Slice Card Review – Features, Pros, Cons & Charges

If you're tired of credit cards that confuse you with hidden charges, long statements, and endless bank calls, Slice Card might be the solution. It’s a Buy Now, Pay Later (BNPL) card designed for beginners, particularly students, freelancers, and individuals new to credit. This blog will explain Slice Card’s features, benefits, fees, pros, and cons in simple words, with real-life examples. Here, we will provide an honest Slice card review.

What is the Slice Card?

Slice Card is not a traditional credit card. It’s a smart, digital card that lets you buy things now and pay later in 3 interest-free parts over 3 months. It’s powered by Visa and accepted at almost all shops and online platforms.

• No joining fee, no annual fee.
• Pay in parts, no extra charges if paid on time.
• Great for building your credit score.

Let's say you bought a new mobile phone worth ₹12,000 using the Slice Card? Instead of paying the full amount in one go, you can do:

• ₹4,000 in June
• ₹4,000 in July
• ₹4,000 in August

No extra cost. No interest.

Key Features of Slice Card

Here, the key feature of the Slice card is: 

• Credit Limit: You can get a limit from ₹2,000 up to ₹10,00,000 depending on your usage & credit behavior.
• Fees: No joining fee. No hidden charges. No monthly maintenance fee.
• Card Type: Visa-powered card. Works at 99.95% of Indian shops, apps, and online platforms.
• EMI Option: You can split your payments into 3 equal parts with zero interest.
• Cashback: Earn up to 2% cashback with Slice Spark deals on popular platforms.
• App: The Slice app shows your spending, due dates, and cashback clearly.
• Eligibility: Anyone 18+ living in India with PAN and Aadhaar can apply.

Fee & Charges of Slice Card 

Here are the fees & Charges  of this credit card, which comes without any joining or annual fees so however, some of the important Slice  Credit Card charges are given below:

Type of Fee or Charge	Amount
Joining Fee	Nil
Card Replacement Fee	Nil
Annual/ Renewal Fee	INR. 500
Card Withdrawal Through ATM	INR 50
Late Payment Charges	Up to INR 500 Nil Between INR 501 - 2,000: INR 15 Between INR 2,001 - 10,000: INR 40 Between INR 10,001 - 25,000: INR 100 Above INR 25,000: INR 150

Benefits of Using Slice Card

Let’s say you’re 21, just started investing with Zerodha, and want to build your credit. But regular banks won’t give you a credit card yet. That’s where Slice Card comes in.

Here’s why people (especially students and young professionals) like it:

Zero Joining & Annual Fee

• Most credit cards charge ₹500 to ₹1,000 every year.
• Slice Card charges nothing.
• It’s totally free to start and use.

Easy EMI on Big Purchases

Bought something expensive, like a phone or laptop? For example, bought a tablet for ₹18,000? Just pay ₹6,000 per month for 3 months, with zero interest.

Fast Approval (Even for Students)

• No need for a big job or long salary slip.
• Students, freelancers, and freshers can also get the Slice Card.

Build Your Credit Score

• When you pay your bills on time, your credit score goes up.
• Later, you can apply for bigger loans or premium credit cards.

Cashback on Daily Spending

Spend on apps you already use, like:

• Zomato
• Amazon
• Ola
• Swiggy
• BookMyShow

Get cashback via Slice Spark deals. It’s like getting a reward for spending smart.

Slice Card Limitations

Slice also has some downsides you should know before using it.

• Not a "real" credit card: No luxury perks like airport lounge access, travel rewards, or premium services.
• Interest if you miss payments: If you forget to pay on time, Slice charges 12% to 36% annual interest.
• Not accepted on all platforms: Doesn’t work on some sites like IRCTC, insurance portals, or mutual fund apps.
• No international use: You can’t use it outside India or on foreign shopping websites.

App Experience: Slice Card

Using the Slice app is just like using Swiggy or Zomato: quick, smooth, and hassle-free. Here's what you’ll see inside the app:

• Where did you spend your money
• How much do you need to pay
• How much cashback have you earned
• Your bill's due date

No long bank statements. No confusing charts. Just a clean, clear dashboard that even your parents could use without asking questions.

Pros & Cons of Slice Card

Here are the pros & cons of the Slice card:

Pros	Cons
No hidden charges. Pay in 3 easy EMIs with zero extra cost. Attractive cashback offers and discounts with Slice Spark. Easily available for students and young professionals (no job needed).	Charges interest if you miss payment due date. Not usable outside India (no international transactions allowed). Basic banking features only (no savings account, no UPI, etc.) No premium features like travel benefits or lounge access

How to Apply for a Slice Card?

1. Download the Slice app from the Play Store or App Store.
2. Register with your mobile number.
3. Complete KYC with Aadhaar + PAN.
4. Get approval in minutes (if eligible).
5. Once activated, start using it like any other card.

No salary slip? No worries. They don’t ask for it.

Real-Life Example

Ramesh, a 23-year-old from Pune, started investing ₹2,000/month in small-cap stocks. He wanted to buy headphones worth ₹4,500 but didn’t want to break his SIP plan.

So he used Slice:

• Paid ₹1,500/month over 3 months
• No interest
• Got cashback via Slice Spark
• Improved his credit score
• Later qualified for the ICICI Amazon Pay credit card

Also, check: Axis Ace Credit Card: Benefits, Eligibility & Charges

Conclusion

In conclusion, the Slice Card is a great choice for beginners who want an easy, no-fee way to manage spending. You get cashback, simple EMIs, and fast approval even if you’re a student or just starting your job. Just make sure to pay on time, or it’ll cost you interest. Use it smartly, and Slice can help you build credit and move toward better financial options in the future.