Discovery Bank

Got my Iphone yesterday. It's a very quick easy process at the IStore. It was the first time they had to do it and they were able to complete the transaction in less than 5 minutes.

719862
 
Spoke to a Discovery Bank consultant now, she is clueless around the model as well. We will apparently get feedback before the end of the week in terms of how it actually works etc. but I have also only received base miles which are pretty much nothing without the multipliers even with me being on gold money status and diamond health........
 
Maximus03 said:
Spoke to a Discovery Bank consultant now, she is clueless around the model as well. We will apparently get feedback before the end of the week in terms of how it actually works etc. but I have also only received base miles which are pretty much nothing without the multipliers even with me being on gold money status and diamond health........
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I agree without miles.multiplyer I have lost interest in dMiles.
 
Does anybody know if trade-ins are offset against the iPhone benefit? I know the iPhone is funded in full from available credit and rebated monthly based on goals achieved, but what happens to the trade in value? I can get R11,500 from iStore for my current phone and they don’t do cash payments anymore as far as I know...
 
abudabi said:
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But the answer to your exquation is 167.5. Or is that a rand/miles conversion.
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Agree with you. My earn rate is 6.67% and not 0.67%. Black suite on diamond money status. It is pretty simple to check, the app tells you the earn rate. I earned 223 miles on a R3347 transaction yesterday, that gives 6.67% and not 0.67%.
Converting miles to R (divide Miles by 12 I think) results is an effective R19 which means I get back 0.55% back on the R3347 spent
 
amabacha said:
What changes if you reach Diamond status? Earn rate or cap/threshold?
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I exceeded R15 000 spend level last month and my earn rate remained at 6.67% for transactions after exceeding R 15 000 spend. Diamond status black suite.
 
Koosvanwyk said:
I exceeded R15 000 spend level last month and my earn rate remained at 6.67% for transactions after exceeding R 15 000 spend. Diamond status black suite.
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0.67% is the rand earn rate as miles are valued at 10:1
Limit on the black suite is 25000 that’s why you continued on higher earn
 
If I pay my utility bill at pick n pay, will this fall part of my monthly spend band? And will I pay an extra charges/interest onto my cc Like it were if I draw cash from my cc?
 
Finally went to Diamond status today as the 3 months withdrawal notice on my ABSA savings was up.

Nice 7.5% interest on instant access savings which is better than other banks and not limited to R100k. Limit is R10mill I think. Combined with the other things like miles and weekly rewards they are paying me to bank with with them.

Have the Platinum account.
 
SaiyanZ said:
Finally went to Diamond status today as the 3 months withdrawal notice on my ABSA savings was up.

Nice 7.5% interest on instant access savings which is better than other banks and not limited to R100k. Limit is R10mill I think. Combined with the other things like miles and weekly rewards they are paying me to bank with with them.

Have the Platinum account.
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How did you send them your extra savings? Via the app or sent them an email? I've been trying to go from silver to gold ,sent them all my documents,they replied to say I have the extra points but my app still shows old points,more than two months waiting
 
twr said:
How did you send them your extra savings? Via the app or sent them an email? I've been trying to go from silver to gold ,sent them all my documents,they replied to say I have the extra points but my app still shows old points,more than two months waiting
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I transferred the actual money across. EFT from ABSA account. Went straight from Silver to Diamond as my savings and property goals maxed out.
 
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citizensa said:
0.67% is the rand earn rate as miles are valued at 10:1
Limit on the black suite is 25000 that’s why you continued on higher earn
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Monetizing the miles into R using the banking app results in 12 miles to R1 ratio as opposed to 10 to R1
 
beefymoocow said:
How much were they gonna charge you a month. Because when I upgraded just now. it says the monthly fee is R440 inclusive of everything including vitality money.
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I did add this suite transaction Acc apparently it’s not the full suite as they claim now so I am only eligible for credit card cash back on iPhone benefits and not for full suite.What is your iPhone benefit showing after adding this Acc.?
 
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