Both products will help its members maintain their good track record and optimise cash and credit. The first product, CRED RentPay, allows its users to pay recurring household expenses and bills, and monthly rent payments using credit cards. The users need to add the landlord’s bank account or UPI details and instantly transfer the rent from their credit card, directly on the app – according to Entrackr.
Some other benefits of paying rent through credit cards also include members receiving CRED coins to spend on products, services, and experiences from CRED partners equivalent to the transaction value of the rent. The company is also planning to enable auto payments for timely rent payments.
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