I take it that you’ve heard about CRED and are aware of the product’s basic value proposition.
If you’re still asking this question, I can speculate on the following reasons for that:
- You’re not convinced of Cred’s value proposition.
- You’re convinced of Cred’s value proposition but you’re uncertain of / apprehensive about the “cost” of availing yourself of it.
CRED’s core offering is quite similar to that of a couple of reputed US companies (e.g. Cardlytics, BillGuard) that have been around for several years. So, in principle, Cred’s value proposition is not a mirage.
You might suffer a certain amount of loss of privacy by using CRED. Only you can decide whether that’s worth the benefit of using Cred.
Full Disclosure:
I abandoned Cred midway during the onboarding process since I found a disconnect between what it said and what it did.
I reached out to Cred about this on Twitter.
Yo @Karanbajaj : Have discovered a couple of good apps from your reviews but #Cred isn't one. Contrary to your review, Cred DOES NOT use CIBIL. I've both CIBIL & Experian scores. There's a subprime-to-prime kind of difference between the two. https://t.co/SsrL6Ubao2 pic.twitter.com/qSSlaxcIxo
— Ketharaman Swaminathan (@s_ketharaman) December 2, 2018
I never heard back from Cred.
Personally, I’m wary of any new-age company that fails to respond on Twitter. Ergo, I did not go ahead with Cred.
But, while that was a deal-breaker for me, it may or may not be a deal-broker for others.