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Contributor‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
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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. 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.
Key takeaways:
For Slice Credit Card apply, you must fulfil these conditions:
To apply for a Slice Credit Card, you will have to provide proof of address and proof of identity.
a) For proof of address, you can use your passport or Aadhaar card.
b) For identification, you can provide your PAN card or voter ID.
To apply for a Slice Credit Card via the Slice app, follow these easy steps:
According to the Slice official webpage, the Slice credit card customer care number is 080 4832 9999 / 1800-121-1905.
Hence, this is the Slice credit card customer care number with other services provided to the users.
One can get multiple cashbacks and rewards of up to 2% or more every time one swipes their Slice credit card.
Here’s information about the benefits offered by the Slice Credit Card:
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.
Up to 2% on eligible spends
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.
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.
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 charge 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.
There are no joining fees and annual fees for the Slice credit card, but there is a 500-rupee charge on card replacement and up to a 36% interest rate charge.
Here's a simple breakdown of the fees for the Slice credit card:
*T&C Apply
₹500 or 30% of EMI (whichever is lower)
One needs to use the Slice card daily, need to pay instalments on time, utilise the cashbacks and reward offers, and utilise the UPI limit.
Here’s a simple table to help you maximise your Slice Credit Card usage:
Some key points to remember are:
Comparison Table:
Here’s a comparison table for the Slice Credit Card and other popular credit cards based on key features:
Bottom line:
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.
Q1: With which bank is Slice affiliated?
Following its merger with North East Small Finance Bank, fintech firm Slice will rename the bank to 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.
Q4: What is the benefit of the Slice credit card?
The benefit of the Slice credit card is cashbacks and reward points that users get.
Q5: Is the Slice card a credit card?
Yes, the Slice card is the credit card.
Q6: Is the Slice credit card safe?
Yes, the Slice credit card is safe.
Q7: Does the Slice card need a CIBIL score?
No, the Slice credit card does not need a CIBIL score.
Q8: Is Slice RBI-approved or not?
Yes, Slice is RBI-approved.
Q9: Which is better, Cred or Slice?
It totally depends on the utility choice: use Cred when you want to build a strong credit score and use Slice when you are a student or beginner.
Q10: Does Slice increase the credit limit?
Yes, Slice does increase the credit limit.
Other Credit Cards | ||||
