Slice

Slice started as a BNPL app for young Indians. It's now a full Small Finance Bank, pushing UPI-linked credit and daily interest savings to students, first-time earners, and people in Tier 2 and 3 cities who couldn't easily get a credit card elsewhere.

The Super Card (Slice UPI Credit Card)

Slice's flagship is a RuPay credit card that works directly on UPI. Scan any merchant QR, pay from your credit limit, repay later - no plastic needed for most transactions. It's lifetime free with zero joining or annual fees, and many users get approved with minimal documentation, making it one of the more accessible credit products in India.

Savings Account and FDs

Slice offers a savings account paying up to the RBI repo rate (~5.25% in 2026), with interest credited daily and no minimum balance requirement. You get a virtual debit card for UPI payments. FD rates go up to 7.75%, which is competitive for a small finance bank. Many users park their day-to-day float here and earn interest while spending on the credit card.

Cashback: The "Monies" System

Slice rewards in Monies: spend ₹100 on UPI, earn 100 Monies. 100 Monies = ₹1. Cashback credits instantly.

The rate is tiered:

• 1% base rate on all UPI spends
• 2% once you accumulate 5 lakh Monies total
• 3% once you hold 5 lakh Monies plus ₹5 lakh in savings balance

The rate drops if you fall below a tier. In practice, most users see 1–1.5% effective cashback after exclusions and tier conditions. The 3% headline requires maintaining a large savings balance consistently.

Slice-in-3

Purchases above ₹2,000 can be split into three interest-free EMIs at any merchant. Straightforward and genuinely useful for medium-ticket spends.

Other Features

• Zero forex markup on international transactions
• Physical card available for ₹299 (virtual card is free)
• Slice Spark: instant cashback deals on select brands in-app

What Users Actually Like

The beginner-friendly angle is real. Students and young professionals with thin or zero CIBIL scores consistently call it their first proper credit-building tool. The UPI-first experience works smoothly on almost every merchant QR, the app feels modern, and daily interest is a nice bonus. Reddit threads consistently praise how well it handles small everyday spends, which is where most spending actually happens.

Zero fees make it low risk to try. Slice-in-3 adds genuine flexibility for larger purchases.

The Honest Downsides

Lower cashback in practice. The 3% headline requires 5 lakh Monies plus ₹5 lakh in savings - a high bar for most users. Effective cashback for most people is 1–1.5%.

Low starting limits. Initial daily limits are often ₹2,000–₹5,000. They increase with good repayment behaviour, but it takes time.

Eligibility isn't guaranteed. Even existing Slice savings account holders sometimes face credit card rejections. More accessible than traditional banks, but not universally approved.

Not for power spenders. Users with heavy monthly spends (₹50,000+) often migrate to Kiwi, POP UPI, or traditional bank cards that offer flat higher cashback without balance maintenance requirements.

Bottom Line

Best for: Students, first-time credit users, light-to-medium UPI spenders (under ₹50,000/month), and anyone who wants daily interest on savings while building a credit history.

Probably skip if: You already have a 700+ CIBIL score and want maximum flat cashback without conditions - Kiwi, POP UPI, or a standard bank credit card will serve you better.

Not the most exciting card in your wallet. For a lot of people, it's the most useful one.