Nowadays in market there are many cards available which college student or kids can take benefits. So today in this post we gonna talk about Slice Card and Uni pay card. Not only talk about them but also do comparison between them.
Please note we have already used this card. And then share our thoughts in the post.
Which is the best Credit Card ?
So you have to read this article till the End
What is a Slice Card ?
Slice Card is kind of visa credit card which was launched by slice on year 2016. Slice launched the card both virtually and physically.
How Does Slice Card Work?
Let say example, in this month you have spent 60000/- using slice card then you have to pay the whole bill of slice in EMI. The bill should be paid before 3 months of EMI. If not paid within this period then slice will charge you extra.
What is a Uni pay Card ?
The card is a Visa Branded card that was produced in collaboration with the NBFC partner Liquidoans, RBL Bank, and SBM Bank. Approximately 99.9% of businesses in India accept the card.
How Does Uni Pay Card Work ?
The Uni Card lets the cardholder, as the name implies, divide their monthly spending into three equally-sized payments that can be made over the following three months. You are not required to pay any additional fees or financial charges for the installments. As you might have seen this charges on slice card. Uni is a newer company so in future it may apply some charges to the users.
Before going to the comparison part, lets talk about some similarities between them.
Similarities between Uni Card and Slice Card
- Both are one-third pay card
- Both can not be used for international transaction
- Both does not have cash withdrawal system
- Both are visa Branded cards
- Both are virtually and physically available
- Both are made for students which are under the age of 21.
- Both card do not required a CIBIL score
Uni Pay Card vs Slice Card
Here I have compare two cards on the basis of some factors.
Keep Reading to learn more.
1. Eligibility
For a Slice card, user should be of 18 years old. And for a Uni card, the user should be of 21 years old. So you can see slice has slight edge over the uni pay card. As above we have discuss that both do not required a CIBIL score, but if your CIBIL score is below 700 then you might not able to apply for this cards.
2. Interest Charges
Uni is a newer company and so there is no interest charge. In Slice, interest charges are applicable on the due amount. One time interest charge is also available on slice card which will paid after 12 months.
So Uni card proves to be a better option.
3. Hidden Charges
Uni Card is said to be a transparent card and it is also true. On the other hand, Slice super card has many hidden charges.
So again Uni card proves to be a better option.
4. Rewards & Cashbacks
In Slice Card, you will get 2% cashback on every purchase. But it is a half story.
The slice doesn’t give you cashbacks on Fuel station payments, rent payment, and wallet load. The 2% cashback is only applicable if your slice account balance is greater or equal to 5 Lakhs rupees. So through this we can say slice normally give 1% cashback on every spends.
On the other hand, Uni Card provide 1% cashback if the cardholder makes the full repayment of the amount spent in a given month by the payment due date.
5. Additional Discount
Slice super card has spark benefits which means you can get extra discounts on amazon, zomato, uber and swiggy.
The Uni card doesn’t offers you this type of benefits.
Now slice gets plus one point.
6. Bill Payments
Lets talk about the flexibility of these cards.
The bill payment of slice super card has to be paid within 3 days. For example bill is generated on Sunday then you have to pay the bill before Thursday. Additional charges are applied, if the bill is paid after 3 days.
On Uni Card, the bill can be paid anytime. One more feature, the bill can be split with another UNI Card user.
Lets see the late fee of these cards
Slice super card
| Due Amount (INR) | Late Fee Applicable(INR) |
|---|---|
| 0-500 | 0 |
| 510-5000 | 20 |
| 5001- 20000 | 50 |
| 20000-50000 | 100 |
| Max | 3000 |
Uni Card
| Due Amount(INR) | Late Fee Applicable(INR) |
|---|---|
| 1-250 | 0 |
| 250-1000 | 50 |
| 1000-2500 | 200 |
| 2500-5000 | 500 |
| 10000-25000 | 2000 |
The late fee of the UNI Card is greater than the late fee of the Slice card.
7. Joining/Renewal Fee
The joining fee of slice card and uni pay card is Nil.
Recently, the CEO of the UNI said that they will soon apply joining fee of 2000 to 3000 INR for their cards.
Conclusion
I hope you liked the information about these two cards. I would say Uni card is better.
Because Uni card is a transparent card and it doesn’t has any hidden charges. The bill payment option is also good.
Download Links of Slice and UNI 👇
Thank you for reading my article. Please feel free to contact me, if you have any doubt.
FAQ
1. Does the Uni Pay Card offer additional benefits?
Yes, the Uni Pay Card may provide additional benefits such as travel insurance, purchase protection, extended warranties, and exclusive discounts at partner merchants. These benefits are common among traditional credit cards offered by established financial institutions.
2. Which card is more suitable for students?
The Slice Card is specifically designed for students and young professionals, offering features and benefits that align with their unique financial needs. It provides personalized spending insights and flexible repayment options, making it a suitable choice for students.
3. What are the repayment options with the Slice Card?
The Slice Card provides flexible repayment options to suit the needs of young professionals and students. These options may include adjustable due dates, installment plans, and the ability to track and manage expenses through a mobile app.