The Discovery Bank Gold Credit Card offers a blend of everyday banking convenience and a suite of rewards tailored for individuals seeking value and flexibility in their financial tools.
Key Features and Benefits
1. Interest-Free Period
- Up to 55 Days: Enjoy up to 55 days of interest-free purchases on select credit card transactions, provided you pay your balance in full by the due date.
2. Discovery Miles Rewards
- Earn Discovery Miles: Accumulate Discovery Miles on qualifying credit card and multicurrency debit card purchases.
- Enhanced Earnings: Earn higher base Discovery Miles when using a virtual card, depending on your Vitality Money status.
3. Vitality Money Program
- Lifestyle and Travel Rewards: Engage with the Vitality Money program to unlock personalized rewards, including up to 40% back on HealthyFood, up to 10% back on fuel and Uber rides, and up to 2.5% back on Discovery Life plan premiums.
4. Dynamic Interest Rates
- Positive Balances: Earn up to 1.1% interest on positive balances in everyday accounts.
- Savings Accounts: Earn up to 5.75% interest on demand savings accounts.
- Borrowing Rates: Benefit from up to 5% reduction in borrowing rates based on your Vitality Money status.
5. Travel Benefits
- SLOW Lounge Access: Access SLOW Lounges at a fee of R300 per person, provided you meet the eligibility criteria.
- Global Travel Insurance: Receive complimentary global travel insurance when purchasing international return travel tickets with your Discovery Bank Gold Credit Card.
6. Digital Convenience
- Virtual Cards: Create and use up to 50 free Discovery Bank virtual cards immediately after joining.
- Mobile Payments: Make on-the-go payments with Apple Pay, Fitbit Pay, Garmin Pay, Google Pay, Samsung Pay, and SwatchPAY!
- App Features: Manage your cards, set PINs and limits, track account balances, and make international payments in over 60 currencies through the Discovery Bank app.
Fees and Charges
| Fee Type | Amount |
|---|---|
| Monthly Account Fee | R30 |
| Vitality Money Premium | R25 |
| Single Credit Facility Fee | R35 |
| Total Monthly Account Fee | R90 |
| Additional Physical Card (Optional) | R40 per month |
| Additional Virtual Cards (Optional) | Free |
| Discovery Motor Card (Optional) | R40 per month |
| Initiation Fee (Credit Limit < R2,000) | R150 |
| Initiation Fee (Credit Limit ≥ R2,000) | R185 |
| Local ATM Cash Withdrawal | R5 + 2.25% of withdrawal amount |
| International ATM Cash Withdrawal | R85 |
| Debit Orders | R3.75 |
| Digital Payments | R2.75 |
Note: Fees are subject to change. Please refer to the official Discovery Bank website for the most current information.
Eligibility Criteria
To qualify for the Discovery Bank Gold Credit Card, applicants must meet the following criteria:
- Age: At least 18 years old.
- Residency: South African resident with valid proof of residence.
- Income: Stable income and a good credit history may be required for approval.
- Documentation Required:
- Valid South African ID book/card
- Recent payslips
- Three months’ bank statements
- Proof of residence
How to Apply
Applying for the Discovery Bank Gold Credit Card is straightforward:
- Online: Visit the Discovery Bank website and complete the application
- In-App: Download the Discovery Bank app, navigate to the credit card section, and follow the prompts to apply.
- In-Branch: Visit your nearest Discovery Bank branch with the required documentation for assistance with your application.
Contact Information
For further assistance or inquiries:
- Phone: 0860 11 22 73
- Email: [email protected]
- Website: www.discovery.co.za
- Branch Locator: Use the Branch Locator to find the nearest Discovery Bank branch.
The Discovery Bank Gold Credit Card combines everyday convenience with valuable rewards and travel perks, making it a compelling choice for those seeking to enhance their financial flexibility.
If you need further assistance or have questions about the application process, feel free to ask!
