Which PostPaid Or BNPL Is Good As Per Ur Experience?

@getready @Scorpion @xxxyyyzzz @RowdyAK47 @guest_999 @beastboy @ChiruK @decideaim @Tanmayyy @hotchap

Simpl

While there are a ton of these BNPL and Prepaid cards out there, IMO these are the best :

Best prepaid cards – Junio, Akudo 

Best BNPL/Credit line cards and apps – Simpl, Lazypay, Slice 

You will loose your CIBIL since all BNPL changes their partner once in 3-4 months. Advice you to not take any BNPL services. Just use your credit Card as it is 

Slice best for me using from 3 months not even showing in cibil

Have Paytm Postpaid DELITE, Amazon PayLater and Lazypay.

PAYTM POSTPAID DELITE – Apr2019 (Once lending partner changed in Nov2021)
AMAZON PAYLATER – Sep2018
LAZYPAY – Apr2017

First 2, showing in Experian as Consumer Loan and Lazypay has started to showing in Experian as Personal Loan after i generated LazyCard. (Before that no entry).

Before my credit card journey. i was using Paytm postpaid a lot.

Now Just using all the 3 for just one txn below 100 for statement generation and show less pct utilization to improve score.

As most people are suggesting slice i should I warn you that it has a problem it doesn’t show credit limit in the report it shows credit usage and that too wrong i have decent limit in it and it shows 1000 as credit usage and - at credit limit.

& if you have healthy cibil score then the problem with bnpl is if you get low limit then to cibil it would seem that you had to take consumer/personal loan for this small amount and it would affect score.
It would be temporary afcourse.

some bnpl don’t do hard enquiry slice is one of them. Freopay also.

Paytm postpaid loan type is shown as Others and every other bnpl is shown as personal/consumer loan.

Got 4 of these BNPL/Postpaid services and i use all of them ( LazyPay is recent entry ).

AmazonPay – two loan entries in CIBIL

OlaPostpaid – one

LazyPay – One hard enquiry ( Don’t see it as loan yet )

Simpl – Now they’re doing a hard/soft enquiry via Experian/CRIF but when i did there was nothing (Current limit is 15k*)

Edit: Got FreoPay/MoneyTap too but since their interest lies with Neo-banking they may not offer the same for long

Bro I also didn’t opt for any credit lines or BNPLs so far because of the concerns you also seem to have.
The only thing I have outside regular banking is dhani cashback prepaid card.

Flipkart paylater is good as they report on time payments to cibil even if u don’t use it for even 1 rupee + it’s easy to close just by giving a call to customer care and telling them to close it.

Before opting for any BNPL Service, the question one should ask is why do you need it, purpose or use.

If the purpose is to opt an alternative to cc or online offers, Slice is the father of all BNPL. All BNPL have limitations / cons. No other BNPL could match its offers. All I would suggest is use it carefully, do follow regular security norms like do not share OTP, CARD details, etc to anyone except your own soul.

Disclaimer – The above comments are my personal opinions based on my experience. Neither I’m a promoter, shareholder nor an employee of Slice or its affiliates

In terms of offers, slice and simpl. Rest all crap

Add an opinion poll with the popular ones, we’ll know which one dimers are voting and vouching for.

Simpl does not report to Cibil. Rest are shown as personal loan and often misreport. 

I don’t think there is any perfect credit portfolio mix. At present entries in my cibil are 6 cc entries. March issued Idfc card, Flipkart, Airtel card yet to be reported. Paylater account entries in cibil  are Lazypay, Ola, Amazon, Flipkart, Paytm, icici. And 1 closed hdfc debit card emi entry which I used for offer on Myntra in 2021. Though i have Simpl, it doesn’t report to cibil. And yet my cibil score has been stagnant on 784 from last 3 years even though I am using all these credit cards and paylaters. Only 2 points drop last month because of 2 axis enquiries. I tried to vary my usage pattern with an intention to bump this score but it’s not moving. Now i don’t care enough. Atleast mine is not dripping below that so it’s fine for me.

Stay away from any bnpl thing…
They might lure you with great refferal benifits and reward programs..but i suggest you to stay away or atleast research deeply , u will.know why to stay away is wiser.

Off Topic : Anyone requested and Lazypay account got completely deleted ? (Not just blocked/deactivated)

slice not showing anything in. cibil if you are paying at right time.

uni card showing lendbox as CC in the cibil.

Slice

ICICI paylater was too good , but their new charges are shit , i closed it off.

Had amazon, flipkart, ola postpaid plus, lazypay, mobikwik zip, freecharge paylater, simpl. 

Now only have lazypay, freecharge and simpl. Closed remaining ones. Had only one issue with two credit records for amazon (kvb and capital float) but was closed after raising complaint.

Freecharge paylater is decent because it is giving currently 30% upto 125 for bigbasket, jiomart, bb daily and supr daily every tuesday this month. Lazypay was the first paylater account. Simpl is also good and currently doesn’t report to credit bureaus though.