Discovery Bank

Does anybody have concrete information on when the Discovery Bank Home Loan pilot will be concluded and the product launched to the public?
 
Filosofer said:
Hi there, would I earn discounts at Woolworths if I only have a Discovery Gold transaction card?
Click to expand...
Sorry there wasn't a quicker response. You get 15% of your HealthyFood purchases at Woolworths paid back in Discovery Miles if you have either the Gold Suite or the Gold credit card. No discount for only having the transaction card.
 

Attachments

justkc said:
Thank you Phoenix and Beefymoocow
I’m also considering adding a virtual card with a spend limit that’s equal to the value I need to pay them.. which they can add onto their phone and use to pay. This is because it’s someone I know personally.. I’d probably just need to keep them updated on their available spend. What do you guys think?
Click to expand...

I heard you earn more miles with a virtual card but can't find anything on teh website, anyone know if its true ?
 
L-Dog said:
I heard you earn more miles with a virtual card but can't find anything on teh website, anyone know if its true ?
Click to expand...

www.discovery.co.za

Virtual cards - reasons to start using one | Bank Blog

Virtual bank cards are super secure, convenient, simple to set up and instant to replace. Plus, you keep getting even more value back in rewards.
www.discovery.co.za www.discovery.co.za
Your virtual card base earn rate of up to 1 Discovery Mile per R15 spent will still be determined by your Vitality Money status and Discovery Bank product. However, all purchases made using a physical card (even if linked to a digital wallet) will earn base Ðiscovery Miles at a flat rate of 1 Discovery Mile per R100.
Click to expand...
 
I don’t know why we actually care about the earn rate when you spend it’s all so low it’s pointless. Your best earn rate in actual value is 0,6% (only up to 30k) and worst is 0.1% …not really enough so care about. I spent 65K this week on one swipe and earned a huge R80 in miles value haha (0.12%!) I should have used my investec card.
 
binloud said:
I don’t know why we actually care about the earn rate when you spend it’s all so low it’s pointless. Your best earn rate in actual value is 0,6% (only up to 30k) and worst is 0.1% …not really enough so care about. I spent 65K this week on one swipe and earned a huge R80 in miles value haha (0.12%!) I should have used my investec card.
Click to expand...
The miles earn-rate is abysmal. I only use my card to reach the spending goals because I still have an iPhone benefit that requires me to meet some goals. The rest of the time and for big-ticket items, my FNB card for ebucks.
 
ab12312390 said:
The miles earn-rate is abysmal. I only use my card to reach the spending goals because I still have an iPhone benefit that requires me to meet some goals. The rest of the time and for big-ticket items, my FNB card for ebucks.
Click to expand...
Yeah same for me, actually I’m sure I will cancel once the iPhone contract is finished seeing as it’s no longer offered. Like most benefits with discovery, reduced or removed.
 
I've tried searching the forum but couldn't find the answer. Can anyone tell me the story with Discovery Bank's foreign transaction fees are when you swipe with the credit card?

- I see they say it is a 3% conversion fee when swiping non-ZAR
- Then there is a 2% fee when swiping in ZAR to a foreign bank (eg spotify, netflix, amazon, apple etc) capped at R100 (for the account I'm looking at)

My question is, when paying in USD, does the 3% fee apply as well as the 2% fee?

If it does, that is daylight robbery. I currently bank with Nedbank and only have to contend with a 2% conversion fee for non-ZAR transactions. None of this pay-in-ZAR-but-the-bank-is-foreign nonsense that most of the banks have now implemented.

Context: I need a life policy and to get the most out of Discovery you also need a bank account. I would also be on vitality because I'm fit and healthy so reaching diamond isn't a problem
 
Just saw the thread and I'll drop my 2c for those who've got a discovery credit card, beware! Friend got notification that irregular transactions going off card (Betway) and has never bought anything there etc. Immediately called in and reported transaction as fraudulent, and agent promised to flag it and get it sorted and keep her posted. After a week zero, when she phoned they eventually said something about Visa will refund it. Sure enough they did, so problem solved and got new card. Noticed this morning the funds was removed again without any notice etc by Visa, phoned in three times to get assistance or a straight answer and she eventually recorded the conversation, terrible terrible service and no other help from their side. R18,000 down the drain, she going to ombudsman.. (long story short) and closing her accounts with Discovery. Oh and she didn't buy anything on dodgy sites / links etc..
 
auditor01 said:
I've tried searching the forum but couldn't find the answer. Can anyone tell me the story with Discovery Bank's foreign transaction fees are when you swipe with the credit card?

- I see they say it is a 3% conversion fee when swiping non-ZAR
- Then there is a 2% fee when swiping in ZAR to a foreign bank (eg spotify, netflix, amazon, apple etc) capped at R100 (for the account I'm looking at)

My question is, when paying in USD, does the 3% fee apply as well as the 2% fee?

If it does, that is daylight robbery. I currently bank with Nedbank and only have to contend with a 2% conversion fee for non-ZAR transactions. None of this pay-in-ZAR-but-the-bank-is-foreign nonsense that most of the banks have now implemented.

Context: I need a life policy and to get the most out of Discovery you also need a bank account. I would also be on vitality because I'm fit and healthy so reaching diamond isn't a problem
Click to expand...
It does not like it. I have 1 USD transaction that goes off every month, and I only have 1 charge on my statement. With Apple and the rest that are ZAR based, I have the charge and then a seperate transaction for the 2%

The USD transaction is $6.50 and I was charged R127.24 (19 Feb)
 
Is anyone having the issue where you cant do transfers? The page just comes up completely blank when you click on the "Transfer" button. Doesnt work on Transaction, Credit Card or Savings account?
 
Lukcydog said:
Is anyone having the issue where you cant do transfers? The page just comes up completely blank when you click on the "Transfer" button. Doesnt work on Transaction, Credit Card or Savings account?
Click to expand...
There was an App update a day or two ago, maybe check that first. They specifically changed the layout on the transfer page.
 
Lukcydog said:
Is anyone having the issue where you cant do transfers? The page just comes up completely blank when you click on the "Transfer" button. Doesnt work on Transaction, Credit Card or Savings account?
Click to expand...
Experienced that ,just logged out and in again, it worked after.
 
Lukcydog said:
yeah, nah. Did that multiple times, restarted my phone, no change. Have to use the other way at the bottom of the screen to make it work...
Click to expand...
Had the same issue yesterday.
Had to use the method mentioned in your post.
 
Ϲhristopher said:
www.discovery.co.za

Virtual cards - reasons to start using one | Bank Blog

Virtual bank cards are super secure, convenient, simple to set up and instant to replace. Plus, you keep getting even more value back in rewards.
www.discovery.co.za www.discovery.co.za
Click to expand...

I assume the virtual credit card is linked to your normal credit card so you just need to settle your nomerla credit card correct ? (Don't see the virtual card anywhere on teh transfer between accounts page?)
 
L-Dog said:
I assume the virtual credit card is linked to your normal credit card so you just need to settle your nomerla credit card correct ? (Don't see the virtual card anywhere on teh transfer between accounts page?)
Click to expand...
Yip
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X