Credit Cards
Discovery Bank Gold Card full review: should you get it?
Discovery Bank Gold Card provides several benefits for cardholders! Pay no initiation fee and earn cash back on every purchase! Learn more below!
Advertisement
Discovery Bank Gold Card: cashback of up to 40% on purchases!
Discovery Bank Gold Card is unlike anything you’ve ever seen. It offers so many advantages that it’s even difficult to summarize everything it offers its customers.
Discovery Bank Gold Card: check out how to apply!
Apply to Discovery Bank Gold Card and earn miles to travel the world with discounts of up to 35% on airline tickets. Learn more!
Read this review to learn everything you need to know about this card. So let’s get started!
| Monthly Income | From R100.000 to R350.000 per year; |
| Monthly Fee | R90 (Monthly account fee + Monthly Vitality Money premium + Monthly single credit facility fee); |
| Initiation Fee | N/A; |
| Interest Rate | See terms; |
| Rewards | Up to 40% cash back on purchases at HealthyFood, Pick n Pay, or Woolworths; cashback of up to 10% on Uber rides and refueling at BP and Shell stations nationwide. Every R1 earned in reward earns 10 miles in the Discovery Miles program. |
Discovery Bank Gold Card: learn more about this financial product
This card is the entry-level card in the Discovery Bank family of cards. This one uniquely combines rewards and miles programs.
You accumulate cashback on everyday purchases. For every R1 earned, you will receive 10 miles to buy airline tickets and other services.
Plus, you still get discounts for using your miles. If you decide to fly selected routes, you still get up to 15% cashback.
You can convert your miles into cash or invest in stocks through Discovery PrimeFlex. Finally, we are talking about a Visa card accepted worldwide.
You will be redirected to another website
Discovery Bank Gold Card features
This is the type of card that turns rewards into more rewards. Many people like to have this card.
However, this one also has some “weak points.” To know them, see the lists below!
What are the benefits?
- Cashback of up to 40% on grocery purchases, Uber trips and filling up at gas stations;
- For every R1 earned in rewards, you will receive 10 Discovery Miles redeemable for airline tickets;
- Discounts of up to 30% when you decide to use your miles;
- 55 days with no interest rate.
And what are the drawbacks?
- A complicated card: status, dynamic interest rate, and fees that are difficult to understand at first glance;
- Extremely high-income requirement: at least R100,000 per year;
- Relatively high monthly fee: R90;
- Exchange rate of 2.75% (value considered high in the domestic market).
What are the requirements to apply?
In addition to proving income above R100,000, you must be over 18 and have a valid identification document (SA ID).
Also, you must live in South Africa or have a permanent residence here.
How does the application process work?
Having access to all these advantages is easier than you think. Access the post below to learn how to apply for this card, earn 40% cashback, and much more.
Discovery Bank Gold Card: check out how to apply!
Apply to Discovery Bank Gold Card and earn miles to travel the world with discounts of up to 35% on airline tickets. Learn more!
About the author / José Gonçalo
Trending Topics
Sanlam Money Saver Credit Card full review: should you get it?
Sanlam Money Saver Credit Card is the card that encourages you to save with cashback of up to 5%! Learn more about this card!
Keep Reading
How to reverse an FNB eWallet payment in 3 steps
You can get your money back after a wrong transfer or scam. See this post and learn how to reverse transfers on FNB ewallet!
Keep Reading
Woolworths Black Credit Card: check out how to apply!
Apply to Woolworths Black credit card and get up to 3% cashback and up to 8 extra credit cards without having to pay additional fees for it!
Keep ReadingYou may also like
Nedbank American Express Gold Credit Card full review
Meet Nedbank American Express Gold, the credit card that will offer an excellent reward program! Enjoy up to 50% off on select services!
Keep Reading
FNB Premier Credit Card: check out how to apply!
Apply to FNB Premier Credit Card and join a rewards program that gives you up to 15% cash back on select transactions! Read on and learn!
Keep Reading
Admission of Older Persons to Residential Facilities
Discover the Admission of Older Persons to Residential Facilities, the program that guarantees comprehensive medical care for the elderly!
Keep Reading