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Different Types Of Fintech Cards In India

Different type of Fintech Credit Card In India

A fintech company makes use of software, cloud, mobile, and digital technologies related to financial services. Commercial banks do not issue Fintech cards. These cards are distinct from standard credit cards and often exist in virtual form. The fintech businesses give customers a virtual card with a set credit limit. Within a few days, they will send you a tangible card with the address engraved on it. Fintech Cards are accessible to everyone, irrespective of credit score, however, this does not mean that individuals with low credit ratings can also obtain credit cards from fintech companies. 

Even while the number of fintech credit cards now offered in the Indian market is not very large, not everyone is aware of all the cards’ features. These cards, which have features similar to credit cards, operate on the Buy Now Pay Later principle. Users must install the app as well as comply with the insurer’s rules in order to utilize these cards. Users receive a virtual card in the beginning, and it is delivered right away. However, a physical card is not offered  until a couple of days later.


Following are the benefits of Fintech Cards:

Users receive a virtual card from the fintech companies with a predetermined credit limit. Users can instantly obtain a digital Fintech credit card that they can use on online websites.

Replacing a regular credit card can be stressful, but replacing virtual cards is much easier when a credit card is stolen.

Fintechs provide a diverse array of benefits and programmes, including memberships and savings on services like delivery services, e-pharmacy, and educational technology.

Fintechs distribute cards to consumers using little to no physical documents and undertake digital activation. DigiLocker, eKYC, and video KYC are common digital tools used for KYC.

Types of Fintech cards:

In collaboration with their banking partners, which can be either a traditional bank or an NBFC, many fintech companies have developed their own BNPL Cards and even conventional credit cards. Here under we have given different type of Fintech cards:

Slice Super Card:

For individuals who wish to benefit from rewards on every transaction and are beginners to credit, the Slice Super Card is ideal. Upon every purchase, this credit card provides rewards of close to 2%. Among this card’s great attributes is that there are no annual or renewal fees. Numerous free options are available to you, including split payments, no-cost EMIs, weekly discounts, and more.

Additionally, this credit card has no baseline credit score requirements, making it possible for people with bad credit to obtain this card and start the credit journey.

Joining fee: Nil

Renewal fee: Nil


Benefits of Slice Super Card:

One card:

The One Card Credit Card is a freshly introduced metallic credit card which has recently been released. Although this card shares many characteristics with other regular cards, its construction material gives it a distinctive quality. This is a metal credit card, including a variety of offerings and reward point advantages. Only a few participating banks are authorized to issue this card.

Joining fee: Nil

Renewal fee: Nil


Benefits of One card:

UNI Pay 1/3rd Card:

The UNI Card differs from conventional credit cards, the deal with ordinary credit cards is that interest begins to accumulate for those cards on the first billing cycle’s deadline. Customers can divide the card payment into 3 interest-free installments (as the name hints) every month when using UNI Cards. 

The credit limit on this card is identical to all regular credit cards that offer the choice of making a repayment later. If you choose to pay only a third of the balance, your credit limit for the following month may decrease by the total of your past-due invoices. There are no annual or joining fees with this credit card as long as you keep making on-time payments each month to manage your commitment.

Joining fee: Nil

Annual fee: Nil


Benefits of UNI Pay 1/3rd Card:

Bottom Line:

There are many advantages to utilizing a Fintech credit card. With a Fintech credit card, you can quickly access credit, so you won’t have to wait to buy things you need until your next paycheck. Such cards come in handy when you want money access right away, such as in an emergency. Therefore, if you utilize your card sensibly as well as efficiently, you stand a chance to get unlimited rewards and cashbacks and many more benefits. Users must do their homework while choosing any Fintech credit card to ensure that they will meet the requirements of their needs and wants. Examine its characteristics to see if it is the finest and also the most practical card regarding your spending habits. 


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