Skip to main content

Are CRED Rewards a Sham?

 


CRED is a fintech startup that offers a credit card bill payment app. The app is designed to make it easier for users to pay their credit card bills on time and earn rewards. However, there are some concerns that CRED may not be good for consumers.

One concern is that CRED encourages users to spend more money than they can afford. The app uses gamification and social media to create a sense of competition among users. This can lead to users spending more money in order to climb the leaderboard and earn rewards.

Another concern is that CRED's rewards program is not as generous as it may seem. In order to earn the most rewards, users need to pay their credit card bills on time and in full. However, many users may not be able to do this, especially if they are struggling to make ends meet.

Finally, CRED's privacy policy has been criticized for being too vague. The policy states that CRED may share user data with third-party partners, but it does not specify which partners or what data will be shared. This lack of transparency could make users uncomfortable with sharing their personal information with CRED.

Overall, there are some concerns that CRED may not be good for consumers. The app encourages users to spend more money, its rewards program is not as generous as it may seem, and its privacy policy is vague. If you are considering using CRED, it is important to be aware of these concerns and to make an informed decision.

Comments

Post a Comment

Popular posts from this blog

T Shirt Quotes related to Computers

Last week while searching for some computer related quotes for T Shirt I came across certain quotes that I thought were very good.So I thought why not share these quotes with you.So here are these quotes,pick the one you like or if you have any of your favorites then do share it with us.Here is the list.. "Programmers don't byte, they nibble a bit" "To iterate is human, to recurse divine" " first 90% of the code accounts for the first 90% of the development time. The remaining 10% of the code accounts for the other 90% of the development time" "99% of all girls are beautiful, the rest 1% are in my college "ASC!! a stupid question,get a stupid ANS!" "In cartooned form Atom1 - I have lost an electron. Atom2 - Are you sure? Atom1 - I am positive." "There's no place like 127.0.0.1 (“Home” for the non-geeks)" "YouTube(logo) myspace(logo) and I'll Google(logo) your Yahoo(logo)." " I'm a progr...
2 comments
Read more

Google Facts

The name Google is a spelling error. The founders of the site, Larry page and Sergey Brin , thought they were going for Googol .. Googol is the mathematical term for 1 followed by 100 zeros. Initially, Larry and Sergey Brin called their search engine BackRub , named for its analysis of the of the web's "back links." The reason the google page is so bare is because t he founder didn't know HTML and just wanted a quick interface. The company's first office was in a garage , in Menlo Park, California . Google's first employee was Craig Silverstein, now Google's Director of technology. The basis of Google's search technology is called PageRank that assigns a rank to determine how useful it is. However, that is not why it is called PageRank. It is actually named after Google co-founder Larry Page . It would take 5,707 years for a person to search Google's 3 billion pages . The Google software does it in 0.5 seconds. The logos that appear on ...
3 comments
Read more

Google Android Challenge Winners

Google has announced the winners of the first phase of the Android Developer Challenge a contest to create apps for Google's Android mobile operating system.Here are some of the ideas whose creators received $275,000 :: Cab4me : Helps you to find a taxi. CompareEverywhere : A price comparison engine and review reader. Ecorio : Aims to track your carbon footprint. GoCart : Lets you scan a product barcode to then find out where to buy this near-by. Life360 : This seems to be a social network for your neighborhood to post important alerts (like “dog ran away” or “house on fire”). Locale : This tool automatically changes your phone’s setting based on where you are. (Not novel, but perhaps useful.) PicSay : A picture editor which comes with color correction, distortion tools and more, as well as sharing features. Softrace : Compare with others around the world in physical activities like racing. TuneWiki : A self-proclaimed social media player, with synchronized ...
Post a Comment
Read more