Slice Tremendous Credit score Card
Slice bank card capabilities each as a bank card and a pay later facility. Should you pay your bank card invoice for the earlier month in full, then you’ll be able to avail the cashback profit, in any other case, you’ll be able to 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 might have two choices:
Choice A: Paying the invoice in full
Should 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 may redeem these monies solely after you might have amassed 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 higher than 5,00,000|
Thereby you don’t earn the two% cashback on each transaction immediately, however within the type of Monies, that may later be redeemed for as much as 2% cashback. Word you can earn cashback on this transaction solely while you pay your invoice in full. If you don’t want to pay your invoice in full, you’ll be able to contemplate the below-mentioned various.
Choice B: You may convert your whole invoice for the month into three EMIs, and avail an extended interest-free interval of as much as 90 days. Nevertheless, observe that not having the ability to pay these EMI on time, might impose costs comparable to a late fee price which is inclusive of each day costs 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 lets you spend as per your specified credit score restrict, and pay again the invoice later. Nevertheless, the twin credit score card + pay later characteristic comes into play, while you pay the month-to-month invoice. The cardboard affords two choices to pay the invoice.
Choice A: Paying the Invoice in full
While you pay the month-to-month invoice in full throughout the due date, the Uni card rewards you with a 1% or 1.2% reward. Thus, just like all bank cards you’ll be able to earn rewards.
Choice B: Changing the fee into 1/3 or 1/2
In case you are unable to pay your invoice in full, you’ll be able to convert your invoice into 3 or 2 installments. Nevertheless, observe that if you’re unable to pay any of those installments, you turn out to be liable to pay costs and penalties comparable to month-to-month late fee price 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 capabilities each as a bank card and as a credit score line. This bank card affords amenities comparable to 1,000 bonus reward factors as activation profit, 2X rewards on on-line procuring, and 1 reward for each Rs. 100 spent. Additional, you’ll be able to avail gasoline surcharge waiver, complimentary 1+1 film tickets, and an instantaneous cash switch facility. With this bank card, you can too convert purchases above Rs. 3000 into straightforward EMI with tenure starting from 3 to 36 months.
The Paisa on Demand Credit score Card affords the credit score line facility by way of instantaneous on-line fund switch. You may 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 provide with 100% disbursal with none paperwork.
One of the best half is you can avail the advantages of each of those concurrently. So, let’s assume you might have a credit score restrict of Rs. 1 Lakh and also you spend Rs. 50,000 in a month by way of your card, now should you want extra funds, you should utilize 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 affords you the perfect of each worlds, whereby even while you use the credit score restrict, you don’t compromise on the bank card advantages. It’s because the rewards supplied on the bank card are usually not topic to creating full or partial fee; reward factors shall be credited even should you convert the transaction into EMIs. Additional, even while you use the credit score line, you’ll be able to pay the minimal quantity due for the bills paid by way of the cardboard and pay curiosity costs just for the quantity used for the credit score line. This manner it can save you your self from the excessive penalty costs on the general used quantity.