Discovery Bank

amabacha said:
I see one of the account features of Discovery Bank is "You also get enhanced payment features including tap and go, Fitbit Pay, Garmin Pay and Samsung Pay"

Given that I need to get a new fitness watch now that TomTom support is ending, I was wondering if anyone has a FitBit/Garmin/Samsung wearable that they use regularly for contactless payments?

Given that a device with contactless payment will likely be a more expensive one - is it worth it?
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I'm with Investec which supports Garmin and Samsung. I use the Garmin more than my phone tbh. I've never had a transaction fail on either of them though.

I'm not sure which Garmin devices support pay (I've got the 945) but the ones that I know of are the top-end watches (Marq, some of the Fenix 5 range) which are pretty expensive (like R10k and up). Honestly, not worth it just for the ability to pay but it depends on what sort of fitness watch you need. If you were looking at a top-end watch anyway, there's no harm in getting one that supports it.
 
amabacha said:
I see one of the account features of Discovery Bank is "You also get enhanced payment features including tap and go, Fitbit Pay, Garmin Pay and Samsung Pay"

Given that I need to get a new fitness watch now that TomTom support is ending, I was wondering if anyone has a FitBit/Garmin/Samsung wearable that they use regularly for contactless payments?

Given that a device with contactless payment will likely be a more expensive one - is it worth it?
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I use Samsung Pay on my watch and phone. The nice thing with Samsung Pay is that it works anywhere because it uses NFC and MST (Replicates a card swipe). I literally never use my card now but you do get issues with Nedbank terminals.

If you looking at a Samsung smartwatch, get the Gear S3 since it has MST + NFC. Samsung SA disables the MST paart but there is a workaround to get it working again. The newer watches only have NFC.
 
S3XY said:
How do you proof to them your insurance / life cover? Can you send them your salary slip / company group life policy and then they review it and give you a score? Same with pension fund contributions?
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Not exactly sure how they do it. I never had to submit any docs to get the points. Apparently there are companies that already have all your insurance and investment info. When signing up you have to agree to Discovery accessing this info.

Also when signing up you have to input your monthly salary (which also determines which accounts you can access). They never asked me for proof of that as well. Not sure if this is still the case.
 
S3XY said:
Any info on a % of cashback on everyday spend at non partner stores? I think discovery miles is something like 0.66% at non partner stores (1 mile / R15 = R0.10 value). This would be a deal breaker when comparing with eBucks as their partner store rewards will only get you about half way to eBucks.
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It’s not that bad. I get the mile multiplier of 10x. Which makes it 6.66% back in miles. Although it’s for partner stores. I use the miles to boast my retirement which has a x4 effect. So I get about 25% back in my spend. And this excludes my healthyfood/gear cash backs. It also excludes extra vitality points I get for buying healthy food. Once a year 50% of your vitality points gets converted to miles. So In effect you probably get about 55% back at pick n pay. This could jump up to 85-90 percent back if you join their bank.

The biggest concern is that they limit miles at 10000.
 
beefymoocow said:
It’s not that bad. I get the mile multiplier of 10x. Which makes it 6.66% back in miles. Although it’s for partner stores. I use the miles to boast my retirement which has a x4 effect. So I get about 25% back in my spend. And this excludes my healthyfood/gear cash backs. It also excludes extra vitality points I get for buying healthy food. Once a year 50% of your vitality points gets converted to miles. So In effect you probably get about 55% back at pick n pay. This could jump up to 85-90 percent back if you join their bank.

The biggest concern is that they limit miles at 10000.
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I also used Discovery miles, while on Diamond. I am not a big 'partner' store shopper, so I stopped using miles as I only got that 0.66% back at the "other" stores. My thought is, should I only use the Disc. Bank credit card at the partner stores and then use FNB Credit Card everywhere else, since the 2.5% seems like a better reward or do you think they will have something else planned for the other spend (or maybe 0% :mad:) . I spend less than 10% of all my spend at partner stores.
 
S3XY said:
I also used Discovery miles, while on Diamond. I am not a big 'partner' store shopper, so I stopped using miles as I only got that 0.66% back at the "other" stores. My thought is, should I only use the Disc. Bank credit card at the partner stores and then use FNB Credit Card everywhere else, since the 2.5% seems like a better reward or do you think they will have something else planned for the other spend (or maybe 0% :mad:) . I spend less than 10% of all my spend at partner stores.
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That’s also what I do. I have FNB n discovery. Only use discovery for partner stores and ad hoc expenses. But I wouldn’t cancel my discovery card since the benefits still out weigh the cost. So I keep both.
 
SaiyanZ said:
Not exactly sure how they do it. I never had to submit any docs to get the points. Apparently there are companies that already have all your insurance and investment info. When signing up you have to agree to Discovery accessing this info.

Also when signing up you have to input your monthly salary (which also determines which accounts you can access). They never asked me for proof of that as well. Not sure if this is still the case.
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Yes - Astute, Lightstone etc - see slide from the Discovery Bank update presentation last week:

science.JPG
 
ECHLN said:
Must be nice lol
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Well I'll have to see ,seems a lot of understanding and will have to see what I need to do to get all these " up to %" off .I wonder if there is a dedicated disc bank contact number?
 
So I phoned them.it seems you need to earn more than 750k per year for the black card...dam as it's the only card available for lounge visits as the platinum doesn't have
Plus it's the only card with the 50% off for international flights..dam

So does one have to get a transactional account to get all the cash backs or is a cc sufficient?


And according to a Facebook query I asked if the 100% gym back is for premier membership and they said yes, which is great provided you meet their monthly money goals and the gym membership fees are being deducted for the discovery Bank wether from their cc or from their bank .
 
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Anyone know what happens to the exsisting Discovery Account thats listed in FNB? I know the card is cancelled but what about the account?
Is it up to us to now settle and close or will exsisting "debt/transactions" be transfered and the account closed by Discovery?
 
The_David said:
Anyone know what happens to the exsisting Discovery Account thats listed in FNB? I know the card is cancelled but what about the account?
Is it up to us to now settle and close or will exsisting "debt/transactions" be transfered and the account closed by Discovery?
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The FNB account gets closed and transactions are migrated to Discovery automatically. So if you owed FNB R1000, you now owe Discovery R1000. As soon as you activate your Discovery Bank card, the FNB card gets deactivated.
 
ies87 said:
The FNB account gets closed and transactions are migrated to Discovery automatically. So if you owed FNB R1000, you now owe Discovery R1000. As soon as you activate your Discovery Bank card, the FNB card gets deactivated.
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Thanks. Maybe it takes a while. Hasnt happened on my accounts yet. Clean Slate on new account :cool:
 
So I am not awaiting my delivery for my platinum card.I'm only seeing flights discounts at 35% nothing about healthy gear etc
 
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Does anyone here (who have gone through the onboarding process and may have asked Discovery this) know what the rules/restrictions are around upgrading from one suite to another i.e. sign up for Gold card suite now and upgrade to Platinum/Black suite later?
 
amabacha said:
Does anyone here (who have gone through the onboarding process and may have asked Discovery this) know what the rules/restrictions are around upgrading from one suite to another i.e. sign up for Gold card suite now and upgrade to Platinum/Black suite later?
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When I applied it only gave me the option of a platinum card, I can also open up the fee savings account and fixed term accouo, but when I try to open up the 1+ account/transactional acc nothing happens? It doesn't even say suite account .. confused
 
jun_tao said:
A side note, I did a small payment to my card yesterday just to test.

Paid R100 from my fnb at about 15:45, got a notification at 19:00 saying the money was paid into my discovery card from discovery.

Hopefully it will be quick with all the banks.
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I Did the same at similar times and similar result. However at around 8pm last night did a "Payment" of R2000 and the money is still not reflecting in discovery.
 
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