Rewards and Offers on Credit Card Bill Payment

Rewards and Offers on Credit Card Bill Payment

With its ease of use and flexible payment options, a credit card has become an integral part of our life. A credit card's discounts offer and deals are unsurpassed by any other financial product, making it a gold mine for the savvy consumer. Credit cards, on the other hand, can become debt traps if not handled properly or if you spend more than you can afford to repay when the bill arrives.

Did You know?

Andhra Bank was the first bank in India to issue credit cards in 1981.

Also Read: How do You Add a Credit Card to Google Pay?

Options Available for Making Payment of Credit Cards

In this era of credit cards, many options are available for the bill payments of credit cards. To attract customers, many platforms have introduced various different offers on the payment of credit cards through their platforms. Let’s take a look at some of the best offers offered by some platforms like CRED, Paytm, and Mobikwik.

Credit Card Bill Payment Offers on CRED

CRED is a fantastic program that rewards you with gift vouchers, rebates, and discounts for each credit card bill you pay with it. With this variety of incentives, you can accomplish a lot more when paying for your credit card. For example, when you use a partner bank's debit card to pay bills on CRED, you can obtain free cinema tickets. CRED has a list of appealing incentives; all you have to do is look through them to choose what suits you best and then use it to pay your credit card bills!

The software was designed by Kunal Shah, the founder of FreeCharge. The CRED app seeks to make using credit cards easier and more automatic. The software also offers a variety of incentives in the form of CRED coins, which can be exchanged for cash or special deals. However, not everyone has access to the CRED app. Users with credit ratings of at least 750 are eligible to utilise the CRED app.

How to Get Membership in CRED?

To become a member, you must first download the app and register using your full name and a legitimate Indian cellphone number. Credit agencies such as CIBIL, Experian, and CRIF verify the aspirant's credit score. The applicant will be approved as a member of CRED if their credit score is higher than the recognised qualification level. Once you become a CRED member, you will be able to take advantage of CRED's restricted collection of special benefits and privileges.

How to Make Payments through CRED?

The entire procedure is straightforward and takes less than a minute.

  • Install the application.
  • Sign up with your phone number and confirm with an OTP.
  • Because CRED has agreements with credit bureaus such as Experian, all of your cards will be reflected as soon as you log in.
  • Fill in the disguised digits on your card to authenticate it and add it to the app.
  • Congratulations! CRED promptly confirms your card. You have now joined CRED.
  • You can now pay your bills and get reward points in proportion to the amount paid.

Offers by CRED

CRED is a members-only club that compensates consumers who pay their credit cards on time with exclusive offers and premium experiences. It's a program that allows credit card users to manage several cards while also receiving a credit score analysis. Every payment made using their app earns you CRED Coins, whether it's for your monthly credit card bills, rent, or even merchant payments utilising CRED Pay. A company that accepts CRED Coins as payment!

One of the app's many features was the credit card spending tracking and management tool, which provided the user with spend tracking and card usage efficiency analysis. CRED's AI-powered CRED Protect tool keeps track of all aspects of your card payment, providing deadline reminders, spending habits, and other card usage data. When a member buys with a credit card through the app, they can get discounts on events, experiences, gift cards, and upgrades from companies like Diesel and Cure. Fit, Myntra, and Olive Bar & Kitchen, among others

Because CRED membership is restricted, you must apply through the app by giving your full title and a genuine Indian cell phone number. You will be denied if your credit score falls below the minimum qualifying level set by credit agencies such as CIBIL, Experian, and CRIF. As a CRED member, you can instantly make your card payment experience more comfortable by taking advantage of several exclusive features.

  • Payments are made easily using Debit Cards, Net Banking, and UPI.
  • Receive automated credit card bill payment reminders and alerts.
  • Receive mobile alerts for all duplicate credit card transitions.
  • You can use CRED Protect to find concealed charges on your credit card.
  • From a single gateway, you may manage various credit cards.
  • Keep a constant eye on your credit score.

Cash Back on CRED – On payment of a credit card bill for the first time, there is a cashback of ₹200.

Credit Card Bill Payment Offers on Paytm

Paytm now has a special rewards section where you may activate Want to learn about Finance, Investing, and much more!, Checkout our partner blogs.