Discovery Bank

[twr]

How much are you guys paying per month ? and if you have moved over to Discovery bank how much is your rewards to date (does it atleast cover the bank cost) I have one debit order of R3500 per month and my payments are under R10000 per month. I do use my Discovery credit card for around R10 k per month as well. So I will be in a low band

I Only have their cc , still won't allow me to open up a transactional acc or the 1+ dynamic acc ..I highly Doubt I'll use their banking other than their cc ,my spend band is also too low so my reward are marginal..plus the platinum acc doesn't have any lounge visits compared to other banks ,and the gym booster seems a mission to get,that's when they ever provide more information

 

[splinter_watsup]

I got my Platinum account to Diamond.
Going from Gold to Diamonds took my Fuel rewards from 9% to 15%. The extra 5% must be for Black card holders?:

In terms of Dynamic Interest rates, they hit the max
Positive Balance = 6%
Savings account rate=7%
Borrowing rate= 14.75%



I have Discivery Health, Vitality, Insure and bank.

 

[splinter_watsup]

Am I correct in saying that the flight rewards have gone down with discovery? I always used to get 35% on Vitality and now it looks like I still only get 35% with having both vitality and bank?!

Does this mean someone on Vitality health on Diamond will not get 35% anymore?

It seems to me like Discovery just took benefits away mostly and are now simply giving them back IF you take their bank offering. Nothing innovative or "New" just discovery doing what they do to force you into taking their products.

 

[James 77]

I Only have their cc , still won't allow me to open up a transactional acc or the 1+ dynamic acc ..I highly Doubt I'll use their banking other than their cc ,my spend band is also too low so my reward are marginal..plus the platinum acc doesn't have any lounge visits compared to other banks ,and the gym booster seems a mission to get,that's when they ever provide more information

I agree, I think I will also stay on their credit card only until they provide more information. Surely there must be more benefits if you have alot of products with them ie Medical Aid, Vitality, Insurance, Credit Card

 

[beefymoocow]

Am I correct in saying that the flight rewards have gone down with discovery? I always used to get 35% on Vitality and now it looks like I still only get 35% with having both vitality and bank?!

Does this mean someone on Vitality health on Diamond will not get 35% anymore?

It seems to me like Discovery just took benefits away mostly and are now simply giving them back IF you take their bank offering. Nothing innovative or "New" just discovery doing what they do to force you into taking their products.

Nope you just need to have a black card for the extra discounts in flights. Do you know how to increase your savings points. I sent them my EasyEquities portfolio statement and they still haven’t allocated me the points.

 

[twr]

I agree, I think I will also stay on their credit card only until they provide more information. Surely there must be more benefits if you have alot of products with them ie Medical Aid, Vitality, Insurance, Credit Card

I have their medical aid, insurance, vitality and their cc and still don't get much more than the standard 25% .I think the only way is to have their Balck card but yet I don't earn In that bracket

 

[twr]

I got my Platinum account to Diamond.
Going from Gold to Diamonds took my Fuel rewards from 9% to 15%. The extra 5% must be for Black card holders?: View attachment 692551

In terms of Dynamic Interest rates, they hit the max
Positive Balance = 6%
Savings account rate=7%
Borrowing rate= 14.75%

View attachment 692555
View attachment 692557
I have Discivery Health, Vitality, Insure and bank.

How did you go from Gold to Diamond money status? I'm only on silver money status yet I have their platinum cc, insurance, medical aid .
Do you have discovery invest? Or do you have a high cc spend ?

 

[SaiyanZ]

I got my Platinum account to Diamond.
Going from Gold to Diamonds took my Fuel rewards from 9% to 15%. The extra 5% must be for Black card holders?:

In terms of Dynamic Interest rates, they hit the max
Positive Balance = 6%
Savings account rate=7%
Borrowing rate= 14.75%

I have Discivery Health, Vitality, Insure and bank.

Strange that your max rates are set at that. Mine are:

Positive Balance = 6.5%
Savings account rate=7.5%
Borrowing rate= 12.25%

I'll only be able to hit Diamond in October when some cash transfers over to Discovery. Also on Platinum with same other Discovery products. Also whilst I have Insure, I don't have the Vitality Drive addon as I don't drive much. They are changing it so that people who don't drive much also get Drive rewards but that will only be early next year.

The only other difference I see is that my local flight discount goes up to 60%. Maybe related to Flight Booster?

 

[beefymoocow]

Just moved up to gold. Got a black card. It appears you only get up to 50% off international flights this includes your vitality discount. But I’m sure they said 75% off international flights or maybe it’s just local.

 

[citizensa]

Just moved up to gold. Got a black card. It appears you only get up to 50% off international flights this includes your vitality discount. But I’m sure they said 75% off international flights or maybe it’s just local. View attachment 692613

That’s great but my dynamic discounts are all very low. The day I joined it showed 44% then as I got more points to move to silver it dropped to 37 and few days back went down to 34. It doesn’t make any sense to me at all. Now I can’t see extra fuel benefit details any more on the app it used to show 9%. I have a black card with silver status

 

[Hamster]

So to get the most out of this Discovery account/card, do you reckon I just start using it instead of my FNB card and stuff will automatically happen? So far I get the idea I have to present a second card at places to get full benefits. Currently sitting on Gold, but haven’t noticed any benefit in switching yet - not even a hint.

 

[twr]

I'm just annoyed, Can they not out something on their website in a table form showing a breakdown of different cc types ,tour spend ,your money status and how to get more cash back etc?

 

[twr]

Did anyone get their Active Reward Money goal this week? I got 3 points for transactions earlier in the week and about 12 points for transactions on Thursday & Friday which haven't been awarded yet.

Also - how does carried over points work? I have 1 carried over point. Cant see what it was for.

My understanding of the weekly money goal was that if you didn't get to the target (ie 20 points) it all carried over to the next week and once you got the target you would get the extra play on the Wednesday.

I calculated I did 22 transactions last week, it says achieved( even tho the ring last week is still siting at 16.5/20) ,
the extra 2 doesn't look like it got carried over. So maybe the only carry over they do is if its less than 20 and not as well if it's more than 20?

 

[James 77]

I have their medical aid, insurance, vitality and their cc and still don't get much more than the standard 25% .I think the only way is to have their Balck card but yet I don't earn In that bracket

Same here, will skip their banking

 

[beefymoocow]

I have their medical aid, insurance, vitality and their cc and still don't get much more than the standard 25% .I think the only way is to have their Balck card but yet I don't earn In that bracket

The biggest benefits discovery offers is from Their life and retirement plan. Then comes their vitality then their bank and insurance.

 

[Gtx Gaming]

The biggest benefits discovery offers is from Their life and retirement plan. Then comes their vitality then their bank and insurance.

Some retirements funds have monthly fees last time I checked.

 

[twr]

Strange that your max rates are set at that. Mine are:

Positive Balance = 6.5%
Savings account rate=7.5%
Borrowing rate= 12.25%

I'll only be able to hit Diamond in October when some cash transfers over to Discovery. Also on Platinum with same other Discovery products. Also whilst I have Insure, I don't have the Vitality Drive addon as I don't drive much. They are changing it so that people who don't drive much also get Drive rewards but that will only be early next year.

The only other difference I see is that my local flight discount goes up to 60%. Maybe related to Flight Booster?

What type of cash when you transfer will get you you to diamond? How do you know and is it like money into their savings account or like invest/life?

 

[SaiyanZ]

What type of cash when you transfer will get you you to diamond? How do you know and is it like money into their savings account or like invest/life?

Around R200k in the Vitality Savings account. Will be different for others as I need more savings because I don't have any points for property. If I had the property points then I'd need only the base R100k savings for Diamond.

 

[twr]

Around R200k in the Vitality Savings account. Will be different for others as I need more savings because I don't have any points for property. If I had the property points then I'd need only the base R100k savings for Diamond.

I currently have savings with ABSA ,can't I upload proof of that to discovery to get the points?

 

[Aharon]

I currently have savings with ABSA ,can't I upload proof of that to discovery to get the points?

You should be able to get the same benefit, yes