I came across a new app which acts like a UPI credit card, like pay later UPI platforms. I don’t think there are more successful pay later UPI platforms. But the Bullet money app seems to work fine.
And this app is exclusively for people who have a good credit score. So if you don’t have a good CIBIL score, there are huge chances you will get rejected. And this app is not available for all, it seems very exclusive since there are giving Rs 10000 credit with just mobile number and pan card details.
You can check the App here. Available in both IOS and android.
It has a simple registration process, like your mobile number, Pancard, and Photo, and accept their terms and condition and also give acceptance for them to check your CIBIL score.
If you are using a credit card already and paying it on time, you will find it easy to get accepted. And the chances are high for you to get rejected if you don’t have a good CIBIL score.
What’s good about this app is, that it doesn’t get linked to your debit card or bank, it like your UPI credit card, use the limit and pay it within 15 days.
There are no special charges levied for the consumer, maybe they charge some % to the merchant.
Your bill is generated every 15 days, so you will be paying twice a month. After 5 days grace period, you will be charged Rs 10 if you forget to pay the bill.
And don’t think you will be fine without paying the bill, that will have a direct effect on your CIBIL score which will damage the future of you getting any loan again.
Since this seems to be elite app, it accepts only people with good CIBIL score.
Bullet money app has the great advantage of you not linking your bank or debit card for UPI payment. It is supported by YES bank for the payment system.
Hope this app will be helpful for people who don’t like to link their bank into UPI payment system.
Stay tuned….
But will the Govt wash their hands off complaints and issues just like they announced with GPay?
Lol dont you think the company is at risk giving you 10k without any security and not linking your bank ??
Haha TnC everywhere.
So whats brewing ??
Nothing actually. No courier. No coffee.