CRED Credit Card Bill Payment

CRED is a complimentary mobile app designed for hassle-free payment of credit card bills. It can be easily obtained from both iOS and Android platforms, streamlining the bill settlement process while offering incentives to users who make timely credit card payments.

A credit card serves as a convenient cashless payment tool, enabling you to manage everyday, recurring, and occasional expenditures. It provides the flexibility of interest-free periods typically spanning 45 to 50 days and is versatile for both in-store and online transactions. Credit cardholders are expected to settle their bills within 21 to 25 days from the billing date, although early payment is an option. To uphold a favorable credit score, it’s essential to refrain from late payments on credit card bills.

CRED offers convenient options for credit card bill payment, both online and offline. Here’s how you can make payments through both methods:

How to Make your CRED Credit Card Bill Payments Online?

Making CRED Credit Card Bill Payments online is convenient and can be done through various methods. Here are the different ways you can pay your Yes Bank credit card bill online:

Internet Banking

To pay your CRED credit card bill online through internet banking, you’ll need to follow these general steps:

1. Log into Your Internet Banking Account:

  • Visit the website of your bank or financial institution where you have your internet banking account.
  • Log in using your credentials, such as username and password.

2. Add a Biller/Payee:

  • Look for an option to add a new biller or payee. This option might be labeled as “Manage Payees,” “Add Payee,” “Bill Payments,” or something similar, depending on your bank’s website.

3. Select Credit Card Payment:

  • In the list of biller categories or payee types, look for the option related to “Credit Card Payments” or “Credit Card Bill Payment.”

4. Provide CRED as the Biller/Payee Information:

You’ll need to provide the necessary information for CRED as the biller/payee. This typically includes the following:

  • Payee/Biller Name: “CRED Credit Card Bill Payment”
  • Account Number or Credit Card Number: Enter your CRED account number or credit card number.
  • IFSC Code: You may not need an IFSC code for CRED payments, but some banks might require it.

5. Verify the Payee Information:

  • Double-check the details you’ve entered to ensure they are accurate.

6. Initiate the Payment:

  • Enter the payment amount, which can be the minimum amount due, the total outstanding balance, or a custom amount you wish to pay.
  • Review the payment details, including the payee information and the amount.

7. Confirm the Payment:

  • Confirm the payment by following the on-screen instructions. This may involve providing an OTP (One-Time Password) or other authentication methods for security.

8. Payment Confirmation:

  • After the payment is successfully processed, you should receive a confirmation message or a reference number.

9. Check Your Credit Card Statement:

  • Monitor your credit card statement to ensure that the payment reflects in your CRED credit card account.

10. Schedule Future Payments (Optional):

  • Some internet banking platforms allow you to set up recurring or future payments. You can use this feature to ensure timely payments in the future.

NEFT

1. Log In to CRED: Open the CRED app and log in to your account using your credentials.

2. Link Your Credit Card: Ensure that you have linked the credit card for which you want to make the payment within the CRED app.

3. Initiate the NEFT Payment:

  • Look for an option within the CRED app that allows you to make an NEFT payment.
  • You’ll need to enter details such as the beneficiary bank’s name, account number, IFSC code, and the amount you wish to pay.

4. Verify Payment Details: Double-check all the payment details to ensure accuracy, as errors in bank account information can lead to payment issues.

5. Authorize the Payment: Once you are satisfied with the payment details, authorize the NEFT payment through the CRED app. You may need to enter a one-time password (OTP) or use another authentication method for security purposes.

6. Confirmation: After successfully initiating the NEFT payment, you should receive a confirmation of the transaction.

7. Monitor Payment: Keep an eye on your credit card statement to ensure that the payment reflects in your credit card account within the stipulated time frame. NEFT payments typically take a few hours to a day to process.

IMPS

1. Download and Install the CRED App: If you don’t already have the CRED app, download it from the App Store (for iOS) or Google Play Store (for Android). Install the app and log in to your CRED account.

2. Link Your Credit Card: Ensure that your credit card is linked to your CRED account. If it’s not linked, add your credit card by providing the necessary details and verifying ownership.

3. Initiate Payment:

  • Open the CRED app.
  • Choose the specific credit card you wish to use for making your payment.
  • Enter the payment amount.

4. Choose Payment Method: Look for the payment method options. If IMPS is available, select IMPS as your preferred payment method.

5. Provide IMPS Details:

  • You’ll typically need to provide your bank account details, including the account number and IFSC code.
  • Follow the on-screen instructions to complete the IMPS payment. You may need to enter an OTP (One-Time Password) or authenticate the transaction using your banking app or device.

6. Confirm Payment: Double-check all the payment details, including the recipient bank account information and the payment amount, before confirming the transaction.

7. Payment Confirmation: Once the payment is successful, you should receive a confirmation message, and the payment will be reflected in your credit card account.

8. Save Payment Confirmation: It’s a good practice to save or take a screenshot of the payment confirmation for your records.

Auto debit

Paying your CRED Credit Card bill online through auto-debit involves setting up an automatic payment method within the CRED app. Here’s how to do it:

1. Download and Install the CRED App: If you haven’t already, download the CRED app from the App Store (iOS) or Google Play Store (Android). Download the application and proceed to log in with your credentials.

2. Link Your Credit Card: Ensure that you’ve linked your credit card(s) to your CRED account. If not, add your credit card(s) by providing the necessary details and verifying ownership.

3. Navigate to Bill Payments: Inside the CRED app, navigate to the “Bill Payments” or “Credit Card Payments” section. The exact wording may vary, but it’s usually easy to find.

4. Set Up Auto-Debit:

  • Choose the specific credit card you’d like to establish automatic debit payments for.
  • Look for an option that allows you to set up automatic payments or auto-debit.
  • Select the interval for your payments, such as monthly, according to your preference.

5. Specify Payment Amount: Decide whether you want to pay the minimum amount due, the total outstanding balance, or a custom amount for each billing cycle.

6. Select Payment Source: Choose the payment source from which you want the automatic payments to be debited. This could be your linked bank account, another debit card, or a preferred payment method.

7. Confirm and Enable Auto-Debit: Review the auto-debit details, including the selected credit card, payment amount, and payment source. Confirm the setup to enable auto-debit for your CRED Credit Card bill.

8. Set Payment Date: You may also have the option to specify the payment date or the due date of your credit card bill for the auto-debit. Choose a date that aligns with your billing cycle.

9. Enable Notifications (Optional): CRED may offer notification settings to alert you when auto-debit payments are scheduled and when they are successfully made.

10. Monitor Auto-Debits: Keep an eye on your CRED app to ensure that the auto-debit payments are processed correctly and on time.

How to Make your CRED Credit Card Bill Payments Offline?

You can make offline payments for your CRED Credit Card Bill using various methods. Here are different offline payment options:

NACH

  1. Contact Your Bank: Visit your bank’s branch or contact their customer service to inquire about setting up NACH for your credit card bill payments. NACH is a facility provided by banks for automated payments.
  2. Request NACH Form: Ask the bank for the NACH mandate form, which is used to authorize automatic debits from your bank account for bill payments.
  3. Fill Out the NACH Mandate Form: Complete the NACH mandate form with the necessary details, including your bank account information, the credit card issuer’s details (creditor information), and the frequency and amount of the payments. You may also need to provide a canceled cheque along with the form.
  4. Submit the Form: Present the completed NACH mandate form alongside any necessary documents to your bank for submission. Your bank will then proceed to handle your request accordingly.
  5. Activation: The bank will review your NACH mandate and activate it. Once activated, your bank will automatically debit your account as per the instructions provided on the form to make credit card bill payments.
  6. Monitor Payments: Keep an eye on your bank statements to ensure that the payments are being made on time and in the correct amounts.
  7. Manage Credit Card on CRED: Even though you’ve arranged offline payments via NACH, the CRED app lets you oversee and monitor your credit card information, transactions, and perks, offering a complete perspective on your credit well-being.

Cheque

  1. Contact CRED Customer Support: Start by reaching out to CRED’s customer support through their app or website. Inquire about the specific process for making offline payments via cheque. You’ll receive all the essential guidance and information required from them.
  2. Receive Payment Instructions: CRED will likely provide you with details such as the payee name, address, and any specific information you need to include on the cheque. Ensure you have this information handy.
  3. Write the Cheque: Write a cheque for the amount you wish to pay towards your credit card bill. Make sure the payee details are accurate based on the instructions provided by CRED.
  4. Prepare the Envelope: Place the cheque in an envelope along with any other required documents or information that CRED has requested.
  5. Mail or Deliver the Cheque: Depending on the instructions provided by CRED, you may need to mail the cheque to a specific address or deliver it to a designated location. Be sure to double-check the address and delivery instructions.
  6. Confirmation: After you’ve sent the cheque, you should receive confirmation from CRED once they have received and processed your payment. This confirmation may come through email or within the CRED app.
  7. Record the Payment: Keep a record of the cheque payment, including the cheque number, amount, and date of payment, for your own reference.

Cash

  1. Visit Your Bank Branch: Go to a physical branch of the bank that issued your credit card. This branch should be able to accept cash payments for your credit card bill.
  2. Provide Your Credit Card Details: You will need to provide your credit card details, such as the card number and your name, to the bank representative. They will use this information to locate your credit card account.
  3. Make the Payment: Pay the bill amount in cash. The bank representative will process your payment and provide you with a receipt as proof of payment.
  4. Confirmation: It’s essential to retain the payment receipt for your records. The payment may take a few days to reflect on your credit card account.

How To Make Credit Card Payments on CRED

To make credit card payments on CRED, follow these steps:

1. Download and Install CRED App: If you haven’t already, download the CRED app from the App Store (for iOS) or Google Play Store (for Android). Install the app and sign up for an account.

2. Link Your Credit Card: After signing up, add your credit card(s) to your CRED account. You’ll need to provide the necessary details and verify ownership.

3. View Your Credit Card Details: Once your credit card is linked, you can see your credit card details, including the outstanding balance and due date.

4. Make a Payment:

  • Select the Credit Card: Choose the credit card you want to make a payment for from your list of linked cards.
  • Enter Payment Amount: Please indicate the payment sum you prefer. Options include the minimum due, the entire outstanding balance, or a personalized amount of your choosing.
  • Choose Payment Method: Select your preferred payment method. You can use a linked bank account, debit card, or other available payment methods.
  • Confirm Payment: Double-check the payment details and confirm the transaction.

5. Secure Authentication: Depending on your payment method and the app’s security features, you may need to authenticate the payment using a PIN, fingerprint, or other methods.

6. Payment Confirmation: Once the payment is successful, you’ll receive a confirmation message, and the payment will be reflected in your credit card account.

7. Set Up Auto-Pay (Optional): CRED may offer an auto-pay feature that allows you to schedule automatic credit card payments to ensure you never miss a due date.

8. Monitor Your Credit Score: CRED often provides tools to help you monitor your credit score. Regularly checking your score can help you stay on top of your credit health.

9. Earn Rewards: CRED typically offers rewards and cashback for making timely credit card payments. Be sure to take advantage of any rewards programs they offer.

10. Stay Informed: Keep track of your credit card bills, due dates, and payment history within the CRED app to maintain good financial health.