How To Use Cred Coins- Latest Update

· 9 min read
How To Use Cred Coins- Latest Update

What Are Cred Coins?

The concept of loyalty and reward points has evolved over the years. One such innovative loyalty program is Cred Coins, offered by Cred. Cred is a fintech company that lets you easily manage your payments and earn rewards at the same time. Cred Coins are more than an interesting addition to the app, they are a gateway to unlocking the various perks and benefits for the users.

You can learn how to use cred coins, how to redeem cred coins, and how to burn cred coins through this article. Understanding the features offered by the Cred app is key to making the most of the innovative loyalty program.

How to use Cred coins

As a user, you can earn Cred Coins based on the amount you are paying, the bank you are paying from, and the rewards offered for that transaction. Cred has a wide array of offers with its partner brands, which let you use your Cred Coins.

The ‘Rewards’ section on the Cred app allows users to pick the reward they like, it could be a shopping voucher, discounts on restaurants, bill payments, cashback, and much more. Using Cred coins is a simple process, check out steps:

Read also: How to use Flipkart Super Coins

Process to Use Cred coins

  • You can use cred coins by navigating to the ‘Rewards’ section on the Cred App.
How to use Cred Coins
  • Choose the reward that you would like most and have sufficient coins for.
Use Cred Coins
  • Claim the reward.

Now that we have a basic understanding of Cred Coins and Rewards, let's delve deeper into the Cred Rewards Section.

Cred App Reward Section -  If you are wondering how to use Cred Cashback balance, you should check out the rewards section in the Cred app.

Rewards are a significant part of Cred. The incentives received from these rewards are one of the primary reasons users opt to use the Cred app for payments.

Cred offers a diverse set of rewards that you can claim using your Cred Coins. These rewards can be viewed and claimed by opening the ‘Reward’ menu from the Cred home screen.

Some common forms of rewards that you can unlock in the Cred app are explained below.

Assured Voucher-  Assured vouchers offer discounts and rewards on selected products. You are guaranteed to receive a reward after claiming an assured voucher. Assured vouchers are unlocked by using Cred Coins.

Special Access-  Cred has partnered with multiple brands, stores, and businesses to offer exclusive deals to Cred users.

These deals can be in the form of extra discounts, additional perks, and several other assured benefits that are not available to ordinary customers. Special access perks can be claimed by burning your Cred Coins.

Jackpots-  Jackpots is a playable mini-game in the rewards section of the Cred app. Cred coins are required to play these jackpots.

Discounts and offers are rewarded if you win the jackpot mini-game. The probability of winning the jackpot is based on luck.

Spin & Win-  Spin & Win is similar to Cred Jackpots. It is a mini-game that you can play to win rewards using your Cred Coins. Similar to Jackpots, Spin & Win rewards are also not assured.

Cashback Rewards-  Cashback is an incentive that is calculated as a percentage of the transaction amount. These rewards are given on making payments using the Cred app.

A Cashback is the refund of a part of the amount that you paid for any purchase or transaction. Total cashback received in the Cred app can be viewed in the Rewards section.

Cred Garage Rewards-  Garage is Cred’s expansion into vehicle management services. It is a single dashboard for a host of services related to automobiles such as insurance, challan payments, and vehicle documents that gives out regular rewards to its users.
Cred Garage Rewards range from discounted merchandise to cashback and playable jackpots.

Cred Pay Rewards-  In addition to Cred Coins that are gained on paying credit card bills, you can increase your winnings by using Cred Pay to make regular payments.

Cred Pay is a UPI-based payment method bundled in the Cred app itself which rewards its users with brand vouchers, discounts, and other offers.

Quiz-  Quizzes are trivial mini-games that can be played to win different rewards. Cred Rewards has a bunch of quizzes on different topics that are accessible to play by using Cred Coins.
You can select any quiz based on your interest and knowledge to win assured rewards.

Save More With Boost-  Cred has partnered up with various brands and outlets to give out exclusive Boost coupons. These rewards are exclusive brand discounts with a validity period of less than a day and can be activated using your Cred Coins. Only one Boost can be used at a time.

Deal Of The Day-  Deals of the day are exclusive discounts and offers on selected products. Cred users can claim these discounts by using their Cred coins.

As suggested by the name, ‘Deal of the Day’, the discounts, offers, and products in these rewards change every day.

Ways to Use Cred Coins:

  • Shopping:  Cred coin can be used to shop for anything and everything. From cashback on utility payments to major discounts on food items, Cred has a deal for everyone.
    Whether you are into skincare, travel, or just prefer to get cashback on your regular bills, Cred has got your back.
  • Payments:  Cred Pay is a new feature meant to link UPI with your Cred account. Using this feature you are able to make instant payments in stores using your Cred Coins.

What is the Value of Cred Coins?

Cred Coins are digital coins offered as a reward for using the Cred app. You can use your available coin balance to unlock various perks in the Reward section of Cred app. These coins do not have a fixed value themselves. Thus, the value of Cred coins is dependent on the discount and offer claimed by burning these coins. Moreover, Cred Coins can only be used within the Cred app for reward redemption and it is not possible to prescribe a fixed value to Cred coins.

How to redeem to cred coins

How to Redeem Cred Coins

The Cred Coins value is significant and users can redeem these to gain access to various rewards and benefits. One Cred Coin is equal to one Rupee, for example, if you pay a bill of Rs. 5,000 through the Cred app you get 5,000 Cred Coins. These coins can be used to redeem offers, discounts, gift cards, and vouchers on the Cred app itself.

You can also collect your  Cred coins for a long period of time to redeem them for a grand prize which can be a variety of exciting prizes and valuable rewards. The redemption process is seamless, offering you the opportunity to enjoy huge benefits as a result of responsible financial habits.

Follow These Steps to Know How to Redeem Cred Coins:

  • Open the Cred app and log into your account.
  • Navigate to the “Cred Rewards” section. You can explore the available rewards and offers.
  • Select the rewards or the offer that appeals to you the most.
  • Once you’ve chosen a reward that suits you best click the “Redeem” button.
  • Follow the instructions to claim it.

How to Burn Cred Coins

Burning Cred Coins on the app is a simple process that lets you redeem the collected Cred Coins. If you have a large amount of Cred coins available and they seem to be expiring soon, burning will let you redeem them all in just one go. To ensure a smooth process, you must have sufficient Cred Coins in your account, which can be earned by paying your credit card bills on time through the app.

Follow These Steps to Burn Cred Coins:

  • Open the app and log into your account.
  • Click on ‘Club’ in the panel at the bottom.
  • Navigate to the ‘Rewards’ section and scroll down to the ‘Cashback Rewards’ section
  • Click on the cashback best suited for you and pull down on the circle that appears.
  • You have burned your Cred Coins.

How to Convert Cred Coins to Cash

Cred Coins are a valuable digital currency in the Cred app. These digital coins are received as incentives for using the Cred app. Presently, Cred Coins lack the ability to be used for payments or converted directly into cash. You can use your available coin balance to claim indirect rewards such as discount vouchers and lucky draws. However, the discounts and cashback you receive from using Cred Coins can be seen as a form of converting them indirectly to cash.

Some Ways You Can Use It as Cash Indirectly:

  • You can use the Cred Coins as cash after burning them since they will be credited to the credit card.
  • Every time you pay a bill, an equal amount of Cred Coins will be added to your account, which can be used to redeem any deals or offers
  • You can continue making payments through the app and collecting the Cred Coins to get a larger sum to spend by burning the Coins.

You are essentially saving money on all your transactions by using Cred Coins to avail discounts or cashback.  

Benefits of Cred coins

Cred has incentivized users to manage their credit card payments responsibly, and Cred Coins are a fantastic way to enjoy various perks while doing so. The company has also provided a platform filled with benefits including the ability to redeem, burn, or use coins for exciting prizes, offers, and discounts on a wide range of products, travel deals, and experiences.

Offers on the Cred App Using Cred Coins:

  • Exclusive offers: Unlock special offers and discounts from various partner brands. The offers can range from discounts on online shopping to cashback on services.
  • Cred Lottery: Cred hosts a unique lottery system where you can use your Cred Coins to purchase tickets. You get a chance to win exciting prizes such as smartphones, gift vouchers, and more.
  • Cred Communities: It is a platform within the app that allows users to connect with other Cred users based on their credit card preferences. You can join premium communities using Cred Coins.
  • Cred Pay: This is another feature where Cred Coins can be used to pay your credit card bills. This makes it a convenient and rewarding experience for its users.

Cred Coins Validity

To make the most of your loyalty rewards, it is essential you know how to use Cred Coins. Along with that, their validity is an important part. Cred Coins are typically valid for a year from the date of their claim, although you need to check on the validity periodically through the in-app chat support. It is advisable to use, redeem, or burn them to make the most of the facilities provided by Cred.


Cred has revolutionized the way everyone manages their credit card payments and expenses.  It offers digital tokens called Cred Coins as a reward for making your bill payments on time and through the Cred app. Not only is this method convenient, but it also offers a wide range of benefits such as exclusive discounts and lotteries. Once you learn how to use Cred Coins, you will be able to multiply the benefits provided by the app. Remember to use the Cred app next time you pay your credit card bills.

Frequently Asked Question

Q1. Can I Convert Cred Coins to Cash?

You cannot get direct cash in exchange for Cred coins, but you can redeem them for various rewards and benefits using the Cred app.

Q2. What is the Cred Coin Value in Rupees?

The Cred Coin is said to be One Cred coin = 1₹. That means that if you pay a bill worth Rs. 5,000 you get 5,000 Cred coins.

Q3. Which Banks and Cards Are Supported by Cred?

Banks supported by Cred are PNB, RBL, Axis, SBI, ICICI, HDFC, HSBC, Citibank, Standard Chartered, American Express, and other top Indian banks. Cards supported by Cred include Visa, MasterCard, RuPay, and American Express.

Q4. How to Get Free Cred Coins?

Once you know how to use Cred coins, no amount of coins will be enough. You can get free coins using the ‘Coin Generator’ on the Cred homepage. The generator gets refilled every 6 hours, and so you can play again the same day to avail more coins.