Uni card has launched credit card

which bank they tie up with and source?

Tie up with SBM

Received notification on app regarding credit card

Yelog ko license kab mila vapas?
RBI ne to Slice aur Uni ka license band krwadia tha na o.O

MrKool_JJ wrote:

Yelog ko license kab mila vapas?
RBI ne to Slice aur Uni ka license band krwadia tha na o.O

Now I guess its a proper credit card like one card... Earlier it was credit line... Like loan amount could be used by card... Which rbi banned

batmanBABA wrote:

Now I guess its a proper credit card like one card... Earlier it was credit line... Like loan amount could be used by card... Which rbi banned

Ohh is it...

MrKool_JJ wrote:
Ohh is it...

In India a "proper credit card" can only be issued by a bank. All these fintechs have to tie-up with a bank first & only then they can launch a credit card. Their license is not applicable for credit card in such cases as those credit cards are issued on the basis of partner bank license.

Looks like my existing unincard will be suspended.

tanvi.dhotre0146 wrote:

Tie up with SBM

Received notification on app regarding credit card

SBM ? Never heard it before 😧

My existing unicard is also with SBM, didn't receive any notification

Things are changing at Uni. Here’s what you need to know… To stay compliant with the latest RBI guidelines, we will have to make certain changes. And it impacts how you use your Uni Card. To give you a quick summary, services for the Pay 1/3rd Card will be suspended starting 1st December ‘22. Your SBM Bank card will be suspended but do keep it safe with you. Your credit line continues to be active. And hence, Uni Cash works as usual. The quickest way to transfer your credit line to your bank account.

Gulag-Survivor wrote:
SBM ? Never heard it before 😧

Then you Haven't visited/heard Maldives/Mauritius name

satraghav wrote:
Then you Haven't visited/heard Maldives/Mauritius name

Heard - Yes
Visited - Not yet but will always prefer Palawan,Seychelles,Mauritius or Bora Bora over over-hyped Maldives. 😎

Thank you for letting know, so it's State Bank of Mauritius.

https://www.uni....s/

An important update for you → things are changing at Uni

📌To stay compliant with the latest RBI guidelines, we will have to make certain changes. And it impacts how you use your Uni Card.

What's happening?

➡️Services for the Pay 1/3rd Card will be suspended starting 1st December ‘22. Your SBM Bank card will be suspended but do keep it safe with you.

Your credit line continues to be active. And hence, Uni Cash works as usual. The quickest way to transfer your credit line to your bank account.

What’s next..?

⚡️We’re creating some new, first-of-its-kind products. And you can experience them right away.

Is this recession hitting financial startups in India ?

https://www.desidime.com/discussions/uni-card-h...

The new NX Wave card was replaced instead of the old UNI 1/3 card, but now the waiting list there

https://www.uni....s/

An important update for you → things are changing at Uni

📌To stay compliant with the latest RBI guidelines, we will have to make certain changes. And it impacts how you use your Uni Card.

What's happening?

➡️Services for the Pay 1/3rd Card will be suspended starting 1st December ‘22. Your SBM Bank card will be suspended but do keep it safe with you.

Your credit line continues to be active. And hence, Uni Cash works as usual. The quickest way to transfer your credit line to your bank account.

What’s next..?

⚡️We’re creating some new, first-of-its-kind products. And you can experience them right away.

Is this recession hitting financial startups in India ?

guest_999 wrote:
In India a "proper credit card" can only be issued by a bank. All these fintechs have to tie-up with a bank first & only then they can launch a credit card. Their license is not applicable for credit card in such cases as those credit cards are issued on the basis of partner bank license.

Aj mcd me swipe hua to tha..pir sirf ecom websites pe restriction laga hai?

mandass wrote:
https://www.uni....s/

An important update for you → things are changing at Uni

📌To stay compliant with the latest RBI guidelines, we will have to make certain changes. And it impacts how you use your Uni Card.

What's happening?

➡️Services for the Pay 1/3rd Card will be suspended starting 1st December ‘22. Your SBM Bank card will be suspended but do keep it safe with you.

Your credit line continues to be active. And hence, Uni Cash works as usual. The quickest way to transfer your credit line to your bank account.

What’s next..?

⚡️We’re creating some new, first-of-its-kind products. And you can experience them right away.

Is this recession hitting financial startups in India ?

It's RBI hitting credit-line based card offering startups

MrMonkey wrote:
It's RBI hitting credit-line based card offering startups

Ohh, I see. 

MrKool_JJ wrote:
Aj mcd me swipe hua to tha..pir sirf ecom websites pe restriction laga hai?

If you are talking about uni card then it should stop working once the new changes takes place & a new card is issued.

Yup NX Wave CC by SBM Bank (Unsecured) as per Uni customer care. 1% cashback (except on fuel, rent, wallet, ATM and international transactions although you get fuel surcharge waiver), 0% forex markup, LTF. I am 1,12,588 on the waitlist because I was taking a Saturday evening nap when the message arrived.

If this is a proper credit card like one card then I'm interested. Currently onecard won't give airport lounge access or any other premium features that is included in a normal visa signature card. Hope Unicard bring a super premium Visa Infinite or Mastercard World Elite cc with Airport lounge access, Airport meet & greet, spa,golf,hotel memberships etc for LTF and easy chargebacks with 1 phone call. 

I will also take if it's a proper credit card after some reports and CIBIL entries appearing in early adopters.

Currently no existing relationship with UNI BNPL.

Now Card will be automatically issued or again KYC process even for old users ,!!?

Agnivo007 wrote:

I will also take if it's a proper credit card after some reports and CIBIL entries appearing in early adopters.

Currently no existing relationship with UNI BNPL.

Some 1.5L ppl in waitlist(those who hv applied already) 

timelord wrote:

If this is a proper credit card like one card then I'm interested. Currently onecard won't give airport lounge access or any other premium features that is included in a normal visa signature card. Hope Unicard bring a super premium Visa Infinite or Mastercard World Elite cc with Airport lounge access, Airport meet & greet, spa,golf,hotel memberships etc for LTF and easy chargebacks with 1 phone call. 

Totally agree!
Additionally, the same benefits should pass on to addon cards for whole extended family and friends. And unlimited lounge access anywhere should be without needing to carry any extra cards like priority pass. 

guest_999 wrote:
If you are talking about uni card then it should stop working once the new changes takes place & a new card is issued.

No sirji, this was for Slice...

They still have the old 1/3 1/2 cards showing on official website and shows mobile number entry for signup... shouldn't have they blocked this? How to register interest for real credit card?