{"id":8053,"date":"2022-06-22T22:17:55","date_gmt":"2022-06-22T16:47:55","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=8053"},"modified":"2022-06-22T22:26:41","modified_gmt":"2022-06-22T16:56:41","slug":"astu-credit","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/astu-credit\/","title":{"rendered":"Astu Credit Review – Build Your Credit With A Debit Card","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

With so many BNPL (Buy Now Pay Later) apps<\/a> entering India, people are curious to use its credit facilities.<\/p>\n

However, it is often very common that the Credit score of the Indians is very poor as they don’t use credit much.<\/p>\n

Astu Credit aims to solve this problem by helping the users build their credit just by making their payments through its app.<\/p>\n

The users don\u2019t even have to make a separate bank account or take any loans to improve their CIBIL score.<\/p>\n

Let\u2019s review this app and decide whether you should use it for building your credit or not.<\/p>\n

What Is Astu Credit?<\/h2>\n

\"Astu<\/p>\n

Astu Credit is an Indian Start-up<\/a> backed by giant VCs like Titan Capital and Samyakth Capital. The platform solely focuses on building the credit score<\/a> of the users.<\/p>\n

It teams up with big credit bureaus such as Experian, CIBIL, CRIF, and EQUIFAX to improve the credit score of the users.<\/p>\n

Rather than creating a new bank account, Astu Credit helps its users make their credit better, just by making payments through their platform. You even get certain offers and discounts with the app.<\/p>\n

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Meaning behind the word Astu:<\/div>\n
(Vedic) IPA: \/\u0250s.tu\/; (Classical) IPA: \/\u02c8\u0250s\u032a.t\u032au\/. VerbEdit. \u0905\u0938\u094d\u0924\u0941 \u2022 (astu<\/em>). let it be, be it so, okay.<\/div>\n<\/blockquote>\n<\/div>\n

Let\u2019s look at its features in detail.<\/p>\n

Features Of Astu Credit<\/h2>\n

\"Astu<\/p>\n

Astu Credit is still in the development phase and is yet to start rolling out all of its features.<\/p>\n

However, I will explain all the features that will be coming in the app and how you can make the most of them.<\/p>\n

1. Debit Card That Boosts Credit Score<\/h3>\n

\"Astu<\/p>\n

The most revolutionary feature of Astu Credit is that it helps in boosting your credit score with a Debit card<\/a>.<\/p>\n

Yes, you heard it right. All you have to do is make your transactions from the platform of the app or through its debit card that Astu will be rolling out in the future.<\/p>\n

Astu claims that your credit score will start improving in three to six months if you continue to use its services for making transactions.<\/p>\n

2. Pay Utility Bills<\/h3>\n

\"Astu<\/p>\n

 <\/p>\n

With Astu, you can easily pay your utility bills through its platform.<\/p>\n

It sends your payment details to its partner NBFCs, who then carry forward the transaction. All such payments also help in improving the credit score of the user.<\/p>\n

You can pay your insurance bills, electricity bills, gas bills, and much more through the platform.<\/p>\n

3. Check Your Credit Score (Coming Soon)<\/h3>\n

You even get to check your credit score with Astu. After entering the relevant details, Astu Credit raises a soft inquiry on your credit history(A soft inquiry does not affect your credit score).<\/p>\n

However, this feature is yet to go live on the platform.<\/p>\n

4. Cashbacks Up To 10%<\/h3>\n

\"Astu<\/p>\n

 <\/p>\n

 <\/p>\n

By using Astu\u2019s services, you can make your transactions seamlessly while improving your credit.<\/p>\n

But, that\u2019s not it. Users are also offered cashback up to 10% on every single transaction for the first 3 months.<\/p>\n

5. Connects With Existing Bank Account<\/h3>\n

If you were thinking that Astu credit will be creating a new account for their services, then it’s not true. Unlike other finance apps, Astu works on your existing bank account.<\/p>\n

All you need to do is link it with your Astu Credit account and bingo. You can then work on your credit score without taking any loans or credit and just by making normal transactions.<\/p>\n

How Does It Work?<\/h2>\n

\"Astu<\/p>\n

Astu Credit teams up with the top Credit bureaus of the world including Experian, CIBIL, Equifax, and CRIF to help its users build their credit.<\/p>\n

It adds up to your bank account on the platform. When you make a payment through the platform, it auto-debits the amount from the bank account.<\/p>\n

As a consumer makes a transaction with Astu\u2019s platform, the details of this event are stored by the platform. After one month, all the transactions made by you in the entire month is prepared and the reports are sent to the credit bureaus.<\/p>\n

These credit bureaus then evaluate all the financial transactions of the user and add them to their credit history. As the credit history keeps growing with time, the credit score of the users slowly starts increasing.<\/p>\n

In a span of 3-6 months, you will be able to see an increased credit score.<\/p>\n

This way you don\u2019t have to take up any loans, credit cards, or any other form of credit to build your credit score. It is a completely safe process that involves no risk.<\/p>\n

Pros<\/h2>\n