Discovery Bank

twaatie said:
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
Click to expand...

If I try “monetize” my miles the ratio I get is R1 for every 12 miles.
 
Kushsterr said:
If I try “monetize” my miles the ratio I get is R1 for every 12 miles.
Click to expand...
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
 
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.
 
citizensa said:
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.
Click to expand...
So if I understand this correctly if you are on Diamond with Black and you spend R25000 you will get 1675 miles = R139?
 
citizensa said:
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.
Click to expand...

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.
 
Does anyone want to pay me with discovery miles. Lol I wonder if I will get actual cash or miles to use?
 
Matthys Geyser said:
So if I understand this correctly if you are on Diamond with Black and you spend R25000 you will get 1675 miles = R139?
Click to expand...

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.
 
citizensa said:
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.
Click to expand...
Is the base cashback going to be paid in cash? Like HealthyFood and HealthyCare? Ie the 25%?
 
A
Matthys Geyser said:
So if I understand this correctly if you are on Diamond with Black and you spend R25000 you will get 1675 miles = R139?
Click to expand...
Are you not missing a zero?
.67 of 25k is 16750 (or am I missing a conversion somewhere?)
 
I am Gold status on Platinum Suite. My earn rates range between 1% and 3.333%

Given that Discovery has said it wants to promote "responsible spending" I think the information below the earn rate is also important to note into how possibly the earn rate shifts?

So my first transaction in October is fuel at Shell for R809.30 for which I earned 27 D Miles

- Spend threshold before calculation: R0.00
- Spend threshold after calculation: R809.30
- Spend threshold reached: no

I still have to look back at previous months transactions but it seems you earn a better rate until you reach the "spend threshold" and then the earn rate drops
 
amabacha said:
I am Gold status on Platinum Suite. My earn rates range between 1% and 3.333%

Given that Discovery has said it wants to promote "responsible spending" I think the information below the earn rate is also important to note into how possibly the earn rate shifts?

So my first transaction in October is fuel at Shell for R809.30 for which I earned 27 D Miles

- Spend threshold before calculation: R0.00
- Spend threshold after calculation: R809.30
- Spend threshold reached: no

I still have to look back at previous months transactions but it seems you earn a better rate until you reach the "spend threshold" and then the earn rate drops
Click to expand...

Your earn rate is between 0.33% and after you hit your cap of 15000 it’s 0.1%
 
beefymoocow said:
Does anyone want to pay me with discovery miles. Lol I wonder if I will get actual cash or miles to use?
Click to expand...
Imagine if they start giving us reward/redemption discounts like eBucks and we can trade these miles so freely! At this rate, I could see a future where they sell these miles at a certain price too. It's clear they want to make it more like a fungible currency.
 
The part that really makes me want to weep is that at today's exchange rate, the iPhone 11 is just R10 000 and some change in the US. Can't they just get these directly from Apple, without the iStore premium
 
citizensa said:
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.
Click to expand...
Let's hope and see. So far so ****
 
beefymoocow said:
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.
Click to expand...
Yes I remember seeing this and now its changed.

So is it only next year where we can redeem miles on the money points like 25 points for Vida eg or the 40 on Kauai smoothies? I can see you can generate a QR code to spend your miles
 
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