Discovery Bank

Lukcydog said:
I see Discovery Bank adjusted their interest rates today, anyone know why?
Click to expand...
Because the Discovery Bank is not close to profitable yet, so there is even more pressure for them to follow the standard business model of offering fantastic benefits as a hook and then slowly degrading those benefits over time. I am not bitter at all ;)

Seriously, I am all in on the Discovery ecosystem and am getting great value for money but not as good as when each offering was launched. Anyone remember the flat 20% cashbacks on the old Discoverycard at a bunch of retailers?
 
After looking at the iPhone benefit, if you don't have Discovery Drive its not really worth it?

I seem to only be able to max out at about R200 payback without drive goals

Also, does the money goals section take a while to get going with a new account?

I see "Activate your money Goal" button at the bottom of the home screen, but clicking it just takes me to the main money points screen, no info on actual goals, like spend Rx to get this etc
 
Leno said:
After looking at the iPhone benefit, if you don't have Discovery Drive its not really worth it?

I seem to only be able to max out at about R200 payback without drive goals

Also, does the money goals section take a while to get going with a new account?

I see "Activate your money Goal" button at the bottom of the home screen, but clicking it just takes me to the main money points screen, no info on actual goals, like spend Rx to get this etc
Click to expand...
iPhone benefit makes no sense if you don't have all 3 products.

To activate vitality money you also need a minimum balance in a discovery savings account:

Gold - R500
Platinum - R1000
Black - ?

The money goal is dependant on your card colour:

Gold - 7 points
Platinum - 10 points
Black - 15 points?

Points are awarded as follows:
Spend between R20 - R49 - 0.5 points
R50 - R499 - 1 point
R500 - R2499 - 2 points
R2500 + - 3 points

Just a FYI, the current weekly goal has been reduced during the lockdown period. It may increase to the 'normal' levels in the near future.
 
Anyone else receive the SMS to say the interest rates on savings and transactional etc accounts have been adjusted?

I see my rate has lowered by around 1%. Call centre says it's the reserve bank rates. I don't recall a change in the reserve bank rates?
 
maxxis said:
Anyone else receive the SMS to say the interest rates on savings and transactional etc accounts have been adjusted?

I see my rate has lowered by around 1%. Call centre says it's the reserve bank rates. I don't recall a change in the reserve bank rates?
Click to expand...

Same here. Lowered about 0.70%.
 
Priapus said:
Same here. Lowered about 0.70%.
Click to expand...

I opened the account because of the rates. I have some savings I wanted to invest short term and the 4.5% interest rate was better than any quick solutions from FNB.

Now not so much. Bye bye Discovery. I see no other benefit to bank with you.
 
Charlesjjm said:
iPhone benefit makes no sense if you don't have all 3 products.

To activate vitality money you also need a minimum balance in a discovery savings account:

Gold - R500
Platinum - R1000
Black - ?
Click to expand...
Thanks, the money in savings is what I was missing
 
AirWolf said:
Got a quote for their insurance - just car on them was more than car/house/contents on existing.

Enjoying the banking experience though.
Click to expand...
My experience is totally different. Just got a quote from them for car insurance this week that is cheaper than current insurance (without the potential cash backs)
 
PotatoGuardian said:
My experience is totally different. Just got a quote from them for car insurance this week that is cheaper than current insurance (without the potential cash backs)
Click to expand...

Just had a call from Discovery insure, I told her that the previous vehicle insurance quote from 2 years back couldn't beat my Naked insurance at the time, and I am paying almost half of that with JaSure at the moment. They lady confirmed that they would not be able to beat that as they still had my vehicle's details on record.

No free iphone for me, but the savings in premium pays for the phone already...
 
The one issue I have with Discovery Bank; is that I am unable to pay my COJ bill online with EasyPay. It always declines. But use the FNB card and no issues...
 
Priapus said:
The one issue I have with Discovery Bank; is that I am unable to pay my COJ bill online with EasyPay. It always declines. But use the FNB card and no issues...
Click to expand...
Have you tried the master pay app, then go to easy pay section. Works for me in kzn tho
 
Priapus said:
The one issue I have with Discovery Bank; is that I am unable to pay my COJ bill online with EasyPay. It always declines. But use the FNB card and no issues...
Click to expand...

twr said:
Have you tried the master pay app, then go to easy pay section. Works for me in kzn tho
Click to expand...
Try Walletdoc - has an app as well.
 
reserved for Health Banking co-payment at CAPE GATE HOSPITAL PHARMACY

Finally found place where Health banking works lol

They just took the script and got the sms that it was paid.
 
Gtx Gaming said:
reserved for Health Banking co-payment at CAPE GATE HOSPITAL PHARMACY

Finally found place where Health banking works lol

They just took the script and got the sms that it was paid.
Click to expand...
That's odd, I have not had any issues with it since it was launched.
 
Please help with 100% virgin active gym benefit.

I made diamond in mid May.
I have a platinum credit card.
Vitality health status is diamond.
I still got charged 25%
 
Are there not any Vitality Health requirements to get the last 25% like x amount of exercise points or something

Is Virgin Active still on manual systems at reception
 
Hackson said:
Please help with 100% virgin active gym benefit.

I made diamond in mid May.
I have a platinum credit card.
Vitality health status is diamond.
I still got charged 25%
Click to expand...
Make sure you're hitting the monthly spend requirements on your discovery card.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X