Discovery Bank Platinum Credit Card

By choosing the Discovery Bank Platinum card, you unlock a host of financial benefits and practicalities. From significant discounts on purchases to flexibility in payment terms, this card offers a complete experience with the added convenience of instant virtual cards.

Enjoy up to 15% off essentials like airtime and prepaid utilities with Discovery Miles, and benefit from an automatic warranty extension of up to 24 months on your purchases. Additionally, international travel insurance at no extra cost ensures peace of mind during your travels.

Discover the fees, credit limits, and how to apply for this exclusive service. Continue reading to uncover all the advantages of the Discovery Bank Platinum card.

About the Discovery Bank:

Discovery Bank is an innovative financial institution in South Africa, focused on providing advanced digital banking solutions. Founded in 2019, the bank quickly gained recognition for its unique approach to integrating financial health with overall well-being.

The bank is a subsidiary of Discovery Limited, a renowned financial group known for its insurance services and reward programs, such as Vitality. Discovery Bank’s philosophy revolves around promoting healthy financial habits and rewarding customers for responsible financial behavior.

With an intuitive and secure digital banking platform, Discovery Bank offers a comprehensive range of financial products and services, from checking accounts to premium credit cards like the Discovery Bank Platinum. The commitment to innovation and customer satisfaction sets Discovery Bank apart in the South African financial market.

Card Benefits

Automatic Warranty Extension: Enjoy peace of mind with an automatic warranty extension of up to 24 months on your purchases, ensuring extra protection for your valuable items.

Discounts: Save up to 15% on essentials like airtime, mobile data, and prepaid utilities by using Discovery Miles, helping you stretch your budget further on everyday necessities.

International Travel Insurance: Travel with confidence knowing that when you purchase airline tickets with your Discovery Bank Platinum card, you receive comprehensive international travel insurance at no additional cost.

Instant Virtual Cards: Experience the convenience of instant virtual cards for online and mobile payments, providing a secure and quick way to shop and manage your finances digitally.

Comprehensive Security Features: Benefit from advanced security measures that protect your transactions and personal information, ensuring your financial safety is always a priority.

Discovery Bank Platinum Fees and Commissions

The Discovery Bank Platinum credit card has a monthly account fee of R155, which includes the monthly account fee, Vitality Money premium, and single credit facility fee. There is a once-off single credit facility initiation fee of R150 if the limit is under R2,000, otherwise, it is R199.

Cash withdrawals at local ATMs incur a fee of R5 plus 2.50% of the withdrawal amount. Additional transaction fees apply for services such as real-time payments and deposits at select retail stores, providing convenience for various banking needs.

Please note, fees are subject to change without prior notice, so it is advisable to check the latest information periodically.

Credit card limit

The credit limit for the Discovery Bank Platinum credit card is determined by the customer’s credit assessment, which considers several important factors. These factors include the customer’s income, payment history, and credit score. This thorough evaluation ensures that the limit granted is appropriate for each customer’s financial capacity.

The initial limit for the card starts at R10,000, providing a solid foundation for credit needs. This limit can be gradually increased over time as the customer demonstrates financial responsibility and consistent payment ability. This flexibility allows customers to safely and securely expand their purchasing power.

How to apply for Discovery Bank Platinum

1. Visit the Discovery Bank Website: Go to the Discovery Bank website.
2. Check Eligibility: Ensure you meet the eligibility criteria, which typically include being a South African resident, having a valid ID, and meeting the minimum income requirements.
3. Gather Required Documents: Prepare necessary documents such as your South African ID, proof of residence, and proof of income (such as recent payslips or bank statements).
4. Online Application: Fill out the online application form available on the Discovery Bank website. Provide accurate personal, employment, and financial information as required.
5. Submit Application: Review your application for accuracy and completeness, then submit it through the website.
6. Await Approval: Once submitted, Discovery Bank will process your application and perform a credit assessment. This may involve contacting you for additional information or documentation.
7. Receive Your Card: If approved, you will receive your Discovery Bank Platinum credit card along with information on how to activate it and start using it.

How to contact Discovery Bank Platinum

To contact, you can make a call to:

• Phone: You can reach Discovery Bank customer service at 0860 11 2265 within South Africa. If you are calling from outside South Africa, use +27 11 324 4444.
• Email: For email inquiries, contact Discovery Bank at [email protected].

Apply for your Discovery Bank Platinum card and start enjoying these exclusive benefits!