Have you created your Slice card account and are unhappy with the credit limit? Slice Card has created a niche in the prepaid card market due to its attractive rewards.
They offer a credit limit of Rs. 10,000 to Rs. 100,000. The credit limit allocated to users depends on numerous factors.
Many users who are unhappy with their credit limit are searching for ways to increase their Slice Credit limit.
But is it really possible to increase the credit limit in Slice? Let us find out more about Slice Card Limit.
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What is Credit Limit in Slice Card?
If you have signed up on Slice, then you can check your credit limit or purchase power from the app. There are different tabs at the bottom of the app that help you explore different features. Once you click on the respective tab, your credit limit or purchase power will be displayed on the screen. It can be any amount between Rs. 10,000 to Rs. 100,000.
How to Check Slice Credit Limit?
You can check the Slice Credit limit from the accounts section on the App.
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Open the Slice app
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Go to the Accounts section
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Click on the Check Purchase Power button
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Your credit limit will be displayed on the screen
How To Increase Slice Card Limit?
With fare usage of your Slice card, you can increase your credit limit. Fare usage includes repayment of your slice bill on time, paying monthly dues early, use your slice card more often for online transactions.
1. Pay Slice Card Bill on Time
The first step in increasing your credit limit is to pay your bills on time. If you continue to pay your bills on time, your credit limit will be increased surely.
Slice uses a real-time underwriting system to allot credit limit to users. So, the wait to increase the credit limit will be short.
2. Pay your bills before the due date
If you want to increase your credit limit quickly, then it is a great idea to pay your bills before the due date instead of waiting for the due date to clear the bills. It is better that you pay the amount at least 1-2 days before.
3. Avoid repayment by instalments
Slice allows users to split the bill into 3 instalments. It is a useful option; however, it is better to avoid paying in instalments if your primary goal is to increase your credit limit.
4. Don’t use 100% Credit limit
To increase your credit limit, it is very important to ensure that you are not using 100% of on your credit card.
5. Use your Slice Card for good transactions
It is important to keep using your Slice card regularly to increase your chance of improving your credit limit. You can use the card for all types of transactions, such as utility payments, online shopping etc.
How to Use Slice Card Limit?
You can use the Slice card for online and offline payments. To use the card, you need to have money in your Slice Mini account. For online payments, enter the card details from the Slice app and verify with OTP.
If you received your physical card, you can use it for payment at offline stores that accept payment by card.
With a slice card, you get up to 2% cashback on your transaction. Also, you can earn additional cashback with Spark offers.
Slice Card Benefits
Slice card comes with many benefits you get assured cashback on every transaction. There are also many cashback offers on top brands that help you save more.
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Get up to 2% cashback on all transactions.
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Exclusive offers on top brands such as Flipkart, Swiggy, Zomato etc.
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Option to pay bills in up to 3 months
Conclusion
These are some ways to improve your chances of increasing your Slice card credit limit. Your credit limit on Slice is allocated in real-time so with fare usage of your card you can almost increase your credit limit very quickly. You need to keep doing all these things and your credit limit will be increased surely.
Frequently Asked Questions
Q1. What is the maximum slice card limit?
A1. The limit of your Slice card can be up to Rs. 10 lakhs.
Q2. Why is my slice card limit so low?
A2. Slice card limit is based on numerous factors. The purchase limit can be between Rs. 2,000 to Rs. 10 Lakhs. If your card limit is low, you can still increase it with the fare usage of your card.
Q3. How is credit limit decided in slice?
A3. Slice credit limit is decided on several factors such as credit score, card usage, bill settlement etc. Based on all these factors, you can get a credit limit of Rs. 2,000 to Rs. 10 lakhs.
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