Slice Super Card or Uni 1/3rd Card – Who will give me these 7 features?

 Slice Super Card or Uni 1/3^rd Card – Who will give me these 7 features?

Basic Assumption: Both Slice Super Card and UNI card are prepaid cards with a credit limit.

Technically they are not Cred Cards, but function as credit cards.

I am looking forward to the below 7 features, to enhance my user experience.

NF1) Let us the user decide if he/she want a lower limit than the arrived limit

DE1) Say, the underwriting team of “SLICE SUPER CARD” / Uni decides to grant me a limit of RS5,55,555/-. I am not comfortable with such a high limit and would like to start off with a limit of Rs1,11,111/- only. The modification option should be directly available in the App itself. This way I will not be tempted to overspend and fall in a debt trap.

Of course, this may be a bad business decision for “SLICE SUPER CARD” / Uni, but is customer friendly.

NF2) Increase the repayment channels. Please engage with CRED and let users pay their billed amounts via CRED. Repayment directly from the APP itself - UPI or NEFT or IMPS

DE2) The repayment to the “SLICE SUPER CARD” / UNI prepaid cards are a major pain point. As the Card BIN is of Prepaid card, many payment channels do not support the same. As the user base increases, the complaints will amplify across social media.

“SLICE SUPER CARD” repayment period is 3 days from the billing date. Hence, it becomes much more important for a seamless repayment experience.

Hopefully, this will be sorted out soon.

 

NF3) Copy of Report shared to Credit Bureaus

DE3) As these are prepaid cards, not sure as to what will be reported to Credit Bureaus i.e sanctioned loan amount or Overdue amount (how will overdue amount be calculated) or the billed amount. Hence, for transparency it will be great if “SLICE SUPER CARD” / UNI share the credit reporting of the card holder as and when submitted.   

 

NF4) Add on Cards by carving limits

DE4) I have a sanctioned limit of 6 digits, I would like to carve 4 digits out of the same, and stand guarantee to my 18years + ward. This way my ward will learn the joy of digital transactions. “SLICE SUPER CARD” / UNI can have a new business stream. Also, my ward will be able to build a decent credit score.

 

NF5) BBPS option directly on the APP

DE5) Bill Payment is a major recurring activity in individual’s life. It will be helpful if the BBPS payment is directly integrated into the APP.  This will encourage “SLICE SUPER CARD” / UNI card holders to pay their BBPS Bills via their “SLICE SUPER CARD” / UNI cards only, instead of doing transactions from other APPS

 

NF6) Carryover instalments with the minimum interest charges

DE6) Transaction Date 25/06/2021 INR12,000/- , card holder chooses 1/3^rd as per the below billing dates

Billing Date A) 01/07/2021 – Instalment 1 of INR4,000/-

Billing Date B) 06/08/2021 - Instalment 2 of INR4,000/-

Billing Date C) 11/09/2021 - Instalment 3 of INR4,000/-

Say, card holder wants to postpone Instalment 2 of INR4,000/-

There should be an option to rollover the same, with the additional cost informed upfront.

Of course, all card holders may not be eligible for the rollover option.

 

 

NF7) Option to split last transactions made on 1 prior billing cycle – EXPLAIN IN DETIAL, Restore the limit, reversal of 1% cashback

DE7) EG: Billing Date A) 01/07/2021,

Billing Date B) 06/08/2021

Billing Date C) 11/09/2021

Card Holder makes a transaction of INR10,000/- on 10/07/2021 and prefers to pay in full, instead of the 1/3^rd option.

He / She may be given the option to convert the INR10,000/- transaction into a 1/3^rd transaction up to 11/09/2021 billing date

 

If you want any new feature, please write to    or,

            If the same is feasible, “SLICE SUPER CARD” or UNI Management team may make it live.            

            Unless, you try, you cannot predict the outcome.

            So, go ahead,

UNI Contact Details: mobileadmin@uni.club, 080 – 68216821

“SLICE SUPER CARD” Contact Details: +91-8047096430, help@sliceit.com

 

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments - Nothing more, Nothing Less

 

RuPay Debit Card - India’s Own Card launched.

On 26/03/2012, India's own Card. 'Rupay', was launched.

The top 5 features of the launch are : -

1. Rupay payment network was inaugurated by Shri G. Padmanabhan, Executive Director, Reserve Bank of India.
2. Rupay Debit Card launched
3. Rupay Prepaid Card launched
4. Rupay Credit Card to be launched soon.
5. Rupay Debit Card to be accepted at 91,000+ ATM's and 6,00,000+ POS terminals all Pan-India.
6. Bank of India and Union Bank of India, are the first Banks' to offer Rupay Debit Cards to their account holders.
7. POS terminals of Axis Bank, Bank of Baroda, Corporation Bank and State Bank of India, will accept Rupay Debit \ Pre-paid Cards in the initial phase.
8. No initial participation fee and quarterly minimum processing fees. This would encourage Regional Rural Banks, Co-operative Banks and smaller commercial banks to offer ePayments to their account holders.

At present 26.80 crs debit cards have been issued by Indian Banks and in the near future, this number will go up, with more account holders opting for ePayments.

Now, with 'Rupay' in the field, the transaction costs for Banks are expected to go down substantially, Banks will be able to encourage ePayments.