The Discovery Bank Black Card is a valuable tool for those who want to elevate their finances to a superior level. Among its benefits, this Visa Signature offers: Up to 50% back when purchasing HealthyFood and HealthyCare at eligible stores; Up to a 50% discount on international flights; Up to 15% back on Uber rides and fuel (BP and Shell); Access to more than 1 200 luxury airport lounges; Up to 30% when using Discovery Miles to make purchases; Access to Dynamic Interest Rates program in which you can save more while paying less; Travel coverage and global concierge service. Also, you can get up to 55 days of free interest on eligible transactions, besides the comprehensive and interactive package of banking features.

The Discovery Bank Black Card charges a monthly fee of R220, which is composed by: Monthly service fee: R130; Monthly Vitality Money premium: R55; Monthly single credit facility fee: R35; Also, it charges: Monthly additional and secondary physical cards: R40; Monthly additional credit card accounts: R40; Cash withdrawals – local ATM – R5 plus 2.25% of withdrawal amount / local POS – R2 / international ATM – R80; Debit orders: R3.75; Digital payments: R2.50; Health Pay payments: Free; Contact Payment: R2.50; Prepaid products and services purchases and POS purchases – local and international: Free; Cash deposits (Pick n Pay and Boxer stores): R19.95 per R5,000; Inter-account transfers, balance enquiry (ATM), payment notifications, and own account notifications: Free; Furthermore, a currency conversion fee of 2.75% and a first card replacement fee for free.

To qualify for The Discovery Bank Black Card, you must: Earn at least from R850 000 to R2.5 million annually; Be at the age of majority; Provide valid South Africa ID documentation. Further information is available on the official website.

Dynamic Interest Rates are a way you can save more and pay less. Through this program, you can get up to 4.5% interest on positive balances, up to 5.5% on-demand savings, and up to 4% less on borrowing rates.