Slice credit card (invite only)

[quino]

linked to RBI's repo rate

i think it's just linked to the RR, with a fixed spread.

 

[MusicalMind]

Hope slice bring ltf mastercard world elite or visa infinite with unlimited domestic/international lounge access, airport meet & greet, luxury car rentals,golf, spa without spending criteria and destroy other CC

 

[SpaceBar]

Hope slice bring ltf mastercard world elite or visa infinite with unlimited domestic/international lounge access, airport meet & greet, luxury car rentals,golf, spa without spending criteria and destroy other CC

Calm down. Don't be hyper.

 

[akshayhs]

I may get this without all other hassles. Let me see. 😉

 

[RAMESH BABU N]

Hope slice bring ltf mastercard world elite or visa infinite with unlimited domestic/international lounge access, airport meet & greet, luxury car rentals,golf, spa without spending criteria and destroy other CC

In the end, someone must pay for these freebies. How can a new SFB manage to pay for these ? No income to the bank on LTF CC or 0 AMB SB.

 

[damn]

In the end, someone must pay for these freebies. How can a new SFB manage to pay for these ? No income to the bank on LTF CC or 0 AMB SB.

Their nbfc arm is and has been profitable for a very long time
No wonder considering their MCLR - https://www.sliceit.com/documents/imp/interest-rates.pdf
They have built the product so that they will earn a minimum return on it, even if you return all borrowed amount in 1 month; flat fee system
And nothing to say about the extended borrowing system

 

[damn]

The app says credit card, the link says credit line, not a single mention of the word card. Let's see what happens.

There is; go lower; under liabilities owned by customer if some issues occur

 

[damn]

i think it's just linked to the RR, with a fixed spread.

NESFB was in a very bad situation when it was merged with slice; right now they are building out their retail deposit base, which is really granular when compared to banks like IndusInd (not in terms of corpus, but the granularity of funds being deployed)

I think they can sustain this RR linked daily interest account for a long time, but eventually the interest rates on time deposits will fall; I mean, they recently decreased the rate on either 1.5 or 3 year FD, not sure which one

 

[Sup]

The app says credit card, the link says credit line, not a single mention of the word card. Let's see what happens.

A bit of both. Slice credit line and slice cc both options are there.

 

[chandra.prakash]

Ye upto 3% ne hi mar diya

It should be flat 3 percent atleast

 

[Sup]

It should be flat 3 percent atleast

We don't even know if that is flat cashback or we have to play fire game for this.

 

[Sup]

We don't even know if that is flat cashback or we have to play fire game for this.

I suck at that game because of my phone's bad touch response.