Nope.. queried it about a month ago on facebook and they said they'll let us know when they are ready.
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Discovery Bank
- Thread starter zerocool2009
- Start date
nullv
Active Member
- Joined
- Jan 5, 2018
- Messages
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Hi
From what i got gym booster will still work when you move. However, they give you an option (they try to shove it down your throat actually) to move from Vitality Health Gym Booster to Vitality Money Gym Booster which works differently by taking the *full* gym fee from your account and then refunding you back your money to the Vitality Savings Account. If you don't opt in you stay on VH Gym Booster.
VG008
Senior Member
It’s R120pm
Attachments
Yup.. R120pm but as sales guy said they didn’t add yearly increases so not bad i guess
Slight decrease on interest 18.75-20.50
Thank you for contacting Discovery Bank.
In order to qualify for the gym booster benefit from Discovery Bank you need to switch your monthly payment to your Discovery Bank Account.
Once the payment order has been changed to your Discovery Bank account your chosen gym partner will deduct the full amount monthly.
The cash back will be based on five factors, your vitality health gym booster (75%), The colour your card the spend on your card (25%), your vitality money status and whether or not you have the full banking suite.
Vitality Health
· You need to have 36 visits (high usage) within a 12 month rolling period.
· If you have less than 36 visits (low/medium usage), you will only receive 50% cashback on your Vitality gym benefit and you will not qualify for the Bank portion of the cashback until they meet 36 visits within a 12 month rolling period.
The Under Utilization run only starts around the 5th of the month to cater for late events
Card Spend
In order to qualify for the gym booster benefit from Discovery Bank you need to switch your monthly payment to your Discovery Bank Account.
Once the payment order has been changed to your Discovery Bank account your chosen gym partner will deduct the full amount monthly.
The cash back will be based on five factors, your vitality health gym booster (75%), The colour your card the spend on your card (25%), your vitality money status and whether or not you have the full banking suite.
Vitality Health
· You need to have 36 visits (high usage) within a 12 month rolling period.
· If you have less than 36 visits (low/medium usage), you will only receive 50% cashback on your Vitality gym benefit and you will not qualify for the Bank portion of the cashback until they meet 36 visits within a 12 month rolling period.
The Under Utilization run only starts around the 5th of the month to cater for late events
Card Spend
- Local gym membership - Get up to 25% cashback when you spend more than R45 000 in a month.
- National/Premier gym membership - Get up to 15% cashback when you spend more than R45 000 in a month.
Thanks for this. My current gym discount + Active Rewards gym booster means I currently get 100% gym costs back.
Im hesitant to move over too soon till the bank gremlins are sorted out and the "up to 100%" requirements are clear.
The corresponding Platinum number is R17 500. This applies to other dynamic rates and rewards too I think , not just the flights
R45000 a month cc spend for gym booster? They must be kidding ,I won't be able to utilise much of these up to % cash back purely as I don't spend enough on my cc? More and more disappointed, will wait to see more about their miles program if not I'm out
I currently understand it as :
1. The cards colour - (Gold, Platinum, Black) - is allocated by your salary/income - You need to earn R850K to be Black.
2. You get Vitality money status - ( Blue, bronze, gold, diamond) is based on your money health - debt management, retirement, saving, insurance, property. You need 100 000 points from Diamond. Not money gold for 3 years.
3. The discounts are based on card colour (1) and status (2) and spending bands (3).
4. You then get weekly goal and goal points - but mine is not active - so I have no idea if this is just for picking a weekly reward tile or counts to wards vitality money status.
It is so complicated that Discovery is still looking for a way to explain it - that is why the brochure is not available
They appoint the Malusi Gigaba's Director General of Home Affairs into the bank and wonder why its not going so well. https://www.businesslive.co.za/bd/n...ffairs-director-general-mkuseli-apleni-quits/
lws
Well-Known Member
Which colour card is this for? Platinum?
They could so easily show this in a table...
I think diamond requires 80k points
nullv
Active Member
- Joined
- Jan 5, 2018
- Messages
- 40
- Reaction score
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Spend R45000 to get R250 back? Madness!
No 80000 points to reach gold then after that you should have 100000 in savings with them to be upgraded to Diamond
Yes, you're right. Apologies for the confusion, but yes, these rules are very confusing and not spelled out anywhere.
llewellynr
Member
So frank question.. what's the best way to game the card spend points with the least weekly admin? because lets be honest, there's no actual "healthy banking behaviour" that's encouraged to get your rewards so I just want to get my extra weekly chance to claw back R25+. (without it costing me more than R25)
- fill up with petrol one or more times a week (time wasting)
- buy prepaid elec in small increments (not sure if this results in a kWh rate penalty)
- get the PnP teller to ring up your groceries in batches (is going to annoy people).
- buy lots of R50 Takealot vouchers. (Redeem it on toilet paper or some other essentials)
Well that's what I tried, I fill up R50 at BP several times ,it's on my way,
Groceries I try split them,
If I'm with ppl who were going to pay cash I swipe for them and take their cash.
It's such an effort that has given me a whopping 25 points,I now couldn't care, how this is supposed to be responsible spending is beyond me?
lws
Well-Known Member
Thanks. Was wondering what the rebate on the national gym membership was going to be on the black card.