Slice Tremendous Credit score Card
Slice bank card features each as a bank card and a pay later facility. When you pay your bank card invoice for the earlier month in full, then you possibly can avail the cashback profit, in any other case, you possibly can convert your invoice into straightforward EMI and avail the BNPL facility.
To know how this card works, let’s first assume that you just spend round Rs. 15,000 in a month. To pay this invoice you may have two choices:
Possibility A: Paying the invoice in full
When you pay the bank card invoice for the earlier month in full, then you definitely earn cashback on this quantity within the type of Monies.
- For each Rs. 1 spent you earn 1 Monie (thereby for Rs. 15,000 you earn 15,000 monies- as illustrated)
- You’ll be able to redeem these monies solely after you may have collected a minimal of three,00,000 monies. The conversion fee for these monies is as follows:
|1% cashback||As much as 3,00,000|
|1.5% cashback||3,00,000 to five,00,000 monies|
|2% cashback||Monies better than 5,00,000|
Thereby you don’t earn the two% cashback on each transaction straight, however within the type of Monies, that may later be redeemed for as much as 2% cashback. Observe you could earn cashback on this transaction solely once you pay your invoice in full. If you don’t want to pay your invoice in full, you possibly can think about the below-mentioned various.
Possibility B: You’ll be able to convert your complete invoice for the month into three EMIs, and avail an extended interest-free interval of as much as 90 days. Nonetheless, notice that not having the ability to pay these EMI on time, might impose expenses corresponding to a late cost charge which is inclusive of every day expenses or 30% of the excellent quantity together with relevant pursuits.
| Execs and Cons of Slice Tremendous Credit score Card
Uni Card presents itself as a pay as you go card that permits you to spend as per your specified credit score restrict, and pay again the invoice later. Nonetheless, the twin credit score card + pay later characteristic comes into play, once you pay the month-to-month invoice. The cardboard gives two choices to pay the invoice.
Possibility A: Paying the Invoice in full
While you pay the month-to-month invoice in full inside the due date, the Uni card rewards you with a 1% or 1.2% reward. Thus, much like all bank cards you possibly can earn rewards.
Possibility B: Changing the cost into 1/3 or 1/2
If you’re unable to pay your invoice in full, you possibly can convert your invoice into 3 or 2 installments. Nonetheless, notice that if you’re unable to pay any of those installments, you change into liable to pay expenses and penalties corresponding to month-to-month late cost charge of as much as 5% together with finance cost of 5%.
Execs and Cons of Uni Card
RBL Financial institution Paisa on Demand
RBL Financial institution Paisa on Demand features each as a bank card and as a credit score line. This bank card gives services corresponding to 1,000 bonus reward factors as activation profit, 2X rewards on on-line buying, and 1 reward for each Rs. 100 spent. Additional, you possibly can avail gasoline surcharge waiver, complimentary 1+1 film tickets, and an instantaneous cash switch facility. With this bank card, you too can convert purchases above Rs. 3000 into straightforward EMI with tenure starting from 3 to 36 months.
The Paisa on Demand Credit score Card gives the credit score line facility through instantaneous on-line fund switch. You’ll be able to switch funds into your financial savings account for any quantity starting from Rs. 3,000 to as much as your credit score restrict (most Rs. 5 Lakh). Thereby, you get an instantaneous mortgage supply with 100% disbursal with none paperwork.
The perfect half is you could avail the advantages of each of those concurrently. So, let’s assume you may have a credit score restrict of Rs. 1 Lakh and also you spend Rs. 50,000 in a month through your card, now in case you want extra funds, you need to use the remaining 50,000 by transferring it immediately to your linked checking account.
|Execs and Cons of RBL Financial institution Paisa on Demand
How RBL Paisa on Demand wins over Slice and Uni Card?
Compared to Slice and Uni Card, RBL Paisa on Demand card gives you the most effective of each worlds, whereby even once you use the credit score restrict, you don’t compromise on the bank card advantages. It’s because the rewards provided on the bank card should not topic to creating full or partial cost; reward factors might be credited even in case you convert the transaction into EMIs. Additional, even once you use the credit score line, you possibly can pay the minimal quantity due for the bills paid through the cardboard and pay curiosity expenses just for the quantity used for the credit score line. This fashion it can save you your self from the excessive penalty expenses on the general used quantity.