Many fintech companies are cooperating with Non-Banking Financial Companies (NBFCs) to provide Buy Now Pay Later cards to their users. This new age of BNPL platforms is also offering BNPL Cards to its users that are approved in a few seconds and delivered to your home quickly with a good Credit Limit. BNPL Platforms generally refer to short-term micro-credit options which allow the users to make their purchases online and pay after a few days without any interest rate. In this article, we’ll be going to discuss some of the best BNPL (Buy Now Pay Later) cards which you can apply instantly.
Here’s an overview:
Before we begin, let me invite you to our Finance Discussion Community on Facebook: FinTalks. Here we share our experiences and discuss queries related to banking, debit cards, and credit cards, mutual funds, stock markets, and more. A lot of offers and discounts related to credit cards are also discussed here. Click Here to Join FinTalks.
Best BNPL (Buy Now Pay Later) Cards which you can apply instantly:
Slice app which is one of India’s biggest payment and credit start-up companies particularly for teenagers or young adults has launched a Visa card that comes free of cost with its Pay-later app that caters to the emerging financial requirements of Gen Zs and Millennials users across India.
The Visa-powered Card from Slice app is generally available in two forms – Virtual Form (which is free) and Physical Form for which you can place an order on the app. Slice app provides a Credit Limit of up to Rs. 10 Lakhs to college students. But the Credit Limit may differ from person to person as per their Credit Score.
You can pay off your Credit Amount within the following month at a 0% Interest Rate charge on the credit amount. Slice Card can be issued instantly to its users through digital onboarding on the Slice app. The Slice Super Card doesn’t have any annual charges, joining fees, or hidden charges for the user. From college students to salaried individuals – everyone is free to use this BNPL (Buy Now Pay Later) Card.
It can be used in all online or offline business merchants that offer credit or debit card services. You can get up to 2% Cashback on all Credit Card transactions with this Visa-powered Card. This BNPL Card is accepted by most of the offline merchants across the countries which accept Visa Credit Cards.
LazyCard is the brand-new revolutionary product from the leading financial service provider LazyPay app. This prepaid card provides the same sort of convenience that a Credit Card does, but this card is not completely a Credit Card. The Credit Amount offered by the LazyCard depends on the prepaid nature of the card. It is also elevated or boosted by the rewards and cashback received on each transaction.
LazyCard is an expansion of the services provided by India’s leading Buy Now Pay Later (BNPL) Company, LazyPay, which is connected with over 50 online merchants’ websites in the arena of Food, Tickets Bookings, OTT Subscriptions, etc.
LazyCard is a lifetime free prepaid card with Zero Annual Fees or Hidden Charges. It also offers up to 5% Cashback on all transactions, an Rs. 500 Welcome Gift coupon, and many more amazing offers. In collaboration with RBI-approved SBM Bank and VISA, LazyCard has an acceptance rate of 99.8% and can be used to purchase anything, whether it is online or offline.
The LazyCard is available in both physical form and virtual form (which is free of cost). Your repayment bill for the given Credit Amount will be generated on the 1st of every month. Make sure you repay your credit bills by the 3rd of the month to avoid late repayment charges as this can maintain your Credit Score and you’ll get a better Credit Limit in the future. The LazyCard will be linked to the LazyPay app which makes things easier for the users to interact with the entire LazyPay ecosystem which comprises of LazyPlus (UPI), LazyPay (Buy Now Pay Later), and other services.
PostPe app is a Buy Now Pay Later platform which allows you to make all kinds of purchases where you can make the purchases instantly and pay later for that purchases. This app offers you economic freedom on your purchases and also enables you to track your monthly expenses easily on the PostPe app.
The app also provides you a Lifetime free Credit Card which offers you a Credit Limit of up to Rs. 1 lakh for 30 days without any interest rate on the Credit Amount. However, your Credit Score or (CIBIL Score) will also decide the Credit Limit you’ll be allowed to avail on the card.
The PostPe Card is a VISA-powered Card that is widely accepted all over the world and the best part of this card is that there is No Annual Charge or Hidden Charges for the PostPe Card. Also, the PostPe Card is available in physical and virtual forms. With this card, you can get up to 5% Cashback on every transaction (online or offline). You can pay anywhere with this Credit Card whether it is an online merchant site or offline store.
You can repay your Credit Limit through various payment methods like UPI, Credit Cards, Debit Cards, Netbanking, etc. The repayment bill for the credit amount is generated on the 1st day of every month which you can easily repay within 5 days from the period when the bill was generated. PostPe app collects all your monthly transactions and generates a single repayment bill for the next month. Therefore, you don’t have to pay the bill separately for various offline and online transactions.
The Simpl app is a very popular BNPL (Buy Now Pay Later) app as any payment can be made in 15 days without paying any interest amount on your Credit Limit. Simpl Pay-Later app is a one-stop solution for all Credit-related payments. Simpl Pay Later app is one of a kind digital Credit Card in which users are provided with Credit Limits and the Credit Amount is given for 15 days with a 0% interest rate for making any payment on the Simpl app.
If the repayment of the credit limit is not done within 15 days, then the penalty is charged to the users as per the terms and conditions of the Simpl Pay Later app. This penalty amount is determined based on the amount of credit taken on the app. But one of the best features of this pay later app is that if the user paid the Credit Amount on time, then the Credit Limit of that user also increased due to their good Credit History or (good CIBIL Score).
With the help of the Simpl Pay Later app, you can pay across various online merchant sites within a few seconds with a single click. Simpl Pay Later app is one of the most renowned Buy Now Pay Later (BNPL) apps as the application allows you to track all your expenses on different merchant sites, with a single consolidated bill. With this pay later app, you can also recharge your mobile phone and pay the utility bills like DTH Recharge, Postpaid Bill, Electricity Bill, etc.
Ola Money Postpaid:
Ola Money Postpaid is a quick and simple digital Credit Payment system from Ola which allows the consumers to pay for their cab rides and several other online services. Ola provides this Credit facility to its users at no extra charge and intends to offer a trouble-free payment option to its users. Consumers can continue to make payments using the Ola Money Postpaid service for up to 15 to 30 days or till the Ola Money postpaid limit expires, whichever is earlier.
In simple terms, the Ola Money Postpaid service allows its consumers to collect rides on Ola and then simultaneously pay the charges for the rides for 15 days in one go. It works the same as you pay your electricity or postpaid connection bill every month. It just needs a single click without any OTP or Password to process the payment. The Ola Money Postpaid payment system is accepted by over 300+ apps and other merchant sites.
Ola Money also launches a Credit Card in partnership with SBI Bank and Visa. There is no Joining Fee for this exclusive Credit Card from Ola. With this Credit Card, you’ll get 7% Cashback on all Ola rides and 1% Cashback on every transaction with the Ola Credit Card. Along with this; you’ll get 5% Cashback on Flight Bookings and 10% Cashback on Hotel Bookings.
So these are all BNPL Cards that you can apply right away. But please remember that these are not traditional credit cards, and will usually have a lesser credit period associated with them. Also, these will show up in your CIBIL as Loan Accounts. If these two don’t bother you, you are good to go.
Thank you for reading. Do let me know which one you liked the most. In case you have further queries, drop them below in the comments, and I will be happy to help. Do share this post with your finance buddies. I will be back soon with another interesting update. Keep visiting HiTricks. Join our FinTalks Facebook Group for more discussions on banking and finance. Don’t forget to join our Telegram Channel for getting the latest tech updates.