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Discovery Bank Infinite Credit Card

Geovana Ramos
December 7, 2023

The Discovery Bank Infinite Card offers an impressive suite of benefits designed to enhance your financial experience. From substantial discounts on international travel to unique financial features, this card stands out as a premium choice for discerning customers.

One of the standout benefits is the negative loan rate, effectively reducing borrowing costs. This feature, along with exclusive travel perks like significant discounts on international flights and accommodation, adds substantial value to the card.

Additionally, the Discovery Bank Infinite Card offers comprehensive travel insurance and concierge services, ensuring peace of mind wherever you go. Discover how these benefits and more can transform your financial journey by continuing to read.

About the Discovery Bank:

Discovery Bank is an innovative financial institution based in South Africa. Founded in 2019, it is part of the Discovery Group, a company renowned for its health and insurance solutions, which expanded into the banking sector to revolutionize the financial experience for customers.

Discovery Bank aims to offer behavior-based banking services, rewarding clients for good financial practices. Utilizing the Vitality Money program, the bank encourages users to improve their financial health through dynamic and personalized rewards, tailored according to the clients’ financial behavior.

With a customer-centric approach and cutting-edge technology, Discovery Bank seeks to transform how people manage their finances. Its products, such as the Discovery Bank Infinite Card, are designed to provide significant benefits, including travel discounts, cashback, and access to exclusive services, reflecting the bank’s commitment to innovation and customer satisfaction.

Card Benefits

Travel Discounts: Enjoy up to 75% off on local and international flights, as well as up to 25% off on holiday accommodations and car rentals, based on your Vitality Money status.

Cashback Rewards: Receive up to 75% cashback on healthy products at Pick n Pay and Woolworths, up to 50% cashback on personal care items at Clicks and Dis-Chem, and up to 20% cashback on fuel and Uber.

Travel Insurance: Get comprehensive travel insurance coverage when you pay with your Discovery Bank card or Discovery Miles.

VIP Lounge Access: Enjoy unlimited access to airport VIP lounges, offering a more comfortable and exclusive travel experience.

Dynamic Interest Rates: Improve your interest rates based on your financial behavior and Vitality Money status, reducing loan rates and boosting savings rates.

Vitality Active Rewards: Earn Discovery Miles by achieving exercise, driving, and spending goals, encouraging a healthy and rewarding lifestyle.

Discovery Bank Infinite Fees and Commissions

The Discovery Bank Infinite Card has a monthly fee of R644 and an annual card fee of R3,500. Interest rates offered include up to 2.5% on positive balances in everyday accounts and up to 7.25% on demand savings accounts. Borrowing rates can be reduced by up to 7%.

Transaction fees are included in the monthly fee, providing unlimited free transactions. There are no additional monthly fees for Real-Time Forex Accounts, making it convenient for frequent travelers.

Please note, fees and rates are subject to change without prior notice. For the latest information, visit the official site.

Positive points

Travel Discounts:
Enjoy up to 75% off on local and international flights, as well as up to 25% off on holiday accommodations and car rentals, providing significant savings for frequent travelers.
Cashback Rewards:
Receive up to 75% cashback on healthy products at Pick n Pay and Woolworths, up to 50% cashback on personal care items at Clicks and Dis-Chem, and up to 20% cashback on fuel and Uber, maximizing financial benefits.
VIP Lounge Access:
Enjoy unlimited access to airport VIP lounges, ensuring a more comfortable and exclusive travel experience.

Negative points

Spending Requirements:
To maximize cashback and discount benefits, certain spending levels must be met, which may not be feasible for all users.
Complexity of Benefits:
The range of benefits and rewards can be complex to understand and manage, requiring users to be well-informed on how to optimize card usage to get the most advantages.
Credit Requirements:
May have high credit requirements for qualification, making it inaccessible to some potential users with limited credit history.

Credit card limit

The credit limit of the Discovery Bank Infinite Card ranges from R20,000 to R500,000, providing significant flexibility and access to credit as needed. This wide range allows users to select a limit that best fits their individual financial needs, whether personal or professional. Thus, the card offers a robust solution for both everyday expenses and large investments or purchases.

This flexibility allows users to adjust their credit usage according to their lifestyle and specific financial needs, offering a personalized credit management solution. With such a varied credit limit, users can better take advantage of the card’s benefits, such as travel discounts, cash rewards, and access to exclusive services. This ability to personalize is essential for effective and adaptable financial management.

How to apply for Discovery Bank Infinite

Visit the Discovery Bank Website: Go to the official site and navigate to the Discovery Bank Infinite Card section.
Online Application: Click on the “Apply Now” button and complete the online application form with your personal and financial details.
Bank App: Alternatively, download the Discovery Bank app, log in, and navigate to the credit card section to apply directly through the app.
Required Documents: Ensure you have all necessary documents, such as your ID, proof of income, and proof of residence, ready to upload during the application process.
Approval: Wait for the bank to process your application and verify your details. You will be notified of the outcome via email or phone.

You will be redirected to the card website

How to contact Discovery Bank

Talking to discovery is easy:

Phone: For general inquiries, call: 0860 11 2265 (within South Africa) For international inquiries, call: +27 11 324 4444
Email: For support and inquiries, email: [email protected]