Did you know that every time you miss a payment deadline, it can affect your credit score? This can impact your creditworthiness and make it difficult for you to secure future loans.
However, tracking your spending and payments is easier if you are a CRED member. Known to be a high-trust, low-friction platform, CRED is enabling the most creditworthy Indians to improve their lives and lifestyles by managing their finances better.
Here’s how it works:
CRED provides its members with tech-driven interventions notifying them with alerts to pay bills on time, unearth hidden charges, and analyze statements for insights- all of which help users manage their money and credit better.
Let’s take a closer look at the benefits associated with paying your bills on CRED:
Make timely payments every month: With too many bills to pay, one often tends to forget the deadlines. However, paying your bills on time can help drive down debt, raise your credit score and improve interest rates on future loans. This is the reason why activating payment alerts or auto-debit for tools like credit cards have become a preferred way to make you stay on top of your monthly payments. CRED intimates its members with timely interventions (notifications and alerts) to nudge them into taking the right actions. In turn, members get rewarded for these actions, which incentivize them to continue making smart money decisions.
Identify errors and raise disputes: It is essential to identify and rectify errors in your credit report to maintain a healthy credit profile and a good credit score. This is where tools like CRED Protect and Smart Statements (if activated) can help members. They help keep a close track of every single nuance of the credit card bill payment journey. How? This AI-backed system offers two date reminders, insights on spending patterns and other card usage statistics. It also helps identify any hidden charges and suspicious transactions, thereby alerting members to raise disputes in order to get them corrected.
Leverage deals and offers to supplement spending: You can use CRED to manage your multiple credit cards and determine which ones to use for particular purchases, and find the best deals or rewards available. Over and above the option to avail reward points, CRED members get access to exciting deals and curated packages / offers. When all of these are leveraged well, you’ll be able to drive substantial savings on future purchases.
Pay multiple bills through one platform: With CRED Max, you can pay more than just your credit card bills on CRED. Make monthly recurring payments for rent, utility, education fees, insurance premiums, phone bills and subscriptions and more on CRED. Track your spending and benefit from additional liquidity, reward points, deals, exclusive access and more. Making bill payments has never been more rewarding.