The Uni Pay 1/3rd Card is an innovative credit card alternative designed to simplify payments by allowing users to split their monthly expenses into three equal installments without any interest. This “Buy Now, Pay Later” (BNPL) product is ideal for individuals who prefer to manage their finances with more flexibility. The card offers the convenience of paying just a third of your bill each month, with the option to pay the full amount upfront for a 1% reward. The Uni Pay 1/3rd Card is especially popular among young professionals and students who are looking to build their credit profile while maintaining control over their cash flow.
Overview
| Feature | Details |
|---|---|
| Card Type | BNPL (Buy Now, Pay Later) |
| Payment Structure | Pay in 3 equal installments with no interest |
| Reward Rate | 1% cashback on full payment of the bill |
| Joining Fee | Nil |
| Unique Selling Points | Split payments into 3 parts: no interest, 1% reward on full payment |
| Rating | ★★★★☆ (4.4/5) |
Uni Pay 1/3rd Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Interest Charges | 0% interest when paying in 3 installments |
| Late Payment Fee | ₹100 per day after the due date |
| Cash Advance Fee | Not applicable |
| Foreign Transaction Fee | Currently, it is not available for international transactions |
Uni Pay 1/3rd Card Benefits
Flexible Payment Structure
- Pay 1/3rd monthly: Split your total monthly bill into three equal installments with no interest, making it easier to manage larger expenses.
- No Interest Charges: Enjoy a 0% interest rate when you choose to pay your bill in three equal parts, offering significant savings compared to traditional credit cards.
Rewards Program
- 1% Cashback: If you choose to pay the full bill amount upfront instead of splitting it into three parts, you’ll earn 1% cashback, which is credited to your account as a reward.
No Hidden Fees
- No Joining or Annual Fees: The UniPay 1/3rd Card has no joining or annual fees, making it a cost-effective option for users.
- Transparent Charges: All fees and charges are clearly communicated, ensuring there are no surprises when it comes to costs.
User-Friendly App
- Manage Everything on the App: The Uni app allows you to track your spending, view your statements, and manage your payments seamlessly.
- Real-Time Notifications: Get real-time updates on your transactions, bill payments, and upcoming due dates, helping you stay on top of your finances.
Credit Limit
- Instant Credit Limit: Upon approval, you are granted an instant credit limit based on your credit profile, which can be increased over time with responsible usage.
Credit Score Improvement
- Build your credit profile: Regular and timely payments with the Uni Pay 1/3rd Card help build and improve your credit score, making you eligible for better financial products in the future.
- Free credit Score checks: Access your credit score through the Uni app and receive tips on how to improve it.
Rewards
| Payment Option | Rewards |
|---|---|
| Full Bill Payment | 1% cashback on the total amount |
| Split Payment (1/3rd) | No rewards, but 0% interest on the remaining two installments |
Redemption
- Cashback Redemption: Cashback earned is automatically credited to your Uni account and can be used for future payments.
Uni Pay 1/3rd Card Usage
- Online and Offline Shopping: Use your Uni Pay 1/3rd Card at any merchant that accepts Visa cards, including online and offline stores.
- Monthly Expenses: Manage your monthly expenses, such as groceries, utilities, and dining, by splitting payments into three parts without any interest.
Airport Lounge Access
The Uni Pay 1/3rd Card does not currently offer airport lounge access, as it is primarily focused on providing flexible payment options and cashback rewards.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | Currently, it is not available for international transactions |
Eligibility
- Age: 18 years and older.
- Income: There is no specific income requirement, but your credit limit is based on your credit profile.
- Employment: Available to both students and working professionals.
How to Apply?
Online Application
- Download the Uni app from the Google Play Store or Apple App Store.
- Register with your mobile number and complete the KYC process.
- Once verified, you’ll be assigned a credit limit based on your credit profile.
- Start using your Uni Pay 1/3rd Card for purchases and manage your payments through the app.
Uni Pay 1/3rd Card Review
Editor’s Rating
Summary
The Uni Pay 1/3rd Card offers a unique payment structure that stands out from traditional credit cards. By allowing users to split their monthly bill into three equal parts with no interest, this card makes it easier to manage expenses without incurring high finance charges. The option to pay the full bill upfront for a 1% cashback reward is an added bonus. With no joining or annual fees and a user-friendly app, the Uni Pay 1/3rd Card is particularly attractive to young professionals and students who want more control over their finances. While it lacks premium features like airport lounge access and international usage, it excels in providing everyday financial flexibility and rewards.
Pros and Cons
| Pros | Cons |
|---|---|
| 0% interest when paying in three installments | No international transaction support |
| 1% cashback on full bill payment | Limited premium features like airport lounge access |
| No joining or annual fees, making it a cost-effective option | Limited to domestic use and rewards |
| User-friendly app with real-time tracking and management | No traditional credit card benefits like insurance coverage |
Similar Cards to Uni Pay 1/3rd Card
| Feature | Uni Pay 1/3rd Card | Slice Super Card | LazyPay Credit Line |
|---|---|---|---|
| Annual Fee | Nil | Nil | Nil |
| Reward Rate | 1% cashback on full bill payment | Up to 2% cashback on every transaction | 1% to 5% cashback on selected merchants |
| EMI Options | 0% interest for 3 installments | Flexible EMI options | Instant EMIs at selected merchants |
| Eligibility | Available to students and working professionals | Available to students and working professionals | Available to working professionals |
| Foreign Transaction Fee | Not available | Not available | Not available |
Comparison
Slice Super Card vs Uni Pay 1/3rd Card
The Slice Super Card is another popular BNPL product offering up to 2% cashback on every transaction and flexible EMI options. While the Uni Pay 1/3rd Card focuses on splitting payments into three parts with no interest, the Slice Super Card provides instant rewards and cashback on all transactions. The choice between the two depends on whether you prefer the flexibility of splitting payments or earning cashback on every spend.
LazyPay Credit Line vs Uni Pay 1/3rd Card
The LazyPay Credit Line offers instant EMIs at selected merchants and cashback on purchases. It is suitable for users who frequently shop at partnered merchants and want to convert their purchases into easy installments. However, the Uni Pay 1/3rd Card offers a more straightforward approach to managing payments by splitting all transactions into three parts, making it a more versatile option.
FAQ
What is the annual fee for the Uni Pay 1/3rd Card?
The Uni Pay 1/3rd Card has no annual fee, making it a cost-effective option for users.
How do I manage my Uni Pay 1/3rd Card account?
You can manage your Uni Pay 1/3rd Card account entirely through the Uni app, which offers features like real-time tracking, spending insights, and easy payments.
How do I earn cashback with the UniPay 1/3rd Card?
You can earn 1% cashback by choosing to pay the full bill amount upfront instead of splitting it into three installments.
Does the Uni Pay 1/3rd Card support international transactions?
No, the Uni Pay 1/3rd Card currently does not support international transactions and is only available for domestic use.
How does the 1/3rd payment option work?
With the Uni Pay 1/3rd Card, you can split your total monthly bill into three equal parts with no interest, paying only one-third of the amount each month. For more details you can visit official website
