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The Discovery Bank Black Card review: world-class services
Are you looking for exclusivity and rewards? Then, The Discovery Bank Black Card review is worth reading. Check out how to get access to spectacular world-class banking!
by Aline Augusto
The Discovery Bank Black Card: up to 50% back on your favorite brands
The Discovery Bank Black Card review gathers important information about a fantastic card and excellent banking services, so you can balance the pros and cons and apply for it!
How to apply for The Discovery Bank Black Card?
Learn how to apply for The Discovery Bank Black Card and enjoy the complete list of advantages, including rewards, travel coverage, and more!
Before continuing, find out the main points about this Visa Signature right below!
| Requirements | Annual income from R850 000 to R2.5 million |
| Initiation Fee | R150.00 if the limit is less than R2,000, else R185 (Once-off single credit facility initiation fee) |
| Monthly Fee | R130.00 |
| Fees | Monthly Vitality Money premium: R55; Monthly single credit facility fee: R35; Monthly additional and secondary physical cards: R40; Monthly additional credit card accounts: R40; Prepaid products and services purchases: Free; POS purchases – local and international: Free; Balance enquiry (ATM): Free; Payment notifications: Free; Own account notifications: Free; Currency conversion fee: 2.75% and more. |
| Rewards | Up to 50% back at Pick n Pay or Woolworths (HealthyFood products); Up to 50% at Clicks or Dis-Chem (HealthyCare products); Up to 15% back on Uber rides; Up to 15% back on fuel (BP and Shell); Get 10 Discovery Miles for each R1 reward you earn back; Up to 30% off when using Discovery Miles, and more. |
Now, take a look at how this card works and learn everything you can earn by adding it to your wallet!
How does The Discovery Bank Black Card work?
As shown before on The Discovery Bank Black Card review, this Visa Signature gathers superior advantages for its exclusive cardholders.
Although it charges an R220.00 monthly fee, it delivers a lot!
Among its main benefits, you can earn:
- 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.
Basically, you get 10 Discovery Miles for each R1 reward you earn back. Then, you can use those miles to earn even more.
Also, as can be seen, you get rewarded as long as you stay consuming healthier and responsibly.
In fact, Discovery offers a Dynamic Interest Rates program in which you can save more while paying less.
To sum up, by being a Discovery client, you can get up to 4.5% interest on positive balances, up to 5.5% interest on demand savings, and up to 4% less interest on borrowing rates.
Of course, a black Visa Signature wouldn’t lack travel perks. So, it offers international coverage, global concierge service, and many discounts on flights.
Lastly, you may love to find out that the account lets you access comprehensive and interactive features, including up to 55 days of interest-free purchases on eligible transactions.
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The Discovery Bank Black Card benefits
Despite the quite high monthly fee, this card elevates the benefits meaning to a whole other level.
Also, it is important to mention that as the card requires at least an R850 000 annual income, a monthly fee of R220 really isn’t a problem considering the comprehensive list of advantages.
Additionally, this card is worth considering if you frequently travel abroad and use a credit card to pay for purchases on Uber, Woolworths, Pick n Pay, Shell, BP, Clicks, Dis-Chem, Apple, South African Airlines, British Airways, Emirates, Qantas, Contiki, Royal Caribbean International, and World Leisure Holidays.
Pros
- It offers rewards on HealthyFood, HealthyCare, riding, and fuel purchases;
- It offers discounts on flight purchases;
- It provides you with access to more than 1 200 airport lounges;
- You can access preferred interest rates;
- The account features comprehensive and interactive benefits so you can work on your finances from wherever you are;
- You can earn miles and exchange them with flexibility;
- It partners with a complete range of brands, so you can access exclusive promotions.
Cons
- It requires at least an R850 000 annual income;
- It charges a total of R220 monthly fee.
How good does your credit score need to be?
Certainly, a card at this level wouldn’t accept anything other than perfect creditworthiness, even though this information is not disclosed.
Furthermore, it is crucial to earning from R850 000 to R2.5 million annually.
How to apply for The Discovery Bank Black Card?
If you are interested in earning a whole bunch of rewards, learn how to apply for The Discovery Bank Black Card.
How to apply for The Discovery Bank Black Card?
Learn how to apply for The Discovery Bank Black Card and enjoy the complete list of advantages, including rewards, travel coverage, and more!
Aline Augusto
Aline Barbosa
Senior Editor
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