Onecard vs Slice – Which One Is Leading The Lending Space?

Onecard vs Slice

In this fintech arena, two credit card contenders OneCard Vs Slice, have emerged as formidable players in the lending sector. These two players have taken the center stage, with their showdown of financial offerings.

Onecard vs Slice

It’s a clash of innovative approaches, each vying for dominance in the lending space.  The question that comes up is which one is better among the two? Which one is offering more benefits, rewards, competitive interest, and whatnot. The decision of choosing between these two fintech powerhouses can be a tough call, as each of them offers a different set of benefits and facilities. 

Let’s get into the layers to unveil which one is better among the two: OneCard vs Slice!

OneCard Vs Slice: Company Overview

Let’s delve into the company details of OneCard vs Slice card. 

Founded 20192016
Parent company FPL Technologies Garagepreneus Internet Pvt. Ltd. 
Origin India India 
Headquarter Pune, Maharashtra, India Bengaluru, Karnataka, India 
Type Fintech company Digital lending platform & fintech company 
Credit card limit Not fixed – depends on income
and cibil score 
Upto Rs.10 lakhs 
Lending partners includesSBM Bank, 
South Indian Bank,
Federal Bank, 
BOB Financial, 
CSB Bank, etc. 
Quadrillion Finance Private Limited, 
DMI Finance Private Limited, 
Northern Arc Capital Limited and 
Vivriti Capital Private Limited.
Revenue (2023)Rs.541.1 crore Rs.293 crore 
Valuation (2023)Between Rs.1,5000 crore –
Rs.1,8000 crore 
Rs.1,8000 crore 
No. of users 6,00,000 (2022)12 million (2023)
Company insights of OneCard vs Slice

The above table describes an overview of OneCard and Slice card companies. For now it can be stated that in terms of revenue OneCard is leading in the race while the valuation of both are nearly the same.

Note: Do you know there are special credit cards meant for transacting foreign currencies, interesting right! But how these credit cards differ from normal credit cards? To know more about it, visit our article, Forex Cards Vs Credit Cards, to gain more insights of it!

Detailed Comparison of OneCard Vs Slice card 

Credit card limit Not fixed – varies constantly
as it depends on consumers income and
other factors. 
Upto Rs.10 lakhs & minimum
limit is set at Rs.2000. 
Eligibility criteria Minimum age of 18 years & Indian citizenship. Minimum age 18 years & is applicable for both Indian & International use 
Card availability For both the salaried and self employed.Both the individuals – salaried and self-employed can avail the card. 
Cibil score required 750 or above 750 or above 
Bill payment feature No split bill feature is provided by OneCard.Slice cards come with a Split Bill Feature – that splits the bill into three equal installments. This helps users not to pay any extra charge. 
Forex markup charges 1%0%
Validity of card Valid for both Indian & International use. Accepted by 99.9% of merchants across India that accept VISA. Slice international transitions are enabled. 
Reward benefits Reward points can be maximized upto 5x on top 2 spending’s for a particular billing cycle, and 1 reward points and earned points on every Rs.50 spent that never expires. Offers a 2% instant cashback on each transaction.
EMI Pay option OneCard provides the facility of EMI paying option. That means you can convert your purchases into EMIs installments. Slice cards provide the facility to purchase anywhere and pay your bills within a few months. For eg: to pay the credit card bill slice gives a period of 3 months. 
Time to get the card Fast and quick, as the process is entirely digital, within a few minutes of authorization of the card digitally you’ll get access to use the virtual card. However, the metallic card will be levied within a few days of authorization. After submitting the documents and getting approval, the card will be delivered within 48 hours to the applicant. 
Interest free period Upto 48 days. Repay in 3-interest free installments. 
Detailed comparison view of OneCard vs Slice

From the above table we can state that both these contenders vary and dominate each other in various factors.

For instance, Slice card provides the facility to split bills into three equal installments due to which the customer doesn’t need to pay any extra charge. However, this feature makes it different and superior from other credit card operators like OneCard. 

On the other hand in OneCard credit cards there is no fixed credit limit, that means it provides you with options to choose from many according to your income and eligibility criteria, while Slice card comes with a fixed credit card limit of Rs.10 lakhs. 

Slice card comes with one more major benefit that is, it provides 2% instant cashback on every transaction you made, exciting right!. While OneCard only offers 5x reward points on top 2 spending’s in a particular billing cycle.

Apart from this One card also offers reward points and earned points that never expire on every Rs.50 spend. 

While  both these cards take less time to provide access to use the card, here also lies a simple thread of difference. OneCard provides a digital virtual credit card within just a few minutes of submitting the documents, while the physical metallic card will be delivered within a few days of issuing the card.

On the other hand, Slice delivered the card within 48 hours of providing access and authorization of the card.

Fees and Charges of OneCard Vs Slice card

Joining fee NILNIL 
Renewal fee NIL NIL 
Annual fee NIL NIL 
Forex charge 1%0%
ATM Withdrawal fee With a minimum ATM withdrawal of
Rs.300, 2.5% of charges are applied. 
Rent convenience fee 1.5% on the overall amount.1.5% of the entire value of
the rental transaction.  
Late payment fee On a maximum amount of Rs.1000
(amount due) 2.5% is charged. 
If it is upto Rs. 500 – NIL 
For Rs.501-Rs.2,000 – Rs.15 
For Rs.2,001-Rs.10,000 – Rs.40
For Rs.10,001-Rs.25,000 – Rs.100
And above Rs.25,000 – Rs.150.

While both of these cards come with no annual, joining, and renewal fee, Slice charges different late payment fee amounts based on the late due amount.

Whereas, OneCard charges 2.5% on total amount due, maximum of Rs.1,000.While the charges charged by both the contenders may change or evolve with time.

Summing Up: Which One Is Better? 

As we come to the final stage of the clash between OneCard v Slice, both these contenders are dominating each other on various factors. Both bring different sets of features and benefits to the table. It is evident that each of them has a unique footprint in the fintech landscape. 

The major and prominent difference to notice is that Slice card offers a split bill feature, that helps it to split the bill into three equal installments, while there is no such facility present in OneCard.

OneCard vs slice

On the other hand, OneCard offers cards with no fixed credit limit, while Slice comes with a fixed credit card limit upto Rs.10 lakhs. In terms of revenue OneCard is leading in the race, while in terms of customer base Slice is in front as compared to OneCard. 

Ultimately the choice of card depends on your preferences and requirements, while booth the cards offer their up-to-date and innovative features best suited for their customers. 

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Published By: Aashita Singh
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