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The UNI Pay 1/3rd card was launched by Uniorbit Technologies (UNI), in partnership with the RBL Bank, State Bank of Mauritius (SBM), and Liquiloans. It is not like a traditional credit card where your interest starts accumulating from the first billing cycle’s payment date. With this card, you can spend anywhere and pay 1/3rd of your bill on groceries & essentials, emergency & bills, fashion sale, or even on party. Pay your monthly spend in 3 parts in 3 months without any extra charges.
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Here are the eligibility criteria for UNI Card:
Here is the comparison table between UNI Card and regular credit card:
|Payment||Full or 1/3rd of the bill in 3 consecutive months||Full or conversion into EMIs for select payments|
|Annual & joining fee||Nil||Usually up to Rs. 1,000, depending on the card type|
|Bill payment time||10 days||10 to 15 days|
|Minimum amount due||7.5% of total outstanding bill||5% of total outstanding bill|
|Rewards||1% cashback on full payment||2% to 5%, depending on the card type|
|Card freeze||After 6 months of non-usage||Valid till expiry date of the card|
|Carry forward fees||Up to 5.5%||Interest is charged only on unpaid amount|
|Late payment fee||As per slabs of bill amount||Depends on the card type|
|Late payment interest||Nil||As applicable|
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With this card, you can spend anywhere and pay 1/3rd of your bill in 3 parts in 3 months without any extra charges.
No, you cannot withdraw cash from any ATM using a UNI card.
UNI Card issues a credit limit between Rs. 20,000 to Rs. 6 Lakhs.