How to Apply for your Discovery Bank Black Card
The Discovery Bank Black Card offers a blend of luxury and convenience, designed for individuals who seek premium financial services and exceptional rewards. From comprehensive travel benefits to advanced security features, this card promises a banking experience that goes beyond the ordinary.
It provides superior banking services and rewards to customers seeking exclusive travel perks, personalised offers, and exceptional service.
The Discovery Bank Black Card provides world-class banking experiences with comprehensive features, including an enhanced credit card, a superior transaction account, and a flexible single credit facility.
Real-Time Forex Accounts are available to clients without additional monthly fees, and Vitality Money program rewards include up to 50% back on healthy groceries and up to 60% off on local flights.
Benefits of the Discovery Bank Black Card
The Discovery Bank Black Card is packed with features that cater to a sophisticated lifestyle. Here are some of the main benefits:
Comprehensive Travel Benefits
The Discovery Bank Black Card offers an array of travel benefits designed to enhance your travel experience. Cardholders enjoy complimentary travel insurance. Also, you can enjoy other perks like up to 60% off on local flights and up to 50% on international flights, up to 25% off on holiday acommodation and car hire, and much more.
In addition, with this card you can have access to airport lounges, enjoy up to 12 domestic departures and up to 4 international departures visits a year. Also, it’s possible to get six visits per year on over 1,200 airport lounges worldwide with LoungeKey.
Generous Rewards Program
Every purchase made with the Discovery Bank Black Card earns miles that can be redeemed for a variety of rewards. These miles can be used for international travel discounts, healthy food purchases, and other lifestyle perks.
Advanced Security Features
Security is a top priority with the Discovery Bank Black Card. The card comes equipped with advanced security features, including biometric authentication, which ensures that only the cardholder can access their account.
Real-time fraud monitoring alerts users to any suspicious activity, and zero-liability protection guarantees that cardholders are not held responsible for unauthorized transactions.
Personalised Concierge Services
Cardholders have access to a dedicated concierge service, which can assist with a variety of tasks such as booking reservations, planning events, and arranging travel itineraries. This personalised service is designed to make life easier and more enjoyable, offering expert assistance for both everyday needs and special occasions.
Prerequisites for Applying
To apply for the Discovery Bank Black Card, you must meet the following requirements:
- Income Requirement: Minimum qualifying income ranging from R850,000 to R2.5 million per year
- Credit Score: A good credit score is essential for approval.
- Age Requirement: Applicants must be at least 18 years old.
- Residency: You must be a South African resident.
About Discovery Bank
Discovery Bank, part of the Discovery Group, is a financial institution founded in 1992. It leverages advanced technology to offer personalized and efficient banking services. Discovery Bank is committed to enhancing financial wellness through innovative solutions and rewards programs. It stands out for its customer-centric approach and dedication to digital innovation.
Discovery Bank offers a range of services, including savings accounts, investment products, and credit facilities, all designed to provide a seamless and rewarding banking experience.
Who Is This Card For?
The Discovery Bank Black Card is ideal for high-income individuals who travel frequently and seek a premium banking experience. It is tailored for those who value exclusive benefits, such as travel perks, high rewards, and personalised services. This card is perfect for professionals, business owners, and anyone looking to elevate their financial experience.
Step-by-Step to Apply for the Card
Applying for the Discovery Bank Black Card is straightforward. Follow these steps:
- Visit the Official Website: Go to Discovery Bank Black page and press the “Get Started” button.
- Complete the Application Form: Fill in the necessary personal and financial information.
- Submit Required Documents: Provide proof of income, identification, and residency.
- Credit Check: Discovery Bank will conduct a credit check to assess your eligibility.
- Approval and Card Issuance: If approved, you will receive your card in the mail.
You can also apply through the Discovery Bank app, available for Android and iOS.
Positives and Negatives of the Card
Positives
- Access to premium travel and concierge services.
- Earn miles on purchases, with generous redemption options.
- Biometric authentication and real-time fraud monitoring.
- Airport lounge access
- 55 days’ interest-free credit
Negatives
- The card is accessible only to high-income individuals.
- The card comes with a significant fee.
How to Unlock the Card
Once you receive your Discovery Bank Black Card, follow these steps to unlock it:
- Activate via the App: Log in to the Discovery Bank app.
- Navigate to Card Services: Select the option to activate your card.
- Enter Card Details: Input the required card information.
- Set PIN: Create a secure PIN for your card.
- Confirmation: Receive confirmation that your card is activated and ready to use.
Fees and Tariffs
The Discovery Bank Black Card has several associated costs:
- Monthly fee: R235
- Additional and secondary physical cards: R45
- Once-off single credit facility initiation fee: R150 if the limit is less than R2,000, else R199
- Cash withdrawals on local ATM’s: R5 + 2.50% of the withdrawal amount
- Cash withdrawals on international ATM’s: R85
- Card replacement fee: One free, R200 each thereafter
- Currency conversion fee: 3%
Customer Service
For assistance with your Discovery Bank Black Card, you can reach out through the following channels:
- Phone: Call (0800 07 96 97)
- Fraud or Stolen Card: Call (011 324 4444)
- Discovery Official Website
The Discovery Bank Black Card is a premium financial product offering a wide range of benefits, including comprehensive travel perks, a generous rewards program, advanced security features, and personalised concierge services. While it is tailored for high-income individuals and carries a significant annual fee, the card’s exclusive benefits make it a valuable tool for those who can take full advantage of its offerings.
By understanding the prerequisites, fees, and application process, potential cardholders can make an informed decisions about whether the Discovery Bank Black Card is the right choice for their financial needs.