Upcoming changes in Slice card

[prc1990]

Upcoming changes in Slice card. Please see the attachment for details.

 

[akshayhs]

Recently slice has been taking some precautions to not fully destroy cibil. According to CSR they are reporting just 10% of total sanctioned limit so the people with high limit don't add up the limit as unsecured loan.

Not true anymore. I am seeing my sanctioned limit reported in full on CRIF. Need to check with CIBIL. It did not reflect in this month's refreshed report. CRIF score has certainly reduced after that, but nothing significant since CRIF is hardly important for me.

They have also changed NBFC in my account from QUADFIN TO Northern Arc.

 

[akshayhs]

Upcoming changes in Slice card. Please see the attachment for details.

I have a Slice card as well and I haven't received this email at all. Strange.

 

[Vicky99]

Only Credit Line I have currently, rest all are closed.

Interesting thing is Slice hasn't been reported yet to credit bureaus even after being used for more than 8 months 🥲.

They reported 80k to cibil 😒😒

 

[prc1990]

Not true anymore. I am seeing my sanctioned limit reported in full on CRIF. Need to check with CIBIL. It did not reflect in this month's refreshed report. CRIF score has certainly reduced after that, but nothing significant since CRIF is hardly important for me.

They have also changed NBFC in my account from QUADFIN TO Northern Arc.

Ok so after 8 months, atlast I see an entry for Slice (Quadrilion Finance Pvt. LTD.) in EXPERIAN.

Sanctioned Amount is showing as 5K whereas the original limit is 180K. It's pretty less than 3% of my actual limit 😐.

 

[akshayhs]

Does anyone else have a feeling Slice is no longer that attractive and most spark offers are useless?

I am planning to close my account but I have some insider information that things will change after 1st July. So I'm waiting to see what happens and then take a call.

 

[prc1990]

Does anyone else have a feeling Slice is no longer that attractive and most spark offers are useless?

I am planning to close my account but I have some insider information that things will change after 1st July. So I'm waiting to see what happens and then take a call.

That's right! Though recently they have added options like UPI, IMPS and Paytm to transfer money from the card. I don't see the details of charges and other TnC.

What insider information do you have with you? Can you please share? Now they charge for splitting the bill in to three months (which was free earlier) that I'm aware of.

 

[AllSeeker]

That's right! Though recently they have added options like UPI, IMPS and Paytm to transfer money from the card. I don't see the details of charges and other TnC.

What insider information do you have with you? Can you please share? Now they charge for splitting the bill in to three months (which was free earlier) that I'm aware of.

Wasn't that the whole appeal of slice card?

This was a reason even I had considered this card at one point of time when I didn't have any CC yet. But thank god they put me on hold or something and I ended up forgetting about it.

 

[akshayhs]

I don't see the details of charges and other TnC.

It's there under pricing section in your profile section.

I'm attaching it for your reference.

 

[prc1990]

It's there under pricing section in your profile section.

I'm attaching it for your reference.

No no this I know. I was referring to the charges (if there is any) related to the attached extraction process.

 

[ashwink]

Now 3 months installation payments are not free?

 

[prc1990]

Now 3 months installation payments are not free?

Nope

 

[akshayhs]

Recently slice has been taking some precautions to not fully destroy cibil. According to CSR they are reporting just 10% of total sanctioned limit so the people with high limit don't add up the limit as unsecured loan.

Just realised about this after cross examining my credit reports. They report 10% of sanctioned limit to all other bureaus except for CRIF. With others, they report fully sanctioned amount. Is this true for anyone else as well?

 

[prc1990]

Just realised about this after cross examining my credit reports. They report 10% of sanctioned limit to all other bureaus except for CRIF. With others, they report fully sanctioned amount. Is this true for anyone else as well?

Sanctioned Amount is showing as 5K in EXPERIAN whereas the original limit is 180K. It's pretty less than 3% of my actual limit 😐.

 

[akshayhs]

Sanctioned Amount is showing as 5K in EXPERIAN whereas the original limit is 180K. It's pretty less than 3% of my actual limit 😐.

This is my observations after going through my credit report. In my case the financing partner was recently changed.

 

[prc1990]

This is my observations after going through my credit report. In my case the financing partner was recently changed.

Isn't it QFPL anymore?

 

[akshayhs]

Isn't it QFPL anymore?

They have 6-7 partners now. For my account it has been moved from qfpl to northern arc.

 

[Dr. Drake]

Just to clear things up, I'm using uni pay & postpe from past 5months both doesn't show anything in my CIBIL. I pay full amount monthly.

 

[prc1990]

QUADFIN now shows up in CIBIL as well with credit limit reported as 5K only which is good as well as bad if spends spill over to more than 5K.

 

[ashwink]

QUADFIN now shows up in CIBIL as well with credit limit reported as 5K only which is good as well as bad if spends spill over to more than 5K.

It's quite good as it shows as loan in cibil if they shown full limit it will be a trouble in future for getting unsecured credit card or loans

 

[Bob78900]

It's quite good as it shows as loan in cibil if they shown full limit it will be a trouble in future for getting unsecured credit card or loans

But they showed very low amount of 5 k if he spends more than 5 i think it will be bad for his score