Let's learn from the example of Arjun, a young professional, who has just received his Slice Credit Card. Here's how his daily expenses became intelligent:

Cashback Surprise: Arjun spent ₹5,000 on groceries. With the Slice Credit Card, he received 1% cashback, which translated to ₹50 credited back to his account immediately.

Smart Spending with Slice Pay: Arjun treated himself to a ₹20,000 phone but didn't freak out. He divided the cost into three simple payments of ₹6,667 each using Slice Pay, interest-free for three months!

Rewarding UPI Payments: Whenever Arjun paid bills of ₹3,000 using UPI, he collected "fires." In a few transactions, he converted them to 2x cashback and earned a bonus of ₹100.

Ultimately, Arjun saved ₹150 (₹50 cashback + ₹100 rewards) while keeping his expenses in check with ease. This is how Slice enabled him to maximise his spending!

The Slice Credit Card is a free-to-use web card with up to 2% cashback, reward points, and three-month interest-free payments. It's ideal for starters, with simple eligibility, and is supported by Visa, SBM Bank, and NBFCs.

What is a Slice Credit Card?

Slice Credit Card is a web card tailored for credit novices, providing cashback on spending with no joining or annual fees. You can earn as much as 2% cashback on every purchase and split your monthly spending into three interest-free payments in three months. The card also allows you to earn Reward Points, which you can redeem in cashback form, and keep tabs on your spending easily via the Slice app.

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You must be an Indian citizen, over 18 years old, and salaried or self-employed to qualify. The Slice Credit Card is perfect for a person who wishes to establish credit since it has relaxed eligibility criteria and offers all these amenities at no extra cost. Slice collaborates with NBFCs, Visa, and SBM Bank to provide the card.

Benefits of Slice Credit Card

Here’s information about the benefits offered by Slice Credit Card:

Cashback	Slice Credit Card offers you a maximum of 2% cashback on all your transactions in the form of rewards. Below is how you can earn cashback: Card Purchases: Receive instant cashback of 1% on transactions of more than ₹100. Slice UPI Transactions: With every Slice UPI transaction, you receive a "fire" that can be redeemed to earn a maximum of 2x the transaction amount as cashback. Slice Rewards Game: Play the Slice rewards game, referred to as "fire", to get more cashback. Cashback exclusions: You will not receive cashback on fuel, wallet recharge, insurance, rent, tax payment, government services, agriculture cooperative, and education payments. Nor will you get cashback for wallet load, repayments, or self-transfer.
EMAIL	EMI (Equated Monthly Installment) is the amount you pay every month to repay the loan on your Slice credit card. You can calculate your EMI using this formula: EMI = [P x R x (1+R)^n] / [(1+R)^n – 1] Where: P is the amount you borrowed R is the interest rate n is the number of months you have to repay You can also use an EMI calculator to find out your EMI easily. Example: If you borrow ₹90,000 from your Slice credit card for 6 months at 6% interest, your EMI would be ₹15,264. The total interest you will pay on the loan is ₹1,582. Additional info: Some banks allow you to pay your bills in EMIs. You can choose to pay certain purchases or your total outstanding balance in EMIs. Let’s understand it with the help of an example: Suppose you took a loan of ₹90,000 from your Slice credit card for 6 months at an interest rate of 6%. Here's the calculation: Loan Amount (P): ₹90,000 Interest Rate (R): 6% per month (0.06 as a decimal) Repayment Period (n): 6 months Applying the formula, your EMI will be: EMI = [90,000 × 0.06 × (1 + 0.06)^6] / [(1 + 0.06)^6 - 1] EMI = ₹15,264 The total interest paid is ₹1,582. This is how the Slice EMI system enables you to pay back your loan in convenient monthly instalments!
Bill Splitting	Bill Splitting on the Slice Credit Card is a feature where you can split a purchase into three payments to be made in three months without any interest or extra fees. How does it work? Split a purchase via the Slice app into three instalments. Make the instalments in the following three months. What is the Slice Card? Slice card is a "Buy Now Pay Later" (BNPL) card provided by Slice, in partnership with Visa and SBM Bank. It's a cheap card with no joining fee or renewal fee. Benefits of Bill Splitting It helps you manage your spending by dividing your bills into interest-free payments so that you will not have to pay the entire amount at one time.
Fuel Surcharge waiver	A fuel surcharge waiver on a credit card is an amenity that eliminates or lowers the additional fee you incur when making purchases with the card at fuel stations. How does it work? The surcharge is paid by the credit card company in your place. The waiver normally applies only to some fuel stations that have partnerships with the credit card company. You might need to spend a minimum amount of money to get the waiver. There is usually a cap on how many waivers you can obtain in a single billing cycle. Benefits The waiver can help you save anywhere from 1% to 3% per fuel purchase, and fuel credit cards are thus an excellent choice for frequent drivers. Let’s understand it with the help of an example: Suppose you possess a fuel credit card with a fuel surcharge waiver. You get your vehicle filled with ₹5,000 worth of fuel at a network station. Under normal circumstances, a 2% charge would be an additional ₹100. But, courtesy of the waiver Fuel Bill: ₹5,000 Surcharge: ₹100 (2% of ₹5,000) Waiver: ₹100 (waived by the card company) You save ₹100 on your fuel bill! The waiver may, however, be limited to ₹500 per billing cycle, so budget accordingly to save the most.
Rent Convenience Fee Waiver	The rent convenience fee waiver on the Slice Super Card saves you up to ₹300 every month on rent paid using PhonePe and NoBroker. The waiver is for rent payments up to ₹10,000. How does it work? The waiver is for rent payments using PhonePe and NoBroker. You may have a maximum of ₹300 waived per month. The waiver is for transactions of below ₹10,000. Let’s understand it with the help of an example: Suppose you pay ₹8,000 as monthly rent via PhonePe using your Slice Super Card. With the rent convenience fee waiver: Rent Payment: ₹8,000 Convenience Fee: ₹300 (for payments exceeding ₹5,000) Waiver: ₹300 (as the payment qualifies) So, the whole ₹300 charges is exempted! You pay only the ₹8,000 rent without the additional charge. The exemption is for transactions under ₹10,000, which saves you on rent payments every month.

Charges and Fees on Slice Credit Card

Here's a simple breakdown of the fees and charges for the Slice credit card:

Fee/Charge	Amount
Joining Fees	₹0
Annual Fees	₹0
Card Replacement	₹500
Cash Withdrawal Fee	₹50 per transaction
Late Payment Fee (Statement Balance)	Up to ₹500: Nil ₹501 to ₹2,000 : ₹15 ₹2,001 to ₹10,000: ₹40 ₹10,001 to ₹25,000: ₹100 Above ₹25,000: ₹150
Interest (Bank Transfers)	42% per year
Interest (Online/POS Spending)	36% per year
Penal Interest on EMI	36.5% per year (if you miss a payment)
One-time Penalty (First Overdue Day)	₹500 or 30% of EMI (whichever is lower)

Eligibility to apply for a Slice Credit Card

To apply for a Slice Credit Card, you must fulfil these conditions:

Be 18 years or older
Be an Indian national
Be salaried or self-employed
Have a valid Indian address
Show proof of address and identity

Documents required to apply for Slice Credit Card

To apply for a Slice Credit Card, you will have to provide proof of address and proof of identity.

Also Read – Kiwi Credit Card

For proof of address, you can use your Passport or Aadhaar card.
For identification, you can provide your PAN card or Voter ID.

How to apply for a Slice Credit Card?

To apply for a Slice Credit Card via the Slice app, follow these easy steps:

Download the ‘Slice’ app from the Google Play Store or Apple App Store.
Install the application on your device.
Open the app choose the Slice Super Card and click on ‘Apply Now.’
Enter your name, mobile number, PAN card, and Aadhaar card details.
Enter the OTP received on your registered mobile number and click on ‘Proceed.’
The app will check your application and show your eligible credit limit.
If you're happy with it, you'll get a virtual card to use right away.
A physical card will be printed and mailed to you in a few days.

How to maximise the use of Slice Credit Card?

Here’s a simple table to help you maximise your Slice Credit Card usage:

Strategy	How to Do It
Use Slice for everyday spending	Make purchases like groceries, dining, fuel, and online shopping through the Slice app to earn cashback rewards.
Leverage Slice Pay	Use the Slice Pay feature to split large purchases into smaller, more manageable instalments.
Pay bills on time	Always pay your Slice credit card bill on time to keep a good credit score and avoid extra charges.
Track your credit usage.	Keep an eye on how much of your credit limit you’re using. Try to keep it low to improve your credit score.
Take advantage of cashback offers.	Stay updated on Slice’s cashback promotions and deals to earn more rewards.
Use UPI with Slice	Pay through UPI using your Slice account to earn extra cashback or rewards ("fires").
Monitor your credit limit.	Regularly check your credit limit and ask for an increase if needed, based on responsible usage.
Consider upgrading to the Slice Super Card.	If eligible, upgrade to the Slice Super Card for higher limits and extra benefits.

Important Things to remember

Some key points to remember are:

Avoid wasteful expenditure: Don't indulge in impulse buys that exceed your budget.
Monitor your statement regularly: Specifically, check your Slice statement regularly for inconsistencies or unauthorised transactions.
Use credit judiciously: Use your credit card judiciously and spend only up to your limit.

Comparison Table:

Here’s a comparison table for the Slice Credit Card and other popular credit cards based on key features:

Feature	Slice Credit Card	HDFC Regalia Credit Card	SBI Card Elite	ICICI Platinum Credit Card
Annual Fee	₹0	₹2,500	₹4,999	₹0
Cashback/Rewards	Cashback on everyday spending	1-2% rewards on spending	2-5% rewards on specific categories	0.5% rewards on all spending
Welcome Bonus	₹500 cashback on the first transaction	2,500 reward points	2,000 reward points	1,000 reward points
Credit Limit	Based on eligibility (up to ₹10,000)	₹1,00,000+	₹1,00,000+	₹50,000+
EMI Option	Slice Pay (Installments)	Available on large purchases	Available on large purchases	Available on large purchases
Free Credit Period	Up to 50 days	Up to 50 days	Up to 50 days	Up to 50 days
UPI Payments	Cashback on UPI payments	Not applicable	Not applicable	Not applicable
Additional Benefits	Virtual card for instant use	Lounge access, travel benefits	Airport lounge access, movie tickets	Dining offers, easy EMI options

Conclusion

The Slice Credit Card is an ideal option for anyone beginning their credit journey. With no annual or joining fees, you can get up to 2% cashback, simple bill splitting, and interest-free payments. And it comes with convenient features such as UPI payment rewards and a fuel surcharge waiver.

Arjun's experience demonstrates how the Slice Card saves money while keeping spending in check. Whether you're shopping daily or paying bills, Slice makes it easy, rewarding, and hassle-free. Apply now and begin making better financial decisions with a Slice Credit Card.

FAQs related to Slice Credit Card

Q1: With which bank is Slice affiliated?

Following its merger with North East Small Finance Bank, fintech firm Slice will rename the bank Slice Small Finance Bank Limited (Slice SFB), according to the notice of extraordinary general meeting (EGM) dated January 27, 2025.

Q2: Is Slice RBI-approved?

Yes, Slice has been approved by the Reserve Bank of India (RBI), as well as the Competition Commission of India (CCI), the Registrar of Companies (RoC), the Regional Director (RD), and the Income Tax Department for the merger.

Q3: Does Slice offer UPI?

Yes, Slice offers a UPI feature that allows users to create a UPI account within the app by linking their bank accounts. This integration is designed to cater to a wider audience, particularly tech-savvy millennials and Gen Z users.