A CRED User form will create a new user, and when it does you can trigger an email notification via the form settings page. If you want to do anything else you are looking at using the CRED hooks to trigger some custom code you write or contract someone to write.
So you can create tiered roles with different levels of access. You don't need any other plugin for that to work, though you will need a solution for how your users pay and acquire a given role.
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