SlicePay is an Indian credit (financial) service provider for students and young professionals. Customers can choose between an Access Plan and an EMI Card Membership plan, depending on their needs. Garage Preneurs Internet Pvt Ltd is a Bengaluru-based company. In Delhi, Pune, Mumbai, Hyderabad, Chennai, and Bangalore, Slicepay has six registered offices. SlicePay provides customers with a Rupay EMI Card with a limit of up to Rs 10,000 if their KYC is verified, and their limit is increased if their KYC is verified completely. In this article, we will explain to you details about the Slice Credit Card and all the other details rete to the Slice Credit Card
SlicePay’s professional customer support team is available to assist you 24 hours a day, 7 days a week by phone, email, live chat, and even a visit to the city office. Customers must visit the official website or download the Google Play Store App to file an online complaint.
About Slice Pay Credit Card
SlicePay is a fast-growing fintech company in India that has changed collateral-free student loans in the country. Rajan Bajaj and Deepak Malhotra launched it in November of 2015. SlicePay is based in Bangalore and presently operates in five main cities across India: Hyderabad, Pune, Chennai, Vellore, and Mumbai.
SlicePay was formed with the goal of making menials the company’s most important customer. It has made credit available to the general public through a simple method that does not require the study of a lot of financial jargon. SlicePay prioritizes students and millennials as customers, offering a credit limit of up to 60,000 in the cities listed above.
What is the Process for Getting a Slicepay Credit Card?
A slice card is a Ru-Pay-enabled card that can be used for both offline and online transactions, and it was created with millennials in mind. It doesn’t require an annual subscription or any additional refrigeration costs.
Your cell phone’s Slice app will keep track of all your transactions at your fingertips. To get your Slice card, all you must do is fill out a short form on your Slice app. If you have a referral code from a friend, it will assist you in obtaining a differential factor for your profile analysis. Slice does a customer profile analysis when the application is completed in order to determine how to provide the best possible service.
A student must provide various documents for the KYC procedure, including his college ID, address verification, and identification proof, in order to obtain a Slice credit card. The data is then processed by Slice, who applies several filters to it in order to determine the student’s eligibility. The consumer can acquire the card and activate it through the app using the on-time activation method once the KYC process is completed.
Credit card V/s Pay Later Card
Credit Card: Credit cards have simplified and simplified our lives in recent years. Even if you don’t have any money in your bank account right now, you can buy stuff. Your credit card is given to you with a credit limit, which allows you to make purchases and pay your debts later with interest.
Pay Later Card: The user experience of pay later has revolutionized the marketing sector. This option allows customers to buy everything they want right now and pay for it later without incurring any interest.
How Do I Check the Status of My Application?
When your application goes through the credit analysis procedure, there are two possible outcomes. “Approved” and “waitlisted” are the terms used.
Approved status indicates that the app has shortlisted your profile since it meets all the required requirements. You are free to begin using the app right away. Waitlisted status indicates that your profile is still being reviewed and does not meet the app’s criteria. That isn’t to say your card hasn’t been accepted. The analysis may take a few days, and if your profile fits the requirements, you will be approved for the card.
Slice Credit Card Limit
Slice provides college students with a credit limit of up to 60,000/-. However, the credit limit may differ from one person to the next. If you’re a new member at Slice, you’ll get a little less credit. However, if you pay your installments on time, your credit limit may be increased. Slice also offers its users a no-cost EMI plan if they buy things from specific merchants through the app. Slice card does not have a “minimum amount due” option, which is a remarkable characteristic. So it gives you a 5-day window to repay the huge sum, and if you don’t pay within that time, the money is transformed into an EMI, with a repayment duration of up to 12 months.
What Is the Interest Rate On A Slicepay Credit Card?
Slice has a variety of fantastic interest options to choose from. The interest rate, on the other hand, would be determined exclusively by the type of order. And the app will reveal all the facts about the tenancy at the completion of the order processing. The interest rate is set and computed regularly based on the amount borrowed and the length of time the customer chooses to make monthly payments.
Characteristics of Slice Credit Card
- Slice provides a virtual card for online transactions and a physical card for all offline transactions.
- You may swipe them at any retailer to gain tremendous credit and incredible deals. You have till the end of the month to pay off your credit balance without incurring any additional interest charges.
- One can also choose from a variety of EMI options, with terms ranging from 2 to 18 months. When choosing a longer-term EMI option, the customer’s profile is crucial. The interest charged on the EMI for a period of 12 months would be in the amount of 12-15 percent. It would be in the neighbourhood of 6-8 percent of the transaction amount for six months. In a 12-month EMI plan for a Rupees 10,000 bill, the APR (annual percentage rate) might add up to Rupees 1,500 to the total amount owed. It fluctuates, though, depending on the customer and their spending.
- Another fantastic feature of Slice is the ability to acquire emergency loans directly into your bank account or e-wallet.
- Slice is a customer-friendly merchant app that offers a number of services. Customers can obtain interesting discounts from online suppliers such as Swiggy and Zomato, e-commerce giants like Amazon and Flipkart, transportation platforms like Uber, and entertainment platforms like Hotstar, among others.
Slice Credit Card Advantages
Students are increasingly turning to credit to fund their living expenses and schooling on their own these days.
One of the most significant benefits of a credit card for a student is the ability to fund his education. Anyone can pay their semester tuition fees on credit and pay them off later. In the form of alerts and reminders from your credit card company, it can assist in the development of healthy payment habits.
During one’s school years, one might learn how to budget and take on financial responsibility. Understanding money at an early age can also be a valuable financial lesson. Students would have a better understanding of life if they were financially independent.
Cons of holding a Slice Card
Slice provides a variety of low-interest options, allowing users to choose from a variety of easy options without risking going into debt; nevertheless, at the age of a student, the temptation to splurge may be a boon.
Is Slicepay Available in My Area?
Slicepay can be used at any online or offline merchant that accepts credit or debit cards. It cannot, however, be used at specific retailers, such as prepaid wallets. A slice card cannot be used to withdraw money from ATMs. Some stores offer slice as a debit option, while others offer it as a credit option. It varies by merchant because Slice has complete control over the list of merchants with whom it may collaborate.
The following are some of the most common merchants where a slice card will not work:
- Paytm wallet or payment bank
- Airtel Money
- Citrus Pay wallet
- Payzapp by HDFC
- PhonePe wallet
- Buddy by SBI
- Pockets by ICICI
- Lime by Axis Bank
Slicpay Customer Care Numbers
Call the Slicepay Customer Care Number at 08047096430 in the event of an emergency. Or you can contact our support team using the Slice website or app.
|Via Email Supportfirstname.lastname@example.org|
|Via Phone Helpline Number||+91-8039511673|
|@SlicePay, you need to tweet @SlicePay with your complaint. The customer care will surely reply|
|Register Online Complaint||@Google Play Store|
@Online Website Complaint
Increase Slice Credit Card
To increase the Card Limit, you must complete the KYC (Fully Verify). Even if your credit limit is larger than 10,000, you can only use the SlicePay Card to make transactions up to Rs. 10,000 each month. As a result, you must complete the entire KYC procedure.
If you are unable to extend your Card Limit, simply contact customer service or submit an online request to increase, close your EMI account, and so on.
SlicePay EMI Card Activation Process
- Go to the Card Section of Slicepay.
- To activate your card, click the Activate Card button.
- Choose your PIN.
- Once you’ve verified your phone, your card will be activated and ready to use.