how to pay credit card bill,RentPay & Education Fees using cred app

 CRED will now permit you to pay house rent online with your credit card 

 

 CRED has start two new features-- CRED RentPay and CRED Stash. The CRED RentPay allows members to pay their loftiest recreating ménage expenditure, their yearly rent payments, on credit. On the other hand, CRED Stash is a flexible, low- interest and instant credit line offering launched as a airman with IDFC FIRST Bank, and is the only immolation of its kind in India. 

 CRED RentPay allows members to pay yearly rent with their credit cards, directly from the CRED app. With the option of paying rent on credit, members can free up cash, enjoy the interest-free credit period, and earn price points on credit card spends. Upon paying their credit card bill, members will also admit CRED coins to spend on products, services and gests from CRED mates original to the sale value of rent. 

 Members need to simply add the landlord’s bank account or UPI details and incontinently transfer the rent from their credit card, directly on the CRED app. Over time, CRED will enable members to set up bus- pay for timely payments. 

 “ forthcoming features include the ability to make other landlord payments similar as conservation charges and security charges through credit card, that can also be financed with affordable EMIs. CRED RentPay can be profited at a small sale figure that will range from 1 to1.5 depending on the member’s credit card network, ” as per the company. 

 With CRED store, members will be precipitouslypre-approved for an active credit line of over to Rs with no forms, documents, phone calls or physical visits. “ In three way, CRED members can draw down any quantum from their obtainable limit at any hour of the day, and incontinently admit the named quantum in their bank accounts. They can elect their preferred duration to pay back( no minimum term), ” as per a statement. 

 The bank will charge interest only on the quantum withdrawn, at a third of the interest rates charged on credit card operation, helping members stretch their store. The CRED Stash depends on members ’ credit scores, credit card limits and former card prepayment, with the airman rolled out to a limited group first. 

The first time a CRED member dips into their store, they will need to do a one- time KYC verification( one- click using CKYC) and set up bus- pay to automate payments from their bank account on a date of their option. The lending mate, similar as IDFC FIRST Bank, will corroborate and transfer the requested finances to their account incontinently. Members can cover their CRED Stash at any time, track disbursements, pay forthcoming EMIs, lump- sum or indeed foreclose incontinently at no redundant charges. The available limit will be visible to members at all times, analogous to how they track their credit cards, CRED coins.