CRED - Fair usage policy

139°
Deal Cadet
Surya_Baskar

CRED has restricted “kill the bill” rewards to 5 per CC per month

Only 5 transactions per card per calendar month are eligible for kill the bill rewards on CRED app. https://cdn0.desidime.com/attachments/photos/596925/original/Screenshot_2019-12-01-03-02-51-128_com.dreamplug.androidapp.jpg?1575150025

7 Comments  |  
7 Dimers
  • Sort By
Deal Subedar Deal Subedar
Link Copied

Yeh toh hona hi tha…

Helpful Helpful
Link Copied

Why do you want to make multiple payments?
Just use it as a tool to make payments to card and keep track, anyways you are getting coins which you can use later
Prior to cred would you have split your payments?

Deal Cadet Deal Cadet
Link Copied

The most important reason for me using Cred is that i have multiple credit cards and i am able to pay the bills of all my cards in one place and hence no headache of managing multiple cards. As far as offers are concerned, If i get a good offer even once in six months i just consider it a bonus.

Beacon Beacon
Link Copied

Anyone used 30gems against “upto 10000 cashback to card”… What is the exactly.. it says tax will ve deducted..n is it min 1000 max 10000 to the card + tax deduction..?

Generous Generous
Link Copied

It means you can get anything between 1k and 10k.

And the tax thing simply means if suppose you’re getting 6000 in that offer, they’ll deduct tax and deposit balance to your account, and tax will be deposited to govt account.
Usually tax is deducted @ 10% if PAN is provided or else @ 20% if PAN not provided. I’m not sure but these rates have changed this year, so do confirm that.


Now here is the thing, since TDS is deducted on this amount and if you don’t show & add this 6000 in your ITR as your income, expect notice from income tax department.

Beacon Beacon
Link Copied

So even most possible value in scratch card 1k would attract tax…

replyuser
Click here to reply
Reply