Discovery Bank Platinum Card review: A High-End Credit Card
In this Discovery Bank Platinum Card review you will find out about this card's rewards on health and fitness, flexible credit facility and more!
Get a Personalized Stack of Rewards with Vitality Money Programme
Looking for a credit card with exclusive benefits and lifestyle rewards? Check out this mid-tier card with discounts on flights and healthy food purchases. Here’s our Discovery Bank Platinum Card review.
- Requirements: Annual income between R350,000 and R850,000
- Initiation Fee: R150 for credit limits less than R2,000; R185 for credit limits greater than R2,000
- Monthly Fee: R69 for single credit facility; R55 for Discovery Vitality Money Premium
- Rates: Instant payment fee of R10; up to 55 days’ interest-free credit on select transactions
- Rewards: Up to 60% off local flights; up to 50% back on health food purchases; savings on international flights, accommodation, and car hire. Plus, up to 50% rewards when purchasing food, exercise equipment, and health products.
This premium credit card is best suited for individuals with high annual incomes and a desire for lifestyle rewards and exclusive benefits.
The Discovery Bank Platinum Card: how does it work?
The Discovery Platinum Credit Card is an exclusive mid-tier card for those earning R350,000 to R850,000 per annum.
Monthly single credit facility fees are R69. Cardholders can boost rewards with the Discovery Vitality Money Premium for R55 per month, with benefits including savings on flights, health food, and international travel.
The Discovery Bank Platinum Credit Card offers competitive advantages such as lower instant payment fees of R10 compared to FNB and Standard Bank.
Furthermore, no other bank offers up to 50% rewards for purchases of food, exercise equipment, and health products.
However, it has a disadvantage compared to Standard Bank: it does not cover your credit facility if your card is stolen during an armed robbery.
The card account is comprehensive, with features such as third-party debit orders, EFT payments, salary deposits, and 55 days’ interest-free credit.
Overall, the Discovery Platinum Credit Card and Bank Account offers exclusive benefits and rewards to high-earning individuals.
However, it may not be suitable for those who prioritize armed robbery coverage over lower initiation fees.
Still, The card’s comprehensive features and flexible credit facility make it a competitive choice in the market.
Plus, the Vitality Money programme’s rewards can be appealing to those looking to save on travel and health-related expenses.
You will be redirected to another website
Significant benefits and disadvantages of the Discovery Bank Platinum Card
Our Discovery Bank Platinum Card review would be incomplete without a comparison between its benefits and disadvantages. So check out the list we have prepared for you below.
- High rewards on health and fitness.
- Low instant payment fee.
- Flexible credit facility.
- Real-time forex accounts.
- High initiation fee.
- Limited income range.
- No armed robbery protection.
- High premier card replacement fee.
Is a good credit score required for applicants?
To get a credit card from Discovery Bank, one needs a good credit score. We recommend that you check your score before applying for the Discovery Bank Platinum Card.
Learn how to apply and get a Discovery Bank Platinum Card
Do you like what you’ve seen in this Discovery Bank Platinum Card review? If so, you might want to take the next step and apply for this card.
We are going to help you do it in just a few minutes with our application guide. Just click the link below, and let us help you get your card!
About the author / Danilo Pereira
TrueAmericanLoan application process: Find just the right loan!
In this TrueAmericanLoan application, you will learn how to use this platform to start getting multiple loan offers within minutes.Keep Reading
Find the best Mastercard credit cards 2023
Are you looking for the best Mastercard cards for 2023? We have prepared a list with a few of them, and one is probably the right one for you.Keep Reading
African Bank Gold Credit Card review: low monthly account cost
In this African Bank Gold Credit Card review you will see how this card allows you to get discounts and earn cash back.Keep Reading
You may also like
SavorOne Rewards Credit Card review
Are you looking for a rewards credit card that offers great value? Check out this SavorOne Rewards Credit Card review.Keep Reading
How to open your Bask Bank Interest Savings account easily
In this Bask Bank Interest Savings account application guide, you will learn how to open it and earn more than 4% APY.Keep Reading
Bank of America® Customized Cash Rewards Secured application
With this Bank of America® Customized Cash Rewards Secured application guide you will get this card in just a few minutes.Keep Reading