How the CRED IndusInd RuPay credit card performs for these payments, especially when used directly within the CRED app.How to earn points, avoid fees, and maximize cashback on rent and utilities using this card.
Yes Cred is giving a great reward for these type of payment you mention in the question, but with some important points to consider:
- The card provides 1 point per ₹100 spent on ‘Pay Rent’ via the CRED app, which can be redeemed inside the app at ₹0.50 per point, effectively giving a 0.5% discount on rent payments.
- This is still better than typical rental payment fees like 1.5% charged by third-party services such as RedGirraffe.
- However, rent payments made through wallets or services coded as ‘wallet load’ do not earn points, so direct rent payment using the card inside the CRED app is necessary.
- Utilities and bill payments through the CRED app also earn 0.5% cashback (points redeemable within the app).
- To maximize rewards, users recommend timing the payments and using the CRED Pay feature where possible.
In summary, the card is effective for rent and utility payments if transacted directly via the CRED app’s payment options, but external rent or utilities payments may not earn rewards.