Discovery Bank

[ECHLN]

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

Just noticed now! Nice.

 

[beefymoocow]

Ya hopefully they will discount voucher more vouchers like dischem now and drop the spend limit or earning discovery miles.

 

[beefymoocow]

Got a message from discovery that they decreasing the cost of interest rates. But says nothing about decreasing interest earned. My interest earned has decrease.

 

[zerocool2009]

Got a message from discovery that they decreasing the cost of interest rates. But says nothing about decreasing interest earned. My interest earned has decrease.

All banks will do it. If you dont know, an emergency moc meeting yesterday... repo dropped by another 1%

 

[beefymoocow]

Ya I did but discovery just being sneaky and say they just dropping the interest rate they charge. They should also man up and say all interest rate are decreasing.

 

[Gtx Gaming]

Yeah indeed rates did drop for savings.

 

[zerocool2009]

Yeah indeed rates did drop for savings.

Time to think Tyme here ....

 

[JV_011_]

Has anyone ever got prime rate for borrowing on Discovery bank? I am thinking of getting their credit card for apple watch but that rate is nowhere near prime that i have with Investec. I wonder if its worth it.

 

[Gtx Gaming]

Has anyone ever got prime rate for borrowing on Discovery bank? I am thinking of getting their credit card for apple watch but that rate is nowhere near prime that i have with Investec. I wonder if its worth it.

Not sure what rates that purple card offers, through it has hefty monthly fee.

 

[JV_011_]

Purple will be overkill. I currently use the platinum transactional account for active rewards and petrol at BP(Discovery Miles and Smart shopper).

 

[beefymoocow]

Purple will be overkill. I currently use the platinum transactional account for active rewards and petrol at BP(Discovery Miles and Smart shopper).

If you have a black credit suite you get a good rate on diamond though.

 

[beefymoocow]

Not sure what rates that purple card offers, through it has hefty monthly fee.

Ya the rate wouldn’t change much. In fact it will be harder to get a better rate diamond is dependent on the amount of savings you have. I think purple is about 250k.

 

[Gtx Gaming]

If you have a black credit suite you get a good rate on diamond though.

Damn maybe I should upgrade to suite also for extra miles on Daimond

 

[beefymoocow]

Damn maybe I should upgrade to suite also for extra miles on Daimond

It depends. I have locked up 100k in savings with them. I haven’t maxed out tyme yet so you will need to decide which is more beneficial. For me the extra cash backs due to diamond is higher than 5k extra interest per annum from tyme.

 

[Gtx Gaming]

It depends. I have locked up 100k in savings with them. I haven’t maxed out tyme yet so you will need to decide which is more beneficial. For me the extra cash backs due to diamond is higher than 5k extra interest per annum from tyme.

Is it 45k for diamond that's what is needed on black card.

 

[beefymoocow]

Is it 45k for diamond that's what is needed on black card.

It’s 100k for black suite. Not sure for credit card only.

 

[Gtx Gaming]

It’s 100k for black suite. Not sure for credit card only.

Thanx I would need move everything from fnb to discovery then. So need to see if can stay on level 5 ebucks also lol

 

[beefymoocow]

Thanx I would need move everything from fnb to discovery then. So need to see if can stay on level 5 ebucks also lol

Yea and their new rules will be out soon. Probably end of may

 

[Koosvanwyk]

I see that the healthy food and healthy gear cash back came though as Discovery miles this month as opposed to deposit in savings account. You can now see the split between vitality money and vitality health "cash back" as well.
Not to sure what the premium refund is about

 

[Gtx Gaming]

I see that the healthy food and healthy gear cash back came though as Discovery miles this month as opposed to deposit in savings account. You can now see the split between vitality money and vitality health "cash back" as well.
Not to sure what the premium refund is about

Nice this probably why taking so long. Decent amount of miles for you!