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A Slice credit card is a UPI-enabled credit card issued by Slice Small Finance Bank. It allows eligible users to make credit-based payments by scanning UPI QR codes, paying supported merchants and using other accepted payment methods. The card offers rewards of up to 3% on eligible spending, a three-month instalment option on qualifying transactions and zero joining and annual fees. However, rewards depend on the applicable conditions, and some transactions attract additional charges. Understanding how the card works, its repayment terms and its limitations can help you decide whether it suits your spending habits.
Key Takeaways
The Slice credit card is a digital credit facility that combines credit card payments with the convenience of UPI. Instead of paying directly from a savings account, eligible cardholders can use their available credit limit to pay participating merchants.
For example, if you buy groceries worth ₹1,500 and pay using your Slice credit card through a supported UPI application, the amount is charged to your credit card account rather than immediately deducted from your savings account. You must repay the amount according to your card statement and payment due date.
The Slice credit card can be used for eligible online and offline purchases, including UPI payments at supported merchants. However, some transactions, such as payments to individuals and certain restricted categories, may not be allowed.
The Slice credit card offers several features designed for everyday spending. The main features are summarised below.
Note: These features are subject to Slice's current credit card terms and conditions. Review the applicable terms before relying on a particular reward, payment facility or fee waiver.
The Slice credit card offers several benefits, from UPI payments using your credit limit to rewards on eligible purchases and flexible repayment options.
One of the benefits is the ability to make eligible UPI payments at supported merchants using your available credit limit. This can be convenient for small purchases, such as groceries, meals and other everyday expenses.
However, using credit does not remove the obligation to repay the amount. Cardholders should keep track of their available limit and ensure that their spending remains within their repayment capacity.
Slice advertises rewards of up to 3% on eligible spending. The actual reward rate depends on the applicable programme conditions and should not be assumed to apply equally to every cardholder or transaction.
Under the published reward terms, the rewards programme uses a currency called monies. The redemption rate depends on the accumulated balance, and the highest advertised rate has additional conditions relating to the cardholder's Slice savings account balance and reward balance. Certain transactions, including fuel, insurance, rent, education, wallet loading and transactions converted into instalments, are excluded from earning monies under the published terms.
The Slice in 3 feature allows eligible purchases to be divided into monthly instalments. This can help cardholders spread a qualifying expense across more than one payment cycle.
However, the feature is not available for every transaction. Slice's published terms specify a minimum transaction amount of ₹2,000 and require the cardholder to meet the applicable repayment and eligibility conditions. The available instalment tenures may include two or three months, depending on the facility offered.
Instalment plans should complement your budget rather than encourage overspending. Always review the repayment terms and schedule before confirming your purchase.
The current published terms list no joining fee and no annual membership fee for the Slice credit card. This means eligible cardholders do not have to pay these standard membership charges to hold the card.
However, a card without an annual fee is not necessarily free for every type of use. Transaction-specific charges, interest and late-payment fees can still apply. Reviewing the full schedule of charges is important before applying.
Slice Spark provides selected promotional offers and cashback deals on participating brands. These offers can provide additional value when a planned purchase qualifies.
The availability, duration and conditions of individual offers can change. Check the offer details in the app before making a purchase rather than assuming that every transaction will qualify for an additional discount.
The Slice credit card has no joining or annual fee, but certain transactions and missed payments may attract charges. According to Slice’s published Most Important Terms and Conditions, the following charges apply under specified conditions.
The finance charge is 3.5% per month (42% per annum) when applicable. Late-payment fees and GST may also apply. Check Slice’s latest terms for the complete fee schedule before using the card, as charges and conditions may change.
Slice provides a monthly statement with the total outstanding amount and payment due date. The interest-free period can range from 14 to 46 days, provided you meet the applicable conditions, including paying the previous statement balance in full by the due date.
Paying only the minimum amount due does not prevent interest from accruing on the remaining balance. Missed payments may also attract late fees and affect your credit history.
If you are managing multiple credit card bills alongside loan EMIs, review your total monthly repayments before taking on additional credit. LoansJagat’s Debt Consolidation facility may help eligible borrowers explore options for combining outstanding debts, subject to lender terms and approval.
The application process is digital and begins through the Slice app. Approval depends on the bank's eligibility criteria and assessment.
Follow these broad steps:
The exact steps and information required may vary according to the current application process. Do not assume that completing an application guarantees approval or a particular credit limit.
Before applying, ensure that you can repay the amount you plan to spend and that the card's features are relevant to your needs.
The Slice credit card can be useful for eligible UPI payments, rewards and spreading qualifying purchases over instalments. However, it is important to understand the reward conditions, transaction charges and repayment rules before applying. Review the latest card terms and check whether its features match your spending habits and repayment capacity. If you’re exploring ways to manage your finances, visit LoansJagat to learn more about borrowing options and make informed financial decisions.
The current published terms list no joining fee and no annual membership fee. However, certain transactions, late payments and carried-forward balances can attract charges. Check the latest schedule of charges before using the card.
No. The card can be used for eligible transactions through supported UPI channels. Merchant acceptance, transaction type and applicable restrictions determine whether a payment can be completed.
Slice advertises rewards of up to 3%. The actual reward rate depends on the current programme conditions, eligible spending categories, reward balance and any additional requirements. Some transaction categories do not earn rewards.
No. The Slice in 3 feature is available only for qualifying transactions and eligible cardholders. The published terms include a minimum transaction amount of ₹2,000 and other repayment conditions. Check the available options before confirming a purchase.
Slice's published terms list zero bank-imposed foreign currency markup and zero bank-imposed dynamic currency conversion markup. However, the exchange rate applied by the card network or merchant can affect the final amount billed.
You may incur late-payment fees and interest, and continued non-payment can lead to card restrictions and credit-bureau reporting. Pay at least the required amount by the due date, and aim to clear the total outstanding balance to avoid interest wherever the interest-free terms apply.
Check the Slice app for application updates or contact official customer support. Approval and the assigned credit limit depend on the bank's assessment.
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