Discovery Bank

[ECHLN]

Where did you see that?

 

[ies87]

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Mine is still 20 for some reason...

 

[Koosvanwyk]

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You have achieved next weeks goal as well!

 

[twr]

Not sure how monthly interest charges are worked out as I normally pay my full amount
But does this sound right:

My closing balance was R15134.00 on 7 march
I paid R15000 on the 23 march (before the due date.

I was charged debit interest of R228.47 on 7 April

So i short paid by R134.00 how can I be charged R228.47 of interest?

 

[Gtx Gaming]

Correct it has full amount otherwise you get charged interest in full outstanding amount. This is how it works on all credit cards. Even if you pay R1 less than due amount, you pay for interest on everything.

 

[twaatie]

Not sure how monthly interest charges are worked out as I normally pay my full amount
But does this sound right:

My closing balance was R15134.00 on 7 march
I paid R15000 on the 23 march (before the due date.

I was charged debit interest of R228.47 on 7 April

So i short paid by R134.00 how can I be charged R228.47 of interest?

Credit card interest is charged on total amount used , not amount oustanding .
So interest not calculated on R134 left but on total used , since you didn't square up the account

 

[Snyper564]

Hi all I have two questions:

1. Does the CC and the normal card both earn "miles" or only the CC?
2. Is there a base rate for earning on the black card? For example with jumping through no hopes 1 mile per R15 something like this?

Where can I find this info in more detail?

 

[twr]

Correct it has full amount otherwise you get charged interest in full outstanding amount. This is how it works on all credit cards. Even if you pay R1 less than due amount, you pay for interest on everything.

Wow okay I want aware,thanks I normally pay full amount but made a mistake this time. Okay so I get charged interest on the full amount,thanks for letting me know

Interesting tho I did get R50 dynamic interest put into my cc at 4,% first time I've sent that

 

[Snyper564]

Hi all I have two questions:

1. Does the CC and the normal card both earn "miles" or only the CC?
2. Is there a base rate for earning on the black card? For example with jumping through no hopes 1 mile per R15 something like this?

Where can I find this info in more detail?

Seriously no one?

 

[amabacha]

Seriously no one?

For bank info log in on Discovery’s website and go to the Bank tab

Discovery Miles is earned on CC spend

In the bank app, tap on one of your CC transactions to see the earn rate and whether you are over your earn rate threshold. Once it hits the threshold the earn rate drops down - each card colour has a different threshold.

 

[Snyper564]

For bank info log in on Discovery’s website and go to the Bank tab

Discovery Miles is earned on CC spend

In the bank app, tap on one of your CC transactions to see the earn rate and whether you are over your earn rate threshold. Once it hits the threshold the earn rate drops down - each card colour has a different threshold.

Thanks but I dont have the card yet, I need to figure out if I want one, FNB gives all this info before applying I want to know the base "earn" before I apply. Could you assist with that? It would be non partner spend.

 

[JV_011_]

Thanks but I dont have the card yet, I need to figure out if I want one, FNB gives all this info before applying I want to know the base "earn" before I apply. Could you assist with that? It would be non partner spend.

I would suggest you get the CC as most of the benefits are only available on CC like the iphone and apple watch benefits. You get more from the cc than you would from the Transaction account only.

You get benefits on both, but you get more on CC.

 

[Snyper564]

I would suggest you get the CC as most of the benefits are only available on CC like the iphone and apple watch benefits. You get more from the cc than you would from the Transaction account only.

You get benefits on both, but you get more on CC.

Thanks this makes sense im just trying to get the base reward percentage before applying

 

[Gtx Gaming]

Thanks this makes sense im just trying to get the base reward percentage before applying

2.5% is base rate on black credit card on gold status

 

[binloud]

Thanks this makes sense im just trying to get the base reward percentage before applying

On the black its Earn up to 1mile for every R15 of spend. After you reach your monthly spend threshold, all additional spend will earn at a rate of 1 Discovery Miles per R100.

 

[Snyper564]

On the black its Earn up to 1mile for every R15 of spend. After you reach your monthly spend threshold, all additional spend will earn at a rate of 1 Discovery Miles per R100.

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this is what I was looking for thanks! useless then from banks side but thanks!

 

[Snyper564]

2.5% is base rate on black credit card on gold status

thankds didnt realise caps were so low

 

[binloud]

this is what I was looking for thanks! useless then from banks side but thanks!

Welcome to discovery, everything is cryptic and hard to find. That's how they make their money.

 

[Snyper564]

Welcome to discovery, everything is cryptic and hard to find. That's how they make their money.

haha this was an absolute nightmare so thank you very much

 

[binloud]

I noticed the discovery Miles conversion to cash is now 10:1 on the app ? When did that change?