Credicorp Slice and a business credit card can both defer the cash impact of a supplier invoice or one-off bill, but they work differently and suit different companies. Slice is a structured instalment product; a credit card is open-ended revolving credit.
How Slice works
When you use Slice, a specific bill is split into three or four weekly instalments. The cost is a flat 6% fee on the amount spread — there is no interest clock running in the background, no minimum payment trap, and the facility closes once the final instalment clears. You know exactly what you will pay before you commit.
How a business credit card works
A business credit card gives you a revolving limit you can spend against repeatedly. If you clear the balance in full each month you typically pay no interest; if you carry a balance, interest accrues and compounds. For a company that consistently clears its card, the effective cost of deferring a single bill can be low — but only if the discipline is there. Late payments, minimum-payment behaviour, and interchange fees add costs that are less visible than Slice's flat fee.
Which fits which company
Slice is better suited to companies that want a ring-fenced, predictable cost for one specific payment — particularly where the business does not already carry credit card facilities or wants to keep a large bill off its card limit. A credit card is more flexible for ongoing purchases but demands consistent monthly repayment discipline to remain cost-competitive. The two can also complement each other: a card for routine spend, Slice for an unusually large invoice.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Revolving credit facility vs term loan, Credicorp Flex vs a bank overdraft