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The Discovery Bank Platinum Card Account

Date post: 30-Jan-2022
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You get a credit card, and much more You get a credit card with built-in transactional capabilities. You get up to 55 days of interest-free credit on select credit card transactions. You control your banking fees by only paying as you transact. You can open an unlimited number of free savings accounts, with tmarket-leading interest rates. You get Vitality Money, which measures how well you manage your finances. The better you do, the higher your Vitality Money status; unlocking your personalised shared-value stack of rewards: Dynamic Interest Rates – you can earn more interest on select savings accounts and on the positive balance in your credit card account, plus you can pay even less on credit. Dynamic lifestyle rewards – you can get up to 50% off one return or two one-way local flights, up to 50% back on HealthyFood and HealthyCare items, and up to 15% back on Uber rides and fuel at BP and select Shell service stations. You can also get up to 70% off fitness devices and Nike performance gear with Vitality Active Gear. Discovery Miles – Discovery’s rewards currency that you earn for getting healthy, driving well and spending responsibly. We’ve enhanced Discovery Miles to give you more ways to earn and new, exciting ways to spend them, making them more valuable than cash! Vitality Active Rewards – achieve your weekly exercise, drive and money goals and play the gameboard to reveal Discovery Miles to spend on rewards of your choice. Achieve all your weekly goals over 24 months and you can get a new iPhone on us. You get free travel insurance on international flight tickets purchased with your Discovery Bank Platinum credit card. You get automatic warranty extension of up to 24 months, as well as short-term protection against theft and accidental damage of purchases made with your Discovery Bank Platinum credit card. The Discovery Bank Platinum Card Account Features | Rewards | Fees Accounts Portfolio Your available balance Total balance Discovery Miles balance Financial behaviours Vitality Money Diamond status Property Savings Retirement Debt Insurance Financial behaviours Shared-value rewards stack Dynamic Interest Rates More Cards Transact Accounts Home 9:41 Platinum Card Account R100 000.00 R60 000.00 Positive balances 3% Borrowing rate 11.75% 3.75% Savings accounts 20 000
Transcript

You get a credit card, and much more

You get a credit card with built-in transactional capabilities.

You get up to 55 days of interest-free credit on select credit card transactions.

You control your banking fees by only paying as you transact.

You can open an unlimited number of free savings accounts, with tmarket-leading interest rates.

You get Vitality Money, which measures how well you manage your finances. The better you do, the higher your Vitality Money status; unlocking your personalised shared-value stack of rewards:

– Dynamic Interest Rates – you can earn more interest on select savings accounts and on the positive balance in your credit card account, plus you can pay even less on credit.

– Dynamic lifestyle rewards – you can get up to 50% off one return or two one-way local flights, up to 50% back on HealthyFood and HealthyCare items, and up to 15% back on Uber rides and fuel at BP and select Shell service stations. You can also get up to 70% off fitness devices and Nike performance gear with Vitality Active Gear.

– Discovery Miles – Discovery’s rewards currency that you earn for getting healthy, driving well and spending responsibly. We’ve enhanced Discovery Miles to give you more ways to earn and new, exciting ways to spend them, making them more valuable than cash!

– Vitality Active Rewards – achieve your weekly exercise, drive and money goals and play the gameboard to reveal Discovery Miles to spend on rewards of your choice. Achieve all your weekly goals over 24 months and you can get a new iPhone on us.

You get free travel insurance on international flight tickets purchased with your Discovery Bank Platinum credit card.

You get automatic warranty extension of up to 24 months, as well as short-term protection against theft and accidental damage of purchases made with your Discovery Bank Platinum credit card.

The Discovery Bank Platinum Card Account

Features | Rewards | Fees

Accounts

Portfolio

Your available balance

Total balance

Discovery Miles balance

Financial behaviours

Vitality Money Diamond status

PropertySavings RetirementDebt Insurance

Financial behaviours

Shared-value rewards stack

Dynamic Interest Rates

MoreCardsTransactAccounts

Home

9:41

Platinum Card Account

R100 000.00

R60 000.00

Positive balances

3%

Borrowing rate

11.75% 3.75%

Savingsaccounts

20 000

Your Discovery Bank Platinum Card Account features

Global travel features

Make purchases worldwide, as well as withdrawals from all Visa-accepting ATMs.

Get free travel insurance on international flight tickets purchased using your Discovery Bank Platinum credit card. You’re also covered for:

– Emergency evacuation to the nearest medical facility for treatment

– Lost or damaged luggage

– Trip cancellation or trip interruption repayment for non-refundable fares, in the case of an unforeseen or medical emergency.

Comprehensive banking benefits

Free cover

You get automatic warranty extension of up to 24 months, as well as short-term protection against theft and accidental damage of purchases made with your Discovery Bank Platinum credit card.

Enhanced security features

When you join, you can start using a Discovery Bank virtual card immediately and enjoy greater convenience and security when shopping online and when you link it with your preferred device to use at tap-and-go pay points.

Your Discovery Bank Platinum credit card has secure chip and PIN technology, and the ability to make fast and secure tap-and-go payments.

You get extra security with Verified by Visa and Visa Checkout when you make online purchases.

Discovery Pay lets you pay any of your contacts who are Discovery clients, using just their cellphone number.

You can withdraw cash at a till point at Pick n Pay, Checkers, Shoprite and selected Spar stores. You can make deposits at Pick n Pay and Boxer stores.

Get free transaction notifications and monthly account statements.

Choose from a range of unlimited, free savings account options, with personalised interest rates for large deposits.

Access, manage and improve your financial health with Vitality Money and a range of tools.

Track and improve your dynamic lifestyle rewards and Dynamic Interest Rates.

There are so many ways that you can earn thousands of each month. Earn them for HealthyLiving purchases and from Vitality rewards, by achieving your Vitality Active Rewards goals, and by using your Discovery Bank Platinum credit card.

Discovery Miles are more valuable than cash. Based on the Discovery products you have, you’ll get up to 20% off when you spend them at over 40 in-store and online retail partners, in the Vitality Mall through Vitality Active Rewards, and on airtime, data and prepaid water and electricity in the Discovery Bank app. Plus, with on the 15th of every month, your discount automatically doubles to up to 40% off at Discovery Miles retail partners! You can also spend Discovery Miles on travel, exchange them for cash, or send them to your contacts.

It’s one card that does it all:

– It’s a credit card with built-in transactional and savings features. This means you can pay your salary into it, set up debit orders and stop orders, and even make digital and real-time payments from your credit card account.

– You get up to 55 days of interest-free credit on select credit card transactions.

Add secondary cards.

Customise your accounts, card balances and limits.

Link your Discovery Bank Platinum credit card to your Discovery Health Medical Scheme membership to instantly settle medical co-payments at pharmacies like Clicks and Dis-Chem, hospitals and medical service providers with Health Pay. This includes co-payments for certain scans, X-rays, blood tests and hospital costs.

Change your PIN, temporarily pause or stop cards on the app.

Make low cost real-time payments.

Make on-the-go payments with Apple Pay, Fitbit Pay, Garmin Pay and Samsung Pay.

Search, filter and keep track of your transactions or create and download custom transaction lists in just a few taps with Smart Search on our banking app.

See discovery.co.za and visacards.africa for limits, terms and conditions.

Get up to 3.75% intereston demand savings accounts.

Pay up to 4% lesson your borrowing rate.

Save more and pay less withDynamic Interest Rates

Improve your finances with Vitality Money Vitality Money measures how well you manage your finances, from paying off your debts, saving for longer and making sure you’re covered for unexpected events. The better you do, the higher your Vitality Money status; unlocking your personalised shared-value stack of rewards.

Get up to 3% intereston your positive balance in your everyday accounts.

To reach Diamond status on Vitality Money, you need to have a certain amount of savings across your savings accounts, based on your income. Your everyday account is your credit card account. The Dynamic Interest Rate boosts and cash back you earn are based on your Vitality Money status.

Accounts

Portfolio

Your available balance

Total balance

Discovery Miles balance

Financial behaviours

Vitality Money Diamond status

PropertySavings RetirementDebt Insurance

Financial behaviours

Shared-value rewards stack

Dynamic Interest Rates

MoreCardsTransactAccounts

Home

9:41

Platinum Card Account

R100 000.00

R60 000.00

Positive balances

3%

Borrowing rate

11.75% 3.75%

Savingsaccounts

20 000

Additional rewards

Up to 50% back on HealthyFood items

Up to 50% back on HealthyCare items

Up to 15% back on fuel

Up to 15% back on Uber rides

Get financially fit and get rewarded with dynamic lifestyle rewards

We will award some of your Vitality rewards, including HealthyFood and HealthyCare rewards, as well as fuel and Uber rewards, to you in Discovery Miles. Your specific reward percentages are determined based on your Vitality Money status, engagement with the Vitality Health programme, and your qualifying monthly spend. With Vitality Active Gear, you get 50% off for completing Vitality health assessments and achieving your Vitality Active Rewards exercise goals, plus a boost for managing your money well with Vitality Money. Vitality Health members who activated the Vitality Active Rewards gym booster benefit pre-2020 are eligible to retain this benefit if they are primary accountholders of a Discovery Bank Card Account.

Up to 70% off fitness devices and Nike performance gear with Vitality Active Gear

Up to 50% off one return or two local one-way flights

Up to 15% back on travel

You receive these rewards in Discovery Miles at a rate of 10 Discovery Miles for every R1 you earn back.

Earn Vitality Active Rewards

Earn thousands of Discovery Miles for achieving your Vitality Active Rewards exercise, drive and money goals each month. Plus, you can earn up to 21 385 more Discovery Miles each year for getting active and driving well.

Get exclusive access

Get exclusive pre-booking access to select premier shows and events 48 hours before anyone else.

Your Discovery Bank Platinum Card Account banking fees

Credit card Visa Platinum

Fee structure Pay-as-you-transact

1You can withdraw money at Pick n Pay, Checkers and Shoprite outlets, and selected Spar stores. Withdrawal amount limits may vary from one merchant to another.

2Purchases include in-store and online payments using a physical card, virtual card or linked digital wallet like Apple Pay, Fitbit Pay, Garmin Pay, or Samsung Pay.

All fees include VAT. Additional product or service fees may be charged. We’ll notify you of these charges before delivering the service. Any new services or products we introduce may also have a fee. We’ll update this guide to include these fees to ensure you always stay informed.

Monthly account fee R60

Monthly Vitality Money premium R30

Monthly single credit facility fee R30

Total monthly account fee R120

Monthly additional and secondary physical cards (optional) R30

Monthly additional virtual cards (optional) Free

Monthly Discovery Bank Motor Card (optional) R30

Monthly additional credit card accounts (optional) R30

Monthly Health Pay (optional) R10

Once-off single credit facility initiation fee R165

Cash withdrawals: local ATM R4.50 + 1.5% of withdrawn amount

Cash withdrawals: local point of sale1 R2

Cash withdrawals: international ATM R65

Debit orders R3.75

Digital payments R2.50

Discovery Instant Pay (real-time payments) R10

Discovery Pay R2.50

Prepaid products and services purchases Free

Point-of-sale purchases: local and international2 Free

Cash deposits at Pick n Pay and Boxer stores R19.95 per R5 000

Inter-account transfers Free

Balance enquiry at ATM Free

Payment notifications Free

Own account notifications Free

Returned debit orders Free

Declined transactions Free

Currency conversion fee 2.75%

Card replacement fee One free, R150 afterwards

Protecting you

Extended warranty

Purchase protection

Verified by Visa/3D Secure

Lost and stolen card reporting

Emergency card replacement

Emergency cash disbursement

Travel, discounts and services

Travel insurance1

International medical and travel assistance

Discounts, deals and offers

International airport dining programme

Visa luxury hotel collection discounts

YQ airport meet and greet

Discounted car hire bookings

Banking convenience

Instant, free virtual cards

Visa Checkout

Pay with Apple Pay, Fitbit Pay, Garmin Pay and Samsung Pay

Transaction notifications (SMS and email)

Monthly statements

Use of the Discovery Bank app

Account confirmation letters

Your account also includes

1Subject to the travel insurance Ts & Cs. For more information, please call us on 0800 07 96 97.

Visit visacards.africa to view all the latest offers, including terms and conditions.

RCK_81912DBK_05/08/2021_V3

That’s shared-value banking.

Discovery Bank Limited. Registration number 2015/408745/06. An authorised financial services and registered credit provider. FSP number 48657. NCR registration number NCRCP9997. Limits, terms and conditions apply.

Discovery Miles are more valuable than cash on the Discovery and Discovery Bank apps, in-store and online with Discovery Vitality’s partners.

Images in this document are for illustrative purposes only.

All interest rates and fees are as at the publication date. Please see for the latest product information and terms and conditions.


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