Get it For: Free, for iOS & Android
Cred is an initiative of Kunal Shah, founder of FreeCharge. The app aims to make paying credit card bills simpler and reward you for paying them on time. The app asks for your phone number to check your credit score with Cibil, CRIF and Experian.
If your credit score is 750 or higher, you are granted access to the app, else you join a waitlist. The app scans any credit cards linked to your phone number and adds them to the app. To manage the cards, Cred requires access to your email account (this is not mandatory).
Cred uses this access to scan credit card statements for hidden charges. Every time you make a payment to your credit card, you earn Cred Coins – each coin is equal to Rs 1. These coins can then be used to claim rewards from vendors like Ixigo and FreshMenu, among others.
You can also use the option to ‘burn’ your coins to win cashback,which is directly credited to your credit card. The only thing we found missing was a reminder function for payment due dates (but that should be added soon). Give Cred a chance — it looks promising.
