Cred Will Allow Users To Pay Rent Using Credit Card {Coming Soon}

Cred Allow Users To Pay Rent Using Credit Card

Cred App popularly know as credit card payment mobile application lead by Kunal Shah is going to bring two new service for its users flexible credit line and paying your rent via credit cards by the end of this week , company is working very closely with its banking partner to make this lending product live.

Cred Will Allow Users To Pay Rent Using Credit Card {Coming Soon}

Service would be free of cost, but rent payment service may be included i.e 1.75% of the total amount and credit line would be offered at around one-third of current interest rates in the market.

Cred is going to launch this feature on a pilot for selected group of people and if things go well in the pilot phase these feature will be live for all the Cred users, credit card player charges around 36-42% interest annually on the payment, ie 3%-3.5% interest monthly roughly, which is very painful for the customer, but paying the rent from Cred seems to be a much more economical option than paying directly through your credit card.

Experian Score Cred
Experian Score Cred

To pay rent via Cred, user has to add bank account details of the landlord or he can also add  (UPI) unified payment interface handle of the landlord.

Also Read: Wellthy Therapeutics Raises $4M By Saama Capital

Cred has one of the unique business model wilh initially offer its product to only those customers whose credit scores are at least 750 and people with lower scores will be initially waitlisted.

Cred is backed by investors Sequoia Capital, Ribbit Capital, DST Global, Tiger Global, General Catalyst among others. It has raised more than $170 million funding since launch.

About Abhi

Abhi is Editor at Selectyourdeals he loves to write and cover the latest startup, technology related news.

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One Comment on “Cred Will Allow Users To Pay Rent Using Credit Card {Coming Soon}”

  1. At the point when you make your rent payment on Nobroker Pay over and over then, you’ll definitely earn miles, get cashback, and reward points on every property payment with your card. In that case, if you don’t know how much you can earn through it, you can contact your bank, they will help you as it assists upon the card you have. NoBroker Pay is the service I think I am going to use each month. It’s actually an incredible stage to pay rent and gain reward points. I would recommend users/tenants pay using a credit card that earns you the most prize points. Check the details about Payment:

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