Has anyone won anything more significant than ₹3-5 in cashback? Like they have some slots jackpots for laptops, iphones, etc. And the winners are never listed or announced anywhere afaik.
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Is CRED a scam?
- Thread starter theglobalinvestor
- Start date
Didn't got you. I paid bills and got 1k cashback once. Recently cashbacks have dropped.most of my cashbacks are from previous years
80 k fixed, (2-3 k to 50 k additional depending on adhoc expenses). i registered on redgirrafe on 2018. Looking at payzapp patch, that will stop now( around 25 k, 30 k to continue if no charges from hdfc)
Apart from rent payment, my expenses are around 30-40 k per month that goes on cc.
Mujhe ek baar 103 Rs mila tha ek card payment pe ! Nothing significant otherwise 😁
can we automate payments of CC bills? anyone using payzapp for that?
Thank you, CRED spin yaad aa gaya, got 65 rs. 😅Once upon a time.
Yes, CRED is a scam.
But they are not scamming you, they are scamming their investors.
For users, they give nothing, they take nothing, so not a scam.
For investors, they have raised 100s of millions of $, and have nothing to show for it.
They still don't have product market fit, because they don't have a vision of a product.
But they are not scamming you, they are scamming their investors.
For users, they give nothing, they take nothing, so not a scam.
For investors, they have raised 100s of millions of $, and have nothing to show for it.
They still don't have product market fit, because they don't have a vision of a product.
I'm using CRED since Feb 2019 and in 2019, they used to give 1000rs cashback randomly, i got it 3-4 times, i used to split the bill into 1k payments and used to get 15-20 scratch cards for 15-20k payments. Total cashback is 11,324 rs till now but most of them are from 2019. Even my friends and family members got 1k cashback back then. 
AritraSaha
TF Legend
1-2 years later they will launch the ipo(with crazy high valuation , super high p/e ratio)afterwards the vc will dump all the share into the public after the lock-in period.
-almost every Indian startup story.
Tejo
TF Legend
Ipoh for utility bill payments service provider?
AritraSaha
TF Legend
Tejo
TF Legend
It's bill payments provider + bookings+ monile wallet + payments bank + payment aggregator + merchant service providers + ads, promotion.
Via partnership :- (because it's just payments bank)
Pay later, loans, credit card
Tejo
TF Legend
AritraSaha
TF Legend
Cred -
1. Bill payment
2. UPI
3. Ecom (not compatative)
4. P2P (mint)
5. Loan ( don't know the name)
6. Travel booking.
And i think kunal shah have some plan to new product as well
There are a bazillion apps doing what cred is doing.
0 differentiation, lot's of very low margin businesses. CRED is just a Jack of all trades.
0 differentiation, lot's of very low margin businesses. CRED is just a Jack of all trades.
maheshspanicker
TF Premier
Way back in 2019, I once got Rs 1000.
Cashbacks these days aren't worth it much, I pay some of the bills now on Paytm. Tried Mobikwik a couple of times and Amazon every now and then. Must say Cred has been the fastest in terms of crediting to card.... The coins surely are just a joke!
Use Cred UPI some times when there is no chance of card payment, and this is a good time to use it as they are trying to capture market. Don't get much offers on GPay/PhonePe/Paytm/Amazon these days and I've had a bad experience with Mobikwik UPI. So use Cred more often than not.
But I've slowed on that and returned to GP/Paytm of late, as I am using my Rupay card on merchant UPI transactions. Hope Cred would soon have the ability to support Rupay CC on UPI.
Cashbacks these days aren't worth it much, I pay some of the bills now on Paytm. Tried Mobikwik a couple of times and Amazon every now and then. Must say Cred has been the fastest in terms of crediting to card.... The coins surely are just a joke!
Use Cred UPI some times when there is no chance of card payment, and this is a good time to use it as they are trying to capture market. Don't get much offers on GPay/PhonePe/Paytm/Amazon these days and I've had a bad experience with Mobikwik UPI. So use Cred more often than not.
But I've slowed on that and returned to GP/Paytm of late, as I am using my Rupay card on merchant UPI transactions. Hope Cred would soon have the ability to support Rupay CC on UPI.
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