Slice Credit Card Review | Slice Credit Benefits | Disadvantages

Slice Credit Card Review | Slice Credit Benefits | Disadvantages

We'll kick off this review by analyzing the reasons behind cutting up your credit and/or debit cards — then show you why the Slice credit card is a smarter way to spend.

What is a slice credit card?

Slice Credit card is a unique credit card which has been designed to cater to the needs of the students. It aims at making it easier for the students to manage their finances. The card comes with a lot of benefits which have been designed specifically for students. Some of these benefits include: No Annual Fee The card does not have an annual fee, thus making it easier for you to use it without having to worry about the costs.

Up To 2% Cash Back The Slice credit card allows you to get up to 2% cash back on online purchases and in-store purchases at select retailers. You can also choose from your favorite brands to earn discounts and cash back when you shop online or in-store.

Note: The merchants in which you receive cash back from may vary depending on where you live and what your spending habits are.

How Slice Credit Cards Work?

Slice partners with some organizations that allow you to use credit card loans:   

Financing Partners - Slice has partnered with five financing partners for card services.

Slice is a service platform for loans.

SBM Bank offers ‘VISA’ integration to use the loan as a prepaid card.

Together, these three help in using slices like a reloadable prepaid card.

Joining or Annual Fee? 

Slice credit cards are offered as Lifetime Free. There is no joining or annual fee.

Slice Credit Card Benefits Zero Charges 3-Month EMI - Slice offers zero charge 3 month EMI for all purchases. We can split our payments and pay 1/3 per month without any interest or delay charges. Therefore, we get three months free EMI no matter what the cost is.

If we decide to split any expenses into three parts, no charges will be levied. Below is an example of how we can split and pay our debts each month. There are no rewards / cashback if we choose to pay in installments instead of paying in full.

Rewards - Slice uses the word 'monies' for awards. We get 1 paisa for every rupee spent using a slice card. These can be converted into cashback on the Slice app. The cash conversion rate of money is as under:

There is no limit to the amount of 'monies' you can make. Real life cashback will be 1%. It is very difficult to collect more than 3 lakhs considering the target audience of Slice.

Slice Credit Card Pros & Cons Pros    

Credit score is not required for approval Fast & easy no income proofs required Excellent application for tracking transactions and rewards Incremental savings with slice sparks

Cons 

Cashbacks for entry level segments are relatively low

Slice Credit Card Processing Slice credit cards are absolutely free. The card has no processing fee and no joining or annual fee. The slice credit card processing is easy and fast. When you apply for the credit card, you will get approval within a few minutes and it will automatically place your order for the physical card. You don't have to pay for a physical card as well.

Documents to apply for the slice credit card Adhar Card

Pan Card Student ID or collage identity card (If you are a student) Employ Identity card (if you are doing a job) Finally, we looked at what kind of perks and rewards Slice has on offer beyond the cashback and student signup bonus. As it turns out, it offers a host of discounts with certain retailers, tracking features to help you manage your finances as well as a slick mobile app. All in all it's a very solid offering that's only really let down by the fact that in order to grab the best sign up bonus you'll have to wait for your acceptance letter (although the online description does make this clear).

Read more: https://www.knowledgeablegirl.com/2022/04/slice-credit-card-review-

benefits-disadvantages.html