DON'T TRUST CRED FOR INSTANT SETTLEMENT

172°
Deal Newbie
1shubhamsour...
On 29.08.2024, I made rs 5000/- payment to BoB card. On cred app it's shows amount settled on 30.08.2024. On 03.09.2024, statement generated, payment not reflected. On contacting cred on twitter, they ask me contact bank with UTR no, (which I did) .On 04.09.2024, on cred app, it's shows payment failed, refund initiated.

The LATE FEE has been incurred on card.
DON'T TRUST CRED FOR INSTANT SETTLEMENT.

In my case, I was not expecting for instant settlement, but I was having 2-3 days margin, still payment not creditedScreenshot20240903-123449DerpLauncher3Screenshot20240903-075734DerpLauncher2Screenshot20240904-122305DerpLauncher2.

Check all screenshots carefully.







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22 Comments  |  
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Deal Lieutenant Deal Lieutenant
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Always it is good practice to manually check credit in credit card every time you make payment, or else this is bound to happen

Deal Newbie Deal Newbie
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true

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Like Magnet Like Magnet
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When was ur card due date ?  U can ask cred for refund of interest  charges.. i also faced similar issue last month and got refund from cred.

Deal Lieutenant Deal Lieutenant
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I am planning to do the same. Did you do it via twitter?

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Generous Generous
Admin
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yes my payment also got stuck..  they are telling it will be credited tomorrow but due date is today.

Pro Entertainer Pro Entertainer
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Why wait for the last moment, always take buffer

Generous Generous
Admin
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Screenshot2024-09-04at3.51.58PM

Spearhead Spearhead
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with BBPS in place using a BBPS portal is anyways better than CRED nowadays

Generous Generous
Admin
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they had cleared payment today.

Heart of Gold Heart of Gold
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Even I had similar experience, payment for one card was shown successful and then after a day it was shown failed and refunded.

Last month it happened with indusind card.

I usually pay CC bills 3 days in advance to avoid these kind of issues, now have stopped using cred, using cheq, innopay currently.


Helpful Helpful
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Make payment and do cross check next in your credit card app to get confirmation.

And also if the due date is near , directly play from respective card app. This will ensure even if the payment fails you'll not be charged.

Deal Cadet Deal Cadet
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Same happened with me atleast 4 times in last 5 days, how to get refund for interest, thought i haven't been charged any stuck_out_tongue_winking_eye

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