PostPe VS Slice: Let’s Compare The Features and Charges

PostPe VS Slice: Both PostPe and Slice are two digital credit lending platforms. Although they work under the BNPL category, they offer credit cards to spend the credit balance for various transactions.

Still, there are some differences between PostPe and Slice. In this article, I will talk about their features and benefits, interests and charges, customer support, and then compare them with each other.

At the end of this article, you’ll be able to decide which one is better for you. So without further ado, let’s dive in…

What is PostPe?

PostPe App

PostPe is a BNPL app by BharatPe that comes with a Visa credit card. PostPe offers a credit limit of up to ₹10 lakh which you can use for various online and offline transactions. PostPe allows you to make QR payments that you’ll find rarely in other BNPL apps.

On the PostPe app, you can make bill payments through UPI and your PostPe credit limit. It provides a 0.4% cashback when you make credit card bill payments using UPI through the PostPe app.

PostPe app bill gets generated on the 1st of the next month. You can also convert your PostPe bills into easy EMIs, but PostPe will charge 1.5% interest on the outstanding amount every month.

What is Slice?

Slice App

Slice is a credit lending platform that offers a lifetime free Visa credit card. On the Slice app, you can get a credit limit of up to ₹10 lakh. You can use your credit limit wherever Visa payments are accepted.

Slice gives Monies for every transaction you make with the Slice credit card. If you make a transaction of ₹10,000, then you’ll get 10,000 Slice Monies. Monies are similar to cashback points which you can convert into real cash.

Here’s how you can use your Slice Monies for real cash:

Slice Monies AmountCashback for Monies
0 to 3 lakh1% of the Slice Monies
3 to 5 lakh1.5% of the Slice Monies
More than 5 lakh2% of the Slice Monies

The bill for the credit limit you used this month will be generated on the 1st of the next month and will be due on the 5th of the month. After the bill is generated, you get 5 days for repayment.

However, if you wish, you can convert your bills into 3 months of No-cost EMI. But never make late repayments, if you do so, you’ll be charged late payment fees.

Overall, Slice is absolutely a safe and useful app. If you’re not a user of Slice and looking for a digital credit lending app, then Slice would be a great option for you.

PostPe VS Slice: Overview of the App

App NamePostPe – Shop Now Pay LaterSlice
Service CategoryBNPLBNPL
Secure and SafeYESYES
Available OnPlay Store & App StorePlay Store & App Store
Total Downloads5 Million+ on Play Store10 Million+ on Play Store
App Ratings4.0 ⭐ on Play Store3.8 ⭐ on Play Store

PostPe VS Slice: Features and Benefits

PostPe offers a credit limit of up to ₹10 lakhs. By the way, it is very rare, most of the users get a credit limit ranging from ₹1000 to ₹1 lakh.

Although PostPe does not charge joining and annual fees, it charges fees for QR payments and late payment fees.

PostPe offers a card that you can use for various online transactions. Since it is a visa card, you can use it at almost every merchant.

PostPe provides a Scan and Pay option which means you can pay merchants by scanning a QR code. But you can only scan a BharatPe merchant QR code to make QR payments.

You can convert your PostPe Pay Later bills into an EMI of 3-6 months. PostPe charges 1.5% monthly when you convert your bills into EMIs.

You can refer the PostPe app to your friends and earn up to 5% cashback. You’ll have to use the cashback in the month you earned the referral cashback.

On the PostPe app, you can pay your credit card bills, electricity bills, water bills, and more. Most interestingly, you can earn cashback for making payments through PostPe.

If you pay your credit card bills using UPI on the PostPe app, you will get 0.4% of the bill amount as cashback. But if you pay your credit card bills using the PostPe credit limit, you’ll be charged 2% of the bill amount.

Slice provides a credit limit of ₹2000 to ₹10 lakh which is absolutely fair. If you meet all the criteria, you will definitely get a limit of ₹10 lakh.

Like PostPe, Slice does not charge any joining fees or annual maintenance fees. But it charges ₹50 for card replacement.

Slice Credit Card is powered by Visa, which means you can use it wherever Visa payments are accepted.

On your every transaction, you get Slice Monies which you can convert into cashback later. If you have made a transaction of ₹20,000, you’ll get 20,000 Slice Monies.

You can split your Slice card bills into 3 EMIs with zero convenience fees. But you can’t earn Slice Monies if you pay your bills in EMIs.

You don’t need any fixed credit score for the Slice credit card. Even if you have no credit score, then you can build your credit score with Slice.

On the Slice app, you can also pay your bills such as credit card bills, electricity bills, water bills, and more.

You can add money to your Slice wallet through UPI and cards. And if you wish, you can also withdraw money from your Slice account.

If you are not satisfied with your Slice card limit, then you can increase it by following some tricks. We have written a detailed article on it, so you can read the article.

PostPe VS Slice: Interests and Charges

Let’s talk about the charges and interest rates. The joining and annual fees of both PostPe and Slice are zero. Even they don’t charge for renewal of the cards. But Slice charges ₹50 for card replacement.

If you can’t pay the full bill amount of PostPe and hence convert your bills into EMIs, then PostPe will charge 1.5% interest on your outstanding amount every month. But Slice doesn’t charge if you split your bills into 3 EMIs.

If you don’t pay your PostPe app bills, then PostPe will charge a late payment fee of 0.1% of the bill amount every day. Similarly, Slice also charges 30% of the bill amount as late fees whichever is lower.

Apart from late fees, Slice also charges 5% interest on your outstanding amount if you don’t pay the dues. Here’s the structure of late fees charged by Slice.

Slice Bill AmountLate Payment Fees (Daily)
Below ₹500₹0
₹501 to ₹5000₹20
₹5001 to ₹20,000₹50
Above ₹20,000₹100

As you can see in the table above, the Slice app’s late payment fee is very high. If your bill amount is ₹25,000 and you’re not paying your bills for a month, then you’ll have to pay ₹3000 as late fees (100×30 = 3000).

And, if you ask about PostPe late fees, then it is much lower than Slice. Suppose your PostPe bill is ₹25,000 and you’re not paying your bills for 30 days, then you’ll have to pay ₹750 late fees.

Because PostPe charges 0.1% of the bill amount as late fees every day. If we calculate it, the late fee of ₹25,000 bill amount will be ₹25 per day, and for 30 days it would be ₹750 which is much lower than Slice.

Apart from these, PostPe charges convenience fees when you make QR payments more than the monthly limit. Every month, you can make QR payments of up to ₹5000 without any convenience fee.

PostPe VS Slice: Eligibility Criteria

Eligibility CriteriaPostPeSlice
Must be an Indian citizenYESYES
Must be at least 18 years of ageYESYES
Must have PAN and AadhaarYESYES
Must have a bank accountYESYES

PostPe VS Slice: Customer Support

Contact OptionsPostPeSlice
Phone SupportYESYES
Ticket or Chat SupportYESYES
Email SupportYESYES
WhatsApp SupportN/AN/A

PostPe VS Slice: Which One is Better for You?

Maybe PostPe and Slice provide the same services, but there’s a big difference between their features and charges. Some features PostPe offers, but Slice doesn’t. Like, PostPe provides the Scan and Pay feature that Slice doesn’t.

Similarly, the Slice app has some unique benefits but PostPe doesn’t. As per my experience, I would recommend the Slice app to others. Because I have never seen anybody who has a PostPe limit of ₹10 lakh.

Most of the users get a PostPe credit limit of ₹1000 to ₹1 lakh. Apart from these, you can’t save your credit card details for bill payments. You have to enter your credit card details every time you pay your credit card bills.

However, it is your choice, I am not saying that PostPe is useless. After reading this PostPe VS Slice comparison, I think you got to know which is better for you.

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