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 

A_J wrote:

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 

Slice Is Showing As Personal Loan / Consumer Loan? 

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 

bhopali91355 wrote:

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 

Is This True? 

PowerStar wrote:

Is This True? 

Using Slice since 6 months, no issues so far. Even they increased credit limit just few days ago. Ping me for slice referral.

PowerStar wrote:

Is This True? 

Slice using From Past 1 Year No CHANGES
Lazypay is OWNED by Payu and PAYU Lending Partner so this also not going to change  Using from past 2 Years

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

sauravDD wrote:

Slice using From Past 1 Year No CHANGES
Lazypay is OWNED by Payu and PAYU Lending Partner so this also not going to change  Using from past 2 Years

Slice Has 5-6 Lending Partners Showing In Their Site

Yes LazyPay Has Single Partner 

Thanks For The Information

DealFinderrr wrote:

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

Great

tappukepapa wrote:

Using Slice since 6 months, no issues so far. Even they increased credit limit just few days ago. Ping me for slice referral.

Showing In CIBIL? 

sauravDD wrote:

Slice using From Past 1 Year No CHANGES
Lazypay is OWNED by Payu and PAYU Lending Partner so this also not going to change  Using from past 2 Years

Is your Lazypay limit and monthly statement reported to CIBIL?

tenon09 wrote:

Is your Lazypay limit and monthly statement reported to CIBIL?

Yes reported Monthly

bhopali91355 wrote:

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 

Not effects much if u want to use for offers take paylater r else lite i have most of the paylaters

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.

Scorpion wrote:

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.

Great Bro 😃

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.

vkrmjeet wrote:

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.

Slice Has Some Cons 

Whats Ur View On LazyPay? 

PowerStar wrote:

Showing In CIBIL? 

No, Still not showing in Cibil, even after six months. Whereas One card showed up in cibil in just one month.

tappukepapa wrote:

No, Still not showing in Cibil, even after six months. Whereas One card showed up in cibil in just one month.

Okay

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

PowerStar wrote:

Slice Has Some Cons 

Whats Ur View On LazyPay? 

No cons of slice. What cons are you talking about?

Dileep_kumar wrote:

Not effects much if u want to use for offers take paylater r else lite i have most of the paylaters

+1

One hard enquiry costs us 2/3 points max (which can be easily recovered in 1-3 months). Unless the lending partner is famous for doing multiple hard enquiries & reporting wrong data to the credit information companies, there’s no problem in having any number of these

@PowerStar

getready wrote:

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*)

U Missed Slice 😉

Whats Ur Observation On Slice? 

PowerStar wrote:

Slice Has Some Cons 

Whats Ur View On LazyPay? 

Lazypay is also good but if they waitlist you for lazypay card then it will not be worth it
as lazypay later is accepted at very less merchants and you won’t use it as much as you would have used lazypay card which you can use almost anywhere. you will have a wasted entry in your credit report.

For first BNPL i would suggest slice as they have decent offers , flat % reward system and they increase limit promptly.

I would never suggest amazon paylater or flipkart pay later to someone who already have credit history and credit cards utter wastage.
Bnpl with prepaid cards are better as you can use them more, so olamoney postpaid,simpl,paytm postpaid aren’t worth as much as their counterparts.

rohan8397 wrote:

No cons of slice. What cons are you talking about?

Some Guys Reported , Multiple Entries Reflected In CIBIL

vkrmjeet wrote:

Lazypay is also good but if they waitlist you for lazypay card then it will not be worth it
as lazypay later is accepted at very less merchants and you won’t use it as much as you would have used lazypay card which you can use almost anywhere. you will have a wasted entry in your credit report.

For first BNPL i would suggest slice as they have decent offers , flat % reward system and they increase limit promptly.

I would never suggest amazon paylater or flipkart pay later to someone who already have credit history and credit cards utter wastage.
Bnpl with prepaid cards are better as you can use them more, so olamoney postpaid,simpl,paytm postpaid aren’t worth as much as their counterparts.

Thq KG

getready wrote:

+1

One hard enquiry costs us 2/3 points max (which can be easily recovered in 1-3 months). Unless the lending partner is famous for doing multiple hard enquiries & reporting wrong data to the credit information companies, there’s no problem in having any number of these

@PowerStar

Thanks For Ur Inputs KG