Currently, the Indian's vision toward credit cards has changed, they no longer consider them as an escape instrument from debt traps but as a useful tool to manage daily transactions. This has paved the way for many banks and other institutions to ideate innovative variations in credit cards. 

Probably you would have got a bunch of phone calls, campaigns, or emails from bank representatives marketing new credit card variants with exclusive features. These cards are not only introduced by banks but also by Budding  FinTech providers. Well,  There's a kid who arrived on the block, that's none other than credit cards launched by fintech providers.

 In layman's terms, a  fintech company employs internet, cloud service & mobile devices, or software technology connected with financial services. These cards are not published by commercial banks. Generally, these cards come in virtual form and are not like normal credit cards. 

The fintech firms offer a virtual card with a particular credit line. After days, they will provide you with a physical card with the addresses mentioned on it. Moreover, fintech cards can be availed by anyone without a credit score but it doesn't mean that a person with a low Credit score can also acquire a credit card from fintech providers.  Some of the examples of fintech credit cards are Uni and slice credit cards. 

Let's Glance at the Pros of Fintech credit cards:

The following are the Advantages of using a Fintech credit card:

  • The Fintech providers will onboard digitally. They provide cards with minimum documentation in virtual form. KYC of fintech cards is often done online using digital mediums like DigiLocker, eKY, C, and video KYC.
  • You can get an instant virtual Fintech credit card which can be used on commerce platforms.
  • Fintechs provide an extensive range of rewards and programs such as subscriptions and discounts on food delivery, e-pharmacy, & edtech.
  • You can easily replace a virtual card if your card is lost or stolen. 
  • Also, fintech has been working on giving interactive transaction statements which are very simple to understand.
  • Fintech providers are finding a  way to put forward and track a dispute. Traditionally, dispute resolution was solved via  call centers or bank 

What are the features of Fintech Credit Cards?

Let's take a detailed look at the characteristics of both  Slice and Uni Fintech cards. 

Bill Payment:

Before getting into the features of fintech cards, let’s reconsider the concept of a regular credit card. You can use a credit card to purchase or pay a bill payment. You will get 45 days to settle the payment.

Uni card:

 But a  Uni card will allow you to repay in parts over three months, i.e, you can pay one-third of the amount that you swiped using a fintech card, while you can pay the remaining amount in two equal installments without paying any amount for late payment. 

Slice card:

In the case of a Slice card, you will get an option for six, nine, and twelve months.  The customers will get only 3 days to bill payments and they can't make a bill payment even before the due date.

Young generation card:

With a  Uni card, you can make your payment within 10 days. Recently slice card launched a new variant of credit cards with exclusive offers for young professionals with no traditional jobs. 

Exclusive offers:

Both slice & Uni arrive with an exclusive cashback. Uni card offers 1% cash back, whereas slice offers between 1-2 percent. Slice card provides you with additional discounts on some leading services such as Uber, Zomato, and Amazon. Fintech firms like GalaxyCard offer digital credit cards with a ticket size from Rs 1,000 to Rs 25,000. You can avail of the card within three minutes.

Drawbacks on these cards


The major drawback of using a fintech card is that most cards don't come with rewards, international payments, withdrawal, loyalty points, etc. While opting for this card, make sure to do due diligence before choosing them.

Credit score:

when you use Slice or Uni online/offline, the card is categorized as a consumer loan on your credit history. If you miss any payments, it will affect your credit score like a normal credit card. As these cards are like BNPL cards, you will see a loan account entry in your credit report. The loan account entry will not be raised from  Slice/Uni but from the financing partner with whom the fintech firm has collaborated. 

Not convenient as a physical card 

Another disadvantage is that most tech firms provide virtual cards that cannot be used at merchant swipe machines similar to a physical card. Furthermore, many fintech companies do not allow customers to withdraw cash from a virtual card. 

No linking with App

Both  Uni and Slice are not like regular credit cards, here you can’t add them to apps like Cred. It's nothing but a platform to pay your credit card bills payment on time.

How to avail of the fintech cards? 

To avail of these cards, you need to download the app and follow the given instructions by the lender. After a while, you get a  virtual card. It will be sent instantly. But a physical is given only after a few days.


Before opting for any biotech cards, you should carry out research and check whether that particular card caters to your potential user needs. Research its features and evaluate whether that card is best and most convenient for your financial behavior. Another big plus of fintech cards is it offers credit products to people without a no credit score. Many individuals without a credit history can opt for it as the application and another process is minimal. It's always better for you to evaluate the cards and pick the one that is right for your financial needs. 

FAQs of  How Are Cards Issued By Fintech Firms Different From Regular Credit Cards?

1:What are the best credit cards launched by Fintech providers in India?

The best fintech credit card in India is OneCard Credit Card, Slice Super rd, and Uni Pay ⅓ card. 

2:I don't have a credit history? Can I avail of a fintech card?

Yes, anyone without a credit history can avail of fintech credit cards. Fintech providers like Uni card & slice are ready to offer cards without a credit history. 

3:What are the major disadvantages of fintech credit cards?

Like a normal credit card, in case of missing payments, your credit score will be impacted, resulting in a low credit score. 

4:Is it possible to use a Fintech firm credit card to make international payments? 

No, most of the credit cards issued by the fintech firms can not allow you to make international payments. 

5:How long does it take to get a Uni credit card?

It takes around 4-5 minutes to avail of a Uni credit card.

6:Are there any charges for a uni credit card?

For a uni card, you don't need to pay a joining fee and annual fees to avail of the credit card.

7:How much do I pay as a joining fee to get a  Slice credit card?

There are no joining fees collected for a slice credit card.