CRED, the Bengaluru-based fintech platform known for rewarding timely credit card payments, has expanded its services to include car sales. Through its ‘Garage’ feature, CRED members can now sell their vehicles directly via the app, thanks to partnerships with leading used-car marketplaces CARS24 and Spinny
🚗 CRED Garage: A Comprehensive Vehicle Management Tool
Launched in September 2023, CRED Garage offers a suite of services for vehicle owners, including:
- Insurance Management: Renew motor insurance and receive member-exclusive perks.
- Document Storage: Store essential documents like driver’s license, registration certificate, and insurance papers through DigiLocker integration.
- Maintenance Tracking: Monitor fuel spending, schedule maintenance, and receive alerts for important events like insurance renewals and registration expirations.
- Roadside Assistance: Access 24/7 concierge services for roadside emergencies.
- FASTag Recharge: Recharge FASTag directly through the app.
These features aim to simplify vehicle ownership by consolidating various services into a single platform .
🤝 Partnerships with CARS24 and Spinny
CRED’s collaboration with CARS24 and Spinny enables users to list and sell their cars seamlessly within the app. This integration provides a streamlined process for car sales, offering convenience to users looking to sell their vehicles .Inc42 Media
🎯 Targeting High-Credit-Score Individuals
CRED continues to focus on individuals with high credit scores, typically above 750. By offering services like vehicle management and car sales, CRED aims to provide added value to its members, encouraging financial responsibility and offering rewards for good behavior
