{"id":3936,"date":"2022-05-09T11:43:32","date_gmt":"2022-05-09T11:43:32","guid":{"rendered":"https:\/\/bankkaro.com\/blog\/?p=3936"},"modified":"2022-10-03T08:27:59","modified_gmt":"2022-10-03T08:27:59","slug":"uni-card-review","status":"publish","type":"post","link":"https:\/\/bankkaro.com\/blog\/uni-card-review\/3936\/","title":{"rendered":"UNI Card Review: Pay 1\/3rd Every Month"},"content":{"rendered":"\n<p>The UNI card has been launched by UNI Orbit Technologies, and you won&#8217;t be getting any traditional credit card where your interest starts accumulating from the first billing cycle&#8217;s payment date. You get a card that you buy now and spend later with. UNI card is a solid card that is gaining popularity among the Indian youth, and is a remarkable product that delivers the facility of buying now and spending later.<\/p>\n\n\n\n<p>Let&#8217;s review the UNI card and get to the verdict &#8211; Should you go for this UNIque card or not?<\/p>\n\n\n\n<h2 id=\"fees-and-charges\" class=\"wp-block-heading\"><strong>Fees and Charges<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Lable<\/th><th>Fees<\/th><\/tr><\/thead><tbody><tr><td> Joining Fee <\/td><td> Nil <\/td><\/tr><tr><td> Annual Fee <\/td><td> Nil <\/td><\/tr><tr><td> Late payment fee <\/td><td> According to slabs of the bill payment amount. No interest is charged on late payment. <\/td><\/tr><tr><td> Carry forward fee <\/td><td> <strong> <\/strong>Up to 5.5% <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"pros-cons\" class=\"wp-block-heading\"><strong>Pros &amp; Cons<\/strong><\/h2>\n\n\n<div class=\"i2-pros-cons-icons i2-pros-cons-main-wrapper theme-i2pc-theme-03 no-title no-button has-space-between-column no-outer-border has-round-corner no-heading-icon\"><div class=\"i2-pros-cons-wrapper\"><div class=\"i2-pros\"><strong class=\"i2-pros-title\">Pros<\/strong><div class=\"section\"><ul class='has-icon'><li><i class='icon icon-thumbs-o-up'><\/i>No annual or joining fee:\u00a0There is no such fee for a UNI card, whereas an annual or joining fee is zero to a few thousand in regular credit cards. Here waivers are available.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Repayment:\u00a0Customers can make the full payment or choose to pay 1\/3rd for the next 3 consecutive billing cycles at  no extra cost.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Multiple reward partnerships: UNI has partnered with several popular apps like Swiggy, Flipkart, and more to get you additional discounts.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Card freeze:\u00a0If the customer doesn&#8217;t use the UNI card for six months, then a card will be automatically frozen.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Intuitive UI: The UNI app is a breeze to use with all important toggles and settings just few touches away.<\/li><\/ul><\/div><\/div><div class=\"i2-spacer\"><\/div><div class=\"i2-cons\"><strong class=\"i2-cons-title\">Cons<\/strong><div class=\"section\"><ul class='has-icon'><li><i class='icon icon-thumbs-o-down'><\/i>Reward period:\u00a0If you split your bill over three months, you won&#8217;t get any reward points.<\/li><li><i class='icon icon-thumbs-o-down'><\/i>Foreign transactions:\u00a0As per RBI policies, no foreign transaction is permitted.<\/li><li><i class='icon icon-thumbs-o-down'><\/i>Low Rewards:\u00a0UNI card offers rewards that are still low compared to other Entry Level Credit Card.<\/li><li><i class='icon icon-thumbs-o-down'><\/i>No Wallet Load Transactions:\u00a0You can&#8217;t utilise the card for wallet transactions as it isn&#8217;t a credit card, but a credit line.<\/li><\/ul><\/div><\/div><\/div><\/div>\n\n\n<h2 id=\"rewards-and-cashback\" class=\"wp-block-heading\"><strong>Rewards and Cashback<\/strong><\/h2>\n\n\n\n<p>UNI card has a <strong>reward rate of 1%<\/strong> in the cashback form on Bill payments.<\/p>\n\n\n\n<p>Apart from that, you get instant discounts when paying using your UNI card at stores like Swiggy, Zomato, 1mg, and more. This isn&#8217;t a card for getting significant cashback on your regular purchases.<\/p>\n\n\n\n<h2 id=\"who-should-get-a-uni-card\" class=\"wp-block-heading\"><strong>Who Should Get a UNI Card?<\/strong><\/h2>\n\n\n\n<p>UNI card is suitable for customers who want lucrative benefits and no interest charges for up to 3 months of the original payment.. On delivery, you get interesting freebies including a mask, sanitizer, chocolate, and pouch, which is a nice touch. <\/p>\n\n\n\n<p>Nonetheless, you should opt for this card only if you can manage your expenses and clear your due payments or charges on time. Customers of UNI card credit cards should not overspend or do not extend repayment beyond the <strong>free credit period<\/strong>. <\/p>\n\n\n\n<p>Otherwise, you may end up in a debt pitfall. The late fees applicable on this credit card are very high compared to other credit cards. Here you can also like to know about <a href=\"https:\/\/bankkaro.com\/blog\/onecard-review\/3829\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/onecard-review\/3829\/\" target=\"_blank\" rel=\"noreferrer noopener\">OneCard review<\/a><\/p>\n\n\n\n<h2 id=\"eligibility-criteria-for-uni-card\" class=\"wp-block-heading\"><strong>Eligibility Criteria For UNI Card<\/strong><\/h2>\n\n\n\n<h3 id=\"1-age\" class=\"wp-block-heading\"><strong>1. Age<\/strong>&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>For a salaried person, your age should be between 18-60 years.<\/li><li>For a self-employed person, your age should be between 18-70 years.<\/li><\/ul>\n\n\n\n<h3 id=\"2-location\" class=\"wp-block-heading\"><strong>2. Location<\/strong><\/h3>\n\n\n\n<p>You should be a resident of India.<\/p>\n\n\n\n<h3 id=\"3-documents-required\" class=\"wp-block-heading\"><strong>3. Documents required<\/strong><\/h3>\n\n\n\n<p>Customers can avail the benefits of the UNI card by submitting the following documents:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Aadhar Card&nbsp;<\/li><li>Valid PAN Card&nbsp;<\/li><li>Aadhar Linked mobile number<\/li><\/ul>\n\n\n\n<h2 id=\"ratings-and-reviews\" class=\"wp-block-heading\"><strong>Ratings and Reviews<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Cashback and Rewards 2.5\/5:<\/strong> If you for the UNI card, customers can pay in full after the 30-day free credit period and get 1% rewards in cash back.<\/li><li>Fees and charges 4.5\/5: The UNI card has zero joining and annual fee, making it extremely appealing.\u00a0<\/li><li>Eligibility 4\/5: The individual needs to have an adequate and steady income at the age of 18-60 years. For a self-employed person, the age should be between 18-70 years.<\/li><li>Overall 3.5\/5: UNI card makes the best Credit Card in India for Beta Users. You can pay anywhere and spend 1\/3rd of your bill with this card. Spend your monthly amount in 3 parts in 3 months without additional charges.<\/li><\/ul>\n\n\n\n<h2 id=\"conclusion\" class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>There are no Joining Fee fees for UNI clients, and annual fees are also nil. UNI card offers you no cost EMI for three months without any interest charges. But interest charges may be levied if you go for more than <strong>three months of EMI<\/strong>, and extra charges will also be applied. <\/p>\n\n\n\n<p>UNI card swears by <strong>100% transparency<\/strong> in transactions, and every single charge or fee is applied to your credit statement and complete details are provided. As already discussed, UNI card Cashback\/Discount is not appealing, though. They offer 1% cashback too if the full payment is made within the due date.<\/p>\n\n\n\n<p>It&#8217;s more of a card meant for convenience than for rewards, contrary to what its competitors are meant for.<\/p>\n\n\n\n<p><strong>You may also like to know about<\/strong>: Is <a href=\"https:\/\/bankkaro.com\/blog\/fampay-card-review\/5010\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/fampay-card-review\/5010\/\">fampay<\/a> real or fake, let&#8217;s check it out <\/p>\n\n\n\n<h2 id=\"faqs\" class=\"wp-block-heading\"><strong>FAQs<\/strong><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1652243086296\" class=\"rank-math-list-item\">\n<h3 id=\"is-uni-card-a-credit-card\" class=\"rank-math-question \"><strong>Is UNI card a credit card?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>UNI Card is not a credit card, but it functions the same way as a credit card. It is a Pay 1\/3rd card or PayLater card, which means on the spending of Rs 30,000 in a month, pay Rs 10,000 a month for the next 3 months without any interest or late fee.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1652243092737\" class=\"rank-math-list-item\">\n<h3 id=\"what-are-the-benefits-of-uni-card\" class=\"rank-math-question \"><strong>What are the benefits of UNI card?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The card has no joining fee and no annual charges for all customers. The bill can be paid in 3 months without any interest. If paid in full, you get a 1% cashback straight into your account. The card is acceptable at 99.99% stores and outlets in India.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1652243102529\" class=\"rank-math-list-item\">\n<h3 id=\"is-uni-card-lifetime-free\" class=\"rank-math-question \"><strong>Is UNI card lifetime free?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>UNI Cards are valid for an unlimited period of time.\u00a0With this lifetime free credit card, you will never have to pay a joining fee or annual fee.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1652243114858\" class=\"rank-math-list-item\">\n<h3 id=\"where-can-we-use-uni-card\" class=\"rank-math-question \"><strong>Where can we use UNI card?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The UNI card is a Visa-branded card and is accepted at\u00a0all merchants, and online websites, in India.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"The UNI card has been launched by UNI Orbit Technologies, and you won&#8217;t be getting any traditional credit&hellip;\n","protected":false},"author":8,"featured_media":3937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[11],"tags":[24],"class_list":{"0":"post-3936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reviews","8":"tag-credit-cards","9":"cs-entry","10":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/comments?post=3936"}],"version-history":[{"count":12,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3936\/revisions"}],"predecessor-version":[{"id":5984,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3936\/revisions\/5984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/media\/3937"}],"wp:attachment":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}