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CRED review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

CRED suits Indian cardholders who settle an ICICI credit card bill and want cashback for it, charging an annual fee of INR 0 and offering cashback on every bill payment. The card is a rewards product, so a cheaper fee matters less than clearing the balance.

Key facts

Best for
Paying down an ICICI credit card bill and earning cashback on it, with an annual fee of INR 0.
Annual fee
₹0↗
Rewards type
Cashback↗
Rewards rate
rewards on every ICICI credit card bill payment↗
Credit needed
Excellent↗
Card kind
Credit↗
Legal entity
Dreamplug Technologies Private Limited↗
Headquarters
India↗
Support channels
Email, Phone, Chat, Help-centre, Community↗
Pricing model
No annual fee
Features
Rewards
Official website
cred.club

Loans

Representative example
Illustrative CRED loan example: INR 500,000 for 3 years, processing fee 3% of loan amount + 18% GST = INR 17,700, interest 20% p.a. reducing balance, total cost of loan INR 186,645, APR 21.92%↗
Lender type
Broker↗
Eligibility
Credit score of 750 or above; valid mobile number issued within India↗
Loan types
Personal, Credit-line↗

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • The annual fee is INR 0 on a no annual fee pricing model, so holding the card costs nothing.
  • Rewards are cashback rather than points, paid as rewards on every ICICI credit card bill payment.
  • Support runs on email, phone and chat, with phone, chat and a help centre listed.

Cons

  • Eligibility needs excellent credit and a valid mobile number issued within India.
  • CRED is a broker, so the lending sits with a partner rather than on its own books.
  • Borrowing adds a processing fee plus GST to the loan amount, and the example APR sits above the 16% site median for credit cards.
CRED

Ready to try CRED?

Scored 9.6 / 10 by SumCue.

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Who it suits

  • Indian cardholders with excellent credit who pay an ICICI credit card bill and want cashback for it.
  • People who want card bill rewards and personal and credit line borrowing in the same place.
  • Readers who prefer a phone or chat line, since support runs on email, phone and chat.

Who should look elsewhere

  • Anyone outside India, since eligibility asks for a mobile number issued within India; bunq serves readers in the euro area at an annual fee of €0.
  • Applicants building credit from a thin file, who may find the secured card from Varo Believe Secured Credit Card more workable at an annual fee of $0.
  • Readers who want to hold and convert money in several currencies, where Wise charges an annual fee of £0.

How CRED compares

Where CRED is available

Available
India

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does CRED cost to hold?+

The card carries an annual fee of INR 0 and a no annual fee pricing model. Rewards are cashback, paid as rewards on every ICICI credit card bill payment. The charge that appears is on borrowing, where a processing fee plus GST is added to the loan amount and interest runs on a reducing balance.

Does CRED lend the money itself?+

CRED is listed as a broker, so it introduces borrowers to a lender rather than holding the debt on its own books. The loan types covered are personal and credit line, covering a personal loan and a revolving credit line.

Who can apply?+

Eligibility asks for excellent credit and a valid mobile number issued within India, so applicants with a thinner credit file are unlikely to qualify. Only a small share of lenders on the site sit in that top credit band, at 3.3%.

What rewards are on offer?+

The reward type is cashback rather than points or miles, and it is paid as rewards on every ICICI credit card bill payment. The return comes from settling a card balance, so it suits people who clear the statement in full rather than those chasing new spend each month.

What does borrowing cost?+

The illustrative CRED loan example adds a processing fee set on the loan amount plus GST, charges interest on a reducing balance, and still lands above the 16% site median for credit cards. Borrowing is the expensive side of this product, not the card.

How do I get help?+

Support runs on email, phone and chat, and a community forum is listed as well. Across the credit card category, phone is the most used route at 85.3%, with the help centre close behind at 74.5% and chat at 36.1%.

Who is behind CRED?+

The service runs under Dreamplug Technologies Private Limited and sits in India, so both the card and the lending are built for the Indian market. That also explains the eligibility rule on a mobile number issued within India.

How does it rank on fees?+

The site ranks it 1 of 312 brands on annual fee, and its cost score of 6.2 matches the overall score of 6.2. The card earns that rank with an annual fee of INR 0 and cashback instead.

Sources

  • cred.club checked September 26, 2026

    Backs: Credit needed, Eligibility

    “to become a CRED member, you need a credit score of 750 or above”

  • cred.club/credit-card-bill-payment-online/icici-bank checked September 26, 2026

    Backs: Annual fee, Card kind, Features, Pricing model, Rewards rate, Rewards type

    “no, the credit card payment facility on the CRED app is absolutely free”

  • cred.club/customer-care checked September 26, 2026

    Backs: Support channels

    “the most direct way to reach us is through in-app support ... you can also write to us via direct messages on Facebook, LinkedIn, Instagram, and X (Twitter)”

  • cred.club/legal/other-disclosures checked September 26, 2026

    Backs: Headquarters, Legal entity, Lender type, Loan types, Representative example

    “Grievance Officer, CRED, No. 769 and 770, 100 Feet Road, 12th Main Road, HAL 2nd Stage, Indiranagar, Bangalore, Karnataka, India - 560038”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Currency conversion fee.

CRED

CRED

Paying down an ICICI credit card bill and earning cashback on it, with an annual fee of INR 0.

9.6/10See alternatives