Discovery Bank

Snyper564 said:
Hey guys, what is discovery banks instant pay limit per transaction and per day? Also possible to open transactional account without CC. Can this be done on the app etc?
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Yes you can just open a transactional account without a credit card. I have the black transactional account so I get unlimited instant pays. You should be able to open a transactional account but it'll be linked to your CC if you make it a Suite account
 
ECHLN said:
Yes you can just open a transactional account without a credit card. I have the black transactional account so I get unlimited instant pays. You should be able to open a transactional account but it'll be linked to your CC if you make it a Suite account
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unllimited instant pays with no cap/daily cap? FNBS are R350k a day what is it here, no cap? Can I open this all on the app with no issue?
 
Snyper564 said:
unllimited instant pays with no cap/daily cap? FNBS are R350k a day what is it here, no cap? Can I open this all on the app with no issue?
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There is a fair usage policy but there aren't any hard figures to go by. You'd probably have to call Discovery to find out what those are.
 
ECHLN said:
There is a fair usage policy but there aren't any hard figures to go by. You'd probably have to call Discovery to find out what those are.
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Ah ok great happy to pay for all no issue the caps mean more to me, but sounds like there are none
 
Applied via app, anyone knows how long the accounts take to open? Just transactional
 
Not sure how monthly interest charges are worked out as I normally pay my full amount
But does this sound right:

My closing balance was R15134.00 on 7 march
I paid R15000 on the 23 march (before the due date.

I was charged debit interest of R228.47 on 7 April

So i short paid by R134.00 how can I be charged R228.47 of interest?
 
Correct it has full amount otherwise you get charged interest in full outstanding amount. This is how it works on all credit cards. Even if you pay R1 less than due amount, you pay for interest on everything.
 
twr said:
Not sure how monthly interest charges are worked out as I normally pay my full amount
But does this sound right:

My closing balance was R15134.00 on 7 march
I paid R15000 on the 23 march (before the due date.

I was charged debit interest of R228.47 on 7 April

So i short paid by R134.00 how can I be charged R228.47 of interest?
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Credit card interest is charged on total amount used , not amount oustanding .
So interest not calculated on R134 left but on total used , since you didn't square up the account
 
Hi all I have two questions:

1. Does the CC and the normal card both earn "miles" or only the CC?
2. Is there a base rate for earning on the black card? For example with jumping through no hopes 1 mile per R15 something like this?

Where can I find this info in more detail?
 
Gtx Gaming said:
Correct it has full amount otherwise you get charged interest in full outstanding amount. This is how it works on all credit cards. Even if you pay R1 less than due amount, you pay for interest on everything.
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Wow okay I want aware,thanks I normally pay full amount but made a mistake this time. Okay so I get charged interest on the full amount,thanks for letting me know

Interesting tho I did get R50 dynamic interest put into my cc at 4,% first time I've sent that
 
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