Discovery Bank

[Kushsterr]

Click on the transaction, you will see the earn rate. I've phoned them a few minutes ago and was told there is now a flat earn rate of 1%. I asked if there is any way to increase but she didn't know.

My flat rate is at 3.3%. Not sure how it’s calculated.

 

[Recallza]

My flat rate is at 3.3%. Not sure how it’s calculated.

Mine is 2.5%. What Money status you on?

 

[Gtx Gaming]

My rate is 2%, silver status platinum credit card.

 

[Recallza]

My rate is 2%, silver status platinum credit card.

I'm Gold status on Platinum card.. Must be based on your money status and the package you're on.

 

[Kushsterr]

Mine is 2.5%. What Money status you on?

Gold status. Black card. Looking to downgrade the card to plat/gold though.

also doesn’t seem as if my miles from prior to the implementation of the new miles system has been migrated across. I had about 12k of the old miles.

 

[twaatie]

Click on the transaction, you will see the earn rate. I've phoned them a few minutes ago and was told there is now a flat earn rate of 1%. I asked if there is any way to increase but she didn't know.

My earn rate is 3.33% platinum package, gold level

But miles earned is strange, different per transaction. Works out about R28-R31 per mile earned

So basically you get almost half the miles earned before

 

[The_David]

My earn rate is 3.33% platinum package, gold level

But miles earned is strange, different per transaction. Works out about R28-R31 per mile earned

So basically you get almost half the miles earned before

yeah mine are also all over the place. Some transaction I earn more miles for a lesser amount of spend then some times vica versa.

 

[twaatie]

yeah mine are also all over the place. Some transaction I earn more miles for a lesser amount of spend then some times vica versa.

Just rechecked

It's not R15 = 1 mile. But it's about R27-R31 = 1 mile

In my case it's. X rands spent mulitiplied by 3.33%. This miles get rounded up to give the miles per transaction .

Well that's how I work it out. Tried the call center but they take way to long to answer

 

[t_girl]

love how we have to calculate it ourselves instead of them telling us how it works.

 

[abudabi]

love how we have to calculate it ourselves instead of them telling us how it works.

Lol... welcome to discovery bank. This has been their MO since the start.

 

[Kushsterr]

Just rechecked

It's not R15 = 1 mile. But it's about R27-R31 = 1 mile

In my case it's. X rands spent mulitiplied by 3.33%. This miles get rounded up to give the miles per transaction .

Well that's how I work it out. Tried the call center but they take way to long to answer

If I try “monetize” my miles the ratio I get is R1 for every 12 miles.

 

[twaatie]

If I try “monetize” my miles the ratio I get is R1 for every 12 miles.

You are confusing the miles story a bit

To earn a mile is what I explained above

To convert miles to rands its 12 miles to a rand

 

[Matthys Geyser]

Sad part is, on the Discovery mall website, this is still advertised:

 

[citizensa]

More info on Discovery miles below
Earn rates are as follows
Black suite on Diamond vitality money status spend up to 25000 - 0.67%
Over 25000 is 0.1%
Black Credit card alone upto 25000 - 0.5%
Over 25000 is 0.1%
Earn rates are similar for Platinum and Gold but higher earn is capped at 15000 and 10000 respectively.
Also if you want convert miles to cash it’s 12 miles per rand.

 

[Matthys Geyser]

More info on Discovery miles below
Earn rates are as follows
Black suite on Diamond vitality money status spend up to 25000 - 0.67%
Over 25000 is 0.1%
Black Credit card alone upto 25000 - 0.5%
Over 25000 is 0.1%
Earn rates are similar for Platinum and Gold but higher earn is capped at 15000 and 10000 respectively.
Also if you want convert miles to cash it’s 12 miles per rand.

So if I understand this correctly if you are on Diamond with Black and you spend R25000 you will get 1675 miles = R139?

 

[beefymoocow]

More info on Discovery miles below
Earn rates are as follows
Black suite on Diamond vitality money status spend up to 25000 - 0.67%
Over 25000 is 0.1%
Black Credit card alone upto 25000 - 0.5%
Over 25000 is 0.1%
Earn rates are similar for Platinum and Gold but higher earn is capped at 15000 and 10000 respectively.
Also if you want convert miles to cash it’s 12 miles per rand.

They must of changed this recently because in July they said on their website you will get a mile for every 15 rand you spend for black cards and 1 mile for every 20 rand you spend for other cards.

 

[beefymoocow]

Does anyone want to pay me with discovery miles. Lol I wonder if I will get actual cash or miles to use?

 

[citizensa]

So if I understand this correctly if you are on Diamond with Black and you spend R25000 you will get 1675 miles = R139?

Yes that’s correct for Diamond suite.You will notice that similar spend at different times of the month has earned miles differently due to cap being reached etc.
Now this earn is not going to be much but all dynamic boosted discounts with bank like healthy food, healthy care, Healthy Gear and Fuel cash back us going to be paid in miles so it’s gonna add up quickly.

 

[Aharon]

Yes that’s correct for Diamond suite.You will notice that similar spend at different times of the month has earned miles differently due to cap being reached etc.
Now this earn is not going to be much but all dynamic boosted discounts with bank like healthy food, healthy care, Healthy Gear and Fuel cash back us going to be paid in miles so it’s gonna add up quickly.

Is the base cashback going to be paid in cash? Like HealthyFood and HealthyCare? Ie the 25%?

 

[abudabi]

A

So if I understand this correctly if you are on Diamond with Black and you spend R25000 you will get 1675 miles = R139?

Are you not missing a zero?
.67 of 25k is 16750 (or am I missing a conversion somewhere?)