LazyPay - SBM Credit card coming soon

[Batmanbaba]

So this is the cooking going on on twitter. And going by that expect a new card just like uni card.... To be launched soon....

 

[Indian]

they have no other option so launch CC is a fate for BNPL companies , this CC will give headache to low reward CC like RBL, BOB , Kotak

 

[rp0703]

View attachment 6820

So this is the cooking going on on twitter. And going by that expect a new card just like uni card.... To be launched soon....

I closed lazypay just 2 weeks ago. But it's not like they are going to launch card which will provide upto 2 to 5% cashback.

 

[Batmanbaba]

I closed lazypay just 2 weeks ago. But it's not like they are going to launch card which will provide upto 2 to 5% cashback.

If they do launch.. It will surely be a face-palm moment

 

[rp0703]

If they do launch.. It will surely be a face-palm moment

Highly unlikely. Because as seen with UNI CC, it provides 1% CB. Probably would be same as LazyPay card which claimed to provide upto 5% CB. But didn't once get 5%. Max i got was 1%.

 

[TheTrickySid]

they have no other option so launch CC is a fate for BNPL companies , this CC will give headache to low reward CC like RBL, BOB , Kotak

ICICI, Indusind, Yes be like :

 

[onetwo]

That may be true but that twitter exchange is them promoting their "What's brewing" series; interviews with their tech partners like Niyo, LazyPay, etc.

 

[FinoGuy]

Any idea y this sbm bank everywhere?
Y they don't go to other bank? Is this a shady bank?

 

[Ad.Astra]

Any idea y this sbm bank everywhere?
Y they don't go to other bank? Is this a shady bank?

I don't think the bank is shady, after all it's second largest bank in Mauritius in terms of market share. SBM stands for State Bank of Mauritius.

It seems to be everywhere because the newer generation fintech companies / startups are mostly tying up with SBM to offer secured credit cards. I am not sure if SBM offers unsecured credit cards.

 

[onetwo]

LazyPay is sending out emails to their customers informing that their LazyCard is going to be paused after 30th November. However, there are at least two variations of this message. One that says "Not a good bye, see you soon" and another that will say "Your LazyCard is transforming, look out for an invite soon".

Based on the email I received (first one, indicating non eligibility of their future card), they sort of leaked that they are launching a co-branded credit card with RBL Bank. How? The image in the email had the file name "RBL Card not approved-1.jpg".

 

[Ad.Astra]

LazyPay is sending out emails to their customers informing that their LazyCard is going to be paused after 30th November. However, there are at least two variations of this message. One that says "Not a good bye, see you soon" and another that will say "Your LazyCard is transforming, look out for an invite soon".

Based on the email I received (first one, indicating non eligibility of their future card), they sort of leaked that they are launching a co-branded credit card with RBL Bank. How? The image in the email had the file name "RBL Card not approved-1.jpg".

So it seems that those who recieve message "Not a good bye, see you soon" won't be receiving card.

 

[onetwo]

Not right away at least, might just invite you or preapprove at some later stage. Also possible that they will go with secured and unsecured cards, or partner up with multiple banks (a la OneCard).

I already have a RBL co-branded card, so unlikely to receive any invite ever.

 

[Ad.Astra]

Not right away at least, might just invite you or preapprove at some later stage. Also possible that they will go with secured and unsecured cards, or partner up with multiple banks (a la OneCard).

I already have a RBL co-branded card, so unlikely to receive any invite ever.

Yes. They may issue secured card to some and unsecured to some.

"I already have a RBL co-branded card, so unlikely to receive any invite ever."

So banks do not offer more than one co branded card?

 

[Batmanbaba]

That way rbl card will also be checked out of list.... Does rbl give two cards to single user.???

 

[rp0703]

That way rbl card will also be checked out of list.... Does rbl give two cards to single user.???

I have 3 RBL card. Shoprite, Paisa Bazaar Duet and Zomato Edition Classic. But they all have Shared Limit.

 

[Paras Jain]

I have 3 RBL card. Shoprite, Paisa Bazaar Duet and Zomato Edition Classic.

How did that happen? I have tried 3 times for Zomato Edition while I already had shopeite but always rejected

 

[rp0703]

How did that happen? I have tried 3 times for Zomato Edition while I already had shopeite but always rejected

Before Zomato Classic i used to have 3 RBL cards also including Bajaj Super Card but closed supercard 3 months ago. So Last week requested zomato for invite and applied for the card and next day card got approved. How did it happened, even i Didn't know.

 

[Credit Karma]

View attachment 6820

So this is the cooking going on on twitter. And going by that expect a new card just like uni card.... To be launched soon....

Seems like Traditional Credit Card has beaten all so called "Credit Card Challengers"

 

[Ad.Astra]

Seems like Traditional Credit Card has beaten all so called "Credit Card Challengers"

There was a time, not long ago, when they were presenting themselves as credit card challengers (it was even in their tag lines), better than the credit cards.

 

[Paras Jain]

There was a time, not long ago, when they were presenting themselves as credit card challengers (it was even in their tag lines), better than the credit cards.

All is just advertisement to mislead people. Credit cards are the only real instruments so far.