cred app
cred app

Introduction:-

Today with this article we will continue our article series in which we talk about case studies and business model of different startups and big companies. So today I am for you with a new startup company and we will talk about Freecharge founder  Kunal Shah‘s new startup “CRED App“.

If you are finding of Kunal Shah‘s new startup “CRED” and how CRED app works then you can read out this our article.

CRED, the most up to date adventure by Kunal Shah, is the place to be for credit-commendable people. The stage permits Visa clients to deal with different cards, pay credit card bills and get compensated for making payments from credit cards.

At the point when Freecharge fellow benefactor (Co-Founder) Kunal Shah as of late said his most recent endeavour CRED would “celebrate and remunerate the most financially sound individuals of India,” he genuinely would not joke about this.

Surprisingly, with the CRED versatile application, clients really get remunerated for paying their Visa charges on time. This is notwithstanding enabling clients to consistently deal with various Mastercards and chase down shrouded charges on their announcements.

Basically, CRED is a portable stage where you can pay your Visa bills, get ‘cred mint pieces’ for doing as such, and reclaim these currencies for remunerations from a wide accumulation of brands.

The CRED application, which is at present in the beta stage, is accessible just to people with a FICO assessment of more than 750.  But If you are not qualified for 750 scores then you just have to wait.

How CRED App Works? :-

In the first place, the application’s general structure, format, client encounter and onboarding process get quick in addition to focuses.

So these are some points on which we can rate this CRED Application.

Onboarding process:

Firstly, we can get this app on Play Store as well as App store. So from there, you can get the app. After that we will see how CRED App works? 

Setting up a record and adding your charge cards to it is a genuinely simple process on the off chance that you follow the straightforward, well-ordered guidelines.

The application opens with a liquid liveliness of the logo, trailed by a depiction after which you are requested to ‘apply’ and enter your telephone number.

Cred app user experience
Cred app user experience

These three screenshot tells you how and what you will get to see when you will open the CRED App.

Make sure to include the telephone number that is connected to your Credit Card. When you enter your portable number, CRED sends you an OTP to your telephone for moment confirmation. Next, you need to enter your name and number.

The application at that point confirms these subtleties with the RBI to bring your card subtleties. On the off chance that your FICO rating is over 750, you get to.

how CRED app works.
how CRED app works.

It doesn’t make a difference what a number of credit cards you have, on the off chance that they’re associated with your versatile number, CRED will add them to your record.

Also Read:- Freecharge Founder Kunal Shah’s New Startup Cred

Obviously, regardless you need to check each card by filling in the missing digits of the charge card number. The application will then ‘acknowledge’ your record for Re 1 for affirmation.

And after that, you will see the credit cards linked to your mobile number.

how Credd app works
how Creed app works

Rewards:-

When your onboarding procedure is finished, you get remunerated when you’re in. To begin your CRED venture, the application grants you one ‘cred coin’ for each point on your financial assessment.

For example, on the off chance that you have a financial assessment of 800, you get 800 cred coins.

Likewise, for every rupee you pay on your charge card charge, the application grants you a comparable number of cred coins. You can reclaim these coins for remunerations from more than 38 brands that CRED has collaborated with.

They go from Freshmenu, ixigo, Airbnb, Cure.fit and UrbanLadder to UrbanClap, Blue Tokai, Bodycraft and Myntra. With your cred coins, you can compensate yourself to a free tea cake for as less as 750 coins to a free flight ticket for 2,00,000 coins.

You can likewise “pay the bill!” by procuring a guaranteed cashback for paying your Credit bill on Cred. The cashback you win is exchanged to the separate Credit Card, against which you asserted the reward.

how cred app works?
how cred app works?

The application likewise gives two extra alternatives – Card Protect and Smart Statements – for dissecting your financial records and finding shrouded expenses and charges in your Visa bill.

The two alternatives require your unequivocal endorsement to connection to your Gmail record and read your email, after which the application will have the capacity to get to your financial records from your Gmail account.

These announcements help the application direct clients toward concealed charges and additionally comprehend and arrange your uses into ‘Travel’, ‘Sustenance’, ‘Shopping’, ‘Medicinal services’ and ‘Transportation’.

how cred app works?
how cred app works?
Also Read :- Furlenco Business Model, Founder, Funding, Idea and Journey
App UI and app layout:-

When we now talk about App UI  and app layout.

The application’s plan is perfect, moderate, natural, and flaunts an easy to understand UI with smooth progress movements. In general, a cutting edge and liquid structure.

CRED dispatches into a home screen that has subtleties of your FICO rating sourced by means of Experian and CRIF with a ‘View Report’ catch. When you tap on the ‘View Report’ catch, the application opens a page that has subtleties like Payment History, Credit Card Utilization, Age of Credit History and the Total Accounts you have on the stage.

how cred app works
how cred app works

The landing page is essentially planned, with an outline of the quantity of cards you have and in addition ‘News and Updates’ that has all the buzz encompassing the application and its organizer.

The home screen additionally has a ‘View Rewards’ catch that takes you to a page with the prizes accessible,  a lineup of remunerations under various classes like CRED Popular, CRED Privileges, CRED Insanity, and CRED Exclusives.

how app cred works?
how app cred works?

The following tab, ‘Cards’, records all your enrolled charge cards, with subtleties of the extraordinary sum, least installment due and acknowledge limit for the alternative to pay your bills.

The ‘View Details’ choice against each charge card hurls an examination of your spending designs crosswise over classifications like travel, shopping,, food, etc.

how cred app works?
how cred app works?

Is CRED worth the hype?

Some time before Kunal Shah propelled the beta form of the application, there was a great deal of promotion around his new venture. All things considered, he had officially stood out as truly newsworthy by raising $30 million for this new, already unannounced endeavor from a gathering of financial specialists driven by Sequoia Capital.

What’s more, in like manner, with the launch of the application, clients have not shied far from sharing their audits of the application, the vast lion’s share of it positive. The real preferred standpoint, they all concur, is the prizes – all things considered, it is the main stage that rewards trustworthy people.

Notwithstanding, couple of clients have communicated worries about information security, attributable to the requirement for finish email get to. Be that as it may, Cred says it “doesn’t get to some other email than articulations for the Credit Card which the client has unequivocally asked for to be overseen by CRED Protect.

If you are interested in Kunal Shah”s CRED startup you can watch this video:-

Also Read:- Freecharge Founder Kunal Shah’s New Startup Cred

Conclusion:-

So after knowing about all perspectives of this CRED App we reached to the conclusion about it.

Along these lines, indeed, while the prizes, UI/UX encounter, onboarding process, and the effortlessness of the stage are every one of the stars of the present variant of the application, this is only the start.

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