How to Revoke Financial Info Access to Spend Analyzer and Third-party Apps like CRED?

My regular doomscrolling session took me to a X thread where a user is alleging that ₹1,08,000 was debited from their account. They've mentioned that they've given routine access to CRED (which we all have given at some point). While the investigation is still unfolding, the takeaway for ordinary users is clear—if an app has your financial data, information, or access on tap, the risks are real.

For CRED users, this is a wake-up call. The app iscan turn into a disaster when things go wrong.

What Happened?

According to this thread, a user discovered a large fraudulent transaction linked to data access given via CRED. The allegation wasn’t just about CRED itself. It was about the AA framework, which lets apps like CRED fetch sensitive bank and credit card information directly from your financial institutions.

Our friend Surendhar Kuppusamy (@beingsurendar) has been a victim of major financial fraud, losing ₹1,08,000 in an unauthorized @CRED_club linked transaction, and the system’s security has completely failed to prevent it—even though an OTP was sent and his card was blocked… pic.twitter.com/jlctkED2D4

— Hari 👾 (@hstradeschool) October 7, 2025

The problem? Once you give consent, the app can continue to collect your data until you revoke it. And if something goes wrong, be it a breach, misuse, or insider fraud, the exposure is massive.

Update: This appears to be a case of tokenized card access granted to the CRED app and that being misused at some point. Users on Reddit also have similar understanding. Check out the thread below:

Comment
byu/arsachdeva from discussion
inCreditCardsIndia

What Is AA Access?

The Account Aggregator (AA) framework is a government-backed system that enables you to share your financial data securely across institutions. Think of it as a secure pipeline: instead of emailing statements or uploading PDFs, you authorize apps to fetch data directly from your bank.

• You give consent once.
• The app keeps receiving updates automatically.
• You can revoke access anytime.

In theory, it’s brilliant. In practice, if you forget to revoke access, you’re leaving the tap open.

Why Do Apps Like CRED Need It?

Apps like CRED and other spend trackers depend on AA access to:

• Fetch credit card statements automatically.
• Analyze spending patterns.

Without AA, you’d have to upload your statements manually every month. So yes, it makes your life easier, but it also means the app gets a continuous feed of your financial life.

How to Revoke Access on CRED?

After the shocking case, it's natural for you to feel scared. If you are looking to cut off access, you need to either map out your payment methods (including cards, bank accounts, debit cards), or revoke tokenized access to payment methods. Here's how to do that:

1. Open the CRED app and log in with your registered mobile number.
2. Go to More > Settings >Token Management.
3. Pick your cards, accounts, etc, and select 'Delete Tokens'
4. Confirm your decision and follow the prompts and finalize.

That’s it. Such apps won't be able to use your cards/bank.

Alternatively, you can check your AA access (financial information) and revoke access from this link: Disclaimer: Finvu is a platform that provides access to financial information from many fintech apps in India.

Why Should You Do This?

Revoking AA access doesn’t delete your CRED account. It just turns off the data tap. This is important when:

• You don’t use CRED actively anymore.
• You’re worried about data privacy.
• You’re uninstalling or switching to another app.
• You want tighter control over your data.

Should You Revoke This Access?

CRED has built a reputation as a trustworthy fintech brand. But the recent fraud scare is a reminder that data consent isn’t a “set and forget” thing. The AA framework gives you power, but with that comes responsibility. If you’re using CRED daily and love the insights, fine, keep it running. But if you’re not, or if you’re uneasy about continuous access, take two minutes today and revoke it.

Because at the end of the day, your money and data are yours to protect.