Pay Later or Postpaid Services Shows Personal Loan on CIBIL, Experian etc.

guest_999 wrote:

Amazon/paytm also offering me daily their pay later/postpaid scheme but it is one of my principle never to apply for any app/service pretending to be a credit card but not a real credit card.

Why bro ?? What happens if u use them ? I dont find much difference btw slice and one card

third.i.financial.advisors wrote:
Why bro ?? What happens if u use them ? I dont find much difference btw slice and one card

BNPL are categorized as personal loans(this itself is not a good thing because it shows you are in desperate need of money unlike auto/home loan). Also, BNPL have poor fraud insurance compared to regular credit card because in case of any issue you will be bounced back & forth between the BNPL company/the partner bank/the partner website support(someone here went though this recently when fraud happened on flipkart paylater).

https://www.desidime.com/discussions/urgent-fin...

Onecard is a proper credit card & the partner bank issuing it is responsible for all the support regarding fraud cases.

guest_999 wrote:

BNPL are categorized as personal loans(this itself is not a good thing because it shows you are in desperate need of money unlike auto/home loan). Also, BNPL have poor fraud insurance compared to regular credit card because in case of any issue you will be bounced back & forth between the BNPL company/the partner bank/the partner website support(someone here went though this recently when fraud happened on flipkart paylater).

https://www.desidime.com/discussions/urgent-fin...

Onecard is a proper credit card & the partner bank issuing it is responsible for all the support regarding fraud cases.

Thank you. Please enlighten me about full process in case of frauds with credit card. Do they really handle it well? I thought the fraud insurance they mention is just name sake..lol

third.i.financial.advisors wrote:

Thank you. Please enlighten me about full process in case of frauds with credit card. Do they really handle it well? I thought the fraud insurance they mention is just name sake..lol

Contact credit card company immediately in case of fraud txn & if card company is good(amex is the best here) then they will block the txn from redeeming by the merchant(when you do any txn using credit card then money is not transferred immediately to the seller/merchant acc, it usually takes 24-72 hours). If amt has already been redeemed then the credit card company will ask you to file a chargeback/fraud claim form.

guest_999 wrote:

Contact credit card company immediately in case of fraud txn & if card company is good(amex is the best here) then they will block the txn from redeeming by the merchant(when you do any txn using credit card then money is not transferred immediately to the seller/merchant acc, it usually takes 24-72 hours). If amt has already been redeemed then the credit card company will ask you to file a chargeback/fraud claim form.

Good information

ola gave me postpaid account with 1k limit, without any kyc/documents few days back. Used it for groceries

it’s not postpaid+

nimod wrote:

ola gave me postpaid account with 1k limit, without any kyc/documents few days back. Used it for groceries

it’s not postpaid+

Are you a frequent Ola Cab User? OR what was your usage in Ola app before Postpaid sanction?

satraghav wrote:

Are you a frequent Ola Cab User? OR what was your usage in Ola app before Postpaid sanction?

I use two/three times a month.

Now waiting for ola card. 

Flipkart