Bengaluru, Dec 09: slice recently launched its UPI credit card; a card designed for everyday payments. As UPI has become the country’s default mode for digital payments, integrating credit directly into this ecosystem was essential to provide people with greater access, convenience, and flexibility in their everyday spending. It combines the familiarity and convenience of UPI with the benefits of credit, giving users a way to earn rewards, manage liquidity, and access short-term credit.
Why slice introduced it:
Most credit cards in India are optimized for infrequent, high value spends, whereas the average user’s daily transactions happen on UPI. slice introduced the slice UPI credit card to bridge this gap, so that everyday payments, whether small or recurring, also come with the option of credit and rewards. The idea is to enable users to continue paying the way they already do on UPI, but with the added benefit of cashback while maintaining a balance in their savings account.
How it helps customers:
- Users can earn up to 3% cashback on UPI payments with no transaction limits. People can earn rewards even on a Rs.50 payment.
- Because payments are made using credit instead of a savings balance, customers can maintain liquidity and continue earning interest on their deposits.
- For bigger purchases, any transaction above ₹2,000 can be instantly converted into three interest-free EMIs through the slice app. This feature is available on 40 million merchant outlets.
- The card has no annual fees and avoids hidden or complex charges.
