How to Use CRED App for Credit Card Bill Payments

Managing credit card bills can be overwhelming, but with the CRED app, you can easily and efficiently pay your credit card bills. This article will guide you through the process of setting up and using the CRED app for credit card bill payments. Whether you prefer a manual or automatic payment method, we have you covered.

Setting Up Your CRED Account

To get started, you need to create a CRED account by providing your personal details such as username, email, and password. Once you have signed up, the app will ask for your approval to scan your email for credit card statement-related emails. This will help the app stay updated with your due dates and bill amounts.

Payment Process in CRED App

Once your CRED account is active, you can log in and navigate to the app's main features to pay your credit card bill.

Manual Payment Process

Open the CRED App: If you are not a member, download the app from the respective app store. Hit the 'Pay' Tab: This tab will allow you to select the category of bills you wish to pay. Select the Category: Choose the category of bills you wish to pay, such as credit card bills. Enter Biller and Account Details: Input the necessary details for the biller and your account. Check or Enter Payment Amount: Confirm the amount you wish to pay or enter it if required. Select Payment Method: Pay through UPI or your credit card. Set Reminders: Set reminders to receive timely notifications and ensure you never miss a payment!

Automated Payment Process

Set Up Mandate: If you prefer not to manually intervene each month, you can authorize CRED and create a mandate through your netbanking. The app will automatically deduct the payment from your account. Automatic Deduction: CRED will automatically debit your account about 3 or 4 days before your due date, and the funds will be credited to your credit card account.

Benefits and Considerations

Using the CRED app for credit card bill payments offers several benefits, including hassle-free bill management and timely payments. However, it's important to note that, as of February 2022, the CRED app does not have a direct linkage with credit card companies. This means that the app depends on your email for fetching statements and determining your total amounts due and due dates.

While the automated option can save you time and ensure timely payments, it is not completely equivalent to a NACH or other ECS mandates that you can provide directly to your credit card company to debit your account. Always check the terms and conditions and confirm your account settings with CRED to ensure everything is in order.

Frequently Asked Questions

Do I need a separate CRED account for different credit cards? Yes, for each credit card you wish to pay, go to the 'Cards' tab and choose the card you want to pay. How do I set up reminders for my credit card payments? In the 'Pay' section, you can set up automatic reminders to ensure you don't miss any payments. Can I use UPI for credit card payments through CRED? Yes, UPI is one of the payment methods available in the CRED app.

If you have more questions or need further assistance, feel free to ask. Upvote and follow me for more such helpful content.

Regards,

KG