Fintech Cards: A Complete Guide

Fintech Cards: A Complete Guide

A fintech company utilizes web, cloud, mobile, or software technology connected to financial services. These Fintech Cards are not issued by commercial banks. Instead, they are typically virtual cards that differ from regular credit cards. Fintech companies provide virtual cards with specific credit limits. Within a few days, they will also provide a physical card with the designated address. Fintech cards are available to everyone, regardless of their credit score. However, this does not mean that individuals with poor credit scores can obtain credit cards from fintech companies.

Below are the best fintech cards:

UNI Pay 1/3rd Card:

The UNI Card differs from traditional credit cards because interest starts accruing on the due date for the first billing cycle with regular credit cards. However, with UNI Cards, you can split the card payment into three interest-free installments each month.

This card has a credit limit like other credit cards that allow for deferred payment. If you choose to make one-third of the payment, your credit limit will be reduced by the amount of your outstanding bills for the next month. As you continue to pay your obligations on time each month, your credit limit will be restored. There are no annual or joining fees for this credit card.

Joining fee:

  • Nil.

Annual fee:

  • Nil.

Eligibility:

  • You must be an Indian citizen.
  • You need to be at least 18 years old.
  • The maximum age limit for this card is 60 years.
  • The applicant must also have a consistent source of income.

Benefits:

  1. This credit card has no annual or joining fee.
  2. If you pay your UNI Credit Card bill in full, you will receive 1% cashback.
  3. Over 99.9% of Indian businesses that accept credit or debit cards also accept the Uni Pay 1/3rd card.
  4. With this card, you can pay one-third of the cost of groceries, essential items, apparel purchases, and unexpected bills.
  5. You can divide the UNI Card Bill into three equal payments over three months with no additional fees or interest.

Slice super credit card:

The Slice Super Credit Card is ideal for those new to credit who want to earn rewards on every purchase. This Fintech Card offers up to 2% rewards on each transaction. One of its best advantages is that it has no renewal or annual fees. You can also enjoy various free services, such as no-cost EMI, payment splitting, weekly specials, and more.

Additionally, there is no minimum credit score requirement for this credit card, allowing beginners to apply and start building credit.

Joining fee:

  • Nil.

Renewal fee:

  • Nil.

Eligibility:

  • You must be an Indian citizen.
  • You must be employed on a salary or be self-employed.
  • The minimum age required is 18.

Refer to Slice Super cards for more information

Benefits:

  1. By choosing EMI, you can make any purchase and pay off your bill in a couple of months.
  2. The Slice card is accepted at 99.95% of stores nationwide.
  3. This card comes with zero joining and annual fees.
  4. It offers a credit limit ranging from Rs. 2,000 to Rs. 10 lakhs.
  5. Get up to 2% immediate cashback on each transaction.

The availability of fintech cards to individuals without credit scores is a significant advantage. They are easily accessible and have a relatively simple application process for people without credit histories.

Additional Reading: HDFC Regalia Credit Card Vs Millennia Credit Card

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