Over time, the idea of loyalty and reward programs has developed. One of these innovative programs is Cred Coins, provided by Cred, a fintech company. Cred offers a platform that simplifies payment management while also allowing users to earn rewards effortlessly.
This article discusses what are Cred coins, the steps to use Cred Coins and where can you use the Cred Coins.
What are Cred Coins?
Cred Coins are a type of digital currency provided by the Cred platform aimed at recognising and rewarding users who demonstrate financial responsibility and loyalty. Users acquire these coins by paying bills on time, using credit cards responsibly, and participating in promotions with partner companies. Each time users perform these actions, they collect Cred Coins, which can later be exchanged for a diverse array of rewards and perks.
Also read: How to remove a card from Cred?
How to use Cred Coins?
As a Cred user, you can accumulate Cred Coins depending on factors such as the payment amount, the bank you’re using, and the incentives provided for that transaction. Cred collaborates with numerous partner brands, offering a variety of options for using your Cred Coins.
Within the Cred app, the Rewards section enables users to select their preferred reward, which could range from shopping vouchers to restaurant discounts, bill payment credits, cashback, and more. Using Cred Coins is straightforward. Here’s how to do it:
- Open the Cred app on your phone and tap on the Rewards section.
- Choose the reward that you would like most and have sufficient coins for.
- Claim the reward.
Where can you use Cred Coins?
- Shopping: Cred Coins offer a wide range of shopping benefits. Whether it’s getting cashback on utility bills or enjoying significant discounts on groceries, Cred provides deals catering to various preferences. Whether you’re interested in skincare products, planning a trip, or simply want cashback on everyday expenses, Cred has something for everyone.
- Payments: Cred Pay introduces a fresh feature that connects UPI with your Cred account. With this feature, you can effortlessly make instant payments at stores using your accumulated Cred Coins.
Also read: How does CRED make money?
