Discovery Bank Platinum Suite:  Eligibility, Application, and Rewards

For ambitious professionals

With a qualifying income of R350,000 to R850,000 annually, Discovery Bank Platinum Suite offers a comprehensive range of benefits for a monthly fee of R289. 

The monthly fee covers most transactions, while real-time payments start at just R1 each. 

The suite seamlessly integrates with Discovery’s Vitality Money programme, granting you access to a personalized set of rewards aligned with your lifestyle and travel aspirations. 

Enjoy discounts on local flights, up to 50% cashback on healthy groceries and personal care items, and even access to The Lounge in South Africa.

The Discovery Bank Platinum Suite allows you to earn Discovery Miles on your everyday spending. 

Stock up on healthy essentials with HealthyFood and earn up to 50% back in Miles. 

Prioritize your well-being with HealthyCare purchases or baby supplies at select stores, all while earning up to 50% in Miles. 

The benefits extend further with fuel savings of up to 15% and even 15% cashback on Uber rides. Additionally, earn up to 3.5% back on premiums for your Bank-Integrated Discovery Life plan.

Maximize your savings and minimize borrowing costs with Dynamic Interest Rates. Earn up to 2.5% on positive everyday account balances, 7.25% on-demand savings accounts, and a reduction of up to 7% on your borrowing rate. 

These rates are influenced by your Vitality Money status, which rewards healthy choices.

Discovery Bank Platinum Suite eligibility criteria

To qualify, you’ll need to meet the following criteria:

• Minimum annual income: earn between R350,000 and R850,000 per year.
• South African citizenship: have a valid South African ID number.
• Minimum age: be 18 years or older.

Confirm the exact requirements directly with Discovery Bank. They might require additional documents depending on your specific circumstances. 

Discovery Bank Platinum Suite application process

Applying for the Discovery Bank Platinum Suite is a convenient process that can be done online. Here’s a breakdown of the steps involved:

• Online application: locate the online application form and follow the on-screen instructions.
• Eligibility check: Discovery Bank will assess your application based on the information you provide, including income, credit history, and other relevant factors to determine if you meet the Platinum Suite’s requirements.
• Document submission: you may be required to submit documents such as proof of identity, proof of income, and any additional documentation specified by Discovery Bank. 
• Card issuance and activation: upon successful approval, you will receive your Discovery Bank Platinum Suite card. Follow the provided instructions to activate your card before using it for transactions.

Unlocking further rewards

Here’s a glimpse into other exciting possibilities:

• a dynamic platform where you can achieve weekly goals in three categories — Spend, Exercise, and Drive. Each completed goal unlocks Activity tiles worth up to Ð1,500 in Discovery Miles.
• the more Discovery products you hold, the higher the value of your Discovery tile, unlocking up to an additional Ð750 in Miles.
• partner with Discovery’s network of grocery, pharmacy, and fuel providers to unlock Partner Spend tiles, offering the chance to earn back your biggest weekly transactions in Miles (up to Ð1,500).

Amplify your miles

• up to 15% off when you redeem Discovery Miles at participating online and in-store retailers (over 40 partners). This benefit doubles to a whopping 30% discount on “Miles Ð-Day” (every 15th of the month).
• up to 15% off on airtime, data, prepaid water, and electricity purchases directly through the Discovery Bank app using your Miles.
• an exciting array of products in the Vitality Mall, all available at up to 15% off when paid with your Discovery Miles.

Exclusive travel perks

• up to 60% discount on local flights and 35% on international journeys.
• up to 25% off on holiday accommodation and car rentals.
• up to 15% back on your next beach holiday, cruise, or city adventure.

Seeking simplicity? 

Explore the Nedbank Gold Credit Card. Offering a straightforward experience with a lower annual fee, it still provides attractive benefits such as cashback or travel points.

Written by

Ellen Queiroz (Redatora)