The LazyPay Credit Card is a digital-first credit card offering from LazyPay, a leading buy now, pay later (BNPL) platform in India. This card is designed for users who prefer a hassle-free and flexible credit experience, with a focus on everyday spending. Known for its seamless integration with the LazyPay app, the LazyPay Credit Card offers a range of benefits, including cashback, easy bill payments, and instant approval. It is particularly attractive to young professionals and digital-savvy users who value convenience, simplicity, and transparency in their financial products.
Overview
| Feature | Details |
|---|---|
| Card Type | Digital Credit Card (Visa or Mastercard) |
| Reward Rate | Up to 5% cashback on select categories |
| Reward Value | Cashback credited directly to your LazyPay account |
| Joining Fee | Nil |
| Unique Selling Points | Integrated with LazyPay app, instant credit, flexible repayments |
| Rating | ★★★★☆ (4.4/5) |
LazyPay Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 3.5% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | Not available |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
LazyPay Credit Card Benefits
Digital-First Experience
- App-Based Management: The LazyPay Credit Card is managed entirely through the LazyPay app, allowing you to track spending, make payments, and manage your card with ease.
- Instant Credit Approval: Upon application, eligible users receive instant credit approval, with a virtual card ready for immediate use.
Cashback on Everyday Spending
- Up to 5% Cashback: Earn up to 5% cashback on select categories such as dining, groceries, and online shopping.
- No Cap on Cashback: There is no upper limit on the cashback you can earn, making it an ideal choice for frequent spenders.
Flexible Repayment Options
- BNPL Integration: The LazyPay Credit Card integrates seamlessly with LazyPay’s BNPL platform, allowing you to split your purchases into easy installments with flexible repayment options.
No Hidden Fees
- No Joining or Annual Fees: The LazyPay Credit Card comes with no joining or annual fees, ensuring you enjoy all the benefits without any hidden costs.
- Transparent Charges: All fees and charges are clearly communicated within the app, promoting transparency and helping you avoid unexpected expenses.
Security Features
- Instant Card Lock: If you lose your card or detect suspicious activity, you can instantly lock your card through the app to prevent unauthorized transactions.
- Virtual Card Option: Use a virtual version of your LazyPay Credit Card for online transactions, adding an extra layer of security.
Rewards
| Spending Category | Rewards |
|---|---|
| Dining | Up to 5% cashback |
| Groceries | Up to 5% cashback |
| Online Shopping | Up to 5% cashback |
| Other Purchases | Up to 2% cashback |
Redemption
- Direct Cashback: Cashback earned is automatically credited to your LazyPay account, where it can be used to pay future bills or be withdrawn to your bank account.
LazyPay Credit Card Usage
- Online and Offline Shopping: Use the LazyPay Credit Card at any merchant that accepts Visa or Mastercard, both online and offline.
- Bill Payments: Pay utility bills, mobile recharges, and other regular expenses using the LazyPay Credit Card and earn cashback on every transaction.
Airport Lounge Access
The LazyPay Credit Card does not currently offer complimentary airport lounge access, as it is primarily focused on providing cashback rewards and a seamless digital experience.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Age: 18 years and above.
- Income: Minimum annual income requirement of ₹3 lakh.
- Employment: Available to salaried and self-employed individuals.
How to Apply?
Online Application
- Download the LazyPay app from the Google Play Store or Apple App Store.
- Complete the KYC process within the app.
- If eligible, you’ll receive instant approval and a virtual card for immediate use.
- The physical card will be delivered to your address.
LazyPay Credit Card Review
Editor’s Rating
- Benefits: 4.5/5
- Fees: 5/5
- Customer Service: 4.3/5
Summary
The LazyPay Credit Card is an excellent choice for individuals who prefer a flexible, digital-first credit experience. With up to 5% cashback on select categories, no joining or annual fees, and seamless integration with the LazyPay BNPL platform, this card offers significant value for money. The app-based management and instant credit approval make it particularly attractive to young professionals and tech-savvy users who want simplicity and convenience in their financial products. While it lacks premium features like airport lounge access, the LazyPay Credit Card excels in providing everyday financial rewards and a hassle-free experience, making it an ideal choice for those who prioritize ease of use and transparency.
Pros and Cons
| Pros | Cons |
|---|---|
| No joining or annual fees | No airport lounge access or premium travel benefits |
| Up to 5% cashback on select categories | Foreign transaction fee of 3.5% + GST |
| Fully app-based management with instant notifications | No traditional credit card benefits like insurance coverage |
| Seamless integration with LazyPay BNPL platform | Limited premium features compared to high-end credit cards |
Similar Cards to LazyPay Credit Card
| Feature | LazyPay Credit Card | Slice Super Card | UNI Pay 1/3rd Card |
|---|---|---|---|
| Annual Fee | Nil | Nil | Nil |
| Reward Rate | Up to 5% cashback on select categories | Up to 2% cashback on every transaction | 1% cashback on full payment of the bill |
| Eligibility | Available to individuals with a minimum income of ₹3 lakh | Available to students and working professionals | Available to students and working professionals |
| Foreign Transaction Fee | 3.5% + GST | Not available | Not available |
Slice Super Card vs LazyPay Credit Card
The Slice Super Card offers up to 2% cashback on every transaction and flexible EMI options, making it attractive for those who prefer instant rewards. While the LazyPay Credit Card offers higher cashback on select categories, the Slice Super Card provides a more straightforward reward structure across all spending categories. The choice between the two depends on your spending habits and whether you prefer higher category-specific cashback or consistent cashback on all transactions.
UNI Pay 1/3rd Card vs LazyPay Credit Card
The UNI Pay 1/3rd Card is ideal for users who want to split their bill payments into three equal parts with no interest. While it doesn’t offer a traditional rewards program like the LazyPay Credit Card, it provides a different kind of financial flexibility. If you prefer cashback rewards and the convenience of direct cashback to your account, the LazyPay Credit Card is more suitable.
FAQ
What is the annual fee for the LazyPay Credit Card?
The LazyPay Credit Card has no annual fee, making it a cost-effective option for users.
How do I earn cashback with the LazyPay Credit Card?
You can earn up to 5% cashback on select categories such as dining, groceries, and online shopping, with the cashback credited directly to your LazyPay account.
Does the LazyPay Credit Card support international transactions?
Yes, the card supports international transactions with a foreign transaction fee of 3.5% + GST.
How do I manage my LazyPay Credit Card account?
You can manage your card entirely through the LazyPay app, which offers real-time tracking, spending insights, and budgeting tools.
Are there any hidden fees with the LazyPay Credit Card?
No, the LazyPay Credit Card has no hidden fees, and all charges are transparently communicated through the app. For more details you can visit official website.
