Is it worth using Cred for pennies?

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Deal Newbie
aryan88

Cred is not doubt an amazing app to manage your Credit card payments but is it worth? I used to get rs2-4 per rs1,000 payment. rs8-12 on rs10,000

Shop section have minor reduced pricing. I received amazon echo, alexa coupons which works with specific seller and normally that is the sale price from other sellers. Same goes for Leaf and others.

Received Airtel DTH rs1000 off, but airtel already offering rs1,000. what is the use of the coupon?

I have stopped using the Cred and prefer UPI, direct bank payments. Get monthly statement via email and pay all the bills at the specific date. Auto-debit is enabled for extra safety in-case i miss any bill.

Do they not track, record amount and type of products we spend on? Then target us to make bigger purchases through their app?

This helps me to not spend on their Shop section. This is my personal experience with the cred.

Please share your pros, cons of using cred.

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If you have Cred you'll be more popular as they will share your existence with the larger world.
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decideaim wrote:
If you have Cred you'll be more popular as they will share your existence with the larger world.
and how they will do that? by learning everything about amount we spend on on particular products and then target them via different medium like Shop, Travel?
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aryan88 wrote:
and how they will do that? by learning everything about amount we spend on on particular products and then target them via different medium like Shop, Travel?
And finance institutions too
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decideaim wrote:
And finance institutions too
sorry, how finance institutions? never thought about that.
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aryan88 wrote:
sorry, how finance institutions? never thought about that.
They can share your credit worthiness, timely payments, cards and limits available, purchase patterns, so that prospective card companies can offer you specific products that you may like. Not sure but that's how everyone in the field operates.
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decideaim wrote:
They can share your credit worthiness, timely payments, cards and limits available, purchase patterns, so that prospective card companies can offer you specific products that you may like. Not sure but that's how everyone in the field operates.
If that's true, we will be too messed up. They cannot detect some SMSs and remind me to pay now and then. I closed an SBICARD and didn't remove it from CRED to track past payments incase of any need, and they're messaging me to pay for that card quarterly.
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decideaim wrote:
They can share your credit worthiness, timely payments, cards and limits available, purchase patterns, so that prospective card companies can offer you specific products that you may like. Not sure but that's how everyone in the field operates.

Thank you for mentioning all the relevant points. It is indeed true. Btw anybody got one the 3 iMacs, Iphones were offered to top buyers on Cred shop.

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TempAcc wrote:
If that's true, we will be too messed up. They cannot detect some SMSs and remind me to pay now and then. I closed an SBICARD and didn't remove it from CRED to track past payments incase of any need, and they're messaging me to pay for that card quarterly.
Atleast they have access and no company would explicitly say that they'd sell data stuck_out_tongue 
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decideaim wrote:
Atleast they have access and no company would explicitly say that they'd sell data stuck_out_tongue 

Except the all time great IRCTC 😎

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