FINANCIAL FORUM
Q&A: What are the actual benefits and rewards of using the Discovery Bank credit card?
Miles-back-a-month doesn’t even cover the bank fees to have this card, so it doesn’t make sense
Q: My husband and I have recently had to migrate from the old Discovery credit card to the new Discovery Bank credit card and I’m trying to find some solid, concrete facts about the additional benefits of having this card. While I’ve found some information in the depths of Discovery's website, I’m not impressed by the lack of transparency. What are the actual benefits and rewards that one can get using the Discovery Bank credit card that I don’t already get on Vitality diamond?
So far, without jumping through lots of hoops to get to Vitality Money diamond status — I see that for swiping my card, I have to spend R500 to get R1 worth of Discovery miles, and that that is capped at R10,000 spend per month. With my traditional bank, I get R1 worth of miles for R150 without doing anything extra and it’s not capped, so unless there are incredible other benefits, I don’t see your new system as being worth my while...
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