The verdict
A no-annual-fee RuPay credit card from slice small finance bank with in-app controls and a balance-tiered monies rewards program. Check eligible transaction categories and the current redemption tier before estimating rewards.
The current MITC credits 1 monies per ₹1 of eligible spend. Cash redemption is balance-tiered at 1%, 1.5% or 2%; a 3% tier requires both a ₹5 lakh average quarterly slice savings balance and at least ₹5 lakh monies. Excluded categories and redemption balance affect realized value, so a fixed monthly cashback estimate would be misleading.
Cardholders seeking premium perks like airport lounge access or international airline miles will prefer cards like Scapia or HDFC Regalia Gold.
✓What works
- +₹0 joining and annual fee under the current MITC; a renewal fee may apply after card expiry.
- +Cash redemption at 1%, 1.5% or 2% by monies balance; conditional 3% tier.
- +Seamless RuPay UPI QR Scan & Pay integration across Google Pay, PhonePe, and slice app.
- +Monies can be redeemed for cash credited to a slice savings account; the rate depends on the monies balance.
- +Intuitive mobile app with flexible bill management and repayment splitting.
- +Directly issued by RBI-licensed slice small finance bank ltd.
✕What doesn't
- −Requires slice mobile app setup.
- −No complimentary airport lounge access included.
- −Rewards exclude EMIs, wallet loads, fuel, insurance, rent, education, taxes, government services, international transactions and specified MCCs.
What it earns
The MITC accrues 1 monies per ₹1 spent on eligible card transactions; cash redemption rates vary by monies balance.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| All Domestic Online & Offline Spends | 1%–2% by monies balance; conditional 3% tier | Uncapped | Varies by redemption tier and eligible spend |
| RuPay UPI Merchant Payments | 1%–2% by monies balance; conditional 3% tier | Uncapped | Varies by redemption tier and eligible spend |
| Fuel Purchases | 0% | Excluded | 0 Points |
Accelerated earn
This card does not offer merchant portal or accelerated multiplier rates.
Redemption options
Monies can be redeemed for cash credited to a slice savings account; the applicable rate depends on the monies balance.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Cash Credit to slice Savings AccountBEST VALUE | Cash credit to slice savings account at balance-tiered rates | As per current MITC | None | Nil |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +Eligible card transactions and merchant UPI payments, subject to current MITC exclusions.
- +Cash redemption for monies credited to a slice savings account, subject to the balance-based rate slabs.
✕Excluded Spends & Fee Traps
- −P2P UPI money transfers.
- −ATM cash withdrawals.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹0 under current MITC; renewal fee may apply after expiry |
| Annual Renewal Fee | ₹0 under current MITC; renewal fee may apply after expiry |
| Finance Charges (Interest Rate) | 3.5% per month (42% per annum) |
| Bank Transfer Fee | 2.5% of transfer amount (Minimum ₹25) |
| Foreign Currency Markup | ₹0 bank markup (network conversion rates may apply) |
| Late Payment Charges | ₹0–₹1,300, based on amount due |
| Card Replacement Fee | ₹0 |
| Fuel Service Charge | 2% per transaction (minimum ₹10) after cumulative fuel spends exceed ₹25,000 in a statement cycle |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age Requirement | 18 to 60 years |
| Minimum Monthly Income | ₹20,000+ per month (Salaried) or ₹3L+ ITR (Self-Employed) |
| Credit Score (CIBIL) | 700+ recommended for smooth approval |
Frequently Asked Questions
What is the value of slice monies in rupees?
How much are 10,000 slice monies worth?
What are the key terms in slice credit card's MITC (Most Important Terms & Conditions)?
What is the interest rate (APR) charged on revolving slice credit card balance?
Is the slice credit card truly Lifetime Free (LTF)?
Can I link the slice credit card to Google Pay or PhonePe for UPI QR payments?
Editorial Deep-Dive Analysis
Comprehensive Overview: slice Credit Card
The slice credit card is a digital RuPay credit card issued directly by slice small finance bank ltd. Operating on a transparent, digital-first framework, the card carries ₹0 joining fee and ₹0 annual membership fees under its current Most Important Terms & Conditions (MITC), while reserving the bank right to introduce a renewal fee upon card expiry. Built for everyday retail transactions and merchant payments, the card earns 1 monies for every ₹1 of eligible spending, with tiered cash redemption credited directly to a linked slice savings account.
Key Privileges and Practical Everyday Benefits
- ₹0 Annual Fee Structure: Enjoy ₹0 joining fee and ₹0 annual renewal fee under the active MITC, providing a zero-cost entry to organized credit.
- RuPay UPI Merchant Payments: Link your card to Google Pay, PhonePe, Paytm, or the slice application for seamless QR scan-and-pay transactions at retail merchants across India.
- Balance-Tiered Monies Cash Redemption: Every eligible ₹1 spent earns 1 monies. Accumulated monies can be converted into direct cash deposited into a slice savings account according to tiered redemption slabs:
| Monies balance at redemption | Cash redemption rate | Implied value of 1 monies |
|---|---|---|
| Up to 300,000 | 1% | ₹0.01 |
| 300,001–500,000 | 1.5% | ₹0.015 |
| Above 500,000 | 2% | ₹0.02 |
| Above 500,000, with qualifying savings balance | 3% | ₹0.03 |
Unlocking the 3% slab requires an average quarterly balance of at least ₹5 lakh in your slice savings account calculated across the preceding 90 days, alongside at least 500,000 monies. At the 1% tier, for a spend of ₹10,000, you earn 10,000 monies worth 10,000 × ₹0.01 = ₹100 in direct cash credit.
Important Terms and Spend Conditions to Keep in Mind
- Schedule of Charges & MITC: Review the official schedule of charges applicable under the slice credit card MITC:
| Fee / Charge Component | MITC Specification | Condition / Advisory Trigger |
|---|---|---|
| Joining & Annual Membership Fee | ₹0 under current MITC | No spend-linked waiver hurdle; renewal fee may apply upon expiry. |
| Finance Charges (APR) | 3.5% per month (42% p.a.) | Applies from transaction date if total statement balance is unpaid. |
| Interest-Free Period | 14 to 46 days | Depends on billing cycle; requires full payment of previous dues. |
| Bank Transfer Fee | 2.5% (Minimum ₹25) | Applies to transfers from credit limit to external bank accounts. |
| Foreign Currency / DCC Markup | ₹0 bank markup | Network conversion rates may still apply on international charges. |
| Late Payment Fee | ₹0 to ₹1,300 (Tiered) | Tiered by balance; reaches ₹1,300 on balances exceeding ₹50,000. |
| Card Replacement Fee | ₹0 | Listed as zero in the active MITC schedule. |
- Excluded Spend Categories: Spends on fuel, rent, insurance, education, wallet loads, taxes, government services, international transactions, and cash advances earn 0% monies.
- Lounge Privileges: The card offers 0 complimentary domestic or international airport lounge visits.
Who Benefits Most
The slice credit card is best suited for college students, young professionals, and digital natives seeking a transparent ₹0 annual fee RuPay card with seamless UPI QR payments and tiered cash rewards between 1% and 2% (up to 3% with savings balance). Cardholders should ensure their frequent spend categories are eligible for rewards and avoid revolving balances to escape the 42% APR interest rate.
- https://slice.bank.in/cc-mitc
- slice small finance bank ltd. — slice credit card official schedule of charges and MITC
- slice small finance bank ltd. — current slice credit card MITC, monies accrual and redemption terms
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).