How Much Does It Cost to Develop a Payment App Like Cred
The widespread success and the increasing use of the Cred mobile app got everything thinking about how much does it cost to develop a payment app like Cred. The estimated cost range is between $15,000 to $60,000. The huge cost bracket depends upon many development factors including your chosen company, resource, programing language, platform, features, functionality, security and the country you pick to get your app developed.
What is Cred App?
Cred is a payment app that offers users rewards to users upon clearing the credit card bills before the due date. The payment app, upon maintaining a good credit score, let users enjoy premium services ad opportunities. It guides them about the best offers they can unlock. Almost 27.4% of finance users prefer the app whereas 18% of the target audience is opting directly to use the app from Google Play Store from around the globe. Considering the huge reach of the app, are you planning to develop a clone app like Cred? Learn about its top features and their respective cost.
Cost of To Develop Cred App Features
The core features of the Cred app are listed below:
- Map- The feature helps in detecting the user’s location on the map.
- Streaming- The streaming option involved the start and stop button and the option to switch between different broadcasts
- Payments- Users can see updated balance sheets and integrate their credit card or PayPal account to clear the dues.
- Calls- The app offers audio/video calling options to the user’s contacts.
Cost of App Like Cred Features
Here is a detailed cost breakdown involving the basic and advanced features of an app like Cred.
| Features | Approximate Time Per Hour | Estimated Cost |
| Log In/Sign Up | 25- 35 hours | $5,000- $6,000 |
| Map | 75 – 111 hours | $3,000- $4,440 |
| Payments | 60 – 78 hours | $2,400- $3,120 |
| Streaming | 90 – 140 hours | $3,600- $5,600 |
| Calls | 57 – 365 hours | $10,280- $14,600 |
| One Click Payment | 40 – 45 hours | $8,000- $10,000 |
| Wishlist | 40 – 56 hours | $5,000- $6,000 |
| Track Payment | 35 – 45 hours | $6,500- $8,000 |
| Reward Slab | 36 – 55 hours | $5,000- $6,000 |
The Minimal To Maximum Cost To Develop An App Like Cred
If you want a simple version of Cred you will have to go for only the basic or the most essential features that are the four basic ones listed above. For such an app the cost would be between $70,000-$100,000. Similarly, a bit of an advanced version will have other features like the reward slab, tracker, real-time updates. The cost would be around $120,000-$170,000. Next comes the high-tech version of credit card bill payment apps like Cred with a wide range of features from chatbots, to hubs, forums, advisory and rental advance services. The cost would be around $200,000-$250,000.
Type Of App | Time To Develop | Cost |
| Simple | 3-6 months | $70,000-$100,000 |
| Medium | 6-10 months | $120,000-$170,000 |
| Complex | 10+ months | $200,000-$250,000+ |
The Cost Breakdown Of Developing An App Like Cred By Region
The best region for developing your app like Cred is the United States. You can find the premium resources guaranteeing top results. The cost for a nation iOS app and an Android app is around 150/hour. Here the business analyst would cost around $200/hour. The frontend and backend developers would charge around $30 to $100. The next best region is Eastern Europe where the cost to develop the native iOS and Android version is around $120/hour. The cost to hire different resources range from $25 to $65.
Estimated Cost of Cred App UI/UX Design Features
The user interface and experience are the two important aspects that define the scope of your app. When planning to build an app like Cred you need to make sure that the developer has carried out a profound market research and understand the audience’s persona. The key features constituting the UI/UX of an app involved Usability, Visual Design, Wireframing, Information Architecture, and Interactive Design. So, here is the cost breakdown of key UI/UX features of Cred App.
UI/UX Design Aspects | Approximate Time | Estimated Cost |
| Information Architecture | $10-20/hour | $4,000 |
| Interaction Design | $25-45/hour | $6,500 |
| Usability | $40-60/hour | $5,500 |
| Wireframe | $65-130/hour | $5000 |
| Visual Design | $25-45/hour | $3200 |
Total Estimated Cred like App Development Cost
On the whole, if you are curious to know about how much does it cost to develop a payment app like Cred, the total estimated cost to develop an app like Cred is between the range of $20,000 to $70,000. The higher the cost goes the finest would be the functionality of the app.
