Managing credit card payments is no longer just a task it’s an opportunity to earn rewards. With the CRED app, not only can you pay your credit card bills on time, but you also get cashback and reward points for doing so. Many users, however, are unsure about how to actually use CRED cashback effectively. This topic walks you through the different ways to utilize your cashback on CRED, making sure that every rupee earned works in your favor. Whether you’re new to the app or looking to maximize your benefits, understanding the usage of CRED cashback can help you make better financial decisions.
Understanding CRED Cashback
What Is CRED Cashback?
CRED cashback is a form of monetary reward given to users when they pay their credit card bills using the CRED app. It is typically added instantly or within a short time after a successful transaction. This cashback can appear as CRED coins or as actual cashback credited to your CRED balance or linked bank account, depending on the campaign or offer.
Where to Find Your Cashback?
Once you earn cashback, you can view it in the Rewards or CRED Pay section of the app. Alternatively, check under your My Rewards tab or Wallet section to see any available balances or vouchers. Tracking your earned cashback regularly will help you decide the best way to spend or redeem it.
Ways to Use CRED Cashback
1. Redeem Through the Rewards Catalog
One of the primary uses of CRED cashback is redeeming offers from the rewards catalog. Here’s how to do it:
- Open the CRED app and navigate to the Rewards section.
- Browse through available offers, which include discounts on food delivery, online shopping, travel bookings, and more.
- Select an offer and tap Redeem if you have enough cashback or coins.
- Follow the redemption process to get a voucher code or discount applied to your purchase.
This is a popular method for users who frequently shop online or dine out, as it directly converts cashback into usable savings.
2. Use Cashback on CRED Store
The CRED Store is an exclusive marketplace where users can shop using their rewards. Cashback earned from credit card bill payments can be applied here for various products such as gadgets, personal care items, and lifestyle accessories.
- Go to the CRED Store tab in the app.
- Choose from a wide range of curated products.
- When checking out, select the option to apply your cashback or CRED coins.
- Complete the transaction using a preferred payment method for any remaining balance.
This is a practical way to spend your cashback on items you would buy anyway, making your credit card payments even more rewarding.
3. Use Cashback for CRED Pay Partners
CRED Pay is another feature where cashback can be used directly at partner merchants. These include popular online and offline brands. Here’s how to use your cashback through CRED Pay:
- Check if the merchant supports CRED Pay (both in-store and online).
- At checkout, choose CRED Pay as your payment option.
- Select your cashback or reward balance to offset the total bill.
- Pay the remaining amount, if any, via UPI or card linked to CRED.
This approach gives you instant gratification, using cashback as a discount during the purchase itself.
4. Convert Cashback Into Jackpot Draws or Contests
Occasionally, CRED runs jackpot draws or contests where you can use your cashback or CRED coins as entries. The prizes can include high-value items like electronics, vacations, or large cashback bonuses.
While this doesn’t guarantee returns, it can be a fun way to try your luck. Always ensure you’re comfortable using your rewards for games of chance before proceeding.
5. Cashback Deposited to Bank (Selective Campaigns)
In certain campaigns, CRED offers direct cashback to your bank account or to your payment method. This is not always the standard approach but occurs during limited-time promotions or contests.
If you’ve earned such cashback:
- Go to the Cashback or Wallet section of the app.
- Tap on the Transfer to Bank or Withdraw option if available.
- Enter your preferred bank details or use the saved UPI ID.
- Confirm the transfer, and your money will be credited shortly.
This method gives you full flexibility to use the cash however you like whether saving it, investing, or spending elsewhere.
Tips to Maximize Your CRED Cashback
Pay Bills Early and Regularly
The more consistent you are with your credit card payments, the more cashback opportunities you unlock. Some rewards are time-sensitive or available only for early bill payments, so don’t wait until the due date.
Check for Limited-Time Offers
CRED often introduces flash sales, festive campaigns, and merchant-specific deals that enhance your cashback value. Stay informed through app notifications and emails to grab the best deals in time.
Stack With Other Discounts
Where possible, use your cashback or rewards in conjunction with promo codes or merchant offers. This stacking method maximizes the value of each rupee saved.
Monitor Expiry Dates
Some cashback offers and vouchers come with an expiry date. Always check the validity and use them before they expire, so you don’t miss out on rewards you’ve already earned.
Common Issues and How to Solve Them
Cashback Not Credited
Sometimes cashback might not reflect immediately. If that happens, check your transaction history under the My Rewards or Activity section. If it still doesn’t show up, contact CRED support within the app for resolution.
Cashback Redemption Fails
On rare occasions, redeeming cashback may fail due to technical issues or inventory problems. In such cases:
- Retry after some time or choose a different offer.
- Contact customer service if cashback was deducted but the voucher was not received.
Using CRED cashback efficiently depends on how well you understand the app’s ecosystem. From redeeming discounts on popular brands to shopping on the CRED Store or transferring funds during promotional periods, your rewards have multiple avenues for use. Stay updated with new campaigns, track your cashback regularly, and don’t let rewards go to waste. As CRED continues to expand its partnerships and features, there will only be more ways for you to benefit from timely credit card payments and responsible financial behavior.