The CRED app is a credit card bill payment and rewards platform for individuals with good credit scores. The eligibility criteria require users to have a score of 750 or higher. App developers examine credit history to check eligibility. 

Registration involves linking your bank account details to the registered mobile number. Those who need to meet eligibility criteria are waitlisted. The CRED app offers users attractive rewards in the form of CRED Coins. These coins are earned when you use CRED to pay your credit card bills.

This article provides a step-by-step guide detailing the coin redemption process. Learn how to track coin balance, navigate to the cashback section, and maximize redemption value through partner offers from leading brands. 

Redeeming CRED Coins for Cashback 

How to Redeem CRED Coins to Cash

CRED allows effortless redemption of reward coins into cashback using the ‘Burn Coins’ feature. This directly credits the cashback to the linked card per the equivalent coin value held in the account at a 1:1 ratio. For instance, a customer paying a credit card bill of Rs 30,000 via CRED will automatically earn 30,000 CRED coins.

Also Read: How To File Complaint To Cred? Know The Process Here

He can redeem all these coins to get Rs 30,000 as cashback directly credited to the same card. CRED also charges Re 1 for verification while processing cashback. Customers with sufficient coins can redeem them multiple times until they get exhausted. This simplicity of redeeming coins for instant cash makes it very appealing. 

How To Redeem CRED Coins To Cash?

In order to redeem Cred coins to cash, follow these steps mentioned below, and you will be good to go:

Step 1: Navigate to the ‘Rewards’ section.

Step 2: Choose ‘Cashback’ from the left sidebar. 

Step 3: Click ‘Claim Cashback’.

Step 4: Tap ‘Burn Coins’ and finally credit the amount to the card.

The reward coins reflect an equivalent rupee value when redeemed this way. Converting 10000 Coins gets ₹10000 Cashback automatically. There is no cap on how many times a user can extract cashback via burn in a year. 

How to Burn CRED Coins Method

Improving CRED Coin Redemption Value 

Instead of always redeeming coins only for cashback, users can optimize redemption value in various ways, some of which are: 

1. Availing Partner Offers 

Instead of cashback, redeeming CRED coins for partner offers provides more benefits. Examples: Flipkart and Myntra shopping vouchers give 15-20% discounts. Using 1000 coins this way saves extra money compared to getting Rs 1000 cashback straight. 

2. Paying Bills on Time 

Paying credit card bills and loans before the due date via CRED makes customers earn bonus coins consistently. Financial discipline is rewarded. More coins accumulated can further be redeemed for attractive rewards. 

3. Referring Friends

CRED app offers signup bonus coins for referring friends and family. Additional coins are credited to both the referrer and referee after the latter downloads and registers. Periodic referrals are an easy way to accumulate coins at no extra cost. 

4. Checking for Special Contests 

CRED keeps announcing special coin-earning gaming contests. Activities like spinning a wheel, answering questions, etc., provide chances to win thousands of extra coins. Bolsters the redemption powers of customers. 

5. Preferring Partner Gateway Deals 

Many payments done via CRED to third parties also provide deals to save extra money if CRED coins are redeemed while making the payment. Examples include ICICI Home Loans, Axis Bank Credit Cards, etc. Opt for such offers over just cashback wherever possible. 

How to Redeem CRED Coins to Cash Method

How To Use CRED Coins 

CRED Coins hold excellent utility across various spending categories: 

  • Online Shopping: The CRED shopping portal offers additional discounts on affiliated sites like Amazon, Flipkart, etc. if coins are redeemed while making purchases. Helps save extra money. 
  • Travel Bookings: Attractive deals are present on domestic and international flight/hotel bookings done via the CRED travel store. Coins can offset booking charges fully or partially. 
  • Rental Payments: Rent and monthly instalments done via CRED also earn coins. Further earnings can be redeemed to open a 45-day interest-free credit line. It helps manage cash flows better. 
  • Bill Payments: Coins earned on paying utility bills, college fees, and insurance premiums via CRED can be redeemed for equivalent cashback too. 

Also Read: How To Burn CRED Coins Into Cash In 5 Simple & Easy Steps!

How to Redeem CRED Coins to Cash Guide

Additional Way To Maximize CRED Coin Value 

You can now easily maximize CRED Coin Value by the following guide:

  • Earning More Through Referrals: Referring friends or family to download and register on CRED gives extra signup bonus coins for both parties. Doing more referrals continuously helps augment coin balance. 
  • Checking Coin-Earning Contests: CRED keeps running promotional contests offering chances to earn thousands of additional coins by completing simple activities like playing games. Attractive propositions for bolstering redemption power. 
  • Preferring Partner Deals Over Cashback: As discussed earlier, extracting indirect benefits through affiliated platforms allows transferring coin value further vs the straight cashback route. Prioritizing this leads to optimal coin utilization.


In summary, CRED coin redemption involves simply using the “Burn” feature to convert them into cashback. But you can improve the value by redeeming for partner offers. Maximizing coins earned and strategically redeeming them results in this rewarding cashback system becoming even more beneficial.

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