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Tuesday 17 May 2022





Uni Cards that uplifted $18.5 million in funding has recently come up with their Uni Pay 1/3rd card as their first offering in an attempt to encounter the user experience in credit card industry. Following there is additional information of Uni Pay 1/3rd card


What’s Uni Pay 1/3rd Card?

Uni Pay 1/3rd card is technologically NOT a credit card even though it works mainly like a typical credit card on the exterior. Fundamentally its  a PayLater card (or) Pay 1/3rd card it means you can spend 30,000 INR this month and pay 10,000 INR a month for next 3 months without any interest/charge.

 The tech layer is quite fascinating as it uses:

 RBL/SBM bank’s Prepaid card set-up on the surface that gives access to Visa

NBFC partner (LiquiLoans) that gives approach to the credit line.

 So preferably its a domestic prepaid card but you cannot use it for international transactions or cash withdrawals and may also have issues in loading wallets, as RBI rules prevent that to happen, which however is awaited to be cleared in few months.



Joining Fee


Renewal/Annual Fee


Interest on amount

Late fees only, as per the slab


1% Cashback to card (if whole payment is done)

The system rives “each payment” into 3 parts by default, but you can choose to pay for full and enjoy 1% cashback.


The cashback system is simplistic as you can choose the process you want to pay in full in less steps and it quickly adjusts the cashback to unbilled stmt, just like below.

It’s definitely a beneficial experience, however 1% is actually bit low even for entry-level cards as we’ve cards operating that gives 2% cashback these days.


Company stated that they’re working on a system that let you earn Uni Coins along store and you get five times rewards (maybe like HDFC purchase).



Uni Card comes with a fresh and immaculate design with name on the front and card details at the back which nowadays modern premium cards been issued.

The card comes in a mild grey/silver colour that looks up to the mark.



One of the most important detail of an entry-level card is the credit limit, as most card issuers give a proportionally low limit especially when its the first card with the bank.

Although Uni states that they can issue cards with credit limits range from 20,000 INR to 6 Lakhs which sounds optimistic. Which is good for an entry-level card and most of them have limit in between.

Credit Limit Increment request can be applied after 6 months of card issuance.


How Uni Cards 1/3rd are different from other Credit Cards?


Suppose you have a periodic credit card and you have to pay the bill of that card INR 60000.  If you pay the surplus amount of money and due of INR 10000 so the rest is carried forward to next month which is INR 50000. Now you have to pay interest on INR 50000 and also it will be chargeable from the next date of the billing cycle date.


Now you have a UNI Card and you have the same pending bill of INR 60000. You can pay the bill of INR 60000 in three equal instalments of INR 20000/month. In this you don’t have to pay extra charges on the instalments.


Commonly, you will get an interest-free period of up to 50 days on regular credit cards. But you will get benefit of an interest-free period of 90 days on the UNI Cards. This is the prime difference between UNI Credit Card and other credit cards.


Apply for Uni Credit Card

You can easily register for the UNI Card through the UNICARD application. This application is available on IOS Store and Play store where you can download it and simply apply for this credit card. To verify the application and you  have o click selfie and an submit Aadhar card. You must check the eligibility and complete the KYC. After the authentication you will receive your UNI Card at your address in 5-7 working days.




Overall the Uni Pay 1/3rd card comes with a good enrollment experience, premium welcome kit, good credit limit, great rewards and a great support system. However, if you’re into premium cards and just peeping for “rewards” then this may not look charming to you. Uni Pay 1/3rd Card is certainly unique and overall gives a very good experience for someone who’s totally  new to the world of credit cards.


That’s it , I would be highly interested in seeing a premium credit card from Uni Card the design I like.

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