CRED – Pay CC Bills & Get RewardedDecember 10, 2022
CRED is one of the best Credit Card bill payment platforms that support almost all banks credit card, every user will get assured cash back on every bill paid over 1000 rupees. CRED also features CRED Pay UPI which is just like other UPI apps where you can use to pay via QR Scanners at stores and UPI handles with best cash back offers compared to others.
In order to activate this app you must have a credit card that means you cannot use its features without a valid credit card.
CRED can also be used to pay different types of bills like electricity, prepaid recharges, etc. and earn cash back too.
Settlement time tested by me with various cards
Kotak: Within Two Days
CRED has a unique feature called CRED Coins which can be earned within the application by various means and can be used to get discount offers with various partners.
Predictions, Quiz and games are also featured where prediction feature can earn user cash back using it straight 7 days a week.
Other Best ways to pay your Credit Card Bill in India
Nowadays paying Credit Card bill is easier than earlier days not only quick, instant and rewarding, thanks to UPI. There is a fee charged at bank for your credit card payment if you pay by cash where there is no fee at all when you pay via an application which uses UPI for example PayTM, MobiKwik and now PostPe and others too.
I recommend PayTM or PostPe for RBL Bank, SBI Bank Credit Cards which I use where the payments are settled instantly, the minimum amount you can pay starts from just 1 Rupee and you can pay in fractions too.
Coming towards cashback or rewards PayTM only offers points towards Card payments whilst PostPe provides 0.4% cashback for every payment having said that payment made by UPI, though the PostPe provides the option to pay also via the limit which you have with the low convenience fee which needs to be cleared within next bill settlement period of PostPe, this creates additional up to 30 days additional period for your payments, also you can convert the PostPe transactions to EMI.
Axis Bank Credit Card payment via PayTM will take anywhere between 1 hour to 2 days to settle the payment and in PostPe and MobiKwik it takes 2 to 3 days to settle in the bank. Cashback from MobiKwik is for KYC users only and one can either earn supercash or cashback depending on the offer availability.