Uni Pay 1/3rd Card

With the Uni Pay 1/3rd Card, you can divide your monthly expenses into three equal payments that you can make over the course of the following three months. Although Uni Card is not a standard credit card, it functions quite similarly because you receive a monthly credit limit against a line of credit.

Uniorbit Technologies, in collaboration with its banking partners RBL Bank and SBM Bank and NBFC partner Liquidoans, issues the Uni Card on the Visa payment platform. 99.9% of businesses that accept Visa credit/debit cards also accept Uni Card.

You attempt to use your credit card as effectively as possible when you have one. The credit card bills, on the other hand, are a concern because you will need to pay them each month. So, don’t be concerned—you can apply for UNI Cards with no joining or annual fees. A Pay Later Card called the UNI Pay 1/3rd card from Uniorbit Technologies enables you to split your monthly bill into three equal payments over the course of the following three months without incurring any additional fees. It differs from ordinary credit cards in that there will be no interest paid even if you pay off your balance within three months.

Fees And Charges Of Uni Pay 1/3rd Card

Particulars	Charges
Joining Fee	NIL
Annual Fee	NIL
Minimum Amount Due	7.5 percent of the outstanding sum
Carry Forward Fee	Up to 5.5%
Bill Payment Time	10 Days
Card Freeze	Inactive for six months

Features And Benefits Of Uni Pay 1/3rd Card

Below, you may examine all the characteristics, deals, and advantages of this card.

• If you pay your UNI Credit Card bill in full, you will receive 1% cashback.
• Divide the UNI Card Bill into three equal payments over the course of three months, free of additional fees or interest.
• This credit card does not have a yearly or joining charge.
• It is a free credit card for life.
• In many stores, you can also scan an item and pay using the UNI Card app.
• Pay a third of your expenses, basics, fashion purchases, and groceries.
• Enjoy 1% cashback on all retail purchases.
• For UNI Cards, the lowest credit limit is INR 20,000, while the maximum credit limit is INR 6 lacs.
• You will soon be able to divide your payments into EMIs for 6, 9, 12, and 18+ months thanks to a new function.
• Another potential update would get you a three-month Zomato Pro subscription.
• Additionally, you can use this credit card at any retailer; roughly 99.9% of retailers accept credit and debit cards.
• Additionally, UNI Cards offer a money-back guarantee in the event that you are unknowingly charged an additional price.
• Additionally, these cards offer data security and encryption to prevent card misuse.

Uni Card Cashback/ Rewards

If you pay back the entire amount you spent in a particular month by the payment due date, you will receive 1% cash back. But these cashback benefits are not available to anyone who don’t pay their bills on time or pay only the minimum.

Interest/ Late Fee Charges

If you have a Uni card, unlike regular credit cards, and you miss a payment, you won’t be charged interest on the overdue amount on your card. You simply need to pay a late fee based on the amount that is owed on your card, according to the following slab:

Due Amount (in Rs.)	Late Fee Applicable (in Rs.)
1 – 250	0
251 – 1,000	25
1,001 – 2,500	100
2,501 – 5,000	250
5,001 – 10,000	500
10,001 – 20,000	1,000
20,001 – 30,000	1,500
30, 001 – 40,000	2,000
40,001 – 50,000	2,500
50,001 – 75,000	3,500
75,001 – 1,00,000	5,000
1,00,001 – 2,00,000	7,500
2,00,001 – 10,00,000	10,000

Uni Pay 1/3rd Card Credit Limit

The UNI Pay Card has a credit limit that starts at INR 20,000 and goes up to INR 6 lac. However, your credit score and income will be taken into account to determine the precise credit limit. If you are well-off and have a Cibil score of 750 or higher, then. A high credit limit and simple approval for the UNI card are guaranteed. After using the UNI Card for at least six months, you can also ask for a credit limit increase.

Eligibility Criteria For Uni Pay 1/3rd Card

• The applicant’s age must be at least 25 years old.
• The eligibility age for this card is 60 years old.
• You must reside in India if you wish to apply for this credit card.
• You also need to have a good credit score in order to apply for this card.
• The candidate must also have a reliable source of income.

Documents Required For Uni Pay 1/3rd Card

The following documents are needed to apply for the UNI Pay 1/3rd Credit Card:

• PAN cards, Aadhar cards, passports, or drivers licenses are examples of identity proof.
• Recent utility bills, an Aadhar card, or a passport are acceptable forms of address proof.
• You can also be required to provide income documentation, such as pay stubs or bank statements.

How To Apply For Uni Pay 1/3rd Card?

To apply for a Uni Card, follow these instructions:

• Visit the website at https://www.uni.cards/apply as the first step.
• Enter your name, contact information, and email address.
• Select ‘Submit’.
• You will be taken to a different page.
• Apply for the Uni Card by following the directions on the page.

Who Should Apply For Uni Pay 1/3rd Card?

A conventional credit card is not what UNI Card is. It is a Pay Later Card, as was already said, that enables you to obtain a loan against a monthly line of credit. The UNI Card has a lesser reward rate than the majority of introductory credit cards. Nevertheless, you might think about requesting a UNI Card if

You are not qualified to receive a standard credit card from a conventional bank. Since UNI Card eligibility is so flexible, there is a good chance that you qualify even if you don’t qualify for a regular credit card.
You need a BNPL (buy now, pay later) credit card that enables you to settle your balance over the course of the following three months in three equal installments.

Uni Pay 1/3rd Card Vs. Regular Credit Card

The following comparison chart compares the UNI Card to a standard credit card:

Payment	In three consecutive months, pay the entire bill or a third of it.	Complete payment or conversion to EMIs for some payments
Annual & joining fee	Nil	Typically, depending on the type of card, up to Rs. 1,000
Bill payment time	10 days	10 to 15 days
Minimum amount due	7.5% of the total balance due	5% of the total balance due
Rewards	1% cashback when paying in full	Depends on the type of card, 2% to 5%
Card freeze	After six months without use	Valid until the card’s expiration date.
Carry forward fees	Up to 5.5%	Interest is only applied on overdue amounts.
Late payment fee	According to bill amount slabs	Depending on the type of card
Late payment interest	Nil	As applicable

Uni Pay 1/3rd Card Vs Slice Super Card

Basis	Uni Pay 1/3rd Card	Slice Super Card
Main Feature	Divide your payments into three equal instalments that can be made over the course of the following three months without incurring any fees.	Divide your payments into three equal installments that can be paid over the course of the following three months without incurring any fees.
Reward Points/Cashback	If the cardholder pays off their entire balance for a particular month by the due date, they will receive 1% cashback.	Earn up to 2% cashback on all purchases (excluding EMIs).
Reward Redemption	NA	Redeem your points for cash back (up to a 2% reward conversion rate).
Welcome Benefit	a box with the Uni card, a chocolate bar, a mask and a custom luggage tag.	NA
Fuel Surcharge waiver	NA	2% of the fuel fee is waived on transactions less or equal to Rs. 4,000 (the maximum waiver is Rs. 200 per month)
Joining/Renewal Fee	NIL	NIL
Late Payment Fee	Begins at Rs. 25 for transactions between Rs. 251 and 1,000 and rises to Rs. 10,000 for transactions between Rs. 2,001 and 10,000.	Begins at Rs. 15 for transactions between Rs. 500 and Rs. 2,000 and rises to Rs. 150 for transactions over Rs. 25,000.
Interest charges	NIL	On the amount that is past due, interest charges apply.
Eligibility	The applicant must be at least 18 years old. The applicants must to have a reliable revenue source. No credit history is necessary.	The applicant must be at least 18 years old. The applicants must to have a reliable revenue source. No credit history is necessary.

Uni Pay 1/3rd Card Customer Care Number

• Call 080 68216821 for the toll-free customer service hotline.
• Call +91 22 7120 9091 if you’re not pleased with the response you received from Level 1. Additionally, you can email ppihelpdesk@rblbank.com.
• In the event that the response from level 2 does not answer your question, you can speak with the bank’s Nodal officer.

Conclusion

Pay 1/3rd cards are a brand-new class of financial products offered by local neo-fintech businesses. With these cards, purchasing pricey items is even more cheap than with credit cards because you may pay off your balance over the course of the following three months in three installments, which is akin to turning your purchase into interest-free EMIs. Even though there is no interest charged, you must pay a late fee according to the aforementioned slab if you miss any of the installments. Currently, you have the option to divide your costs into three monthly payments. However, very soon, Uni aims to give the choice to divide your card’s monthly costs into longer-term EMIs of up to 18 months.

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