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Slice Card - Will No Longer Be Credit Linked

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Deal Subedar
Thunder766

Changes from November 2022 onwards.

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Original image link:
https://imgur.com/a/V...lh

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Pro Tech Guru Pro Tech Guru
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Used this Month Only on amazon offer 10% Upto 2500 Offer

Super Stud Super Stud
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What one Nord Bug does to a mf:
Shopping Friend Shopping Friend
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The end of the Slice Era

To summarise :-

1. No simple credit/paylater account with a linked card.

2. App will be broken into 3 sections

3. The first section will be a pre-paid wallet account for which no credit score is needed with a card like Mobikwik Wallet ZIP Pre-paid Card Just for fancy no one uses it you know it I know it 😐

4. The second section will be called Slice borrow. We have to borrow some amount from our credit limit (purchase power) and every time we borrow it a flat fee will be levied as understood from the terms even if we pay within one month. Yes maybe now they'll make multiple loan accounts

5. The 3rd section will be a UPI App where there are other smooth leaders like Phonepe Gpay and all.

One things certain RBI Guidelines killed them ☠️⚰️



Deal Newbie Deal Newbie
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Quick question. Post these new updates, for existing slice users, will the current loan accounts linked to our credit score be removed, assuming they don't use the borrowing feature? 

Upi & slice mini should not have a credit account linked i guess right?

If they continue to give sparks, monies & offers and delete the current loan account linked to credit scores, it's a win-win for me

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Deal Newbie Deal Newbie
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Lets wait for these changes to happen and will see if anything better comes up in terms of offer. Otherwise closure is the last option.
Deal Cadet Deal Cadet
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What do we do with slice Monies? I have 2.6 lacs, was waiting to reach 3lacs to get 1.5% instead of 1%. 
Super Stud Super Stud
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Should have ordered Nord CE 2
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Helpful Helpful
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They could've launched an actual credit card like onecard and spoon by partnering with a bank. Prepaid cards are useless fees for adding money thru cc and extra charges for making payment through prepaid card 

Deal Cadet Deal Cadet
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Basically slice card is gone. Will close it soon. What will happen to PostPe and Uni card ?
Critic Critic
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Next in line to follow the same path. smile
Savings Mentor Savings Mentor
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Oh crap! I have saved a lot with Slice even though it's not a credit card. A sad day definitely. Oh well despite being a prepaid card, if they have good "Spark" offers, it will be a success.

But they really should have used this opportunity to become a full-fledged credit card, in partnership with another bank.

Strangely enough, Uni card messaged me on WhatsApp the other day saying that I can now use it again! Got ₹150 flat cashback too on a transaction.

Deal Lieutenant Deal Lieutenant
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Expected to happen. They went broke when they sponsored Mumbai Indians, and RBI kicked all paylater CC butt with new policy.
Finance Ninja Finance Ninja
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Slice will offer Rewards/cashback on Slice UPI transaction -  😬😬

Slice card remains as rewarding as ever. It is now directly connected to your slice mini account. You will continue to enjoy upto 2% cashback on each card transaction, and get instant cashback with slice spark. Link your mini account to slice UPI to make secure pin-free payments while enjoying instant cashback even on your UPI transactions.

Like Magnet Like Magnet
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What mini account?
Generous Generous
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Chaliye Slice ko vanakam 🙏🏻

Deal Cadet Deal Cadet
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Is it good to redeem the monies? Later they might become waste.

Savings Mentor Savings Mentor
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I always redeemed the monies immediately instead of waiting for 0.5% or 1% higher rate because inflation rises in the period we wait so it costs the same.
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Deal Newbie Deal Newbie
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bill bhare ki naa bhare

Deal Newbie Deal Newbie
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should pay the bill or not.. what will happen to cibil

Deal Newbie Deal Newbie
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I have 5lqc monies should i have to reedem it asap or else will it be carry forward to next slice mini prepaid card please share suggestions i am confused?
Wingman Wingman
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Don't take risk. Redeem it asap. Btw your surname is Soni?
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Helpful Helpful
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Amazon CB offer was the last one I guess. Bye Bye Slice !!
Deal Newbie Deal Newbie
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should pay slice bill or not as company is getting closed

Critic Critic
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Hahahahaha. i hope ur just joking.

we have to pay up what we owe bro 😊 doesn't matter whether Company closing or division closing or feature closing..

Freebie Finder Freebie Finder
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Good! I just finished all referral earnings this month! 🤪🤪🤪 

Deal Newbie Deal Newbie
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i thought grab some 10k out of those millions of funding

Deal Cadet Deal Cadet
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Pro Analyst Pro Analyst
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Are you out of your mind, man? DD is not your regular Social Media site, that you can do these *hit spamming anywhere and everywhere you like to. Post these links only in its own topic, and nowhere else.

@admin please delete such spam comments from this thread and other threads posted by this Guy.

Deal Cadet Deal Cadet
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Is the card still working for doing transactions?
Deal Cadet Deal Cadet
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Yes working for me
Post Emperor Post Emperor
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Any repayment trick to pay with cc slice
Deal Newbie Deal Newbie
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I have more tha 5lakhs monies, redeeming it and will wait to see if new slice is of any use.

My thought of redemption is: if new slice is good, I'll re accumulate monies and anyway I am getting highest reward(2%) out of currently accumulated monies

Hunk Hunk
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I recommend you to redeem as early as possible, because in the coming days there is no guarantee of continuation of Monies. The whole structure of Slice from December 2022 will be Prepaid and Giving loan with interest and there will be no Free Slice of 3 sunglasses.
Hunk Hunk
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Latest update (Q & A) from Slice:

1) Since my slice card can't be used for credit transactions going forward, can I still get access to credit through slice?

Yes. We bring you an all-new way to access credit through Slice borrow. You can enter the amount, as low as Rs.100 and transfer it directly to your bank account.

2) What are the fees?

A flat fee would be charged for each slice borrow transaction. The interest would be charged based on the borrow amount. You would be able to view the fees and interest in the app before you go ahead with the transaction.

3) How do I repay?

You can repay across 12 months, or choose to repay early which can help you save interest. Just move the dial to choose the amount you want to repay.

4) What will happen to my current month card spends, and the existing EMIs, if any?

You can select and save your payment plan for your current month spends in the app, and make the payment on or before the due date. Your due date remains as the 5th of every month. You can continue making repayments for your existing EMIs in the slice borrow section on the app.


5) Will Slice borrow usage affect my credit score?

Your credit score won't get impacted either by the transition or by using slice borrow. As long as you make timely repayments, and maintain good usage, your credit score will remain healthy. We will come back with more Q&As for slice mini shortly.

@respoiler
Helpful Helpful
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Are these changes effective now?
Deal Cadet Deal Cadet
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I have 3.78L monies can anyone tell me if i have to withdraw it right away or i can wait for 5L so that I can withdraw at 2%?? 
Hunk Hunk
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There is no guarantee of Monies after November 30. Withdraw/Encash Monies as early as possible.
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Deal Newbie Deal Newbie
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i have redeemed 3 lakh monies just now , can't take risk
Savings Mentor Savings Mentor
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How much ₹ did that convert into?
Deal Cadet Deal Cadet
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All of only rbi rules
Deal Subedar Deal Subedar
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Slice is still reflecting as credit line in my credit history. When will it be removed from my credit history?

Hunk Hunk
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You should close your Loan (Credit) account by requesting Slice Customer care. After closing it, they will remove the CIBIL entry after 3 months. @anik23

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