Uni Cards 4+

Name: Uni Cards
Rating: 4.7 (19687 reviews)
Author: Uniorbit

Next-gen cards & Paychek

Uniorbit

- 4.7 • 19.7K Ratings

- Free

iPhone Screenshots

Description

We are changing how India experiences credit. To one that’s simple, transparent, and effortless and is straight from the future. Here’s what it looks like:

Uni Paychek - India's 1st salary subscription product.

Receive credit of up to ₹100,000 every month. Sent directly to your bank account. Just like a salary before your salary.

* Subscribe with a paperless one-time setup that takes less than 3 minutes

* Note the eligible amount and Paychek date basis plan. Your Paychek arrives on this date every month

* You get 15/30 days of credit period each month, depending on the plan selected

* Don’t need Paychek for a month? You can always pause it from the app

* Get 15/30 days more to clear your credit card bill, cover your EMIs, and pay rent and utility bills…you can use Paychek for anything and everything

* Paychek is enabled by our partners - nationally recognized NBFCs that are regulated by RBI

* Over 2 Lakh happy users have made Paychek a part of their monthly finances

You can also choose from 2 variants 15 day and 30-day plans. 30-day plan comes with a nominal subscription fee. Try it today!

How to begin (Steps for new users)

1 Download the Uni app
2 Check eligibility
3 Complete KYC
4 Subscribe to Paychek

Paychek details -
Paychek amount upto Rs 1,00,000 every month
Min Tenure to repay - 24 months & Max tenure to repay - 24 months
Subscription plan : 15 day & 30 day
Subscription fee - Zero fee for the 15-day plan & One-time subscription fee of Rs 1999 (including GST) for 30 day plan
Max APR (Annual percentage rate) is 48% + GST ( this includes carry forward fee ) and it varies across the risk profile of the customer
If repaid in 24 months applicable APR is charged
If repaid in full by the due date - zero APR is charged

Example of a Paychek transaction with Rs 50,000 Amount :

Amount : Rs 50,000
Annualised Carry Forward fee (Interest) : 45% p.a + GST
Subscription Plan : 30 Day
Subscription Fee : Rs 1999
Disbursal Amount : Rs 50,000
If repaid by due date
Carry forward fee ( Interest ) = 0
Total amount to be paid = Rs. 51,999 incl. Of GST
If repaid in 24 months
Carryforward fee = Rs 19,276 + GST
Total amount to be paid = Rs. 71,275 + GST

* Carryforward fee varies based on customer risk profile.

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NX Wave Credit Card

The next-gen credit card for reward-lovers is here. Powered by SBM & Yes Bank, the NX Wave Credit Card brings you an incredible experience and value like nothing you’ve seen before.

What the Wave brings you:

> 1% cashback* on your spendings
> 5x more value than your cashback at the Uni Store
> 0% forex markup fee. Pay nothing extra on international transactions
> Lifetime FREE: no annual or renewal fee
> Choice of six breathtaking colors
> Fuel surcharge waiver

* Not applicable on fuel purchase, rent & wallet transfers, ATM withdrawals & international transactions.

Your NX Wave Credit Card is super secure:
* Stay in control: manage your card and its limits from the Uni app
* Avoid mishaps: Freeze/unfreeze your physical card if lost
* Strong on privacy: PCI-DSS certified, so your data is always safe

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To know more, you can always check our website paychek.uni.club or uni.cards
Or send us an email to care@uni.club

Office address -
Uniorbit Technologies Pvt Ltd. (Uni Cards)
No.3, B Nexus, 3rd Block, Koramangala 1A Block, SBI Colony, Koramangala, Bengaluru, Karnataka 560034

List of partnered entities
NBFC - DMI Finance Private Limited
NBFC - NDX P2P PRIVATE LIMITED
NBFC - Transactree Technologies Private Limited
NBFC - Northern Arc Capital Limited
NBFC - Kisetsu Saison Finance (India) Private Limited

6 May 2024

Version 0.89.5

Bug fixes and performance enhancements.

4.7 out of 5

19.7K Ratings

Supermen of Credit cards

What basically happens with a normal credit card is like you have to pay the full amount the next of the purchase, or you can convert
the credit amount into EMI, but on those
EMI you'll have to pay huge amount of
interest. If you made a purchase of suppose 100 then after interest charges you'll pay 150. That's the basic sense of having and using a credit card. Due to which many Indians think thrice before opting for one. But, this stereotype has been broken by UNI Cards. What it does is it breaks the total amount into 3 easy EMI (without interest), like if your amount is ₹1800 on January then
you'll pay ₹600 on February, ₹600 on
March, ₹600 on April. And just think of you
feel like you can pay the full amount in one
shot then the card give you a reward of 1%
like 1800 × 1% = 18 will be your reward.
And yes, it increases your cibil score.
I would highly recommend it to everyone
especially the youngsters and college
students.
The whole KYC process is done in 5
minutes. Don't think much just go for it.
This will help you to keep a check on your
finances.

Great cashback offer

I like the card alot , i have hdfc credit card as well, i have seriously stopped using that card since i got uni card. If compared to that it’s great in terms of saving if you spend good amount on card , so far i have spent around 5-6 lakh on this card which gave me a good cash back of 6,000 rs which no traditional card would have given . Two major draw back i wish were rectified one is that the amount would show as a loan on your credit file and second we don’t get an option of making a custom payment before the bill is generated either it’s the whole amount or none, like we get after bill being generated. Not necessarily everybody gets paid at the end of month and they have to make payment after certain date only. It would be great if you allow custom payment throughout the billing cycle, i would personally use it even more if i had option of custom payment. The primary reason for this suggestion is also it is recommended to not to go over 30% of your limit, so i would have option to maintain that 30% limit as well and spend it as much as i want in month.

Slow debt trap and high interest rate than normal credit card

Although the card doesn’t charge interest for the billing amount within the 1/3rd payment window, it charges a late fee, if you miss any of the three installments. As per the chart available on the websites of Uni Cards and HDFC Bank (for comparison), an unbilled amount of Rs 40,000 with UNI card would attract a late payment charge of Rs 3,000. HDFC Bank credit card will impose Rs 1,100 as late fees.

There is a minimum amount due every month that is 7.5 per cent of total principal outstanding. If you pay less than this minimum amount, a carry forward fees of up to 5.5 percent a month would be charged in the next billing cycle. The carry forward fee varies with the customer’s credit profile and past repayment record. It will be communicated at the time of repayment. Assuming that a customer is charged 5.5 percent a month (i.e., 66 percent a year) as carry forward fees, UNI Pay 1/3rd Card turns out to be more expensive than other credit cards for those who miss their payments. “If you do not pay that minimum due amount, then you are a delinquent customer and are accordingly reported to the bureau

The developer, Uniorbit, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

Contact Info
Identifiers

Data Linked to You

The following data may be collected and linked to your identity:

Financial Info
Location
Contact Info
Identifiers
Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

Diagnostics

Privacy practices may vary based on, for example, the features you use or your age. Learn More

Information

Provider

Uniorbit Technologies Private Limited

Size

87.3 MB