Discovery Purple Card

hellfire

hellfire

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Anyone here lucky enough to own one?
I believe there are a few hundred in issue.
The benefits are outstanding (besides being an exclusive card like an Amex Black).
Free business class flights every year; massive discounts at a variety of stores.

Discovery obviously doesn't punt this; it's invite only. Hence the lack of information on the web.
 
If I had a Discovery Purple Card, I could think of better things to do than post about it here!
 
Not me, but I'm looking at one right now...within my grasp
 
Never makes sense to me that the richest people get the biggest discounts. That seems completely counter intuitive to me.
 
SauRoNZA said:
Never makes sense to me that the richest people get the biggest discounts. That seems completely counter intuitive to me.
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Because the companies that provide credit cards make money when you spend using them. If a purple card holder spends R250 000 per year, and you get 5% of that, you are getting far more than if a platinum card holder spends R50 000 per year. So you can afford to give the purple card holders a bigger discount, and in fact you need to, because otherwise they will just take their business elsewhere.
 
SauRoNZA said:
Never makes sense to me that the richest people get the biggest discounts. That seems completely counter intuitive to me.
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Incentive to spend more as Ancalagon said. I used to use my Purple card extensively until I upgraded.
 
TehStranger said:
Incentive to spend more as Ancalagon said. I used to use my Purple card extensively until I upgraded.
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To.. to what? The

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Ancalagon said:
Because the companies that provide credit cards make money when you spend using them. If a purple card holder spends R250 000 per year, and you get 5% of that, you are getting far more than if a platinum card holder spends R50 000 per year. So you can afford to give the purple card holders a bigger discount, and in fact you need to, because otherwise they will just take their business elsewhere.
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Makes sense when you consider card fees yeah.

I was thinking rich people don't pay interest so how do they make any money, but that does make more sense.
 
SauRoNZA said:
Never makes sense to me that the richest people get the biggest discounts. That seems completely counter intuitive to me.
Click to expand...

Ancalagon said:
Because the companies that provide credit cards make money when you spend using them. If a purple card holder spends R250 000 per year, and you get 5% of that, you are getting far more than if a platinum card holder spends R50 000 per year. So you can afford to give the purple card holders a bigger discount, and in fact you need to, because otherwise they will just take their business elsewhere.
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Invest a few tens of millions through Discovery Invest and they make a lot of cash through you in that business.
 
I've never heard of it and can't seem to find out anything about the benefits or qualifying criteria online. Anyone got a link so I can drool :)
 
Spizz said:
I've never heard of it and can't seem to find out anything about the benefits or qualifying criteria online. Anyone got a link so I can drool :)
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1 bar income per year afaik...about the same as all the exclusive cards in the market.
 
Nerfherder said:
Explain how less buying power adds the most value ?
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No I was thinking about it regarding interest rates on credit. Meaning that you'd make more money off people desperately buying on credit than the rich who got there by not burning on credit.

But as was explained not he card fees it makes a whole lot of sense.
 
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