Uni Pay 1/3rd card – should you get it?

Uni 1/3 Card

The idea of spending today and paying later is fascinating, and hence credit cards are so popular these days. With a regular credit card, you have to pay the due amount in 15 days (in most cases) from the statement generation date, or you will have to pay interest on the unpaid amount. 

What if we told you, you can carry forward a part of your total due amount to the subsequent months at no interest. Interesting, right?

Uni Pay is giving you that option. We will discuss the Uni Pay 1/3rd card in this article. 

Uni Cards have recently raised $18.5 million in funding. They are offering customers credit through their Uni Pay 1/3rd card.

What is a Uni Pay 1/3rd card?

Uni Cards is a new-age fintech company that is on a mission to reimagine and deliver an unmatched credit experience to customers. The company has launched its new product with the name – Uni Pay 1/3rd card. Technically, it is not a credit card, even though it looks like one. You can think of it as a Pay Later card.

With a Uni Pay 1/3rd card, you have the option of dividing your transaction into one-third and paying the transaction amount in three months. For example, you make a purchase of Rs 45,000, and the bill gets generated for the same. You can pay Rs 15,000 a month for the next three months. The best part is that there is no interest or additional fee if you choose this payment option.

The card has two layers, and it uses:

  • SBM/RBL bank’s prepaid card – It gives you access to Visa.
  • NBFC partner – The NBFC is LiquiLoans, and it gives access to the credit line.

You can think of it as a domestic prepaid card as you cannot use it for international transactions or ATM cash withdrawals.

How Can One Apply for the Card?

You can download the Uni Card app from the PlayStore or iOS app store and apply for the card. The process is super easy, and you can complete the application in about 5 minutes.

For the authentication, they will ask for your Aadhar details, and you will have to verify your identity by verifying the OTP. You will also have to take a selfie for photo proof.

The app uses CRIF to check your eligibility and decide your credit limit. Once the application is complete, you will get your virtual card immediately, and you can start using it. The physical card gets delivered to your address in 3 to 5 working days via their delivery partner – Delhivery. One good feature is that you can get the card to a different address – if your Aadhar address is different from your residing address, there is no issue.

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All You Need To Know About Credit Card Limit

At present, the company is delivering cards to 40 odd cities in India.

Fees, Charges, and Credit Limit

You can get this card without much thought as there is no joining fee. Also, there is no renewal or annual charge. Even if you keep the card with you and do not use it for a year, there is no charge in the second year, unlike traditional credit cards.

Another difference with traditional credit cards is that for late payment, the interest is not calculated daily. There are only late fees. You can also opt for the 6, 9, 12, 18 months EMI options at an affordable EMI plan.

The company is giving a decent credit limit for an entry-level card. You can expect to get the credit limit somewhere between Rs 20,000 and Rs 6,00,000. However, if you are not happy with the limit, you can raise a credit limit enhancement request after six months of card issuance.

What are the benefits of using a Uni Pay 1/3rd card?

Let us start with what you get in the Uni Box when your card arrives. Along with your Uni card, you also get – 

  • A Toblerone chocolate, yes a chocolate
  • An excellent quality mask
  • and a personalized baggage tag


Let us now talk about the rewards. As mentioned above, you can make a payment in three parts. However, if you decide to pay the amount in full, you get 1% cashback in your account. As soon as the amount is paid in full, you will see a 1% cashback amount reflected in your unbilled statement.

Should I get a Uni Pay 1/3rd card?

As an entry-level card, Uni Pay is one card you can consider having in your wallet (or mobile). The customer support provided by the company is excellent. All your queries get resolved in a short time. You don’t have to wait days to get resolutions as they even support you via Whatsapp.

If you are looking for a free card and plan to use it occasionally, you can go with this card. The only thing the card is missing is the reward points. With a traditional credit card, for all your spending, you earn reward points. At present, the company does not have any reward points. However, as per the company’s website, they are working on introducing a reward system in the future. If the new reward system is able to match the reward system of other credit card companies, it will make the Uni Pay 1/3rd Card even more attractive.

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