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Slice bank credit card approved

Apply For LTF Axis Bank Credit Card
BhaiyaJi said:
You can slice vegetables using this card
Click to expand...
Donald Duck Lol GIF
 
Hi everyone,

I'm trying to fully understand the reward structure of my Slice credit card and I've hit a point of confusion, specifically with the term "Monies".

Here’s the reward scheme as Slice explains it:

· Till 3 lakh Monies: 1% rewards
· On reaching 3 lakh Monies: 1.5% rewards
· On reaching 5 lakh Monies: 2% rewards
· If avg. quarterly balance (last 90 days) is >5 lakh, after 5 lakh Monies: 3%

My questions are:

1. What exactly is the definition of "Monies"? From what I can tell,it seems to be the lifetime cumulative spend on the card. Is that accurate? For example, once my total all-time spending on the card crosses ₹3,00,000, my reward rate should permanently bump up to 1.5%. Is this correct?

2. Do "Monies" expire? Is this lifetime cumulative spend tracker reset annually,or does it continue forever?

3. This is the biggest confusion: REDEMPTION REDUCES MONIES! I noticed that when I redeem my reward points,my "Monies" balance also decreases by the amount of points/cashback I redeem.
For example if I earned 100000 monies and once I redeem it to cash (rs 1000), my monies reduces
 
Akshay Ajmera said:
My questions are:

1. What exactly is the definition of "Monies"? From what I can tell,it seems to be the lifetime cumulative spend on the card. Is that accurate? For example, once my total all-time spending on the card crosses ₹3,00,000, my reward rate should permanently bump up to 1.5%. Is this correct?

2. Do "Monies" expire? Is this lifetime cumulative spend tracker reset annually,or does it continue forever?

3. This is the biggest confusion: REDEMPTION REDUCES MONIES! I noticed that when I redeem my reward points,my "Monies" balance also decreases by the amount of points/cashback I redeem.
For example if I earned 100000 monies and once I redeem it to cash (rs 1000), my monies reduces
Click to expand...
This is the beauty of this card.

karm karo (keep spending)
fal ki chinta (dont redeem reward points)
 
BhaiyaJi said:
This is the beauty of this card.

karm karo (keep spending)
fal ki chinta (dont redeem reward points)
Click to expand...
I asked all these questions to customer care and made a post on it

A

Thread 'The Guide to Slice "Monies": Definition, Expiry, and The Redemption Trap'

Hi Technofino Community,

Like many of you, I was deeply confused by Slice's reward system, specifically the term "Monies" and how it impacts the reward tiers. The documentation wasn't clear, so I decided to get official answers directly from Slice support.

I asked them three specific questions that I believe are crucial for anyone using this card to maximize their rewards. Their answers were very clear and have major implications for our redemption strategy.

Here is a breakdown of my questions and their official responses.

Question 1: What exactly is the definition of "Monies"?

· My...
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Bro slice rejected my application and told to reapply again after 3 months. I'm self employed, their is no option for self employed. So I choose salaried person . Then I choose my Jupiter by fed bank account I mostly do transaction from this account. I choose salary employer name balkpe ( cashfree) because I received many business payment from them. But there registered name not visible there so I choose bankpe ( I think they fetching company from Google maps) . I also do part time job in Airport Authority of India Kolkata RHQ , but there is not visible RHQ option so I choose balkpe . My cibil score is 775 . Then after few minutes they rejected my application idk why !

I have already pnb , ICICI, yes , axis, rbl , unity small, fed unsecured CC.

I opened savings account with slice 15 days ago . I maintain 1lacs for few days, do UPI transaction but after sometime they don't give me fire play cashback. When I open account I joined credit card wishlist and today when I check it's showing active now option. But still rejected and told me to wait for 3 months.

Any trick to grab this card or bypass the 3 months waiting period .
 
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