How was Slice Credit Card? Brother of One credit card? no joining or annual fees, perfect for new users or those building credit. Enjoy up to 2% instant cashback on every purchase.
Split bills easily and track expenses with the Slice app. Accepted at 99.95% of merchants nationwide.
Let’s find out.
Slice Credit Card Review jonning and annual fees
One of the biggest advantages of the Slice Credit Card is that it does not have any joining or annual fees. This can be a major perk for those who are looking for a credit card that is easy on the wallet.
- Joining Fee: No
- Annual Fee: No
This makes the Slice card a good option for people who are new to credit cards or who have a limited credit history.
Welcome Bonus & Working Process
While Slice Credit Card doesn’t currently advertise a specific welcome bonus like many traditional credit cards, they do offer a referral program where you can earn cashback.
how it works?
- If you use a referral code when signing up, you can get a bonus amount (often around ₹300) after meeting certain conditions (like making your first purchase).
- You can also refer friends and earn a bonus when they use your referral code.
Eligibility Criteria
- Residency: You must be a resident of India.
- Occupation: You can be either salaried or self-employed.
- Age Requirement: You must be 18 years or older.
Featues and benefits of Slice Credit Card
Rewards and Cashback
- Up to 2% Instant Cashback: Earn cashback on every transaction you make with the card. The exact percentage might vary depending on your account and spending habits.
Flexible Repayment Options
- No-Cost EMI (Equated Monthly Installment): Split your bill into three manageable monthly installments without any additional interest or fees. This can be helpful for larger purchases.
- Split Bills: Slice allows you to split your bill with friends directly through the app, making it easier to settle group expenses.
Card Acceptance and Convenience
Widely Accepted: The Slice card is accepted at 99.95% of merchants across India that accept Visa cards. This allows you to use it for most online and in-store purchases.
Fuel Surcharge Waiver: Get a waiver on fuel surcharge fees for transactions below Rs. 5,000 (up to a maximum of Rs. 200 per billing cycle).
Rental Convenience Fee Waiver: For transactions below Rs. 10,000 done via PhonePe and NoBroker for renting apartments, Slice might waive the rental convenience fee (up to Rs. 300 per month).
Other Benefits
- Manage Expenses with Passbook: Track your spending easily with the Slice app’s passbook feature.
- New Deals Every Week: Slice offers new deals and discounts every week through their “Slice Spark” program, potentially helping you save on various purchases.
NOTE:
Credit Limit: The credit limit offered on your Slice card can vary depending on your profile and can range from Rs. 2,000 to Rs. 10 lakh.
No Reward Program: Unlike some cards, Slice doesn’t have a traditional points-based rewards program where you can redeem points for travel or other benefits.
Interest Rates: If you don’t pay your balance in full by the due date, you will be charged interest on the outstanding amount. Make sure to understand the interest rate before using the card.
Hidden Fees
Rental Convenience Fee: This fee applies to transactions related to renting apartments or vehicles. There’s a 1.5% charge on the entire rental transaction value.
Late Payment Fee: If you fail to make your minimum payment by the due date, you will be charged a late payment fee. The exact amount of the fee is not explicitly mentioned on Slice’s website
How to Apply?
- Download the Slice App: You can find the Slice app on the Apple App Store or Google Play Store.
- Initiate the Application: Once downloaded, open the app and look for the “Apply Now” option.
- Fill out the Application Form: The application form will ask for basic information like your name, contact details, income details etc.
- Verification: Slice uses alternative data points to assess your creditworthiness, so you might need to link your bank accounts or provide other verification methods as prompted by the app.
- Approval and Limit: Once your application is processed, Slice will inform you of the decision and the credit limit offered on your card (if approved).
Slice Credit Card vs OneCard
| Feature | Slice Credit Card | OneCard |
|---|---|---|
| Rewards | Up to 2% instant cashback | Reward points convertible to cashback or travel miles |
| Fees | No joining or annual fees, Potential late payment fee, Rental convenience fee (with waivers) | No joining or annual fees, Potential late payment fee |
| Credit Limit | Rs. 2,000 – Rs. 10 lakh | Rs. 5,000 – Rs. 3 lakh |
| Eligibility | 18+, Indian Resident, Regular Income (no minimum credit score) | 18+, Indian Resident, Salaried or Self-employed (credit score considered) |
| Application Process | Fully Online | Fully Online |
| Interest Rates | Applicable on outstanding balance | Applicable on outstanding balance |
| Repayment Options | No-cost EMI (up to 3 months), Split bills | EMI options (up to 60 months), Family member spending tracking |
| Card Network | Visa | Visa |
| Welcome Bonus | Referral bonus program | Potential welcome bonus offers |
| Fuel Surcharge Waiver | Up to Rs. 200 per month on transactions below Rs. 5,000 | No |
| Rental Convenience Fee Waiver | Potential waiver for transactions below Rs. 10,000 via PhonePe and NoBroker | No |
Who benefits most from this card?
Slice Credit Card is ideal for
- New users: No minimum credit score required, making it easy to get approved.
- Budget-conscious: No joining or annual fees, plus bill-splitting and cashback rewards.
- Those with limited credit history: Helps build credit responsibly.
- Non-frequent travelers: Offers simple cashback rewards, better suited for immediate savings than travel perks.
A good option for new credit card users or those building credit with cashback rewards, easy online application, and budget-friendly features like split bills and no joining fees.
Be mindful of potential rental convenience fees and late payment fees.
