Uni Card Vs Slice CardUni Card Vs Slice Card

Uni Card Vs Slice Card

The rise of Buy Now Pay Later (BNPL) is reshaping the payment landscape, offering a fresh alternative to conventional credit cards. Brands such as UNI and Slice are leading this trend, revolutionizing payment methods and credit standards. Unlike traditional credit cards, BNPL cards streamline the process with less paperwork and no need for a credit score. They also offer flexible payment timelines, stretching up to 90 days, which is altering market dynamics. Discover these innovative fintech cards like UNI and Slice that are transforming the transaction experience, making payments seamless and effortless.

Features and Benefits of Uni Card and Slice Card

Uni Card:

  1. Payment Flexibility:
    • Buy Now Pay Later (BNPL) card.
    • Split the payments evenly into three parts, each to be paid in separate installments spanning three months.
  2. Cost Advantages:
    • No extra costs on monthly payments.
    • No Annual Fee, making it a lifetime-free card.
  3. Finance Benefits:
    • No finance charges on installments.
    • No interest on late payments, with applicable late payment charges.
  4. Exclusive Features:
    • Elegant welcome box with card, mask, tag, and chocolate.
    • 1% cashback for full monthly repayment.
    • Extend EMIs up to 12 months.
  5. Application Criteria:
    • No credit score requirement.
    • Minimum age: 18 years.

Slice Card:

  1. Payment Structure:
    • BNPL card with three equal installments.
  2. Cost-Free Usage:
    • No Joining or Annual Fee, ensuring a lifetime-free card.
  3. Cashback and Discounts:
    • Up to 2% instant cashback on every transaction.
    • Weekly discount offers with popular merchants.
  4. Convenient Features:
    • UPI-enabled for faster payments.
    • Lower late payment charges compared to other cards.
  5. Additional Benefits:
    • 2% cashback as monies on every transaction.
    • Fuel surcharge waiver of 2% on eligible transactions.
  6. Application Process:
    • No credit score requirement.
    • Minimum age: 18 years.

Comparison between Uni Card and Slice Card

Uni Card:

  • Main Feature: Divide your payments into three equal parts without any additional fees or charges.
  • Cashback: 1% if full repayment by due date.
  • Reward Redemption: Not applicable.
  • Welcome Benefit: Chocolate, baggage tag, Uni card.
  • Fuel Surcharge Waiver: Not applicable.
  • Fees: NIL for joining/renewal, late fee starts from Rs. 25.
  • Interest Charges: NIL.
  • Eligibility: 18 years minimum, stable income, no credit score required.

Slice Card:

  • Main Feature: Divide the payments into three equal parts, and there are no additional fees or charges associated with this installment plan.
  • Cashback: Up to 2%, not applicable on EMIs.
  • Reward Redemption: Cashback redemption at up to 2% rate.
  • Welcome Benefit: Not applicable.
  • Fuel Surcharge Waiver: 2% on transactions ≤ Rs. 4,000, max waiver Rs. 200/month.
  • Fees: NIL for joining/renewal, late fee starts from Rs. 15.
  • Interest Charges: Applicable on the due amount.
  • Eligibility: 18 years minimum, stable income, no credit score required.

Conclusion

  1. Fintech cards are transforming the landscape of credit by incorporating cutting-edge technology, which offers similar functionalities to traditional credit cards but frequently with more competitive rates.
  2. Buy Now Pay Later gains popularity, granting users financial freedom.
  3. Fintech cards lack in international use, travel perks, and reward rates.
  4. Uni and Slice cards excel; Slice Super stands out for cashback, fuel perks, and low late fees.
  5. Consider potential high-interest charges with Slice Super compared to Uni card.

Frequently Asked Questions (FAQs)

Q1: What distinguishes Uni Card from Slice Card?

A1: Uni Card and Slice Card are both robust options, but Slice offers cashback, fuel benefits, and lower late fees, setting it apart.

Q2: Are Fintech cards such as Uni and Slice accepted for international transactions?

A2: Unfortunately, most Fintech cards, including Uni and Slice, may not be suitable for international transactions.

Q3: What advantages do Slice and Uni cards offer for making payments?

A3: Both offer efficient payment settlement, but Slice’s cashback and fuel benefits make it a more enticing choice.

Q4: Are there drawbacks to using Uni Card or Slice Card?

A4: Although both cards offer advantages, it’s important to note that Slice Super might come with elevated interest fees in contrast to the Uni card.

Q5: How do late payment charges differ between Uni and Slice Cards?

A5: Slice Card generally has lower late payment charges compared to Uni Card, enhancing its appeal for responsible users.

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