article to know all about CRED.

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How To Redeem CRED Coins Into Cash - FAQs

1. How to redeem CRED Coins?

The coins can be redeemed for actual cash in the 'Kill the Bill' section. The cashback will be transferred automatically to the respective credit card, against which the CRED coins have been redeemed. Alternatively, go to the reward catalog section that has new options every month. Tap on the 'lifestyle' option in the App. CRED saves the credit card details at the time of registration. Every time a credit card is added, it will deposit INR 1 to the card to validate it.

2. How to convert CRED Coins to Cash?

The coins can be converted into cash by using the option to 'burn'. The coins will then get credited to the credit card as cash. Every time the user pays the Credit Card bill, an equivalent number of CRED coins will be added.

3. How to use CRED coins to cash?

4. What are CRED Coins?

These are coins that can be earned by making credit card bill payments.

5. Is CRED an Indian company?

It is an Indian fintech company that allows users to make credit card payments through its app.

6. When was CRED founded?

The company was founded in 2018.

7. What is the use of CRED app?

The app is used to make credit card payments and house rent payments.