Did you know that every time you miss a payment deadline, it can affect your credit score? This can affect your creditworthiness and make it difficult for you to secure future loans.
However, if you’re a CRED member it’s easy to keep track of your spending and payments. Known as a high-trust, low-friction platform, CRED is enabling the most credit-worthy Indians to improve their lives and lifestyles by better managing their finances.
Here’s how it works:
CRED provides technology-driven interventions to notify its members with alerts to pay bills on time, detect hidden charges, and analyze statements for insights – all of which allow users to save their money and money. Helps to manage credit better.
Let’s take a closer look at the benefits of paying your bills
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Pay on time every month: With so many bills to pay, deadlines are often forgotten. However, paying your bills on time can help reduce debt, raise your credit score, and improve interest rates on future loans. That’s why activating payment alerts or auto-debit for tools like credit cards has become a preferred way to help you stay on top of your monthly payments. CRED informs its members with timely interventions (notifications and alerts) to motivate them to take the right action. In return, members are rewarded for these actions, which encourage them to make smart money decisions.
Identify errors and raise disputes: Identifying and correcting errors in your credit report is essential to maintaining a healthy credit profile and a good credit score. This is where tools like CRED Protect and Smart Statement (if activated) can help members. They help keep track of every single detail of the credit card bill payment journey. How? This AI-enabled system provides due date reminders, insights on spending patterns and other card usage statistics. It also helps identify any hidden charges and suspicious transactions, thereby helping alert members to resolve disputes.
Leverage deals and offers to complement spending: You can use CRED to manage your multiple credit cards and determine which cards to use for special purchases, and the best deals or rewards available. Apart from the option to avail reward points, CRED members also get access to exciting deals and curated packages/offers. When all these are leveraged well, you will be able to save substantial on future purchases.
Pay multiple bills through one platform: With CRED Max, you can pay more than just your credit card bills
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, Make monthly recurring payments for rent, utility, education fees, insurance premiums, phone bills and subscriptions on CRED. Track your spending and benefit from additional liquidity, reward points, deals, exclusive access and more. Paying bills has never been more rewarding.