In these tough times, liquidity is important. Holding on to your cash for your daily necessities is probably the smart thing to do and letting the bigger expenses, such as your rent be put on credit, or should we say paid through CRED.
Yup, now CRED RentPay allows you to pay rent directly to your landlord via the app in a simple three step process. Just add the amount you want to pay, add in the bank details and UPI of your landlord and pay through your credit card. Over time, CRED will enable members to set up auto-pay for timely payments.
Upcoming features include the ability to make other landlord payments such as maintenance charges and security charges through credit card, which can then be financed with affordable EMIs. CRED RentPay can be availed at a small transaction fee that will range from 1% to 1.5% depending on the member’s credit card network.