Yes, you can transfer funds from your Cred account to your current account to make purchases as you would with a money transfer credit card. Digital credit card functionality to make contactless and online purchases will become available soon for Cred customers, to be used along the currently available features.
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Do Cred charge any fees?
We charge interest on money that you borrow however we do not charge any fees including late payment fees or any other fees. Cred will never ask for any type of advanced fee in exchange for a loan or credit account.
How do I use Cred?
Full functionality is available in your Cred app including but not limited to drawdowns, making additional payments, setting up payment plans, viewing your transactions and statements.
What mobile phones does Cred work on?
Your mobile phone needs to be at least iOS v13 or Android v8 technology to download the Cred app and open and manage an account.
How do you work out how much interest I pay?
Have a look at your credit agreement for more information on how interest is calculated.