-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: How much money are you willing to pay for a smartphone?
Discovery Bank
- Thread starter zerocool2009
- Start date
I also want to know about the iPhones, but as for lounges, I read somewhere that Black Card gets 6 LoungePass visits per year for international lounges.
At the very least they do advertise it as visa signature, with all those associated benefits. I haven't seen that done in SA before.
It is a bit annoying to have to figure everything out, rather than to have it published somewhere central. e.g. It looks like the international flight discount applies to just a single flight, but also isn't correctly calculating in the Kulula booking interface anyway (see below). My app shows a 50% discount on flights, but this is what I end up with. I suspect there will be some teething problems for some time still.
Small update, it appears despite the above picture that a 50% discount is being calculated.
It states (Up to 75% off local flights and up to 50% off international flights)
I only see 35% in my app? Not even the 40% on local flights I heard about?
How do the dynamic rewards work? Meaning what gets the max. On silver for health drive and money but will be health gold as 9 300 points away and gold for drive as I am 50 points away and will do the driving course. Money dunno as I am still awaiting actual card and need to complete uploads for savings.
I only see 35% in my app? Not even the 40% on local flights I heard about?
How do the dynamic rewards work? Meaning what gets the max. On silver for health drive and money but will be health gold as 9 300 points away and gold for drive as I am 50 points away and will do the driving course. Money dunno as I am still awaiting actual card and need to complete uploads for savings.
So you only get one booking for the 50%
I'm on disc platinum and get zero lounge visits,I'm thinking to move to FNB open up a cheap platinum cheque ACC which entitles me to get a global account (only like 20$ for the annual card) and gives 10 international lounge visits with lounge key,
I'm very disappointed with discovery, who knows when the disc miles will be out as I'm not earning anything,my spend band is low and don't really get extra off and paying the R30 vitality money monthly fee
Update on Discovery dynamic discounts! This is what I understood from my conversation with them
Dynamic discounts are tiered based on the following
Account type: Gold , Silver , Black card etc
Then your Current Money Status
Blue, Bronze, Silver, Gold, Diamond etc
Then your spend Band
Band 0: low spend may be below 12500(I am not sure )
Band1: Between 12500-17500
Band 2: Between 17500-25000
Band 3: Between 25000-40000
Band 4: Above 40000
So if you wanna get most dynamic discounts you should have Black card on Diamond status with spend band above 40000
As far I see the most weight goes for spend band it doesn’t help much even if you have a Black card with Diamond status but very low spend. Only way to higher discounts is higher monthly spend
Dynamic discounts are tiered based on the following
Account type: Gold , Silver , Black card etc
Then your Current Money Status
Blue, Bronze, Silver, Gold, Diamond etc
Then your spend Band
Band 0: low spend may be below 12500(I am not sure )
Band1: Between 12500-17500
Band 2: Between 17500-25000
Band 3: Between 25000-40000
Band 4: Above 40000
So if you wanna get most dynamic discounts you should have Black card on Diamond status with spend band above 40000
As far I see the most weight goes for spend band it doesn’t help much even if you have a Black card with Diamond status but very low spend. Only way to higher discounts is higher monthly spend
Is the reference to Diamond status your Vitality status, or a new metric that is unique/specific to the banking side?
Black card is salary dependent I think over R750k per year
But yes even having the best card or higher money status like diamond means very little if your below spend band. This is why I'm loosing interest
Gtx Gaming
Gtx Gaming
Swipes only and online.
Never mind the spend thresholds. What I want to know is what we'll get for the spend itself, in place of discovery miles. No point in redirecting all my cc spend over to this card, on the promise of something coming later in the year. What is it? What will be the earn rate and conditions? What will it be worth at redemption?
I may have been naive to to have thought that this would already be in place when I made the switch, but what is the plan to make up for the current gap on folks' current spend?
I may have been naive to to have thought that this would already be in place when I made the switch, but what is the plan to make up for the current gap on folks' current spend?
Also, kudos for the money status updating and reflecting within a day, but since it's dynamic, how are cash back benefits counted? Status on the day of spend? Status maintained throughout the month? Status on the last day of the month?
Discovery miles is not coming back as far as I understand but they are gonna introduce e money or something like it later
For now your benefit will be cash back on healthy food, healthy care, healthy gear which can be up to 50-75% and discounted airline bookings etc
FNB global account gives you visa signature with lounge access for 20 usd per year just need a FNB Cheque account
Mark my words . Discovery banking is expensive and not bang for buck and not really that amazing as will have loads of bugs .They had a niche with vitality but it is not the same in banking . If you spending 40k a month on a credit card there are currently better options in the market
Since joining i've been on silver money status so I then went and uploaded all the required documents over a week to show I have savings with other institutions, I'm still sitting on silver money status , has anyone who has done this and was moved up a status know how long it took?
I just set up a beneficiary at ABSA and did an eft took a day to reflect
But there is no "for now" if that's dependant on cc spend for the month. A month has to pass without the benefit of the reward or the discount? Or am I missing something?
Also, all these benefits without upfront detail is BS. They say discounted flights - then you discover it's only 1 flight a year and 2 domestic one-ways per year. It's dangerously close to overpromising and under-delivery in my books.