Overdrafts are also classified as "revolving credit" and, as far as I have seen, have a very similar risk profile to credit cards. So I'd guess the rates would be about the same unless they are trying to incentivise you to use one rather than the other.
-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: Most interesting or lesser-known inventions by South Africans?
Discovery Bank
- Thread starter zerocool2009
- Start date
Right now that's looking like a blessing in disguise folks. On the inside it's still plenty of confusion and teething issues. Wish I had waited for things to settle down.
I agree as well, wish I never signed up so quickly, main thing being is than I earned 0 miles last month and will only start earning when their new miles starts next month which will probably be delayed
llewellynr
Member
Any idea what sort of behaviour the "Responsible Spending" money goal is meant to encourage? It looks like a logarithmic scale, i.e. if you spend less more frequently you accumulate points faster than if you spend on big ticket items. I feel like that encourages more frivolous spend. Or weird irrational behaviour (instead of buying my weekly groceries for 2pts, i can loop back through the till 10x over buying 1 box of cereal at a time for 10pts). I feel like the actual goal is to make you swipe more often, which in turn generates better swipe transaction fee revenue (or similar). There's always an ulterior motive to benefit one of Discovery's partners.
Its likely the same all places offer via TIC so likely the same as the one you would have.
Did this exercise a few months ago. The travel insurance from the card only covers none medical claims. To be covered medically you'll need their medical aid as well.
Hamster
Resident Rodent
- Joined
- Aug 22, 2006
- Messages
- 45,954
- Reaction score
- 18,436
It's Bankserv and I believe the cut off time is around about 17:00 for it to reflect the next day. But is stand to be corrected.
ECHLN
Senior Member
- Joined
- Sep 22, 2017
- Messages
- 745
- Reaction score
- 322
It still hasn't reflected into my account. Maybe its because my card isn't delivered and activated yet? Which would be very odd.
Hamster
Resident Rodent
- Joined
- Aug 22, 2006
- Messages
- 45,954
- Reaction score
- 18,436
If made the payment last night after the cut off time it will count as being part of today's transactions which means you should see it tomorrow morning
ECHLN
Senior Member
- Joined
- Sep 22, 2017
- Messages
- 745
- Reaction score
- 322
Alright. Thank you
Did Anyone’s dynamic discount change. My potential discount of 50% changed to 75% for international flights. I’m more confuse. At first I thought it was 75% then saw somewhere it’s only 50% now it’s saying i could get 75% off. They ain’t lying about the dynamic discount bit. It’s always changing.
But can you only buy 1 international flight? Or (like Discovery's Platinum card and Vitality) can I buy 2 tickets each per year for myself and all members of my family?
Adenoid Hynkel
Executive Member
https://www.discovery.co.za/bank/vitality-money-rewards
Up to... Up to... Up to...
Someone please lay out what one can earn back on pnp/woolies and fuel at X level.
Up to... Up to... Up to...
Someone please lay out what one can earn back on pnp/woolies and fuel at X level.
And whether you need a credit card. I was told no dynamic discounts without a credit card. Yet I can see the flight discount (only)
My Nedbank account gives me Priority Pass membership - there is a lounge (sometimes 2 or more) at just about every single international airport I've been to. 100% free as part of the offering. Bidvest for local lounges, but those are the most disappointing.
Do you know what the requirement is to get to Diamond on Black or Platinum?
Also, do you know what the requirement is to get the 75% international flight discounts?
Thanks.
Nedbank Private Wealth, its either linked to the Platinum credit card or the Amex, not sure, but both included as part of the package. Off the top of my head, I've used lounges in the following airport/cities: Dubai, Paris, Barcelona, London, New York, Orlando, Mauritius, Singapore, Amsterdam, Frankfurt, Dusseldorf, Larnaca, Zurich and some others... they were all pretty good, at least as good as Bidvest, and some MUCH better. I get a card and so does my wife, we take our daughter in with us and have never been billed extra for the 3rd person.
https://www.prioritypass.com I suspect they give us the Prestige level as I've never been asked to pay or told I'm reaching any limits.
Edit: I wanted to add... I had to ask for this service when we upgraded our accounts with Nedbank several years ago - and I must say, it is the single most valuable feature/benefit I get from them
Dependent on your personal stats. You want to fill in all those bars for the metrics like debt, savings, retirement etc. You need 80 000 points for diamond. Personalised, because full savings points are realised at around 3x salary as I understand it.
Priority Pass and LoungePass have mostly overlap in terms of the lounges covered. If unlimited access, then it's probably tied to your Amex.
I looked at this card once and was totally put off when I realised that the points earned here are not equivalent to Amex points internationally. Nothing quite puts me off like a bit of downward differentiated service for South Africans.