Slice App Review : Is It Safe and Worth Using?

Slice began its journey in 2016, founded by Rajan Bajaj in Bengaluru, India. The company started with a simple but powerful idea to make credit easy and accessible for young Indians who were often ignored by traditional banks. Many students, freelancers, and first-time earners found it difficult to get a regular credit card. Slice wanted to change that.

In its early years, Slice offered a “pay later” card, which worked much like a credit card but with fewer restrictions. It gave small credit limits to new users, helping them buy products and pay later in easy installments. Over time, the app gained millions of users across India.

By 2024, Slice had transformed from just a “buy now, pay later” service into a complete financial platform. It introduced a UPI-first account, allowing users to create their own UPI ID, send and receive money instantly, and even open a digital savings account. In 2025, Slice opened India’s first UPI-powered physical branch and ATM in Bengaluru a major step showing that Slice is evolving into a full-fledged digital bank.

How Slice Works

The Slice app brings together three major services - payments, credit, and savings in one place. The process to get started is very simple. You download the app from the Play Store or App Store, register your mobile number, and complete KYC verification with your PAN and Aadhaar.

Once your account is verified, you can access Slice’s features. The app offers a Slice Card, which is a Visa-powered card that lets you spend now and pay later. You can use it online, in stores, or even withdraw cash in some cases. For everyday transactions, you can use your Slice UPI ID to send and receive money instantly, just like you would with PhonePe or Google Pay.

The Slice app also provides a digital dashboard where you can see your total spending, track bills, view rewards, and check upcoming payments. Everything happens inside the app - no bank visits, no paperwork, and no complicated steps.

Features of Slice App

One reason Slice has become so popular is its focus on simple design and useful features that fit into the lifestyle of young people. Here are the most important ones, explained clearly:

1. Slice Card (Credit + Pay Later)
The Slice Card works like a traditional credit card but is easier to get. It has no annual fees and often no joining fees either. Users can make purchases and repay them later, usually within a month, or convert large payments into no-cost EMIs. It’s designed for first-time credit users, so approval is usually faster and simpler than banks.

2. Digital Savings and FDs
For users who prefer saving instead of borrowing, Slice offers a zero-balance digital savings account. It also allows you to invest in fixed deposits (FDs) with competitive interest rates - up to around 7.75% per year (rates may vary depending on the partner bank).

3. Rewards and Cashback
Slice rewards users with “monies,” which can be redeemed as cashback or used for bill payments. The more you spend responsibly, the more you earn back.

4. Instant Onboarding and Fast Payments
The app focuses on simplicity. KYC and account setup can be completed within minutes. Payments are fast, whether it’s UPI, card, or wallet transfers.

Benefits of Using Slice

One of the biggest advantages of Slice is accessibility. Traditional banks in India often require long credit histories, high salaries, or multiple documents. Slice changed that by offering financial products designed for young users - even if they are students or freelancers.

Another major benefit is ease of use. Everything happens digitally. You can check your spending, pay bills, and monitor rewards in one app. There’s no hidden paperwork or complicated banking terms.

For users new to credit, Slice helps build a credit score over time. When you use the Slice Card and repay on time, your repayment history is shared with credit bureaus, which can help you qualify for other loans or cards in the future.

Finally, the app’s no-fee structure and cashback offers make it financially friendly for those who want to save money while they spend.

What to Watch Out For

While Slice has many positives, it’s also important to be cautious. Like any credit product, responsible use is key. If you fail to pay your bills on time, you may face late fees or a drop in your credit score. Missing payments can affect your financial reputation for years.

In 2022, Slice faced a small controversy when Google Play Protect flagged it for a “technical issue” related to app permissions. The problem was resolved quickly, but it reminded users that fintech apps depend heavily on privacy and data security.

Some users have also reported issues such as delayed cashback, slow customer support, or payments not reflecting immediately. While these cases are not common, they highlight why users should stay alert - always keep screenshots of payments and contact support promptly if there’s a delay.

Safety and Security: Is Slice Safe?

Yes, Slice is safe to use when you download it from official app stores. The app follows RBI guidelines and partners with licensed banks and NBFCs for its credit and savings products. Transactions are protected using bank-grade encryption, and KYC verification ensures only verified users can access credit.

However, you should still take standard precautions - don’t share your OTP, PIN, or account details with anyone, and regularly review your transaction history.

How to Download and Start Using Slice

Getting started with Slice is quick and simple:

1. Open Google Play Store or Apple App Store on your phone.

2. Search for “Slice – UPI & Credit App.”

3. Download and install the app.

4. Register with your mobile number and verify using OTP.

5. Complete your KYC using PAN and Aadhaar.

6. Once verified, explore your available credit line or create your UPI handle.

7. Start using the app for payments, credit, and cashback offers.

Final Thoughts

The Slice App is a perfect example of how India’s fintech industry is changing the way people manage money. It’s not just a credit card or UPI app - it’s a complete financial toolkit designed for modern users.

If you’re a student, freelancer, or someone new to credit, Slice gives you a head start with easy access to payments, rewards, and money management. But like all financial products, it works best when used responsibly. Pay bills on time, read the terms carefully, and monitor your spending.

In 2025, Slice continues to evolve as a serious player in India’s digital banking space - safe, stylish, and user-friendly, but only as good as the financial habits of the person using it.

FAQs About Slice App :

Q1. Is Slice a bank?
No, Slice is a fintech company, not a traditional bank. It partners with licensed banks to provide its credit, savings, and UPI features.

Q2. Can students apply for a Slice Card?
Yes, students and young professionals can apply for the Slice Card. Approval depends on basic KYC and credit checks, but the process is designed to be beginner-friendly.

Q3. Does using Slice affect my credit score?
Yes, it does - in a good way if you pay on time. Every repayment helps you build a credit record, but missed payments can reduce your score.

Q4. What’s new in 2025?
In 2025, Slice launched India’s first UPI-powered ATM branch and improved its Super Card to combine UPI, credit, and cashback features. It’s also expanding its savings account offerings.

Q5. What should I do if my payment fails or cashback is delayed?
Contact Slice customer care through the in-app support chat or email. Keep payment proofs handy for faster resolution.

Disclaimer: This content is for informational purposes only and is not financial advice. Please read Slice app’s latest terms before use.